Glycerol Derivatives Market Share, Size, Trends, Industry Analysis Report, By Grade (Bio-based and Petroleum-based); By Product; By End-Use; By Region; Segment Forecast, 2023 - 2032

Glycerol Derivatives Market Share, Size, Trends, Industry Analysis Report, By Grade (Bio-based and Petroleum-based); By Product; By End-Use; By Region; Segment Forecast, 2023 - 2032

The global glycerol derivatives market size is expected to reach USD 27.67 billion by 2032, according to a new study by Polaris Market Research. The report “Glycerol Derivatives Market Share, Size, Trends, Industry Analysis Report, By Grade (Bio-based and Petroleum based); By Product; By End Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growing demand for glycerol derivatives throughout various end-use industries, such as food and beverages, pharmaceuticals, cosmetics, construction, and many others, is boosting the market's sales. Glycerol derivatives are widely used with their unique structure, renewability feature, and chemical and physical properties. For example, Alteqo established a new plant at the Delfzijl, which can manufacture around 20,000 Tn of green solvents based on glycerol. Rising demand for glycerol derivatives across several industries is helping manufacturers enhance their revenue stream and further boost the market’s growth.

Rapid urbanization and industrialization have augmented the demand for glycerol for several purposes. Excellent nutritional values and a non-toxic nature are accelerating consumer preference for glycerol. For example, in 2020, glycerol was the world's 733rd most traded product, with a total trade of US$ 1.84 billion.

Furthermore, Indonesia, Germany, Malaysia, the Netherlands, and Brazil were the top exporters of glycerol, with US$ 461 million, US$ 270 million, US$ 243 million, US$ 163 million, and US$ 131 million, respectively. The demand for glycerol is accelerating across the world. The wide use of glycerol for improving hydration and performance levels in skin conditions, athletes, and relieving constipation contributes to the propelling sales of glycerol derivatives.

Enhancing the use of polyglycerol across food & beverages, pharmaceuticals, and many other sectors is promoting market growth. Polyglycerol is one of the glycerol derivatives utilized as a solubilizer and emulsifier in the production of drugs and vaccines and also as a carrier. For example, in May 2021, Palsgaard launched polyglycerol polyricinoleate, used in chocolate production for mold optimization, flow control, and viscosity reduction.

Glycerol Derivatives Market Report Highlights

Bio-based segment is dominating the global market share in 2022 primarily due to the rising demand for environmentally friendly products and huge awareness regarding bio-based glycerol derivatives

Polyglycerol segment is accounting leading share in the global market due to growing awareness of the product across food & beverages, pharmaceuticals industries

Pharmaceutical industry has held the largest share in 2022. This is attributed to the growing need for derivatives in the production of drugs and dosage

Asia Pacific registered a robust growth rate due to increasing demand for polyglycerol & other derivatives

Global players include Zhangjiagang Glory Biomaterial, Shell Chemical, Tokyo Chemical, DuPont, Solvay, Croda International, Cargill, Primient Covation, Haihang Industry, Sakamoto Yakuhin kogyo, Spiga Nord, Stepan Company, thyssenkrupp, Acuro Organics, and Repsol.

Polaris Market Research has segmented the Glycerol Derivatives market report based on grade, product, end-use, and region:

Glycerol Derivatives, Grade Outlook (Revenue - USD Billion, 2019 - 2032)

Bio-based

Petroleum-based

Glycerol Derivatives, Product Outlook (Revenue - USD Billion, 2019 - 2032)

4-(hydroxymethyl)-1 3-dioxolan-2-one

Polyglycerol

Propylene Glycol

1 3 propanediol

Propane-1 2 3-triyl triacetate

Others

Glycerol Derivatives, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

Food & Beverage

Pharmaceuticals

Cosmetics & Personal Care

Construction

Others

Glycerol Derivatives, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa
Show more