Glycerin Market Trends by Key Players: Emery Oleochemicals, Wilmar International, Godrej Industries, Cargill Incorporated, P&G Chemicals, Kao Corporation, Avril Group, Vitusa Products Inc., Twin Rivers Technologies, Timur Oleochemicals

The Asia Pacific glycerin market will witness high growth during the forecast period owing to the growing demand from personal care products. Increasing product demand from chemical intermediates manufacturers in the region along with an increasing demand for glycerin as a platform chemical, especially in China, will boost the overall regional demand of glycerin.

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Glycerin Market size is expected to grow significantly in the coming years owing to its properties such as colorless, odorless, transparent viscous liquid with a sweet taste, highly soluble in water or alcohol, and a great solvent for other materials which makes it find majority of applications into personal care products. The global personal care products market is expected to witness moderate growth, reaching approximately around USD 450.0 billion by 2017, and will grow significantly over the coming years. The product is also helpful in reducing numerous health problems, including skin irritation and constipation. It is an effective ingredient in various pharmaceutical and food preparations, as it can be used as an emulsifier, humectant sweetener and levigating agent.

Glycerin is a by-product, generated while processing bio-diesel from animal fats, and vegetable oil. Growing demand for alternate fuel in Europe and North America along with growing preference for bio-renewable chemicals has increased the biodiesel consumption rapidly. This demand growth is further attributed with growing concerns related to global climate change, stable energy, and fluctuating crude oil prices are expected to increase biodiesel demand, which will subsequently increase the demand for glycerin during the forecast period.

Glycerin is mainly used in cosmetics and personal care products to enhance the smoothness and moisture content of the skin. It is found in facial moisturizer, body lotion, sunscreen, makeup, hair care, facial treatments, shaving cream etc. It acts as a humectant that prevents the premature loss of moisture from cosmetic products and it has a cooling effect on the skin. Growing awareness about skin challenges, urge to maintain an even skin tone, demand for anti-aging skin cosmetics and desire to look beautiful and young is driving the product sales, allow deeper penetration and expansion into newer markets. Moreover, increasing product demand from pharmaceutical end-user, will help the glycerin market to further grow till the end of forecast period.

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Based on source, glycerin market is segmented into vegetable oils, bio-diesel, synthetic and others such as soaps, fatty acids etc. Biodiesel has become a major source of crude glycerin attributed to the advancement of transesterification and will significantly accelerate the glycerin market growth.

Top key players:

The glycerin market competitive landscape includes key players such as BASF SE, Emery Oleochemicals, Wilmar International, Godrej Industries, Cargill Incorporated, P&G Chemicals, Kao Corporation, Avril Group, Vitusa Products Inc., Twin Rivers Technologies, Timur Oleochemicals, Archer Daniels Midland Company, Croda International Plc, IOI Group, The Dow Chemical Company to name a few. In order to attain a dominant position in the global market, these players are focusing on research and development activities to introduce technological advancement and innovation.

Market share calculation in this report is not done based on companies covered in it. The calculation of glycerin market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

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