Glycerine Market Regional Analysis

Glycerine Market size was valued at USD 2.7 billion in 2023 and is poised to grow from USD 2.85 billion in 2024 to USD 4.37 billion by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032).

Numerous well-known producers are present on the market, and they are mostly concentrating on increasing their production capacity to meet the rising demand. To meet the rising demand brought on by the COVID-19 pandemic, some others are employing glycerine in the production of hand sanitizers. 'Emery Oleochemicals (USA) ', 'IOI Corporation Berhad (Malaysia) ', 'Wilmar International Ltd (Singapore) ', 'Kao Corporation (Japan) ', 'Cargill, Incorporated (USA) ', 'Procter & Gamble Chemicals (USA) ', 'Godrej Industries Limited (India) ', 'Croda International Plc (UK) ', 'KLK OLEO (Malaysia) ', 'CREMER OLEO GmbH & Co. KG (Germany) ', 'GLACONCHEMIE GmbH (Germany) ', 'Sakamoto Yakuhin Kogyo Co. Ltd (Japan) ', 'Twin Rivers Technologies, Inc. (USA) ', 'Avril Group (France) ', 'BASF SE (Germany) ', 'Dow Chemical Company (USA) ', 'Louis Dreyfus Company (Netherlands) ', 'Musim Mas (Singapore) ', 'Oleon NV (Belgium) ', 'Vantage Specialty Chemicals (USA)'

Consumers prefer natural cosmetics and personal care products as they become more aware of the negative consequences of chemical chemicals. To address the rising demand, major global cosmetic producers including Johnson & Johnson, Unilever, P&G, L'Oréal, and others are heavily incorporating natural ingredients like glycerol. The item works wonders as a humectant and excellent moisturizer in cosmetics and personal care products. Additionally, it is non-toxic, water-soluble, and environmentally friendly. Additionally, it serves as a viscosity reducer, oral care and hair conditioning agent, and scent element. Consequently, more glycerine usage is anticipated during the projection period due to the rising demand for cosmetics.

The need for alternative bio-based fuels like bio-diesel has surged as a result of rapid industrialization and urbanization. The demand for fuels made from renewable feedstock increased due to limited fossil fuel supplies. Biodiesel is a more environmentally friendly fuel than fossil fuels because it is made from natural resources like animal fats and vegetable oils. It is acquired as a by-product of the production of biodiesel. Consequently, a rise in Glycerol supply is anticipated to rise over the projection period due to the manufacturing of biodiesel. Global biodiesel output, according to the OECD-FAO Agricultural Output Report is anticipated to reach 44 billion liters by the year 2028. Increasing worries about the need for alternatives are increasing due to the depletion of fossil fuels, particularly the demand for driving the manufacture of biodiesel.

In 2021, Asia-Pacific region is anticipated to hold the largest market share of the global glycerine market. This expansion is linked to the region's expanding consumer interest in color cosmetics as well as the region's ongoing need for oral goods, cosmetics, and hair care products. Additionally, glycerine usage is rising quickly in nations like China, India, and South Korea. Asia-Pacific glycerine demand is anticipated to be driven by lower production and labor costs, relaxed regulations, and manufacturers' incentives to expand their businesses in these regions.