USD 0.75 billion
Glycidol Market Size, Share, and Growth Analysis
Glycidol Market By Application (Solvents, Adhesives), By Formulation Type (Liquid, Solid), By Distribution Channel (Online, Offline), By End Use Industry (Chemical, Pharmaceuticals), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15D2006 |
Region:
Global |
Published Date: February, 2025
Pages:
187
|Tables:
93
|Figures:
69
Format -
Glycidol Market Insights
Glycidol Market size was valued at USD 0.75 billion in 2023 and is poised to grow from USD 0.79 billion in 2024 to USD 1.18 billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).
Extensive use in pharmaceutical industry, high demand for resin manufacturing, growing demand for surfactants, and growing industrialization are projected to bolster the sales of glycidol in the future.
Growing use of glycidol as an intermediate in the synthesis of various drugs, active pharmaceutical ingredients (APIs), and bioactive compounds in the pharmaceutical industry is slated to primarily drive revenue generation. High investments in pharmaceutical R&D and expansion of pharmaceutical manufacturing are slated to bolster the global glycidol market growth going forward.
Use of glycidol as a major precursor in the production of polymers, epoxy resins, and coatings is also expected to favor its demand over the coming years. Surging demand for high-performance materials in multiple industry verticals is also estimated to bolster the adoption of glycidol. Extensive use of glycidol-based intermediates in the formulation of herbicides and pesticides is also offering new opportunities for glycidol companies around the world.
Growing personal care industry and high demand for surfactants in the same is also forecasted to bolster the sales of glycidol and its derivatives in the long run. Rising spending on personal care and hygiene around the world is also estimated to indirectly benefit glycidol suppliers going forward. Rapid industrialization around the world is also contributing to the expanding application scope of glycidol. On the contrary, safety concerns regarding toxicity, imposition of stringent regulations, availability of alternative chemical substitutes, high costs of production, and supply chain disruptions are anticipated to impede the demand for glycidol across the study period and beyond.
In January 2024, AbbVie, a leading American pharmaceutical company announced the expansion of its manufacturing capabilities with an investment of USD 223 million for its Singapore biologics manufacturing site. Through this move, the company was estimated to add 24,000 liters of biologics drug-substance capacity to AbbVie's global manufacturing network. This increase in pharmaceutical manufacturing capacity of this facility also had a positive impact on the demand for glycidol since its an essential component in pharmaceutical manufacturing.
In May 2024, Asian Paints (Polymers) Pvt Ltd. A subsidiary of Asian Paints Ltd. Announced its plans to develop a new greenfield project in Gujrat, India. The plant is expected to focus on the manufacturing of Vinyl Acetate monomer (VAM), Vinyl Acetate Ethylene Emulsion (VAE), and Redispersible Polymer (RDP). The project is expected to cost INR 2,100 crore and is also expected to favor the demand for glycidol in India as it is used as a stabilizer in the production of vinyl polymers.
Growing number of pharmaceutical, resin, polymer, and cleaning product manufacturing facilities around the world are primarily augmenting the sales of glycidol. With more and more companies focusing on the expansion of their manufacturing capabilities to meet the growing consumer demand, glycidol companies have a chance to maximize their sales and revenue generation potential in the long run.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Glycidol 96%
Fastest Growth
Glycidol 97%
Growth Rate
5.2% CAGR
Global Glycidol Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Glycidol Market Segments Analysis
Global Glycidol Market is segmented by Application, Formulation Type, Distribution Channel, End Use Industry and region. Based on Application, the market is segmented into Solvents, Adhesives, Coatings, Plasticizers and Intermediates. Based on Formulation Type, the market is segmented into Liquid, Solid and Gel. Based on Distribution Channel, the market is segmented into Online, Offline and Direct Sales. Based on End Use Industry, the market is segmented into Chemical, Pharmaceuticals, Cosmetics, Food and Beverage and Agriculture. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Grade
The glycidol 96% segment is forecasted to account for a substantial chunk of the global glycidol market share going forward. Growing use of glycidol 96% in the preparation of surface active compounds is projected to help this segment maintain its dominant stance in the future. Increasing demand for hygiene and cleaning products such as detergents, soaps, etc. Around the world is expected to help this segment maintain its dominant stance in the long run. Better solubility in water is also a key factor helping promote the use of glycidol 96% in multiple industry verticals around the world.
On the other hand, the demand for glycidol 97% is projected to witness a notable hike in demand in the future. Growing investments in the R&D of specialty chemicals and high-performance materials are forecasted to help this segment generate new opportunities. The balance of quality and cost-effectiveness offered by this grade of glycidol is also expected to promote its adoption in multiple applications. Most glycidol 97% is expected to be used in plastic manufacturing, paints, and solvents. Use of glycidol 97% as a stabilizer in vinyl polymer manufacturing is also expected to offer new opportunities for market players focusing on this segment in the long run.
Analysis by Application
Production of surface active compounds is expected to emerge as the dominant application segment in the global glycidol industry going forward. Surface active compounds play a crucial role in the creation of cleaning products thereby making them essential in hygiene and cleanliness applications. Growing investments in the development of innovative new cleaning products using novel surface active compounds are also expected to bolster the demand for glycidol via this segment. Targeting this application segment is expected to always be beneficial for all glycidol companies. However, concerns regarding harmful environmental impact of certain surface active compounds could hurt the dominance of this segment.
Meanwhile, the adoption of glycidol in pharmaceutical applications is slated to rise at a notable pace in the long run. Growing investments in pharmaceutical R&D coupled with rising pharmaceutical manufacturing around the world are estimated to boost sales of glycidol in the future. Glycidol promotes easy chemical reactivity and allows for better synthesis diversity in pharmaceutical intermediates. North America is expected to lead the demand for glycidol when it comes to pharmaceutical applications. However, the potential carcinogenic nature of glycidol is expected to limit the adoption of glycidol in pharmaceutical applications to a certain extent through 2032 and beyond.
Global Glycidol Market By Grade
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Glycidol Market Regional Insights
The Asia Pacific region is slated to spearhead the demand for glycidol on a global level through 2032. Presence of leading cleaning product manufacturers, rising pharmaceutical manufacturing activities, and high emphasis on specialty chemical manufacturing are helping this region hold sway over others.
China is slated to emerge as the most opportune market in this region owing to presence of a robust manufacturing industry and growing use of glycidol or glycidol derivative in the same. High investments in healthcare infrastructure development and rising demand for pharmaceuticals are also slated to offer new opportunities for glycidol suppliers focusing on India and China.
North America is estimated to account for the second-largest global glycidol market share over the coming years. High investments in specialty chemical R&D, presence of leading pharmaceutical manufacturers, and surging demand for advanced materials are offering new business scope for glycidol providers.
The United States is slated to spearhead the adoption of glycidol in this region. Growing demand for high-performance chemical intermediates in plastic, personal care, cleaning product, and pharmaceutical applications are helping the United States bring in the most revenue for glycidol vendors in the North American region.
The demand for glycidol in Europe is expected to rise slowly across the study period. Presence of leading chemical manufacturers and high demand for chemical intermediates in different industry verticals are slated to boost market development in Europe. Imposition of stringent environmental regulations in the European region are expected to impede the adoption of glycidol. Robust industrial activity, growing automotive manufacturing, and high investments in pharmaceutical manufacturing are helping Germany emerge as the prime market for glycidol vendors looking to make a mark in this region. Increase in new drug approvals and growing demand for novel pharmaceuticals are also slated to drive the sales of glycidol in countries such as France and the United Kingdom through 2032.
Availability of cheap labor and supportive government initiatives are helping Latin America emerge as an opportune market for glycidol companies in the long run. Brazil is expected to emerge as the leading market for glycidol suppliers looking to make a mark in the Latin American region going forward. Establishment of new pharmaceutical manufacturing facilities in this region is slated to bolster the sales of glycidol over the coming years.
Global Glycidol Market By Region
- Largest
- Fastest
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Glycidol Market Dynamics
Glycidol Market Drivers
High Investments in Specialty Chemicals R&D
- Surging demand for different types of specialty chemicals around the world is promoting high investments in the research and development of the same in public and private establishments. Companies are exploring the potential for application of glycidol to create high-performance materials and biocompatible coatings in the long run.
Expansion of Chemical Industry in Emerging Markets
- Robust industrialization in developing and emerging countries around the world is bolstering the demand for specialty chemicals and the global glycidol market outlook as well. Growing chemical manufacturing activities and the rising use of glycidol in multiple industry verticals are offering new opportunities for market players across the forecast period.
Glycidol Market Restraints
Stringent Environmental Regulations
- Increasing issues of environmental pollution causing toxicity in surroundings have resulted in the imposition of strict regulations on production, handling, and disposal of glycidol due to its potentially toxic nature and effects. Ensuring compliance with these regulations can hurt the profitability of glycidol companies by increasing operational expenses going forward.
Availability of Alternative Chemical Substitutes
- The market is rife with alternative chemical substitutes for glycidol such as glycerol derivatives and epoxides. These alternative chemicals possess similar properties to glycidol thereby promoting their adoption instead of glycidol. Increasing demand for sustainable chemical alternatives is also expected to hurt the adoption of glycidol in the future.
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Glycidol Market Competitive Landscape
Glycidol companies should focus on the pharmaceutical and cleaning industries to maximize their sales potential. Investing in R&D is expected to be a vital strategy for all glycidol companies in the long run Countries with rapid industrialization and rising demand for specialty chemicals are estimated to offer lucrative opportunities for companies across the global glycidol market forecast.
Top Player’s Company Profiles
- BASF SE (Germany)
- Dow Chemical Company (USA)
- Solvay S.A. (Belgium)
- Arkema Group (France)
- Huntsman Corporation (USA)
- Evonik Industries AG (Germany)
- SABIC (Saudi Arabia)
- Clariant AG (Switzerland)
- Akzo Nobel N.V. (Netherlands)
- Ashland Global Holdings Inc. (USA)
- Eastman Chemical Company (USA)
- LG Chem Ltd. (South Korea)
- Sumitomo Chemical Co., Ltd. (Japan)
- LyondellBasell Industries N.V. (Netherlands)
- Chevron Phillips Chemical Company (USA)
- Mitsui Chemicals, Inc. (Japan)
- PPG Industries, Inc. (USA)
- Wacker Chemie AG (Germany)
Recent Developments
- In May 2024, Eli Lilly and Company, a leading pharmaceutical manufacturer from the United States announced the commitment of USD 5.3 billion in its Indiana facility to increase the capacity to manufacture active pharmaceutical ingredients (API). This investment was also expected to have a positive impact on glycidol demand in the North American region.
- In September 2023, Biosynth, a renowned supplier of critical materials for the life sciences industry such as glycidol announced the acquisition of Pepceuticals. Through this acquisition, Biosynth aims to support its clients through all phases of the product life cycle from discovery to commercialization.
Glycidol Key Market Trends
- Use of Glycidol in Biomedical and Drug Delivery Systems: Glycidol providers should invest in the R&D to explore the application scope of glycidol in biomedical and drug delivery systems. Glycidol derivatives are expected to help make this glycidol market trend a highly rewarding one for market players across the study period and beyond.
- Targeting Emerging Countries: Glycidol companies are estimated to focus on emerging and developing countries to expand their revenue generation potential going forward. Investing in countries such as India, China, Brazil, and Indonesia from Asian and Latin American regions are forecasted to boost the sales of glycidol and provide new opportunities as well.
Glycidol Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, surging pharmaceutical manufacturing activity, rising demand for cleaning products, high investments in chemical manufacturing are estimated to boost the sales of glycidol in the long run. However, stringent environmental regulations and availability of alternative chemicals are expected to impede the adoption of glycidol going forward. The Asia Pacific region is forecasted to account for a dominant share of global glycidol demand outlook owing to rising pharmaceutical and chemical manufacturing activities in countries such as India, Japan, and China. Use of glycidol to produce surface active compounds is expected to bring in the most revenue for market players in the long run. Targeting emerging countries and use of glycidol in drug delivery systems are forecasted to bolster revenue generation potential for glycidol suppliers through 2032 and beyond.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 0.75 billion |
| Market size value in 2032 | USD 1.18 billion |
| Growth Rate | 5.2% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Glycidol Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Glycidol Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Glycidol Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Glycidol Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Glycidol Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Glycidol Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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