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Glycerol Market Share, Trends, Research | Industry Analysis 2030

The global glycerol market is projected to register unprecedented growth during 2022-2030, driven by the increasing demand for cosmetics and personal care products across the globe.

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Glycerol Market Share, Trends, Research | Industry Analysis 2030

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  1. Glycerol Market Share, Trends, Research | Industry Analysis 2030 Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Glycerol Market : • The global glycerol market is projected to register unprecedented growth during 2022-2030, driven by the increasing demand for cosmetics and personal care products across the globe. • Based on the recent estimations by Cosmetics Europe, the cosmetics and personal care market in Europe accounted for €80 billion (~US$79. 9 billion) at a retail sales price in 2021. The industry bestows at least €29 billion (~US$28.9 billion) of added revenues to the European economy. The emergence of several high-end cosmetics brands and ongoing research & development for new product formulations will bolster the demand for glycerol during the assessment timeframe.

  3. Continued... • The glycerol market is classified based on product type, source, application, downstream, and region. • By type, the crude glycerol segment is estimated to depict significant growth and record a sizeable valuation by 2030. Due to its high energy content, crude glycerol is extensively used in energy cogeneration processes. It is also recognized as a potent boiler fuel substitute. The development of inexpensive and efficient purification techniques which are being employed at a large scale across the biodiesel industry to leverage additional economic benefits in manufacturing secondary value-added products will increase segmental revenue in the foreseeable future. • In terms of source, the soap industry is likely to emerge as a major growth contributor, with an anticipated valuation expected to cross USD 90 million by 2030. Glycerol is produced as a derivative during the hydrolysis of several vegetable oils and animal fats in the soap manufacturing process.

  4. Browse key industry insights spread across 260 pages with 317 market data tables & figures from the report, “Glycerol Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/glycerol-market-size Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/327

  5. Continued... • The glycerol market share from tobacco humectants application surpassed USD 195 million in 2021 and is likely to exhibit over 6% CAGR during the projection period. Glycerol is recognized as a crucial ingredient across the tobacco industry to add flavor, maintain dampness of the cut tobacco filler, and increase the shelf life of manufactured cigarettes. The product has gained recognition in the European Commission's list of priority additives that demand fulfillment of several reporting obligations by the tobacco manufacturers, further propelling the glycerol market growth trends. • Regarding downstream, the acrylonitrile segment is poised to hold a notable market share and witness over 4% CAGR between 2022 and 2030. The increasing demand for acrylonitrile from a broad spectrum of applications such as acrylic fibers, ABS thermoplastic resin, nitrile rubber, and carbon fibers may boost the market growth. Besides, the growing utilization of acrylonitrile in production of thermoplastics and textile fibers may bring lucrative gains to the glycerol industry over the coming years.

  6. Continued... • Regionally, the Middle East & Africa glycerol market size is likely to expand at over 7% CAGR during the forecast timeframe and record a sizeable valuation by 2030. The regional landscape is strengthened by the emerging demand for skin care products with anti-aging, skin whitening, and anti-acne benefits. In addition, the cognizance of beauty trends and the subsequent growth of the cosmetics & personal care industry will increase the MEA glycerol market share. • Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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