Glycerol Derivatives Market Size Worth $ 27.67 Billion By 2032 | CAGR: 6.2%

Glycerol Derivatives Market Size Worth $ 27.67 Billion By 2032 | CAGR: 6.2%


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.

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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

Glycerol Derivatives Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 16.12 billion

Revenue forecast in 2032

USD 27.67 billion

CAGR

6.2% from 2023 – 2032

Base year

2022

Historical data

2019– 2022

Forecast period

2023– 2032

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2032

Segments covered

By Grade, By Product, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key companies

Colgate, 3M, Dentsply Sirona, VOCO, Philips, DÃœRRDENTAL, Ultradent Products, Young Dental, DMG Dental, IvoclarVivadent, Water Pik, Medicom, Centrix, GC Corporation, MPL, Preventech, Premier Dental, Pulpdent Corporation, Elevate Oral Care, and other.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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