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Glycerin Market by Process (Transesterification, Saponification, Fat Splitting), Source (Vegetable Oils, Biodiesel, Soaps, Synthetic), Application (Industrial, Chemical intermediates), Grade, Region - Global Forecast to 2021

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Date: 26-Apr-2017
No. of pages: 151
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“The glycerin market is projected to register a CAGR of 6.8% during the forecast period in terms of value”

The global glycerin market is projected to reach USD 3.12 billion by 2021, at a CAGR of 6.8% from 2016 to 2021, in terms of value. The global glycerin industry is witnessing growth due to increasing applications, technological advancements, and increasing demand in the Asia-Pacific region, mainly from China, India, and South East Asia. The single most long term growth potential for glycerin in the personal care segment is from the rapid urbanization, increasing disposable incomes, and growing preference for natural ingredients among consumers. However, oversupply and low profitability may hamper the growth of the glycerin market.   

“Demand for technical grade is expected to witness the fastest growth over the next five years”

Technical grade glycerin is a refined and purified product, and requires the glycerin to be minimum 98% pure, with no traces of methanol, salts, or any other contaminants. Technical grade glycerin acts as a platform chemical for the production of chemical intermediates. Increased use of chemicals such as 1,3 propanediol, alkyd resins, propylene glycol, and epichlorohydrin in end-use industries such as tobacco, furniture, construction, and paint & coatings is expected to drive the technical grade glycerin market.

“Industrial applications represent the bulk of the demand for glycerin”

High demand for glycerin in toothpaste, facial creams, and other cosmetics is expected to benefit its market in the personal care industry during the forecast period. Glycerin is used for pharmaceutical and medical preparations, mainly as means for improving smoothness, providing lubrication, and humectants. It is used in cough syrups, elixirs, and expectorants. Glycerin is used for excipient uses only in the personal care industry, and serves as an humectant, solvent, and lubricant. It is used as a moisturizing agent in facial creams and other cosmetic products to keep the skin soft and replace skin moisture. It is the basic media for toothpaste which maintains its desired smoothness and viscosity and gives shine to the paste.

“Asia-Pacific glycerin market is expected to witness high growth during the forecast period”

Factors influencing the demand in chemical intermediates manufacturing in the Asia-Pacific region include an increasing demand for glycerin as a platform chemical, especially from China, which is expected to boost demand. Population growth coupled with increasing disposable incomes in the region is also expected to lead to an increase in demand for glycerin in oral care, personal & beauty care, and cosmetic products.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted as follows:


  • By Company Type: Tier 1 (48%), Tier 2 (40%), and Tier 3 (12%).

  • By Designation: C-level (67%) and Manager Level (33%)

  • By Region: Asia-Pacific (50%),North America (25%), Europe (8%)and rest of the world (17%).


The key players considered in the report are:


  • Emery Oleochemicals

  • IOI Oleochemicals

  • Wilmar International

  • KLK Berhad

  • Godrej Industries

  • Croda International Plc

  • Cargill Incorporated

  • P&G Chemicals

  • Kao Corporation

  • Avril Group

  • Others


Research Coverage:

This report covers the glycerin market, both, in terms of volume and value, and forecasts the market size till 2021. The report includes the market segmentation based on process, source, grade, application, and region. It also provides company profiles and competitive strategies adopted by the key players in the global glycerin market.

Key benefits of buying the report:

This research report is focused on various levels of analyses—industry trends, market share analysis of key players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the glycerin market; high-growth regions; and market drivers, restraints, and opportunities.

Glycerin Market by Process (Transesterification, Saponification, Fat Splitting), Source (Vegetable Oils, Biodiesel, Soaps, Synthetic), Application (Industrial, Chemical intermediates), Grade, Region - Global Forecast to 2021

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Glycerin Market
4.2 Glycerin Market Growth, By Region
4.3 Glycerin Market, 2015
4.4 Glycerin Market Attractiveness
4.5 Glycerin Market, By Source

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Process
5.2.2 By Source
5.2.3 By Grade
5.2.4 By Application
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increased Demand for Glycerin Across Various End-Use Industries
5.3.1.2 Increased Demand for Biodiesel
5.3.1.3 Substitution Potential for Propylene Glycol and Sorbitol in Their Respective Applications
5.3.2 Restraints
5.3.2.1 Oversupply of Glycerin and Low Profitability
5.3.3 Opportunities
5.3.3.1 Emergence of Newer Applications
5.3.4 Challenges
5.3.4.1 Costly Refining Process
5.4 Impact Analysis
5.4.1 Short-Term Outlook
5.4.2 Mid-Term Outlook
5.4.3 Long-Term Outlook

6 Industry Trends
6.1 Introduction
6.2 Supply Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
6.4 Macroeconomic Overview and Key Drivers
6.4.1 Introduction
6.4.2 Automotive
6.4.3 Food Industry
6.4.4 Healthcare Industry

7 Crude Glycerin Market
7.1 Introduction

8 Glycerin Market, By Process
8.1 Introduction
8.2 Transesterification
8.2.1 Acid Catalyzed Transesterification
8.2.2 Base Catalyzed Transesterification
8.2.3 Enzymatic Catalyzed Transesterification
8.3 Saponification
8.4 Fat Splitting

9 Glycerin Market, By Source
9.1 Introduction
9.2 Vegetable Oils
9.3 Biodiesel
9.4 Soaps
9.5 Synthetic

10 Glycerin Market, By Grade
10.1 Introduction
10.2 Technical Grade
10.3 Pharmaceutical Grade

11 Glycerin Market, By Application
11.1 Introduction
11.2 Industrial Application
11.2.1 Pharmaceuticals & Healthcare
11.2.2 Food & Beverages
11.2.3 Personal Care
11.2.4 Automotive
11.2.5 Polyether Polyols
11.2.6 Alkyd Resins
11.2.7 Tobacco
11.2.8 Other Applications
11.3 Chemical Intermediate
11.3.1 Propylene Glycol
11.3.2 Epichlorohydrin
11.3.3 1,3 Propanediol
11.3.4 Acrolein
11.3.5 Glycerol Carbonate
11.3.6 Glycol Substitute
11.3.7 Others

12 Glycerin Market, By Region
12.1 Introduction
12.2 North America
12.2.1 U.S.
12.2.2 Mexico
12.2.3 Canada
12.3 Europe
12.3.1 Germany
12.3.2 France
12.3.3 U.K.
12.3.4 Spain
12.3.5 Netherlands
12.3.6 Belgium
12.3.7 Hungary
12.3.8 Poland
12.3.9 Rest of Europe
12.4 Asia-Pacific
12.4.1 China
12.4.2 India
12.4.3 Japan
12.4.4 Thailand
12.4.5 Malaysia
12.4.6 South Korea
12.4.7 Rest of Asia-Pacific
12.5 Middle East & Africa
12.5.1 Saudi Arabia
12.5.2 South Africa
12.5.3 Rest of Middle East & Africa
12.6 South America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Chile
12.6.4 Colombia
12.6.5 Rest of South America

13 Competitive Landscape
13.1 Overview
13.2 Competitive Situation and Trends
13.3 Market Share Analysis of the Global Glycerin Market in 2015
13.4 Competitive Landscape
13.4.1 New Product Launches
13.4.2 Mergers and Acquisitions
13.4.3 Expansions
13.4.4 Partnerships, Collaborations, and Agreements

14 Company Profiles
(Overview, Financial*, Products & Services, Strategy, and Developments)
14.1 Emery Oleochemicals
14.2 IOI Oleochemicals
14.3 Wilmar International Ltd.
14.4 Kuala Lumpur Kepong Berhad
14.5 Godrej Industries
14.6 Croda International PLC
14.7 Cargill Incorporated
14.8 P&G Chemicals
14.9 KAO Corporation
14.10 Avril Group
14.11 The DOW Chemical Company (Olin Corporation)
14.12 Cremer Oleo GmbH & Co. Kg
14.13 PT Smart TBK
14.14 Vitusa Products Inc.
14.15 PT. Bakrie Sumatera Plantations TBK
14.16 Twin Rivers Technologies Inc.
14.17 Pacific Oleochemicals Sdn Bhd
14.18 PT Sumi Asih Oleochemicals Industry
14.19 Vegetable Vitamin Foods Company (VVF)
14.20 Sakamoto Yakuhin Kogyo Co., Ltd.
14.21 PT Cisadane Raya Chemicals
14.22 Timur Oleochemicals

*Details Might Not Be Captured in Case of Unlisted Companies.

15 Appendix
15.1 Insights of Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: Marketsandmarkets Subscription Portal
15.4 Introducing RT: Real-Time Market Intelligence
15.5 Available RT Snapshot
15.6 Related Reports
15.7 Author Details

List of Tables

Table 1 Glycerin Market Size, By Type, 2014–2021 (Kiloton)
Table 2 Crude Glycerin Market Size, By Application, 2014–2021 (Kiloton)
Table 3 Glycerin Market Size, By Process, 2014–2021 (Kiloton)
Table 4 Glycerin Market Size, By Process, 2014–2021 (USD Million)
Table 5 Glycerin Market Size, By Transesterification Process, 2014–2021 (Kiloton)
Table 6 Glycerin Market Size, By Transesterification Process, 2014–2021 (USD Million)
Table 7 Glycerin Market Size, By Source, 2014–2021 (Kiloton)
Table 8 Glycerin Market Size, By Source, 2014–2021 (USD Million)
Table 9 Glycerin Market Size, By Grade, 2014–2021 (Kiloton)
Table 10 Glycerin Market Size, By Grade, 2014–2021 (USD Million)
Table 11 Glycerin Market Size, By Application, 2014–2021 (Kiloton)
Table 12 Glycerin Market Size, By Application, 2014–2021 (USD Million)
Table 13 Glycerin Market Size in Industrial Application, 2014–2021 (Kiloton)
Table 14 Glycerin Market Size in Industrial Application, 2014–2021 (USD Million)
Table 15 Glycerin Market Size in Pharmaceutical & Healthcare Application, 2014–2021 (Kiloton)
Table 16 Glycerin Market Size in Pharmaceutical & Healthcare Application, 2014–2021 (USD Million)
Table 17 Glycerin Market Size in Food & Beverages Application, 2014–2021 (Kiloton)
Table 18 Glycerin Market Size in Food & Beverages Application, 2014–2021 (USD Million)
Table 19 Glycerin Market Size in Personal Care Application, 2014–2021 (Kiloton)
Table 20 Glycerin Market Size in Personal Care Application, 2014–2021 (USD Million)
Table 21 Glycerin Market Size in Automotive Application, 2014–2021 (Kiloton)
Table 22 Glycerin Market Size in Automotive Application, 2014–2021 (USD Million)
Table 23 Glycerin Market Size in Other Applications, 2014–2021 (Kiloton)
Table 24 Glycerin Market Size in Other Applications, 2014–2021 (USD Million)
Table 25 Glycerin Market Size in Chemical Intermediates, 2014–2021 (Kiloton)
Table 26 Glycerin Market Size in Chemical Intermediates, 2014–2021 (USD Million)
Table 27 Glycerin Market Size, By Region, 2014–2021 (Kiloton)
Table 28 Glycerin Market Size, By Region, 2014–2021 (USD Million)
Table 29 North America: Glycerin Market Size, By Country, 2014–2021 (Kiloton)
Table 30 North America: Glycerin Market Size, By Country, 2014–2021 (USD Million)
Table 31 North America: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 32 North America: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 33 U.S.: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 34 U.S.: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 35 Mexico: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 36 Mexico: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 37 Canada: Glycerin Market Size, By Industrial Application, 2014–2021 (Ton)
Table 38 Canada: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Thousand)
Table 39 Europe: Glycerin Market Size, By Country, 2014–2021 (Kiloton)
Table 40 Europe: Glycerin Market Size, By Country, 2014–2021 (USD Million)
Table 41 Europe: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 42 Europe: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 43 Germany: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 44 Germany: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 45 France: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 46 France: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 47 U.K.: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 48 U.K.: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 49 Spain: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 50 Spain: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 51 Netherlands: Glycerin Market Size, By Industrial Application, 2014–2021 (Ton)
Table 52 Netherlands: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Thousand)
Table 53 Belgium: Glycerin Market Size, By Industrial Application, 2014–2021 (Ton)
Table 54 Belgium: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Thousand)
Table 55 Hungary: Glycerin Market Size, By Industrial Application, 2014–2021 (Ton)
Table 56 Hungary: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Thousand)
Table 57 Poland: Glycerin Market Size, By Industrial Application, 2014–2021 (Ton)
Table 58 Poland: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Thousand)
Table 59 Rest of Europe: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 60 Rest of Europe: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 61 Asia-Pacific: Glycerin Market Size, By Country, 2014–2021 (Kiloton)
Table 62 Asia-Pacific: Glycerin Market Size, By Country, 2014–2021 (USD Million)
Table 63 Asia-Pacific: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 64 Asia-Pacific: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 65 China: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 66 China: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 67 India: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 68 India: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 69 Japan: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 70 Japan: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 71 Thailand: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 72 Thailand: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 73 Malaysia: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 74 Malaysia: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 75 South Korea: Glycerin Market Size, By Industrial Application, 2014–2021 (Ton)
Table 76 South Korea: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Thousand)
Table 77 Rest of Asia-Pacific: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 78 Rest of Asia-Pacific: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 79 Middle East & Africa: Glycerin Market Size, By Country, 2014–2021 (Kiloton)
Table 80 Middle East & Africa: Glycerin Market Size, By Country, 2014–2021 (USD Million)
Table 81 Rest of Middle East & Africa: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 82 Rest of Middle East & Africa: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 83 Saudi Arabia: Glycerin Market Size, By Industrial Application, 2014–2021 (Ton)
Table 84 Saudi Arabia: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Thousand)
Table 85 South Africa: Glycerin Market Size, By Industrial Application, 2014–2021 (Ton)
Table 86 South Africa: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Thousand)
Table 87 Rest of Middle East & Africa: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 88 Rest of Middle East & Africa: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 89 South America: Glycerin Market Size, By Country, 2014–2021 (Kiloton)
Table 90 South America: Glycerin Market Size, By Country, 2014–2021 (USD Million)
Table 91 South America: Glycerin Market Size, By Industrial Application, 2014–2021 (Kiloton)
Table 92 South America: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Million)
Table 93 Brazil: Glycerin Market Size, By Industrial Application, 2014–2021 (Ton)
Table 94 Brazil: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Thousand)
Table 95 Argentina: Glycerin Market Size, By Industrial Application, 2014–2021 (Ton)
Table 96 Argentina: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Thousand)
Table 97 Chile: Glycerin Market Size, By Industrial Application, 2014–2021 (Ton)
Table 98 Chile: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Thousand)
Table 99 Colombia: Glycerin Market Size, By Industrial Application, 2014–2021 (Ton)
Table 100 Colombia: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Thousand)
Table 101 Rest of South America: Glycerin Market Size, By Industrial Application, 2014–2021 (Ton)
Table 102 Rest of South America: Glycerin Market Size, By Industrial Application, 2014–2021 (USD Thousand)
Table 103 New Product Launches, 2014–2017
Table 104 Mergers and Acquisitions, 2014–2017
Table 105 Expansions, 2014–2017
Table 106 Partnerships, Collaborations, and Agreements, 2014–2017

List of Figures

Figure 1 Glycerin Market Segmentation
Figure 2 Glycerin Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Glycerin Glycerin Market: Data Triangulation
Figure 6 Transesterification to Lead Glycerin Market, During Forecast Period
Figure 7 Biodiesel to Lead Glycerin Market, During the Forecast Period
Figure 8 Technical Grade to Register Higher CAGR, During the Forecast Period
Figure 9 Industrial Application to Lead Glycerin Market, During Forecast Period
Figure 10 Asia-Pacific Led Glycerin Market in 2015
Figure 11 Glycerin Market to Witness Rapid Growth From 2016 to 2021
Figure 12 Asia-Pacific to Lead the Glycerin Market, 2016–2021
Figure 13 China Accounted for Largest Share, in Terms of Value, of the Glycerin Market, 2015
Figure 14 Asia-Pacific to Be the Fastest-Growing Glycerin Market From 2016 to 2021
Figure 15 Biodiesel to Account for the Largest Share in the Glycerin Market, 2016–2021
Figure 16 Factors Governing Glycerin Market
Figure 17 Factors Influencing the Glycerin Market
Figure 18 Glycerin: Supply Chain Analysis
Figure 19 China Was the Largest Producer of Cars and Commercial Vehicles in 2016
Figure 20 China Had the Largest Food Production in 2015
Figure 21 Healthcare Expenditure Contribution to Total GDP, 2014
Figure 22 Transesterification Expected to Lead the Glycerin Market, During the Forecast Period
Figure 23 Biodiesel Expected to Lead the Glycerin Market, Between 2016 and 2021
Figure 24 Technical Grade is Expected to Lead the Glycerin Market Between 2016 and 2021
Figure 25 Industrial Application to Lead the Glycerin Market Between 2016 and 2021
Figure 26 Regional Snapshot (2016–2021): Emerging Markets are the New Hotspots
Figure 27 Europe Market Snapshot: Personal Care to Be the Largest Industrial Application of Glycerin
Figure 28 Asia-Pacific Market Snapshot: China to Be the Largest Consumer of Glycerin
Figure 29 Mergers & Acquisitions Was the Most Preffered Growth Strategy Adopted By Major Players From 2014 to 2017
Figure 30 2015 Was Observed to Be the Most Active in Terms of Strategic Developments in the Glycerin Market
Figure 31 Battle for Market Share: Mergers & Acquisitions Was the Key Strategy (2014–2017)
Figure 32 Top 6 Market Players Account for Less Than Half of the Market Share in 2015
Figure 33 Emery Oleochemicals: SWOT Analysis
Figure 34 IOI Oleochemicals: Company Snapshot
Figure 35 IOI Oleochemicals: SWOT Analysis
Figure 36 Wilmar International Ltd.: Company Snapshot
Figure 37 Wilmar International: SWOT Analysis
Figure 38 Kuala Lumpur Kepong Berhad: Company Snapshot
Figure 39 Kuala Lumpur Kepong Berhad: SWOT Analysis
Figure 40 Godrej Industries: Company Snapshot
Figure 41 Godrej Industries: SWOT Analysis
Figure 42 Croda International PLC: Company Snapshot
Figure 43 Cargill Incorporated: Company Snapshot
Figure 44 P&G: Company Snapshot
Figure 45 KAO Corporation: Company Snapshot

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