According to the research report titled ‘Global Glycerin Market Size study, by Process (Transesterification, Saponification, and Fat Splitting), By Source (Vegetable Oils, Biodiesel, Soaps, and Synthetic), By Grade (Technical Grade, and Pharmaceutical Grade), By Application (Industrial, and Chemical Intermediate), and Regional Forecasts 2020-2027’, available with Market Study Report, global glycerin market is expected to record a strong CAGR during 2020-2027.
 

Global glycerin market is primarily driven by factors such as soaring demand for anti-aging cosmetics and the desire to look young and beautiful among individuals, along with rising cognizance regarding skin challenges and focus on maintaining even skin tone.
 

For those unversed, glycerin is a well-known humectant used in various end use sectors such as manufacturing, chemical, pharmaceuticals, and personal care. Notably, manufacturers of glycerin supply the product either in a crude or refined form, both of which vary in terms of purity. Additionally, the availability of glycerin in both pharma &food grade as well as technical grade amplifies its application range.
 

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Glycerin is primarily added in cosmetics and personal care products for enhancing the smoothness and moisture content of the skin. It is used in sunscreen, lipstick, hair care, facial therapy, shaving cream, body lotion, facial moisturizer, etc. It acts as a moisturizing agent that prevents cosmetic products from losing premature moisture and has a cooling effect on the skin, further augmenting global glycerin industry share.
 

Growing preference for bio-renewable chemicals and increasing demand for sustainable fuels in North America and Europe has steadily increased the use of biodiesel. Furthermore, increasing concerns about worldwide climatic changes, stable energy scenario, and changing crude oil prices, are boosting the demand for biodiesel, in turn augmenting the market growth.
 

Based on process, worldwide glycerin market is split into fat splitting, saponification, and transesterification. Speaking of source type, the industry is segmented into synthetic, soaps, biodiesel, and vegetable oils. As per grade, the market is categorized into pharmaceutical grade, and technical grade. Moving on to application scope, the industry is classified into chemical intermediate, and industrial.
 

Speaking of the geographical spectrum, Asia Pacific glycerin industry is slated to grow substantially over 2020-2027, creditable to consumer inclination towards personal care products. Besides, surging demand from chemical intermediate manufacturers, particularly in China, will boost the regional market outlook.
 

Established firms in global glycerin market are Avril Group, KAO Corporation, P&G Chemicals, Cargill Incorporated, Croda International plc, Godrej Industries Ltd., Kuala Lumpur Kepong Berhad, Wilmar International Ltd., IOI Pan-Century Oleochemicals Sdn Bhd, and Emery Oleochemicals.