Pharmaceutical, personal care, and cosmetic products all use refined grade glycerin. The density, viscosity, and freezing point of product formulations are all increased by glycerin. Demand for glycerin is anticipated to increase over the projected period as end-use industries for refined glycerin expand internationally. For instance, according to the Economic Department of the Government of India's Consulate General of Israel in Mumbai, the Indian beauty and personal care market was estimated to be worth around US$ 7.0 billion in 2014 and is projected to be worth about US$ 10.0 billion by 2021. Due to the expansion of end use industries like food & beverage and cosmetics there, North America is anticipated to hold a sizable market position in the global glycerin market during the forecast period. Glycerin is a solvent, humectant, and artificial sweetener used in the food and beverage business. Glycerin is also utilised as a filler in processed low-fat foods and as a thickening ingredient in liqueurs. As a result, throughout the forecast period, growth of the food and beverage industry in the area is anticipated to fuel growth of the glycerin market.
Coherent Market Insights estimates that during the forecast period of 2021–2028, the Global Glycerine Market is anticipated to increase by $2.53 billion from $1.76 billion to $2.53 billion, representing a CAGR of 5.3%.
Top Companies in the Glycerin Industry:
1. Emery Oleochemicals
The company was founded in 1840 and is based in Cincinnati, Ohio, USA. Natural-source oleochemical basestocks are produced by Emery Oleochemicals LLC. Fatty acids, glycerin, triacetin, ozone acids, plastic additives, and ester-based oilfield chemicals are just a few of the products that the company sells. Emery Oleochemicals is excited to announce the launch of INFIGREEN® 420R as a new product in April 2022.
2. IOI Oleochemicals
The firm was founded in 1970 and is located in Hamburg, Germany. The business cultivates oil palms, fatty acids, glycerine, soap noodles, esters, and metallic stearates in addition to manufacturing chemicals. One of the biggest producers of oleochemicals is IOI Oleochemical, which primarily manufactures and sells fatty acids, glycerine, soap noodles,
3. Godrej Industries
The company was started in 1897 and is based in Maharashtra. Alpha Olefin Sulphonate, Fatty Acids, and Glycerin, among other speciality chemical compounds, are produced by Godrej Industries Limited. The business has substantial stakes in consumer goods, real estate, agriculture, and chemicals.
4. Wilmar International
The business was founded in 1991 and is based in Singapore. The business serves as a food processor and provides sugar, flour, and rice in addition to oil palm production, edible oil refining, crushing, and gains processing services. Wilmar International was incorporated into the Dow Jones Sustainability Indices (DJSI) for the food, beverage, and tobacco business in the Asia Pacific region in 2020.
5. P&G Chemicals
The business was founded in 1837 and is based in Cincinnati, Ohio, U.S. The business produces and sells consumer goods. The business offers goods in the paper, food and beverage, health care, paper, laundry and cleaning, and beauty care areas. Procter & Gamble provided aid to Hurricane Ian victims in Southwest Florida in 2022 through P&G products and Tide Loads of Hope laundry services.
6. Kao Corporation
The company was founded in 1887 and is located in Chuo City, Tokyo, Japan. The company manufactures fatty chemicals, edible oils, cosmetic and personal care items, laundry, cleaning and hygiene goods, as well as speciality chemicals. Kao released a biodiversity report in April 2023 based on the TNFD Framework.
7. Cargill, Incorporated
The company was established in 1865 and has its main office in Minnesota, U.S. Products for agriculture are offered by Cargill, Inc. The business raises grains and oilseeds, provides tools and services for risk management to farmers, and produces animal nutrition, biofuels, meat and poultry, food, and industrial items. Cargill finalised the purchase of Owensboro Grain Company in January 2023.
*Definition: Trihydroxyalcohol, or glycerin, is an alternative name for this substance. It is a thick liquid that has a sweet flavour and is odourless, colourless, or slightly brown. It is mostly produced as a by-product in two distinct industrial processes, hydrolysis and transesterification of fatty acids.
