GLYCEROL MARKET ANALYSIS

Market Challenges And Opportunities

Drivers

• Increasing demand for biodiesel

Growing consumers' preferences towards naturally-sourced products and the increasing demand for biodiesel from the transportation industry is augmenting the market growth of global glycerol market. Glycerol is a clean and renewable fuel, thus growing strict environmental rules & regulations associated with carbon emissions is driving demand for biodiesel. Hence, the growing demand for naturally-sourced products among consumers is projected to foster the market growth of global glycerol market.

Market Opportunities

• Pharmaceutical industry

The increasing use of glycerol in the pharmaceutical industry is expected to bring new market growth opportunities over the forecast period. It is used in the pharmaceutical industry to extract and prevent the inert substance from precipitating upon standing. Moreover, the growing demand for environment-friendly products and favorable government policies is also contributing to the market growth of the global glycerol market. Thus, the growing demand for glycerol from the pharmaceutical industry is propelling the market growth.

• Food & Beverage industry

The growing use of glycerol as a sweetener in foods for diabetic patients is expected to serve major opportunities in the near future. The growing prevalence of lifestyle diseases such as diabetes is again expected to drive the demand for glycerol as a sweetener in food products. Moreover, the increasing production of biofuels is also projected to offer profitable opportunities for the market of global glycerol market. Hence, the growing demand for glycerol as a sweetener in low-carb diets and diabetic food is projected to foster the market growth.

Market Restraints

• Increasing price of vegetable oil and fatty alcohol

 The increasing price of vegetable oil and fatty alcohol is a major factor hindering the market growth of the global glycerol market. Furthermore, the high price of raw materials due to the growing demand from food and pharmaceutical applications is projected to propel the market growth of global glycerol market.

The costly refining process is projected to be expected to limit the demand for glycerol. This factor is expected to hamper the market growth of the global glycerol market over the forecast period.