How Has the Glycerol Derivatives Market Evolved Historically and What is its Current Size?
The glycerol derivatives market has seen considerable growth due to a variety of factors.
• The glycerol derivatives market has seen solid growth in recent years. It is projected to rise from $16.11 billion in 2024 to $17.34 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%.
The growth is attributed to higher glycerol production, an increased focus on sustainability, rising demand from pharmaceuticals and cosmetics, and expanding uses of glycerol in various industries.
What Is The Projected Growth Of The Glycerol Derivatives Template Market?
The glycerol derivatives market is expected to maintain its strong growth trajectory in upcoming years.
• The glycerol derivatives market is set to see strong growth, reaching $22.91 billion by 2029, at a CAGR of 7.2%.
This growth is driven by a greater focus on sustainability and renewable resources, rising industrialization, more biodiesel production, increased demand for environmentally friendly chemicals, and expanding inventories. Key trends will include advanced materials, healthcare innovations, improvements in green chemistry techniques, modular and scalable production systems, and collaborations and partnerships.
What Are The Key Drivers Fueling Growth In The Glycerol Derivatives Market?
The food and beverage industry's expansion is anticipated to propel the growth of the glycerol derivatives market. The industry is growing due to urbanization, rising incomes, and health trends. Glycerol derivatives are essential in improving food product quality and consumer appeal. For example, in April 2024, the National Association of Convenience Stores reported that foodservice sales rose to 26.9% of in-store sales in 2023. Additionally, the British Soft Drinks Association noted an increase in soft drink volumes from 14,114 million liters in 2021 to 15,343 million liters in 2023, further supporting the glycerol derivatives market.
What Are The Principal Market Segments In The Global Glycerol Derivatives Industry?
The glycerol derivatives market covered in this report is segmented –
1) By Product: 4-(Hydroxymethyl)-1 3-Dioxolan-2-One, Polyglycerol, Propane-1 2 3-Triyl Triacetate, 1 3 Propanediol, Propylene Glycol, Other Products
2) By Grade: Bio-Based, Petroleum-Based
3) By End-Use: Food And Beverage, Pharmaceuticals, Cosmetics And Personal Care, Construction, Other End-Users
Subsegments:
1) By 4-(Hydroxymethyl)-1,3-Dioxolan-2-One: Industrial-Grade, Pharmaceutical-Grade
2) By Polyglycerol: Polyglycerol-4, Polyglycerol-6, Polyglycerol-10, Others
3) By Propane-1,2,3-Triyl Triacetate: Food-Grade, Pharmaceutical-Grade, Industrial-Grade
4) By 1,3 Propanediol: Bio-Based 1,3 Propanediol, Petroleum-Based 1,3 Propanediol
5) By Propylene Glycol: Food-Grade Propylene Glycol, Pharmaceutical-Grade Propylene Glycol, Industrial-Grade Propylene Glycol
6) By Other Products: Glycerol Esters, Glycerol Monoesters, Glycerol Fatty Acid Esters, Other Glycerol Derivatives
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Which Emerging Market Trends Are Altering The Glycerol Derivatives Industry?
Leading firms in the glycerol derivatives market are prioritizing the creation of unique products like wax-based pearlizers to improve the performance and attractiveness of their offerings. These additives, which employ glycerol derivatives like glycerol oleate, deliver opacity and a pearlescent glow in personal care items. In a case in point, in December 2022, Germany's BASF SE, a chemical company, introduced Euperlan NL Pearl, the premiere COSMOS-approved, wax-based pearlizer designed for rinse-off uses. This latest pearlizer is easily biodegradable and apt for ethylene oxide and sulfate-free surfactant solutions. Ingredients such as hydrogenated vegetable oil, cocamidopropyl betaine, and glyceryl oleate from natural sources comprise Euperlan NL Pearl. Glycerol oleate, a type of glycerol derivative, serves as an emollient, emulsifier, and skin conditioning agent, aiding the pearlizer's superior performance in hair care applications – this includes wet and dry combing assessments, anti-hair breakage tests, and softness tests.
Who Are the Key Players In The Glycerol Derivatives Market?
Major companies operating in the glycerol derivatives market are:
• Shell Plc
• Cargill Incorporated
• Archer Daniels Midland Company
• BASF SE
• The Procter & Gamble Company
• The Dow Chemical Company
• ThyssenKrupp AG
• Mitsubishi Chemical Corporation
• Saudi Basic Industries Corporation
• Merck KGaA
• Evonik Industries AG
• Solvay SA
• Sasol Limited
• Arkema SA
• Akzo Nobel N.V.
• Kerry Group plc
• Huntsman Corporation
• Lonza Group AG
• Nouryon
• Clariant AG
• Stepan Company
• Croda International Plc
• Tokyo Chemical Industry Co. Ltd.
• Sakamoto Yakuhin Kogyo Co. Ltd.
• Acuro Organics Limited
• Haihang Industry Co. Ltd.
What Are The Regional Insights Into The Glycerol Derivatives Market?
Asia-Pacific was the largest region in the glycerol derivatives market in 2023. The regions covered in the glycerol derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
