How Has the Polyglycerol Market Size Evolved in Recent Years?
The polyglycerol market has seen considerable growth due to a variety of factors.
• The size of the polyglycerol market has seen robust growth in the last few years. It is projected to increase from $2.48 billion in 2024 to $2.7 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. The historical growth in this market can be credited to factors such as the surge in demand for biodegradable goods, heightened consumer consciousness, regulatory backing, growth of the personal care industry, and higher investments in research and development.
What Is The Forecast For The Polyglycerol Template Market?
The Polyglycerol market is expected to maintain its strong growth trajectory in upcoming years.
• It is anticipated that the polyglycerol market will demonstrate robust growth in the upcoming years, with predictions suggesting it will reach a value of $3.88 billion in 2029, enjoying a compound annual growth rate (CAGR) of 9.6%.
This growth within the forecast period can be linked to the rise in biopolymer applications, advancements in the field of green chemistry, the burgeoning cosmeceuticals industry, and an expanding pharmaceutical sector. Noteworthy trends projected for the forecast period include the popularity of bio-based material, innovations in surfactants, the effect of worldwide population growth, an increase in consumer desire for sustainable products, as well as an uptick in partnerships and collaborations.
What Are The Essential Drivers Behind The Growth Of The Polyglycerol Market?
The polyglycerols market is projected to grow, driven by its increasing utilization in the healthcare sector. The healthcare sector encompasses firms that provide medical services, manufacture medical equipment or pharmaceuticals, offer medical insurance, and deliver patient care. Polyglycerols are commonly used as emulsifiers, dispersants, and penetrants in medications, as well as emulsifiers for ointments, tablets, oral fluids, and injections. This escalating usage of polyglycerols in the healthcare sector is propelling the growth of the polyglycerols market. To illustrate, in March 2022, the Centres for Medicare & Medicaid Services (CMS) - an American federal agency within the United States Department of Health and Human Services, stated in their published National Health Expenditure (NHE) report that the yearly rise in the national health spending was forecasted to average 5.1%, hitting around USD 6.8 trillion by 2030. Hence, the growing usage of polyglycerols in the healthcare industry is boosting the polyglycerols market expansion.
How Is The Global Polyglycerol Market Divided Into Key Segments?
The polyglycerol market covered in this report is segmented –
1) By Type: Polyglycerol Polyricinoleate, Polyglycerol Esters, Polyglycerol Sebacate
2) By Application: Food Additives, Emulsifiers, Stabilizers, Other Applications
3) By End-Use: Food And Beverage, Personal Care And Cosmetics, Pharmaceuticals, Other End Users
Subsegments:
1) By Polyglycerol Polyricinoleate: Food Grade, Industrial Grade
2) By Polyglycerol Esters: Polyglycerol Monostearate, Polyglycerol Distearate, Polyglycerol Tristearate
3) By Polyglycerol Sebacate: Cosmetic Grade: Pharmaceutical Grade
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What Trends Are Reshaping The Future Of The Polyglycerol Market?
In the polyglycerol market, a significant trend gaining traction is product innovation. The primary strategy of major entities in the polyglycerol sector is to generate novel solutions to maintain their market stance. For example, in October 2023, BASF SE, a chemical firm based in Germany, introduced a bio-based polymer named EcoPAX. This product is conceptualized for use in eco-friendly packaging solutions, providing superior performance while lessening environmental footprints. Derived from renewable resources, EcoPAX seeks to cater to the escalating demand for green materials in the packaging sector.
Who Are the Key Players In The Polyglycerol Market?
Major companies operating in the polyglycerol market include:
• Sakamoto Yakuhin kogyo Co Ltd.
• Spiga Nord S p A
• Lonza Group
• Taiyo Kagaku Co Ltd.
• Estelle Chemicals Pvt Ltd.
• SPELL ORGANICS LTD
• Oleon NV
• Croda International Plc
• Binzhou GIN&ING New Material Technology
• Abitec Corporation
• Daicel Corporation
• Riken Vitamin Co. Ltd.
• Cargill Incorporated
• Savannah Surfactants
• INOVYN
• BASF SE
• NOVEL CHEM
• Jinan Dowin Chemical Technology Co Ltd.
• Mitsubishi Chemical Holdings Corporation
• Mohini Organics Pvt Ltd.
• Palsgaard
• DuPont
• Foodchem International Corporation
• Venus Ethoxyethers Pvt. Ltd
• Stepan Company
• Merck KGaA
• Procter & Gamble
• Solvay S.A.
• Unilever plc
What Are The Regional Insights Into The Polyglycerol Market?
Asia-Pacific was the largest region in the polyglycerol market in 2024. The regions covered in the polyglycerol market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
