The global glycerin market is forecast to reach USD 4,603.0 Million by 2028, according to a new report by Reports and Data. Glycerin or Glycerine is a simple polyol organic compound having multiple hydroxyl groups with a clear, odorless, viscous liquid formation. This viscous liquid naturally comes with a sweet taste. It is derived from both natural and synthetic sources. Glycerin is widely obtained through the transesterification process where animal fats or vegetable oils are mixed with alcohol in the presence of a catalyst. The global glycerin market is growing at a substantial pace due to the growing demand for glycerin in consumer goods applications such as personal care, cosmetics, tobacco humectants and personal lubricants, to name a few. The refined glycerin is extensively in demand as the traditional market such as consumer goods and food & beverages are solely dependent upon refined glycerin.

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Further key findings from the report suggest

Nitroglycerin, an essential ingredient used in the processing of various explosives such as dynamite, gelignite, and the smokeless propellants namely cordite, requires glycerin as the chemical intermediate.
The food-grade edible glycerin is used in the low-fat frozen yogurts, icy desserts, and ice creams, among others. The glycerin are used to prevent the formation of the ice crystals in the frozen foods. The food & beverages segment is expected to grow at a CAGR of 4.8% in the period 2020 to 2028.
Refined glycerin is substantially being in demand as the consumption of glycerin-based consumer goods are significantly rising and most of those products are made from refined glycerin. The refined glycerin sub-segment was valued USD 1.85 Billion in 2018. China is the largest consumer of the global refined glycerin.
Glycerine which comes as a product of chemical reactions beginning with synthetic source, and petroleum, fall under this sub-segment. However, the market for this sub-segment synthetic glycerine is expected to gradually diminish in the forthcoming period, since the natural source of glycerin is readily available as a byproduct of several industrial usage.
Key participants include Wilmar International Ltd., Godrej Industries, Croda International PLC, P&G Chemicals, Emery Oleochemicals, Cargill Incorporated, IOI Oleo GmbH, Dow Chemical Company, Kuala Lumpur Kepong Berhad, and KAO Corporation.
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Type of Glycerin Outlook (Revenue, USD Billion; Unit, Million Tons 2018-2028)

Crude
Refined
Processing Outlook (Revenue, USD Billion; Unit, Million Tons 2018-2028)

Transesterification
Saponification
Fat Splitting
Source Outlook (Revenue, USD Billion; Unit, Million Tons 2018-2028)

Vegetable Oil
Petroleum
Animal Fat
Soaps
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Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of the Glycerin Market

– Changes in industry market dynamics

– Detailed market segmentation by type, application, etc.

– Historical, current and projected market size in terms of quantity and value

– Recent industry trends and developments

– Competition situation of Glycerin Market

– Key companies and product strategies

– Potential niche segment/region showing promising growth.

Finally, the Glycerin Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.

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