1-Lauroyl-Glycerol Market Growth, Size, Industry Overview, Competitive Analysis, Regional Forecast to 2028 | Fine

Glycerol is produced from biodiesel and is consider every bit clean-burning fuel beyond a wide range of industries. Moreover, glycerol is one of the central ingredients in the manufacturing of resins and gums which are further used to produce paints and coatings. Furthermore, it is also used in personal care products due to its humectants and solvents holding.

The global glycerol market is estimated to exist valued at U.s.a.$ 2,716.59 million in 2021 and is expected to exhibit a CAGR of 7.7 % over the forecast menstruum (2021-2028).

Contempo Developments:

1. 
   1^st
   April 2020, The Growing corporeality of biodiesel produced worldwide leads to more two billion tons of glycol entering in the market place which is used in the pharmaceuticals, cosmetics & nutrient industries .The valorisation of glycol can be done by electrochemical oxidation. The electrochemical oxidation of glycol can be performed to produce electricity using fuel cell.
2. 4^th
   March 2021, Austrian refiner AMV volition build a airplane pilot constitute at its 200,000 bld schwechat refinery to produce advanced biofuels using waste product-based glycerol from 2023.The facility will use a goad to produce effectually 1.23 mnl/year of propanol from glycerol which is by-product or waste product from the production of biodiesel , Around ane.2 l of litre of crude glycerol needed to produce a litre of propanol according to AMU.
3. 25^thursday
   march 2021,scientist from the Nanyang Technological University(NTU) Singapore have made an antibacterial gel cast using the discarded husks of the popular tropical fruit Durian , By extracting loftier quality cellulose from the Durian husks & combining it with glycerol NTU Scientists created a soft gel, similar to silicon sheets which can exist cut into bandages of diverse shapes & sizes.

Asia Pacific held dominant position in the global glycerol market in 2020, bookkeeping for 45.0% share in terms of book, followed by Europe and North America, respectively.

Figure 1. Global Glycerol Market Value (US$ Mn), by Region, 2020

Drivers:

Growing consumers' preferences towards naturally sourced products and increasing demand for biodiesel from the transportation industry is augmenting the market growth of glycerol. Glycerol is one of the clean and renewable fuels, thus growing strict ecology 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 glycerol.

Increasing demand for glycerol from personal care is expected to foster market growth. It is used in the product of personal care and corrective product such as moisturizers, shampoos, toothpaste, hair conditioners, and trunk wash. In moisturizing creams, it is used to smoothen the skin by offering moisture to the pare surface. Moreover, it is also used to add to shaving creams and eye drops. The growing demand for glycerol from personal intendance is projected to propel the marketplace growth of glycerol.

Market Opportunities

Increasing use of glycerol in the pharmaceutical industry is expected to bring new market place opportunities over the forecast menses. Information technology is used in the pharmaceutical industry to excerpt and prevent the inert substance from precipitating upon standing. Moreover, the growing demand for environment-friendly products and favorable government policies is likewise contributing to the market growth of the glycerol. Thus, the growing demand for glycerol from the pharmaceutical industry is propelling market growth.

The growing utilise of glycerol as a sweetener in foods for diabetic’southward 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 glycerol as a sweetener in food products. Moreover, the increasing product of biofuels is likewise projected to offering profitable opportunities for the market place of glycerol. Hence, growing need for glycerol as a sweetener in low-carb diets and diabetic’s nutrient is projected to foster the market growth.

Market Trends

The increasing tendency of using glycerol in various processed, dairy products, canned and functional foods is expected to propel the market growth. Glycerol is used equally a sweetener, thickener, and humectants in the food formulations. Nutrient grade glycerol is produced from vegetable, animate being sources such as palm, kokosnoot, and soybean. Moreover, it is also prepared synthetically from propylene. Thus, the growing demand for processed and dairy products is projected to foster market growth.

Growing strategic partnerships and agreements among central manufacturers is one of the emerging trends in the market. For instance, in Jan 2018, Archer Daniels Midland partners with Pacific Northwest National Laboratory to produce biobased propylene glycol, an alternative to petroleum-derived PG. The biobased PG is produced from renewable, low-carbon feedstocks, including sugar alcohols from saccharide cane, corn, sunflowers, or soy.

Figure 2. Global Glycerol Market Share, By Application, 2020

Central Takeaways of the Graph:

• The Personal care & Pharmaceuticals from the applications held ascendant position in the market and accounted for 36.81% share in the global glycerol market in 2020. The segment is expected to reach US$ one,700.56 million in 2028.
• Glycerol is used in medical, pharmaceutical and personal care preparations mainly every bit a means of improving smoothness, providing lubrication, and as a humectant. It is plant in allergen immunotherapies, cough syrups, elixirs and expectorants, toothpaste, mouthwashes, peel care products, shaving foam, hair care products, glycerin soaps and water-based personal lubricants. Nitroglycerin is the most commonplace treatment for chronic angina, the chest pain of eye disease

Market Restraints

The increasing toll of vegetable oil and fatty alcohol is a major cistron hindering the market growth of the glycerol. Also, the high price of raw materials due to growing need from food and pharmaceutical applications is projected to propel the market growth of glycerol.

The plush refining process is projected to be expected to limiting the demand for glycerol. This gene is expected to hamper the market growth of the glycerol over the forecast period.

Competitive Department:

Company Names

1. Proctor & Chance Chemicals
2. Punch Corporation
3. Croda
4. Dow Chemicals
5. Godrej Industries Ltd.
6. Emery Oleochemicals
7. IOI Group
8. Kuala Lumpur Kepong Berhad
9. Wilmar International
10. Sofiprotéol Group