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What are the latest figures on the glycerol derivatives market’s size and projected CAGR?
The glycerol derivatives market size has grown strongly in recent years. It will grow from $16.11 billion in 2024 to $17.34 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increased production of glycerol, increased focus on sustainability and reducing carbon footprint, increased demand from pharmaceuticals and cosmetics, and growth for the utilization of glycerol.
The glycerol derivatives market size is expected to see strong growth in the next few years. It will grow to $22.91 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to increasing focus on sustainability and renewable resources, growing industrialization, increasing production of biodiesel, and growing demand for environmentally friendly chemicals, and increasing inventories. Major trends in the forecast period include advanced materials, healthcare innovations, advancements in green chemistry techniques, modular and scalable production systems, and collaboration and partnerships.
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How have varous drivers impacted the growth of the glycerol derivatives market?
The increasing food and beverage industry is expected to propel the growth of the glycerol derivatives market going forward. The food and beverage industry refers to the sector that involves the production, processing, distribution, and sale of food and drink products. The food and beverage industries are increasing due to urbanization, economic growth, rising incomes, health and wellness trends, globalization, and social media influence. Glycerol derivatives are integral to the food and beverage industry, offering a wide range of functionalities that improve product quality, stability, and consumer appeal. For instance, in April 2024, according to the data published by the National Association of Convenience Stores (NACS), a US-based trade association, total industry foodservice sales made up 26.9% of in-store sales in 2023, rising from 25.6% in 2022, with prepared food sales increasing by 12.2% per store per month, making it the leading in-store category. Additionally, in in May 2024, according to the 2024 ANNUAL REPORT published by the British Soft Drinks Association, a UK-based trade association, the total volume of soft drinks consumed increased from 14,114 million liters in 2021 to 15,343 million liters in 2023, with an intermediate total of 14,912 million liters in 2022. Therefore, the increasing food and beverage industry is driving the growth of the glycerol derivatives market.
What are the primary segments of the glycerol derivatives market?
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 firms are leading 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.
How will industry trends affect the trajectory of the glycerol derivatives market?
Major companies operating in the glycerol derivatives market are focusing on developing innovative products, such as wax-based pearlizers, to enhance the functionality and appeal of their offerings. Wax-based pearlizers are additives that utilize glycerol derivatives, such as glycerol oleate, to achieve opacifying and pearlescent effects in personal care products. For instance, in December 2022, BASF SE, a Germany-based chemical company, launched Euperlan NL Pearl, the first COSMOS-compliant, wax-based pearlizer made for rinse-off applications. This new pearlizer is readily biodegradable and suitable for ethylene oxide and sulfate surfactant-free solutions. Euperlan NL Pearl is composed of naturally derived ingredients such as hydrogenated vegetable oil, cocamidopropyl betaine, and glyceryl oleate. This glycerol derivative, glyceryl oleate, acts as an emulsifier, emollient, and skin conditioning agent, contributing to the pearlizer’s excellent performance in hair care applications, including wet and dry combing tests, anti-hair breakage measurements, and suppleness tests.
Which geographic trends are shaping the glycerol derivatives market, and which region has the highest market share?
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.
What Does The Glycerol Derivatives Market Report 2025 Offer?
The glycerol derivatives market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Glycerol derivatives refer to a variety of chemical compounds that are derived from glycerol, also known as glycerin or propane-1,2,3-triol. It is a simple polyol compound with three hydroxyl (OH) groups, and through chemical or enzymatic processes, it can undergo various reactions to yield different derivatives.
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