Bullish demand from pharmaceuticals to underscore Asia Pacific glycerol market value

Growing traction towards personal care products and pharmaceutical formulations will potentially bolster Asia Pacific glycerol market share. Demand for glycerol will be more pronounced in the preparation of shampoos, face washes, body lotions, cleansers and ointments. Its penetration in medical treatments, including anti-aging, acne, blackhead removal will further boost the revenue stream of the landscape.

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Healthcare providers are gearing to render services of glycerol intravenously by IV to lessen the brain pressure in conditions, such as encephalitis, central nervous system trauma, stroke and meningitis. Not to mention, demand for the preparation of cough remedies, antibiotics, antiseptics, lozenges, anesthetics and ear infection remedies has become noticeable in the past several years. Asia Pacific glycerol market from the pharmaceutical segment is likely to expand at a healthy CAGR of over 11.5% from 2020 to 2026.

Food & beverages industry is expected to be one of the major markets for glycerol given the latter’s popularity as a stabilizer and emulsifier in several food products, including cake, peanut butter, bread, cheese and coffee whitener, among others.

Demand for glycerin in dry pet foods to help enhance taste property and retain wet will instill confidence among stakeholders. The market size from food & beverage segment will potentially grow at a strong CAGR of over 11% through 2026.

Burgeoning industrialization and notable growth in construction activities will propel the use of glycerol in alkyd resins. These resins are the reaction products of phthalic anhydride & glycerin, also popular as glyptal. Alkyd resins segment is expected to grow bullishly at a CAGR of around 11% through 2026, partly attributed to a pressing demand for the product in paints and molds for casting.

Refined glycerol will be highly desirable in personal care, pharmaceutical and cosmetic industries as a preservative- and moisturizing- agent. It will also gain impetus as a sweetener in functional food products & beverages. Asia Pacific industry revenue from refined glycerol was pegged at US$1 billion in 2019, a similar growth trajectory is expected in the next five years.

Biodiesel is likely to be one of the major revenue-generative sources in the landscape given that glycerol is one of the essential by-products in the biodiesel manufacturing process. For instance, around 10 pounds of crude glycerol are created for each production of a hundred kilos of biodiesel. It is worth noting that each gallon from biodiesel produces around 1.05 kilos of glycerol. Accordingly, APAC glycerol market size from biodiesel source is likely to grow at a robust CAGR of over 11% through 2026.

Leading companies are gearing to infuse funds in China as the mainland is envisaged as a happy hunting ground. An unprecedented growth of medical sector and concerted efforts towards drug preparation usage will prompt stakeholders to up their investments in the region. China glycerol market is likely to exceed US$608 million by 2026.

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A robust projection of APAC glycerol market comes on the heels of soaring demand for disinfectants, hand sanitizers, alcohol wipes, oral mouthwashes and swabs. Millennial and gen Z population are exhibiting profound inclination for personal hygiene and cleanliness, auguring well for the industry size expansion. According to an estimate, total Asia Pacific glycerol market size is likely to surpass US$1.7 billion by 2026.

Prominent companies such as BASF, Dow Chemical Company, Procter & Gamble Chemicals, Archer Daniels Midland, Kao Corporation, Emery Oleochemicals LLC, Vitusa Products, Inc., and CREMER OLEO GmbH & Co. are expected to further their business strategies in the landscape. These companies are likely to focus on mergers & acquisitions, product rollouts and collaborations.

Table of content:

Chapter 4   Asia Pacific Glycerol Market Size, By Type

4.1    Market trends

4.2    Crude

4.2.1    Market size from Crude, 2015-2026, (Kilo Tons) (USD Million)

4.2.2    Market size from Crude, by country, 2015-2026, (Kilo Tons) (USD Million)

4.3    Refined

4.3.1    Market size from Refined, 2015-2026, (Kilo Tons) (USD Million)

4.3.2    Market size from Refined, by country, 2015-2026, (Kilo Tons) (USD Million)

4.4    Others

4.4.1    Market size from Others, 2015-2026, (Kilo Tons) (USD Million)

4.4.2    Market size from Others, by country, 2015-2026, (Kilo Tons) (USD Million)

Chapter 5   Asia Pacific Glycerol Market Share, By Source

5.1    Market trends

5.2    Biodiesel

5.2.1    Market size from Biodiesel, 2015-2026, (Kilo Tons) (USD Million)

5.2.2    Market size from Biodiesel, by country, 2015-2026, (Kilo Tons) (USD Million)

5.3    Fatty Acids

5.3.1    Market size from Fatty Acids, 2015-2026, (Kilo Tons) (USD Million)

5.3.2    Market size from Fatty Acids, by country, 2015-2026, (Kilo Tons) (USD Million)

5.4    Fatty Alcohols

5.4.2    Market size from Fatty Alcohols, by country, 2015-2026, (Kilo Tons) (USD Million)

5.5    Soap Industry

5.5.1    Market size from Soap Industry, 2015-2026, (Kilo Tons) (USD Million)

5.5.2    Market size from Soap Industry, by country, 2015-2026, (Kilo Tons) (USD Million)

5.8.1    Market size from Others, 2015-2026, (Kilo Tons) (USD Million)

5.8.2    Market size from Others, by country, 2015-2026, (Kilo Tons) (USD Million)

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