Glycerin Market Analysis 2020-2027:

Glycerin is a simple polyol compound that is colorless, odorless, viscous, and nontoxic liquid. Glycerin is produced as a by-product during the processing of crude oil. It is soluble in water, and acts as a solvent for different compounds. It is extensively used in different personal care products such as gels soaps, as it exhibits antibacterial and antimicrobial properties. In addition, it is used in several pharmaceutical products for curing ski irritation and other problems. Furthermore, it is used in the food industry as a sweetener, humectant, and an emulsifier.

Market scope and structure analysis

COVID-19 scenario analysis

The outbreak of the COVID-19 pandemic has severely affected the global glycerin market to a notable extent.

• Owing to the economic slowdown caused by the pandemic and the lockdown imposed in different countries, the demand for cosmetics and personal care products has significantly declined. This has led to the fall in demand for glycerin in the global market, thereby affecting the glycerin market across the globe.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

With increase in urbanization and rise in per capita income, the capacity of expenditure among consumers has increased. This has led to surge in demand for cosmetics and personal care products in the global market. Since glycerin is majorly applicable in the cosmetics and personal care products, increase in demand for these products has played an important role in the growth of the global glycerin market. Moreover, glycerin is used in various fast foods as sweeteners and emulsifiers. Change in lifestyle of consumers has shifted their preference toward fast food, which has significantly contributed toward the growth of the glycerin market. In addition, glycerin has several industrial applications such as emulsifier, thickening agent, and anti-caking. Furthermore, it is employed for vibration dampening and as tobacco humectants. Thus, all these factors together are expected to augment the growth of the global market during the forecast period.

With superior antibacterial properties, glycerin is employed in the manufacture of various pharmaceutical products. In addition, rise in health awareness and increase in consumption of medicines and other healthcare products are projected to boost the growth of the global glycerin market in the near future.

The market in the Asia-Pacific region is expected to grow at a high rate, due to upsurge in demand for personal and health care products and adoption of various developmental strategies by the manufacturers to strengthen their foothold in the emerging economies such as India and China, due to lower manufacturing and labor cost in the region. The market in Europe and North America is further expected to witness a considerable growth with rise in demand for personal care products.

Key segments covered

Key benefits of the report

• This study presents the analytical depiction of the global glycerin industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global glycerin market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global glycerin market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global glycerin market research report:

• Which are the leading market players active in the global glycerin market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?