Report Code: A07314 | Pages: NA | Mar 2023 | 1194 Views | ||
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Pandemic disrupted the entire world and affected many industries.
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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.
COVID-19 scenario analysis
The outbreak of the COVID-19 pandemic has severely affected the global glycerin market to a notable extent.
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 benefits of the report
Questions answered in the global glycerin market research report:
Glycerin Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Emery Oleochemicals, Wilmar International, BASF SE, P&G Chemicals, Kao Corporation, Twin River Technologies, Avril Group, Vitusa Products Inc., IOI Group, The Dow Chemocal Company, Archer Daniels Midland Company |
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