Pharmaceutical Glycerine Market Research, 2030
The global pharmaceutical glycerine market size was valued at $89.89 million in 2020, and is projected to reach $246.48 million by 2030, growing at a CAGR of 11% from 2021 to 2030. The total volume of global pharmaceutical glycerin market was 132,000 tons in 2020, and is projected to reach 243,641 tons by 2030, registering a CAGR of 6.6% from 2021 to 2030.
Pharmaceutical glycerin is an organic compound known as glycerol and glycerin, and is majorly used as an excipient in the pharmaceutical industry. Glycerin exhibits various benefits in medical and pharmaceutical preparations such as improving smoothness, lubrication, and humectant. It is most commonly utilized in formulation of suppositories, cough syrups, elixirs, and expectorants.
Rise in application of glycerin in treatment of increased eye pressure conditions such as glaucoma and during eye surgery fuels the market growth. There has also been a rise in demand for glycerin in industries including food production, chemical manufacturing, pharmaceuticals, personal & amp; home care, and other specialty applications with other oleo chemicals such as fatty alcohols, fatty acids, and esters. Furthermore, increase in use of glycerin as a substitute for alcohol in herbal and botanical tincture preparation is anticipated to drive the market. In addition, increase in adoption of glycerin in the pharmaceutical industry, owing to its low cost and various medical benefits such as moisturizer for skin burns & minor skin irritations and in treatment of constipation. Moreover, it also exerts osmotic diuretic properties that support in management of cerebral edema, reduce cerebrospinal pressure, and intraocular pressure.
However, adverse effects of pharmaceutical glycerin, such as diarrhea, polyuria, nausea, dry mouth, and others hinder the market growth. Ongoing R&D activities related to pharmaceutical glycerin are anticipated to present new opportunities for the market.
The global pharmaceutical glycerine market share is gaining from rising demand for glycerin from pharmaceutical and personal care industries.
Pharmaceutical Glycerin market segmentation
The pharmaceutical glycerine market forecast in this report is studied on the basis of application and region. On the basis of application, the market is divided into excipient and glycerin as a care product. The excipient segment is further divided into fillers & plasticizers, solubilizers & emulsifiers, solvents, diluents & bases, lubricants, thickeners, and sweeteners. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of application, the excipient segment currently dominates the global pharmaceutical glycerin market, and is expected to maintain its dominance during the forecast period, owing to rise in demand for eyewash solutions and glycerin being a predominant excipient for pharmaceutical products. Excipients is further segmented into fillers & plasticizer, solubilizer & emulsifier, solvent, diluent & base, lubricant, thickener, and sweetener.
On the basis of excipients, the solubilizers & emulsifiers segment dominated the global pharmaceutical glycerin market in 2020, and is anticipated to be dominant in the market as they are used to increase oral bioavailability of Class II and Class IV drugs.
Region Segment Review
Region wise, Asia-Pacific pharmaceutical glycerine industry dominated the market in 2020, owing to high presence of top glycerin-producing countries such as Malaysia, Indonesia, India, and Japan. This has resulted in a competitive environment in terms of production technologies and securing production capacities in the region. In addition, on account of favorable growth of end-use industries in China, India, and South East Asia, the region is expected to register fastest growth during the forecast period.
The major companies profiled in pharmaceutical glycerine market report include Archer Daniels Midland Company, Cargill Inc., DuPont de Nemours, Inc., Emery Oleochemicals Group, Godrej Group, Procter and Gamble Co., Reagents, Renewable Energy Group Inc., The Chemical Company, and Universal Preserv-A-Chem, Inc.
Key Benefits For Stakeholders
- This report provides a quantitativepharmaceutical glycerine market analysis of the market segments, current trends, estimations, and dynamics of the pharmaceutical glycerine market size analysis from 2020 to 2030 to identify the prevailing pharmaceutical glycerine market opportunities.
- Pharmaceutical glycerine market trends from various industries and countries have been studied for understanding individual demand and supply patterns.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pharmaceutical glycerine market opportunity segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global pharmaceutical glycerine market growth trends, key players, market segments, application areas, and market growth strategies.
Pharmaceutical Glycerine Market Report Highlights
Key Market Players
Emery Oleochemicals Group, TCC Glycerin, Universal Preserv A Chem Inc., Procter and Gamble Co, cargill, DuPont, Godrej Group, Archer Daniels Midland Company, Reagents Company, Renewable Energy Group, Inc.
According to analyst’s perspective, globally, there is an increase in demand for glycerin, coupled with growth in need for hand sanitizers and soaps. Products made from glycerin should comply with the regulatory standards. Thus, pharmaceutical manufacturers need to choose appropriate composition and quality for glycerin products to avoid any further potential roadblock during the product launch in the market. Selection of an appropriate integral material plays a pivotal role in the production of various pharmaceuticals. Glycerin is also one of the most commonly used products in the production of syrups, lozenges, and eyewash solutions. It can also be found in eardrop products, jellies, and creams for topical use in expectorants for congestion, suppositories, and gel capsules.
Recent innovations and constant development in the field of healthcare have further led to growth of the market growth. In addition, increase in use of hand sanitizers boost growth of the market.