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Glycerol Market Size
- Report ID: GMI327
- Published Date: Sep 2022
- Report Format: PDF
Glycerol Market Size
Glycerol Market size surpassed USD 2 billion in 2021 and is projected to expand at over 7% CAGR between 2022 and 2030. Increasing product utilization across the food & beverages industries may foster market expansion.;
The rapid proliferation of the pharmaceutical and personal care industries across regions such as the Asia Pacific is likely to drive the demand for glycerol. Based on the Indian Economic Survey 2021, the pharmaceutical market in India accounted for US$ 42 billion in 2021 and is anticipated to cross US$ 65 billion by 2024 and reach US$ 120-130 billion by 2030.;
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Glycerol Market Size in 2021: | USD 2 Billion |
| Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 7% |
| 2030 Value Projection: | USD 4 Billion |
| Historical Data for: | 2017 to 2021 |
| No. of Pages: | 260 |
| Tables, Charts & Figures: | 317 |
| Segments covered: | Product Type, Source, Application, Downstream Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Glycerol is extensively utilized across several end-use industries, including medical, pharmaceuticals, and personal care, as a means to provide lubrication, improve smoothness, and as a humectant. The topical use of the product is known to treat skin conditions such as Xerosis and Ichthyosis, spurring the demand. In addition, the increasing product utilization across the F&B industry in several food colors and taste solvents will spur the industry outlook.;
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Glycerol Market Scope
