By employing several steps, gathering, analysing and recording of market data has been carried out in this Glycerol market report. To formulate this report, systematic, objective and exhaustive study of the facts related to any subject in the field of marketing have been performed. Not to mention, various purposes or objectives of market research are kept in mind while forming the Glycerol report which helps client achieve success in the business. The report helps businesses to take on the approach of systematic problem analysis, model building and fact-finding that ultimately aids in decision-making and managing marketing of goods and services.
Data Bridge Market Research analyses that the glycerol market was valued at USD in 2.55 billion 2021 and is expected to reach USD 4.20 billion by 2029, registering a CAGR of 6.45% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Market Overview:
Glycerol is a viscous, colourless, odourless, sweet-tasting and non-toxic liquid belonging to the alcohol family of organic compounds. The molecular formula of glycerol isC3H8O3. This is a simple polyol compound. The glycerol backbone is mainly found in lipids which is also known as glycerides.
Procter Gamble (U.S.), Solvay (Belgium), Unilever (England), Estelle Chemicals Pvt. Ltd. (India), Dow (U.S.), Lonza (Switzerland), MOHINI ORGANICS PVT. LTD. (India), Sakamoto Yakuhin Kogyo Co., Ltd., (Japan), Godrej Industries Limited (India), THE HERSHEY COMPANY (U.S.), Stepan Company (U.S.), Cargill, Incorporated (U.S.), The Good Scents Company (U.S.), Sakamoto Yakuhin Kogyo Co., Ltd. (Japan), Spiga Nord S.p.A. (Italy), Parchem fine Specialty Chemicals (U.S.) and BASF SE (Germany)
Global Glycerol Market Dynamics
Drivers
- Rising demand of glycerol from the pharmaceutical sector
Glycerol is widely used in the pharmaceutical industry to improve taste and smoothness of medicines. Glycerol is added to cough syrups to prevent irritation in throats which leads to coughing. It is also used to maketablets easier to swallow. These are the major factors which increase the demand of glycerol in pharmaceutical sector are expected to boost market growth rate.
- Growing demand of glycerol in cosmetic and personal care sector
The increasing demand for glycerol in the cosmetic and personal care industry will drive the glycerol market during forecast period of 2022 to 2029. The usage in cosmetic products is similar to that of pharmaceuticals. Glycerol is used as a means of providing lubrication, and improving smoothness due to this it is used in several personal care products such as in skincare products, hair care products, soaps, shaving cream and water-based personal lubricants. Furthermore, the rising urbanization and the increasing disposable income of various individuals over all the globe which have led to a rise in the sales of personal and cosmetics care products. Hence, these factors will significantly shape the growth of the glycerol market.
Furthermore, growing preferences of consumer towards eco-friendly products, rising demand of product from several end-user industries, and prevalence of favorable government regulations are other major factors expected to boost the growth of the glycerol market during the forecast period of 2022-2029.
Opportunities
- Increasing consumer awareness regarding glycerol benefits
There are several benefits of glycerol such as improving athletic performance, constipation and also used for certain skin conditions. It is also used for ear infections, stroke, obesity and many other conditions. Therefore, growing consumer awareness regarding benefits and rising application of Glycerol is expected to create lucrative opportunities for the targeted market in the developing and developed regions.
Furthermore, the rising production of glycerol for commercial usage will also create several opportunities, leading to the growth of the glycerol market during the forecast period.
Restraints/ Challenges
- Cost Issues associated with glycerol market
Fluctuation in the prices of raw material and easy availability of substitute product are some major factors acting as market restraints for the growth of the glycerol market during the forecast period of 2022-2029.
This glycerol market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the glycerol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
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Highlights of TOC:
Chapter 1: Market overview
Chapter 2: Global Glycerol Market
Chapter 3: Regional analysis of the Global Glycerol Market industry
Chapter 4: Glycerol Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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