Glycerol, Global Market Size Forecast, Top 14 Players Rank and Market Share (Internet Services - Other Internet Services)
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Glycerol, Global Market Size Forecast, Top 14 Players Rank and Market Share | |
Glycerol (also called glycerine or glycerin) is a simple polyol compound. It is a colorless, odorless, viscous liquid that is sweet-tasting and non-toxic. The glycerol backbone is found in many lipids which are known as glycerides. It is widely used in the food industry as a sweetener and humectant and in pharmaceutical formulations. Glycerol has three hydroxyl groups that are responsible for its solubility in water and its hygroscopic nature. According to the new market research report “Global Glycerol Market Report 2023-2029”, published by QYResearch, the global Glycerol market size is projected to reach USD 0.93 billion by 2029, at a CAGR of 6.7% during the forecast period. Market Drivers: 1. Extensive downstream market applications. The growing pharmaceutical industry across the globe and various applications of refined Glycerine in pharmaceutical preparation, cosmetics, and oral formulation are driving the growth of the Refined Glycerine Market. 2. Asia Pacific leads the market. Asia Pacific accounts for a major share of the overall glycerin market owing to emerging countries such as China, India, and Southeast Asia. China is one of the largest consumers of glycerin. Cosmetics and personal care are one of the fastest growing industries in the country. Restraints: 1. Overall, demand softened across the second half of 2022 while supply recovered because of biodiesel production rebounding and supply chains easing. Thus, as 2023 began, glycerin inventories were high throughout supply chains, further weakening demand. 2.The supply of refined glycerin appears healthy but currently balanced. For more information, please contact the following e-mail address: Email: global@qyresearch.com Website: https://www.qyresearch.com QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.  | |
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2024-05-19 (0.386 sec)