Asia Pacific Glycerol Market share was recorded revenue of above USD 1 billion in 2019 and industry should grow substantially at over 9% by 2026.
Glycerol is commonly known as glycerin and glycerin is consist of polyol compounds. A colorless, odorless, viscous liquid that is non-toxic in nature. It contains antimicrobial and antiviral properties which have applications in personal care, pharmaceuticals, food & beverages, and various other sectors. Demand for innovative glycerol-based healthcare products may foster the market demand in the Asia Pacific region.
Asia Pacific market revenue from refined glycerol size was above USD 1 billion in 2019. Refined glycerin is a water-soluble, colorless, odorless, viscous liquid with a high boiling point. It has applications in the cosmetic, personal care, and pharmaceutical industry as a moisturizing agent and preservative agent. Additionally, it is widely used as a sweetener in functional food products and beverages. This leads to a boost in the market in the forecast period.
Asia Pacific market size from the biodiesel source may witness substantial gains at over 11% by 2026. Glycerol is extracted by gravitational and centrifugal method from the biodiesel; it is a major by-product in the biodiesel manufacturing process. For instance, for each a hundred kilos of biodiesel produced, approximately 10 pounds of crude glycerol are created. Each gallon from biodiesel generates approximately 1.05 kilos of glycerol. This shows a 30 million gallon in keeping with-year plant will generate about eleven,500 heaps of 99.9% pure glycerine. The rapidly increasing biodiesel industry will propel the Asia Pacific region to the market.
Asia Pacific market demand from the personal care & pharmaceutical sector may foster substantial gains at over 11.5% by 2026. Glycerol is widely used in products such as moisturizer, soaps, shaving creams, toothpaste, skin/hair care products to provide smoothness & lubrication. It also acts as a humectant which prevents the loss of moisture from product, is soluble in water. In addition, glycerine includes use as a fragrance ingredient and skin protectant in many personal care & food products.
Glycerine is extensively used in pharmaceuticals and drug formulations. Healthcare providers offered glycerol intravenously by IV to reduce brain pressure in various conditions such as stroke, central nervous system trauma, encephalitis & meningitis. In addition, it is used in the preparation of ear infection remedies, cough remedies, anaesthetics, lozenges, antibiotics, and antiseptics. Owing to rising demand from the pharmaceutical industry, the market registered a CAGR of over 11.5% in the forest timeframe. This leads to foster the Asia Pacific glycerine market.
Key players in the Asia Pacific Glycerol Market are BASF, Procter & Gamble Chemicals, Godrej Industries Ltd., Dow Chemical Company, Archer Daniels Midland, United Coconut Chemicals, Inc., The Chemical Company, Kao Corporation, Emery Oleochemicals LLC PMC Biogenix, Inc., CREMER OLEO GmbH & Co. KG, Emery Oleochemicals LLC, Sakamoto Yakuhin Kogyo Co. Ltd., and Vitusa Products Inc.