According to ChemAnalyst report, “Global Glycerine Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030”, The Glycerine market will most likely experience a significant rise and reach approximately 1700 thousand tonnes in 2030, at an expected CAGR of 4.49% during the forecast period by 2030. The rising demand for Glycerine by Drug Formulations, Oral Demulcent, Emollient & Humectant, and Other end-use industries is anticipated to result in an expansion of the Glycerine market in the forecast period.
Glycerol or Glycerine is a simple polyol that is a viscous liquid. It is generally synthesized using triglycerides by hydrolysis, transesterification, or saponification. There are numerous uses for pure Glycerine, also known as glycerol, in the food, medical, pharmaceutical, and hygiene products industries, in addition to numerous other pharmaceutical and biotechnology ones. It is often used as a sweetener in food items and is a humectant. Glycerine is also used in cosmetics and personal care preparations to improve the smoothness and texture of the skin. It can heal skin and make it supple and improve skin texture. Glycerine is used as a thickening agent in edible products, humectants and emulsifying agents in cosmetics, plasticizers in the paint and paper industries, and preservatives in the food and beverage industries.
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The Glycerine market globally is driven by its application in the medical sector, majorly for the formulation of drugs. Glycerine possesses antibacterial and antiviral qualities along with humectant properties. It is generally used as an additive to improve lubrication in cough syrups and elixirs. Furthermore, minor wounds, cuts, scars, rashes, bedsores, and blisters can all be treated appropriately with topical pure or nearly pure glycerol. Also, the use of Glycerine for treating itchy and flaky skin in certain medications is expected to increase the demand for Glycerine. Furthermore, rising demand in the food and beverage industry for Glycerine as a sugar alternative is anticipated to swell the global Glycerine market further.
The global Glycerine market is segmented based on end-use, sales channel, and region. Based on demand, Asia Pacific dominates the global Glycerine market, consuming more than 45% of the global Glycerine market in 2021. It is anticipated that it will continue to dominate the market in the coming years, followed by North America and Europe. The USA is the leading global producer of Glycerine, producing more than 35% of the global Glycerine in 2021.
Based on end-uses, the Glycerine market is segregated into Drug Formulations, Oral Demulcent, Emollient & Humectant, and Others. The Drug Formulations industry is dominating the Glycerine market with a market share of more than 30% of Glycerine market in 2021. It is anticipated to remain the most significant consumer in the forecast period with expansion in the demand of pharmaceuticals. Emollient & Humectant is a booming industry and is anticipated to expand in the forecast years.
“Global Glycerine Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030”, the significant players functional in the Glycerine market are The Procter & Gamble Company, Dow Chemical, Renova S.A., Emery Oleochemicals, Vantage Specialty Chemicals, Louis Dreyfus Company, General Lagos, BOJAGRO S.A., Vance Group Ltd., Owensboro Grain Company, The Vegetables Vitamins Foods Company Pvt. Ltd., PMC Biogenix, Inc., and Thai Glycerine Co., Ltd.
“The surging demand for Glycerine for the manufacture of drugs, cosmetics, and skincare products is expected to take the lead on expansion of the Global Glycerine market in the forecast period until 2030. Glycerine possesses antibacterial and antiviral qualities along with humectant property that drives its application as an emollient and topical agent which is expected to further propel the Global Glycerine market in the coming years. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
Read Full Report Here: https://www.chemanalyst.com/industry-report/glycerine-market-635
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