Anticipating and Marking the Glycerine Market: A Promising Decade Ahead

Recent market research indicates significant growth potential for the global Glycerine market in the coming decade. By 2034, the market is forecasted to achieve a compound annual growth rate (CAGR) of around 3%. This growth trajectory underscores the increasing demand for Glycerine, also known as Glycerol, across various industries.

Glycerine is a transparent, odorless, and viscous fluid valued for its non-toxic properties. Its solubility in water and hygroscopic nature makes it indispensable in numerous applications. The food industry extensively employs Glycerine as a sweetener due to its natural sweetness.

In the pharmaceutical sector, Glycerine is prized for its smoothness, lubricating properties, and as a humectant. It plays a crucial role in formulating expectorants, elixirs, cough syrups, and suppositories. The demand for pharmaceutical-grade Glycerine is increasing, driven by its efficacy in treating conditions such as glaucoma and its use in eye surgeries. Additionally, Glycerine serves as an alcohol alternative in producing herbal and botanical tinctures.

Glycerine's medical benefits extend beyond drug formulations. It is commonly used as a moisturizer for skin burns and mild irritations, as well as for treating constipation. Its osmotic diuretic properties are valuable in reducing intraocular and cerebrospinal pressure, and in managing cerebral edema.

The COVID-19 pandemic highlighted Glycerine's importance in hand sanitizer production. The World Health Organization (WHO) recommended Glycerine in hand sanitizers to improve skin tolerance, particularly in tropical climates, with a 0.5% Glycerine formulation. This recommendation significantly boosted Glycerine demand during the pandemic.

Projections indicate a steady rise in Glycerine demand across various sectors. In the Drug Formulation Sector, demand is estimated to increase to 0.63 million tons by 2034. Similarly, the Oral Demulcent Sector is anticipated to witness growth to 0.31 million tons by 2034. The Emollient & Humectant Sector is also expected to experience an increase, with demand rising by 0.25 million tons by 2034. Other sectors, including those requiring Glycerine for solvent, capsule coating, and excipients, with projections suggesting an uptick to 0.55 million tons by 2034.

Overall, volume across all sectors is likely to increase, reflecting consistent and growing demand. Leading manufacturers include The Procter & Gamble Company (with capacity ~160 thousand tonnes), The Dow Chemical Company (~140 thousand tonnes), Renova S.A. (~90 thousand tonnes), Emery Oleochemicals (~65 thousand tonnes), Vantage Specialty Chemicals (~60 thousand tonnes), and Louis Dreyfus Company (~60 thousand tonnes). The Dow Chemical Company is renowned for its pharmaceutical-grade Glycerine, widely used as a humectant, solvent, and in various personal care products. Emery Oleochemicals, based in Ohio, USA, produces 99.8% grade glycerin for various industries globally, including pet treats, cosmetics, and industrial applications, sourced from sustainable oil and fat resources. Despite increasing demand, there has been no significant news of expansion from major Glycerine-producing companies. This static production capacity, coupled with rising demand, suggests that Glycerine prices are likely to escalate over the forecast period.

The promising outlook for the Glycerine market is driven by its diverse applications and the growing need for its unique properties in various industries. As the market expands, stakeholders will need to navigate challenges in balancing demand and supply to capitalize on opportunities presented by this versatile compound.