Global Glycerine Market Report and Forecast 2025-2034

Glycerine Market Share

Technical grade maintains its dominance in the glycerine market due to its growing usage as a raw material in various end-use sectors

The technical grade of glycerine is utilised in a vast array of industrial applications, contributing to the glycerine market growth. It serves as a raw material or a processing aid in the production of chemicals, plastics, alkyd resins (used in paints and coatings), textiles, paper, and other industrial products due to its versatility and functionality, which make it a valuable ingredient across multiple sectors. Compared to higher purity grades, technical grade glycerine is more cost-effective for industrial applications where stringent purity standards of pharmaceutical or food-grade glycerine are not necessary. This affordability makes it attractive for manufacturers looking to minimise raw material costs while still benefiting from the functional properties of glycerine.

The pharmaceutical grade segment of the glycerine market also occupies a considerable share due to its critical role in medical and health-related applications, where high purity and strict quality standards are paramount. Glycerine is used in pharmaceutical formulations as a solvent, humectant, and carrier for active ingredients as its ability to dissolve both aqueous and lipid substances makes it versatile for a wide range of drug formulations, including oral, topical, and injectable medications.

The personal care and cosmetics sector occupies a major glycerine market share due to the multiple applications offered by glycerine

The growing use of glycerine in the personal care segment as a thickening agent, emulsifier, lubricant, and humectant as well as the advantages offered by it like low toxicity and solubility, are expected to supplement the market growth. With the change in the demand for glycerine in soaps, handwash, and detergents during the COVID-19 pandemic, the need for glycerine has increased, particularly in the personal care sector, as some global cosmetics manufacturers, such as Johnson & Johnson, Unilever, P&G, and others, are significantly adopting natural glycerol as raw material to meet the growing demands.

The food and beverage sector is expected to witness a considerable growth in the coming years as glycerine is an effective humectant, meaning it has the ability to retain moisture. This property is crucial in food products where maintaining moisture content is essential for preserving texture, softness, and freshness, therefore it is widely used in baked goods, such as cakes and cookies, to prevent them from drying out.

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Glycerine Market Trends

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Glycerine Companies

Glycerine Market Regional Analysis