Glycerine Market Size, Share, Growth Analysis, By Application(Personal Care, Food & Beverages, Pharmaceuticals, Polyether Polyols), By Grade(USP Grade and Technical Grade), By Manufacturing Process(Transesterification, Saponification, Fat splitting, Others), By Source(Vegetable Oils, Bio-diesel, Synthetic, Others), By Region - Industry Forecast 2024-2031

Numerous well-known producers are present on the market, and they are mostly concentrating on increasing their production capacity to meet the rising demand. To meet the rising demand brought on by the COVID-19 pandemic, some others are employing glycerine in the production of hand sanitizers.

As a result of the rising demand for glycerol, producers are concentrating on growing

Product innovation and production capabilities. For instance, a large producer, Emery Oleochemicals, has recently made significant investments in Malaysia's manufacturing facilities. The organization is striving to expand its market reach in response to the rising demand across the globe and enhance its distribution system to better serve its customers. Other companies such as Cargill is concentrating on expanding their footprints with additional locations, much like KLK OLEO manufacturing capacity.

Top Players in the Glycerine Market

• Wilmar International
• IOI Oleochemicals
• Emery Oleochemicals
• KLK Oleo
• Cargill
• P&G Chemicals
• Archer Daniels Midland (ADM)
• BASF SE
• Dow Chemical
• Kao Corporation
• Vantage Specialty Chemicals
• Godrej Industries
• Croda International
• SABIC
• IOI Corporation Berhad
• P&G
• Eastman Chemical Company
• Avril Group
• Cremer Oleo GmbH & Co. KG
• Twin Rivers Technologies

Glycerine Market Recent Development

• In October 2021, IOI Corporation Berhad announced the construction of a new 110,000 metric ton (MT) per year oleochemical plant in Prai, Penang, with a capital expenditure of MYR 220 million. The new plant is mainly catered for palm and palm kernel-based fatty acids and glycerine, which are the main raw materials for personal care and cosmetic products. The plant construction is accepted to be completed by the second quarter of 2022.
• In July 2021, ENI and BASF launched a newly joined initiative to produce advanced propanol from glycerin. The technology to be developed involves the conversion of glycerine to propanol