Global glycerol market seen reaching $5.1 billion by 2031

Allied Market Research says the glycerol market is set to grow from $4.3 billion in 2021 to $5.1 billion by 2031, driven by biodiesel output and demand for natural ingredients. Asia-Pacific and refined glycerol are expected to lead growth over the forecast period.

Why it matters: - The glycerol market is tied to biodiesel production, personal care, food and pharmaceuticals, so shifts in demand can affect several downstream industries. - Allied Market Research expects the market to add about $800 million in value between 2021 and 2031, signaling steady but modest growth. - The report also points to its sample report and purchase options for buyers tracking the segment.

What happened: - Allied Market Research published a report on the global glycerol market covering source, product and end-use industry trends through 2031. - The market was estimated at $4.3 billion in 2021 and is projected to reach $5.1 billion by 2031. - The forecast implies a compound annual growth rate of 1.7% from 2022 to 2031.

The details: - The report breaks the market into source categories: biodiesel, fatty alcohol, fatty acid and others. - The product split includes refined glycerin and crude glycerin. - End-use coverage includes personal care, food and beverages, pharmaceuticals and others. - The biodiesel segment is expected to grow at a 2.6% CAGR in revenue during the forecast period. - The refined glycerol segment is expected to grow at a 2.4% CAGR in revenue during the forecast period. - Europe held 22.0% of the market in 2021 and is projected to grow at a 1.7% CAGR. - Personal care held 28.3% of market share and is projected to grow at 2.1% during the forecast period. - In 2020, biodiesel accounted for about three-fifths of the global glycerol market. - The biodiesel segment is projected to post a 2.0% CAGR through the forecast period. - In 2020, refined glycerol held more than three-fourths of the global market. - Refined glycerol is expected to post the fastest CAGR in the product category at 1.8% from 2021 to 2030. - Asia-Pacific, followed by Europe and North America, held around half of the global market in 2020. - Asia-Pacific is expected to grow at a 1.9% CAGR, the fastest among regions in the report. - The report says the market size is measured in both revenue and volume. - The report lists Emery Oleochemicals, Kao Corporation, Oleon NV, Wilmar International, IOI Oleochemical, Musim Mas Group, Ecogreen Oleochemicals, KLK OLEO, Croda International and Procter & Gamble Chemicals as key players. - The report says increased adoption of natural products and rising biodiesel production are driving the market. - Fluctuating raw-material prices are limiting growth. - Stronger demand from emerging economies is expected to create new opportunities.

Between the lines: - The market is growing less on broad consumer expansion and more on industrial input demand, especially from biodiesel and personal care. - The regional and product mix suggests Asia-Pacific and refined glycerol are the main areas for volume and revenue opportunities. - The forecast points to a mature market, where gains come from steady end-use growth rather than rapid disruption.

What’s next: - The report expects biodiesel-linked supply to remain the largest source of glycerol through the forecast period. - Refined glycerol should keep dominating product demand as pharmaceuticals, personal care and food companies expand usage. - Emerging-economy demand is likely to be the biggest upside factor if raw-material costs remain volatile. - More details are available in the full market summary and company announcement.

The bottom line: - Glycerol is headed for slow, steady growth through 2031, with biodiesel, refined product demand and Asia-Pacific leading the market narrative.