Title: Asia Pacific Glycerol Market to cross $1.7 Bn by 2026
1 Asia Pacific Glycerol Market to cross 1.7 Bn by
2026 Graphical Research
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2 Asia Pacific Glycerol Market Size is estimated to
hit USD 1.7 Billion by 2027. Increasing demand
for personal care and hygiene products, and
pharmaceutical formulations, is likely to drive
the product demand for the Asia Pacific glycerol
Market. It is extensively used as a moisturizing
agent in the preparation of face washes,
shampoos, cleansers, body lotions, and ointments.
Particles present in the glycerol easily attract
moisture and soften the skin which provides
healthy skin. Additionally, it is used in many
medical treatments such as acne, anti-aging,
blackhead removal, and many more. Owing to rising
demand for glycerol in the pharmaceuticals and
personal care sector, leads to drive Asia Pacific
glycerol market. The Crude glycerol registered
a significant CAGR of over 9.5 in the forecast
period. Crude glycerin includes glycerol,
methanol, inorganic salts, fatty acids, methyl
esters, mono-di-triacylglycerols, and water.
Owing to its high energy it can be used as a
substitute for boiler fuel and cogeneration of
electricity. In food beverages, glycerin acts
as a solvent, sweetener preservative. It acts
as a solvent for flavors food coloring cases of
soft drinks confections and as a softening agent
in food items like candy, cakes casing for meats
cheese. Additionally, glycerol is used as an
emulsifier and stabilizer in many food products
such as bread, pasta, cake, peanut butter, coffee
whitener, cheese, and many more. It is
additional employed in dry pet foods to assist
retain wet and enhance taste property. Owing to a
rapid increase in the food and beverage sector
the Asia Pacific glycerol market registered a
CAGR of over 11 during the forecast timeframe.
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4 Based on applications alkyd resins anticipated
growing at a CAGR of 11 during the forecast
timespan. Alkyd resins are the reaction products
of phthalic anhydride glycerin which is
commonly known as glyptal. It is widely used in
paints and in molds for casting. Rapid
industrialization along with construction
activities in the Asia Pacific region may foster
the demand for glycerol in the upcoming
future. China's glycerol market demand is
likely to surpass USD 608 million by 2026.
Rapidly increase medical sector, drug preparation
usage along with rising in technology is driving
the market growth. Furthermore, the rise in the
usage of preservatives and emulsifiers in the
food and beverages sector is the major factor
positively affecting market growth. In addition,
antiseptic and antiviral properties supporting
the glycerol market which in turn stimulates the
country's market demand. Asia Pacific's food
and beverage sector are well established owing to
the rapid urbanization, disposable income, and
economic growth in this region. Glycerol is used
for a wide range of pharmaceuticals products such
as drug preparation, hand sanitizers,
disinfectants, oral mouthwashes, alcohol wipes,
swabs, and many more. This is expected to foster
the demand for glycerol in the market during the
forecast timespan. Furthermore, growing personal
hygiene and cleanliness norms along with
increasing population, and per capita income is
likely to drive the market and expected to remain
positive, Asia Pacific glycerol market. Key
players in the Asia Pacific Glycerol Market are
BASF, Procter Gamble Chemicals, Godrej
Industries Ltd., Dow Chemical Company, Archer
Daniels Midland, United Coconut Chemicals, Inc.,
The Chemical Company, Kao Corporation, Emery
Oleochemicals LLC PMC Biogenix, Inc., CREMER OLEO
GmbH Co. KG, Emery Oleochemicals LLC, Sakamoto
Yakuhin Kogyo Co. Ltd., and Vitusa Products Inc.
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