Glycerine Market Size, Growth, Industry Analysis & Forecast, 2030

NEW YORK - July 26, 2022 - PRLog -- According to ChemAnalyst report, "Glycerine Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030", Glycerine market has witnessed significant growth as it reached 2.5 million tonnes in 2020 and is anticipated to achieve a healthy global CAGR of 4.8% in the forecast period until 2030. With the rapidly growing demand of Glycerine for the manufacturing of various products like moisturizer, shampoo, dishwasher and laundry detergent, toilet cleaning gel, toothpaste, shaving cream, cleaning wipes, etc. by the major end-use industries including cosmetics, pharmaceuticals, pulp and paper, and others is likely to boost the Glycerine market across the globe in the span of next ten years. The production of Glycerine is highly associated with the safety standards on human health and environment, before it can be introduced into the market, which further enhances the standard compliance.

Glycerine also known as Glycerol, is a simple compound of Polyol with the chemical formula C₃H₈O₃. It is an odorless, colorless, and sweet-tasting viscous liquid which is remarkably non-toxic in nature. Glycerine is extensively utilized as a humectant in the formulation of cosmetic and pharmaceutical products, and as a sweetener in food and beverages industry. Glycerine is composed of hydroxyl groups that are responsible for its hygroscopic nature and its solubility in water. It is generally synthesized from plant and animal sources where it is present in triglycerides, esters of glycerol with long-chain carboxylic acids. The hydrolysis, transesterification or saponification of these triglycerides result in the production of Glycerine. It can also be produced by different routes of propene.

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Due to the versatile antimicrobial and antiviral properties of Glycerine, it is widely utilized in the preparation of cosmetic, pharmaceutical and personal care products as a means of improving smoothness, providing lubrication, and treating skin damage. Glycerine also finds its applications in allergen immunotherapies, elixirs and expectorants, cough syrups, glycerine soaps and detergents, and water-based personal lubricants. Nitro-glycerine is among the most commonplace treatment for treating chronic angina, the chest pain caused by heart disease. The medication of Glycerine is widely used as a moisturizer in order to treat or prevent dry, rough, scaly, itchy skin and minor skin irritations in the healthcare industry.

Major Players:

• BASF SE,
• Croda International Plc,
• DowDupont,
• Huntsman Corporation,
• Pilot Chemical Company,
• Shanghai Fine Chemical Co., Ltd,
• Galaxy Surfactants,
• SEPPIC S.A.,
• LG Hosehold & Healthcare Ltd.,
• Emery Oleochemicals,
• IOI Oleochemicals,
• Wilmar International,
• KLK Berhad,
• Godrej Industries