Europe Glycerine Market size was around USD 1.24 billion in 2020. It is expected to grow at a CAGR of 7.4% to reach USD 2.10 billion by 2025.
Glycerine which is also known as glycerol, is a polyhydric alcohol majorly found in vegetable and animal oil. The product is derived from either natural resources or petroleum feedstock and is generated during the manufacturing process of biodiesel and soap. The market has numerous applications in medical formulations, industrial chemical manufacturing, and moisture retention. It is also extensively utilized in the food industry as a sweetener and humectant.
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Market Segmentation:
The Glycerine market is segmented by
Source
Vegetable Oils
Synthetic
Soaps
Biodiesel
By Process
Transesterification
Fat Splitting
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Application.
Industrial chemicals
Food and Beverages
Personal Care
Geographical Analysis:
By geography, the European market is segmented into
UK
Spain
Germany
France
Italy
Instabilities in supply as well as the accessibility of alternatives could hinder the growth of the Glycerine market in this region.
Major Key Players:
Key players in the market include The Dow Chemical Company, Procter & Gamble, Parchem fine & specialty chemicals, NOW Foods, Essential Depot, VVF L.L.C., Cargill Incorporation, Dutch Glycerin Refinery (DGR), Avril Group, Inc. among others.