PUBLISHER: Grand View Research | PRODUCT CODE: 1375918
PUBLISHER: Grand View Research | PRODUCT CODE: 1375918
North America Glycerol Market Size, Share & Trends Analysis Report By Type (Refined, Crude), By Raw Material (Biodiesel, Fatty Acids, Soap, Fatty Alcohols), By Source (Plant, Animal, Synthetic), And Segment Forecasts, 2023 - 2033
North America Glycerol Market Growth & Trends:
The North America glycerol market size is expected to reach USD 1.94 billion by 2033, registering a CAGR of 5.0% from 2023 to 2033, as per the new report by Grand View Research, Inc.. The growth is majorly driven by its increasing application in numerous industries, such as personal care, pharmaceuticals, and food & beverages, thereby leading to a significant rise in its demand in North America. In the personal care & cosmetics industry, glycerol is widely utilized in skin care products, shaving creams, hair care products, soaps, water-based personal lubricants, etc. It is also increasingly being used in cosmetics owing to the growing awareness among customers regarding personal health and hygiene.
Moreover, the product is also widely used as a flavoring agent in beverages and as a softening agent in confectionaries in the food & beverages industry. It is used as an artificial sweetener owing to the presence of high-calorie content. The U.S. FDA has approved the use of the product as a caloric macronutrient. Favorable government regulations in North America, coupled with flourishing end-use industries, are expected to augment the demand for glycerol in the region over the forecast period. C3H8O3 is an environment-friendly product as it is derived from natural sources, such as animal fats and plant oils. In addition, the product has lower toxicity than its substitutes (such as diethylene glycol, ceramides, and propylene glycols) and organic solvents (such as C6H14) owing to its high LD50.
The higher the LD50 dose, the less toxic the chemical developed, and vice-versa. The non-toxic nature of the product makes it preferable for use in the food & beverages industry. The market is highly competitive, with companies engaged in expanding their production capacity along with enhancing regional presence. Companies are also adopting strategies, such as partnerships and acquisitions, to gain a competitive edge in the market. For instance, in February 2023, KLK OLEO entered into an agreement to acquire Italy-based Temix Oleo. This acquisition is expected to help KLK Oleo strengthen its oleochemicals division, which includes the production of glycerin
North America Glycerol Market Report Highlights:
- The bio-diesel raw material segment dominated the market with the highest revenue share of 55.7% in 2022 due to the high consumer awareness regarding naturally sourced products and demand for biodiesel
- The refined glycerol segment is projected to grow at the highest CAGR of 5.1% from 2023 to 2033 as a result of its extensive usage as an effective additive in various personal care and home care formulations due to its emulsifying and moisturizing properties
- The plant source segment dominated the market with the highest revenue share of 50.1% in 2022 owing to their renewable and sustainable nature. Vegetable oils, such as soybean and palm oil, are among the most common plant sources of glycerol
- The personal care & cosmetics segment dominated the market with the highest revenue share of 32.1% in 2022 due to high product utilization in enhancing the smoothness of skin care products, shaving creams, hair care products, soaps, water-based personal lubricants, etc.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.4 Information analysis
- 1.5 Market formulation & data visualization
- 1.6 Data validation & publishing
- 1.6.1 Research scope and assumptions
- 1.6.2 List to Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 North America Glycerol: Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global glycerol Market Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Manufacturing/ Technology Trends
- 3.2.2 Sales Channel Analysis
- 3.3 Impact of Biodiesel & Renewable Diesel
- 3.3.1 North America Renewable Diesel Growth Trends
- 3.3.2 North America Biodiesel Growth Trends
- 3.3.3 Impact on North America Glycerol Availability
- 3.4 Regulatory Framework
- 3.5 Price Trend Analysis, 2013 - 2033
- 3.6 Trade Analysis -Glycerol (HS Code: 290545)
- 3.6.1 U.S. Glycerol Imports, 2017 - 2022 (Tons)
- 3.6.2 U.S. Glycerol Imports, 2017 - 2022 (USD)
- 3.6.3 U.S. Glycerol Exports, 2017 - 2022 (Tons)
- 3.6.4 U.S. Glycerol Exports, 2017 - 2022 (USD)
- 3.6.5 Canada Glycerol Imports, 2017 - 2022 (Tons)
- 3.6.6 Canada Glycerol Imports, 2017 - 2022 (USD)
- 3.6.7 Canada Glycerol Exports, 2017 - 2022 (Tons)
- 3.6.8 Canada Glycerol Exports, 2017 - 2022 (USD)
- 3.6.9 Mexico Glycerol Imports, 2017 - 2022 (Tons)
- 3.6.10 Mexico Glycerol Imports, 2017 - 2022 (USD)
- 3.6.11 Mexico Glycerol Exports, 2017 - 2022 (Tons)
- 3.6.12 Mexico Glycerol Exports, 2017 - 2022 (USD)
- 3.7 Market Dynamics
- 3.7.1 Market Driver Analysis
- 3.7.2 Market Restraint Analysis
- 3.7.3 Industry Challenges analysis
- 3.7.4 Industry opportunity analysis
- 3.8 Business Environment Analysis
- 3.8.1 Industry Analysis - Porter
- 3.8.2 PESTEL Analysis
Chapter 4 North America Glycerol Market: Supplier Portfolio Analysis
- 4.1 List of Raw Material Suppliers
- 4.2 Raw Material Trends
- 4.3 Portfolio Analysis/Kraljic Matrix
- 4.4 Engagement Model
- 4.5 Negotiation Strategies
- 4.6 Sourcing Best Practices
Chapter 5 North America Glycerol Market: Raw Material Estimates & Trend Analysis
- 5.1 Raw Material Movement Analysis & Market Share, 2022 & 2033
- 5.1.1 Biodiesel
- 5.1.2 Fatty Acids
- 5.1.3 Fatty Alcohols
- 5.1.4 Soaps
Chapter 6 North America Glycerol Market: Type Estimates & Trend Analysis
- 6.1 Type Movement Analysis & Market Share, 2022 & 2033
- 6.1.1 Crude
- 6.1.2 Refined
Chapter 7 North America Glycerol Market: Source Estimates & Trend Analysis
- 7.1 Source Movement Analysis & Market Share, 2022 & 2033
- 7.1.1 Plant
- 7.1.2 Animal
- 7.1.3 Synthetic
Chapter 8 North America Glycerol Market: End-use Estimates & Trend Analysis
- 8.1 End-Use Movement Analysis & Market Share, 2022 & 2033
- 8.1.1 Food & Beverages
- 8.1.2 Pharmaceuticals
- 8.1.3 Nutraceuticals
- 8.1.4 Personal Care & Cosmetics
- 8.1.5 Industrial
- 8.1.6 Other End-uses
Chapter 9 North America Glycerol Market: Regional Estimates & Trend Analysis
- 9.1 North America Glycerol Market: Regional Outlook
- 9.2 North America
- 9.2.1 North America Glycerol Market Estimates & Forecasts, 2013 - 2033 (Kilotons) (USD Million)
- 9.2.2 U.S.
- 9.2.2.1 Key country dynamics
- 9.2.2.2 U.S. Glycerol Market Estimates & Forecasts, 2013 - 2033 (Kilotons) (USD Million)
- 9.2.3 Canada
- 9.2.3.1 Key country dynamics
- 9.2.3.2 Canada Glycerol Market Estimates & Forecasts, 2013 - 2033 (Kilotons) (USD Million)
- 9.2.4 Mexico
- 9.2.4.1 Key country dynamics
- 9.2.4.2 Mexico Glycerol Market Estimates & Forecasts, 2013 - 2033 (Kilotons) (USD Million)
Chapter 10 Competitive Landscape
- 10.1 Recent Devepment & Impact Analysis, By Key Market Participants
- 10.2 Company Categorization
- 10.3 Vendor Landscape
- 10.4 Company Market Positioning Analysis 2022
- 10.5 Company Heat Map Analysis
- 10.6 Strategy Mapping
- 10.6.1 Expansions
- 10.6.2 Collaborations
- 10.6.3 Partnerships/Joint Ventures
- 10.6.4 New Product/facility launch
- 10.7 Company Listing (Business Overview, Financial Performance, Product Benchmarking)
- 10.7.1 ADM
- 10.7.2 BASF SE
- 10.7.3 Cargill, Incorporated.
- 10.7.4 CREMER OLEO GmbH & Co. KG
- 10.7.5 Dow
- 10.7.6 Emery Oleochemicals
- 10.7.7 Kao Corporation
- 10.7.8 KLK OLEO
- 10.7.9 Oleon NV
- 10.7.10 Procter & Gamble Chemicals
- 10.7.11 Wilmar International Ltd
List of Tables
- Table 1 U.S. Glycerol Imports, 2017 - 2022 (Tons)
- Table 2 U.S. Glycerol Imports, 2017 - 2022 (USD)
- Table 3 U.S. Glycerol Exports, 2017 - 2022 (Tons)
- Table 4 U.S. Glycerol Exports, 2017 - 2022 (USD)
- Table 5 Canada Glycerol Imports, 2017 - 2022 (Tons)
- Table 6 Canada Glycerol Imports, 2017 - 2022 (USD)
- Table 7 Canada Glycerol Exports, 2017 - 2022 (Tons)
- Table 8 Canada Glycerol Exports, 2017 - 2022 (USD)
- Table 9 Mexico Glycerol Imports, 2017 - 2022 (Tons)
- Table 10 Mexico Glycerol Imports, 2017 - 2022 (USD)
- Table 11 Mexico Glycerol Exports, 2017 - 2022 (Tons)
- Table 12 Mexico Glycerol Exports, 2017 - 2022 (USD)
- Table 13 List of Glycerol Raw Material Suppliers in North America
- Table 14 U.S. macro-economic outlay
- Table 15 Canada macro-economic outlay
- Table 16 Mexico macro-economic outlay
- Table 17 Recent Developments & Impact Analysis, By Key Market Participants
- Table 18 : List of Key Distributors/Channel Partners
- Table 19 : List of Potential End-Users
- Table 20 Company Heat Map Analysis
- Table 21 Participant's Overview
- Table 22 Financial Performance
- Table 23 Product Benchmarking
- Table 24 Key companies undergoing expansions
- Table 25 Key companies involved in mergers & acquisitions
- Table 26 Key companies undertaking innovations
List of Figures
- Fig. 1 North America Glycerol Market Segmentation & Scope
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 North America Glycerol Market Snapshot
- Fig. 7 North America Glycerol Market Segment Snapshot
- Fig. 8 North America Glycerol Market Competitive Landscape Snapshot
- Fig. 9 Global and North America Glycerol Market, Value, 2022, (USD Billion)
- Fig. 10 North America Glycerol Market Value Chain Analysis
- Fig. 11 North America Glycerol Price Trend Analysis, 2013 - 2033 (USD/Kilogram)
- Fig. 12 North America Glycerol - Market Dynamics
- Fig. 13 North America Oleochemicals Market Size & Forecasts and Trend Analysis, 2013 - 2033 (USD Million)
- Fig. 14 PORTER'S Analysis
- Fig. 15 PESTEL Analysis
- Fig. 16 Portfolio Analysis/Kraljic Matrix
- Fig. 17 North America Glycerol Market Estimates & Forecasts, by Raw Material: Key Takeaways
- Fig. 18 North America Glycerol Market Share, By Raw Material, 2022 & 2033
- Fig. 19 North America Glycerol Market Estimates & Forecasts, by Biodiesel, 2013 - 2033 (Kilotons) (USD Million)
- Fig. 20 North America Glycerol Market Estimates & Forecasts, by Fatty Acids, 2013 - 2033 (Kilotons) (USD Million)
- Fig. 21 North America Glycerol Market Estimates & Forecasts, by Fatty Alcohols, 2013 - 2033 (Kilotons) (USD Million)
- Fig. 22 North America Glycerol Market Estimates & Forecasts, by Soaps, 2013 - 2033 (Kilotons) (USD Million)
- Fig. 23 North America Glycerol Market Estimates & Forecasts, by Type: Key Takeaways
- Fig. 24 North America Glycerol Market Share, By Type, 2022 & 2033
- Fig. 25 North America Crude Glycerol Market Estimates & Forecasts, 2013 - 2033 (Kilotons) (USD Million)
- Fig. 26 North America Refined Glycerol Market Estimates & Forecasts, 2013 - 2033 (Kilotons) (USD Million)
- Fig. 27 North America Glycerol Market Estimates & Forecasts, by Source: Key Takeaways
