| Product Code: ETC5015720 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cyprus continued to rely on glycerol imports, with top suppliers being Netherlands, Belgium, Malaysia, Greece, and China. The market exhibited high concentration, indicating limited supplier diversity. The compound annual growth rate (CAGR) for 2020-24 was negative at -3.35%, with a significant decline in growth rate from 2023 to 2024 at -32.42%. These trends suggest a challenging environment for glycerol importers in Cyprus, emphasizing the need for strategic planning and diversification of supply sources.

By 2027, Cyprus's Glycerol market is forecasted to achieve a growing growth rate of 5.02%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.

Glycerol, a byproduct of biodiesel production, finds extensive use in the pharmaceutical and food industries. The Cyprus glycerol market is expanding due to increased production of biodiesel and its applications in personal care products, food preservatives, and chemical synthesis.
The Cyprus glycerol market is supported by its applications across multiple sectors such as pharmaceuticals, food, cosmetics, and chemical industries. As glycerol is a key byproduct in biodiesel production, the growth in biofuels has indirectly bolstered the glycerol market. Additionally, increased demand for eco-friendly and biodegradable products in personal care and food industries is further fueling market expansion.
The glycerol market faces challenges from cheaper synthetic substitutes. Furthermore, the market is impacted by fluctuating crude oil prices, as glycerol is often derived as a byproduct from biodiesel production. This volatility can affect production costs and market pricing. The need for product differentiation and sustainable sourcing is also becoming increasingly important in attracting environmentally conscious consumers.
Glycerol, a key derivative of glycerin, is increasingly in demand in the cosmetics and food industries in Cyprus. The government encourages the development of this market by promoting innovation in glycerol extraction techniques and providing financial support for research initiatives aimed at expanding its applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Glycerol Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Glycerol Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Glycerol Market - Industry Life Cycle |
3.4 Cyprus Glycerol Market - Porter's Five Forces |
3.5 Cyprus Glycerol Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Cyprus Glycerol Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Cyprus Glycerol Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Cyprus Glycerol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Glycerol Market Trends |
6 Cyprus Glycerol Market Segmentations |
6.1 Cyprus Glycerol Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Glycerol Market Revenues & Volume, By Biodiesel, 2021-2031F |
6.1.3 Cyprus Glycerol Market Revenues & Volume, By Fatty Alcohols, 2021-2031F |
6.1.4 Cyprus Glycerol Market Revenues & Volume, By Fatty Acids, 2021-2031F |
6.1.5 Cyprus Glycerol Market Revenues & Volume, By Soap, 2021-2031F |
6.2 Cyprus Glycerol Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Glycerol Market Revenues & Volume, By Crude, 2021-2031F |
6.2.3 Cyprus Glycerol Market Revenues & Volume, By Refined, 2021-2031F |
6.3 Cyprus Glycerol Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Glycerol Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.3.3 Cyprus Glycerol Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.3.4 Cyprus Glycerol Market Revenues & Volume, By Nutraceutical , 2021-2031F |
6.3.5 Cyprus Glycerol Market Revenues & Volume, By Personal Care & Cosmetics, 2021-2031F |
6.3.6 Cyprus Glycerol Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.7 Cyprus Glycerol Market Revenues & Volume, By Others, 2021-2031F |
7 Cyprus Glycerol Market Import-Export Trade Statistics |
7.1 Cyprus Glycerol Market Export to Major Countries |
7.2 Cyprus Glycerol Market Imports from Major Countries |
8 Cyprus Glycerol Market Key Performance Indicators |
9 Cyprus Glycerol Market - Opportunity Assessment |
9.1 Cyprus Glycerol Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Cyprus Glycerol Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Cyprus Glycerol Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Cyprus Glycerol Market - Competitive Landscape |
10.1 Cyprus Glycerol Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Glycerol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |