| Product Code: ETC5015740 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Hong Kong`s glycerol import market in 2024 continues to be dominated by Malaysia, China, Indonesia, UK, and USA. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the market experienced a negative Compound Annual Growth Rate (CAGR) of -2.61% from 2020 to 2024. The growth rate plummeted even further in 2024 with a -20.15% decline compared to the previous year. This suggests a challenging environment for glycerol importers in Hong Kong, potentially impacted by various factors such as global economic conditions and changing market dynamics.

The glycerol market in Hong Kong is expanding, driven by its versatility and use in various industrial and consumer products. Glycerol is used in pharmaceuticals, food and beverages, cosmetics, and as a feedstock for biofuels. The market is supported by the growing demand for eco-friendly and biodegradable products, along with the rise in bio-based chemicals and renewable energy sources.
The drivers of the Hong Kong glycerol market include the growing demand for glycerol in various applications, such as personal care, food and beverages, and pharmaceuticals. The increasing use of glycerol as a solvent, moisturizer, and emulsifier in a wide range of consumer products supports market growth. Additionally, the push for bio-based chemicals and renewable resources further drives the glycerol market.
The glycerol market in Hong Kong faces challenges with maintaining consistent product quality, as the supply chain for raw materials is often unstable. Regulatory standards regarding purity and safety also increase production costs, making it difficult for businesses to maintain profitability.
The glycerol market is subject to Hong Kong regulations on chemical safety and environmental sustainability. Policies promoting the use of bio-based materials influence the glycerol industry, especially in applications such as cosmetics, food, and pharmaceuticals. The government also enforces strict import regulations to ensure that glycerol products meet international safety and environmental standards.
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 Hong Kong Glycerol Market Overview |
3.1 Hong Kong Country Macro Economic Indicators |
3.2 Hong Kong Glycerol Market Revenues & Volume, 2021 & 2031F |
3.3 Hong Kong Glycerol Market - Industry Life Cycle |
3.4 Hong Kong Glycerol Market - Porter's Five Forces |
3.5 Hong Kong Glycerol Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Hong Kong Glycerol Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Hong Kong Glycerol Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Hong Kong Glycerol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the benefits of glycerol in personal care and pharmaceutical industries |
4.2.2 Growing demand for bio-based products in various end-use industries |
4.2.3 Government initiatives promoting the use of sustainable raw materials in production processes |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of glycerol |
4.3.2 Stringent regulations regarding the use and disposal of glycerol waste |
4.3.3 Competition from alternative products in the market |
5 Hong Kong Glycerol Market Trends |
6 Hong Kong Glycerol Market Segmentations |
6.1 Hong Kong Glycerol Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Hong Kong Glycerol Market Revenues & Volume, By Biodiesel, 2021-2031F |
6.1.3 Hong Kong Glycerol Market Revenues & Volume, By Fatty Alcohols, 2021-2031F |
6.1.4 Hong Kong Glycerol Market Revenues & Volume, By Fatty Acids, 2021-2031F |
6.1.5 Hong Kong Glycerol Market Revenues & Volume, By Soap, 2021-2031F |
6.2 Hong Kong Glycerol Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Hong Kong Glycerol Market Revenues & Volume, By Crude, 2021-2031F |
6.2.3 Hong Kong Glycerol Market Revenues & Volume, By Refined, 2021-2031F |
6.3 Hong Kong Glycerol Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Hong Kong Glycerol Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.3.3 Hong Kong Glycerol Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.3.4 Hong Kong Glycerol Market Revenues & Volume, By Nutraceutical , 2021-2031F |
6.3.5 Hong Kong Glycerol Market Revenues & Volume, By Personal Care & Cosmetics, 2021-2031F |
6.3.6 Hong Kong Glycerol Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.7 Hong Kong Glycerol Market Revenues & Volume, By Others, 2021-2031F |
7 Hong Kong Glycerol Market Import-Export Trade Statistics |
7.1 Hong Kong Glycerol Market Export to Major Countries |
7.2 Hong Kong Glycerol Market Imports from Major Countries |
8 Hong Kong Glycerol Market Key Performance Indicators |
8.1 Percentage of glycerol usage in the personal care and pharmaceutical industries |
8.2 Number of new product launches using glycerol as a key ingredient |
8.3 Investment in research and development for enhancing glycerol applications |
9 Hong Kong Glycerol Market - Opportunity Assessment |
9.1 Hong Kong Glycerol Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Hong Kong Glycerol Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Hong Kong Glycerol Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Hong Kong Glycerol Market - Competitive Landscape |
10.1 Hong Kong Glycerol Market Revenue Share, By Companies, 2024 |
10.2 Hong Kong Glycerol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |