Product Code: ETC326728 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Indonesia Glycerine Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 9.83% in 2025, climbs to a high of 11.02% in 2027, and moderates to 8.72% by 2029.
By 2027, the Glycerine market in Indonesia is anticipated to reach a growth rate of 11.02%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The glycerine market in Indonesia has witnessed steady growth over the past few years owing to its increased use as an ingredient in various industries including personal care products (soaps & shampoos), food items (confectionery), pharmaceuticals etc. As per latest estimates in 2018, glycerin production volume stood at around 11 thousand metric tons that year with an approximate value of US$26 million. Furthermore, it is projected that this sector will witness further increase with rising demands from numerous sectors over the coming years.
The Indonesia Glycerine market is anticipated to expand due to its diverse applications in industries such as pharmaceuticals, personal care products, and food and beverages. Glycerine`s moisturizing properties drive its use in skincare and cosmetic products. Additionally, its role in the production of medicines, sweeteners, and humectants contributes to sustained market demand.
Challenges might encompass fluctuating feedstock prices, evolving applications beyond traditional sectors, maintaining product purity standards, and addressing environmental concerns related to production processes.
The advent of the COVID-19 pandemic had a substantial impact on various industries, including the glycerine market in Indonesia. The imposition of lockdowns, travel restrictions, and changing consumer behavior disrupted supply chains and led to shifts in demand patterns. The personal care sector, a significant consumer of glycerine for its moisturizing and emollient properties, experienced a period of uncertainty as consumer preferences leaned towards essential products. Similarly, the pharmaceutical industry`s demand for glycerine remained relatively stable due to its role in drug formulations.
Key players may encompass glycerine manufacturers, oleochemical companies, and suppliers like Cargill, Wilmar International, and IOI Oleochemicals, who are involved in glycerine production and its various applications.