| Product Code: ETC8842293 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines experienced a significant increase in glycerol carbonate import shipments in 2024, with top exporting countries being Singapore, USA, Japan, Malaysia, and China. The market concentration, as measured by the HHI, reached very high levels in 2024, indicating a competitive landscape dominated by a few key players. The impressive compound annual growth rate (CAGR) of 22.5% from 2020 to 2024 highlights the growing demand for glycerol carbonate in the Philippines. Moreover, the remarkable growth rate of 29.05% from 2023 to 2024 suggests a rapid acceleration in import activities within this sector.

Glycerol carbonate, a versatile chemical used in industrial applications such as coatings, lubricants, and cosmetics, is experiencing growing demand in the Philippines. The market is benefiting from increasing industrialization and the expansion of the personal care and pharmaceutical sectors. Its eco-friendly properties are also attracting interest from sustainable product manufacturers.
The increasing use of bio-based chemicals in industrial applications is driving the glycerol carbonate market in the Philippines. Glycerol carbonate is widely used in coatings, adhesives, and personal care products due to its eco-friendly properties. The growing emphasis on sustainability and the adoption of biodegradable chemicals are further boosting market growth. Additionally, rising demand from the cosmetics and pharmaceutical industries is supporting the expansion of this market.
The glycerol carbonate market struggles with inconsistent raw material supply, as glycerol is often a byproduct of biodiesel production, which fluctuates based on fuel industry trends. The high cost of refining glycerol into high-purity glycerol carbonate limits local production capabilities. Additionally, a lack of awareness and application development for glycerol carbonate in industrial sectors slows market growth.
As a key component in industrial applications and personal care products, glycerol carbonate presents investment opportunities in bio-based chemical production and specialty formulations. Businesses focusing on eco-friendly manufacturing processes and diverse applications can drive market expansion.
The Philippine government enforces chemical safety regulations for glycerol carbonate to ensure compliance with environmental and industrial safety standards. Policies promote local production through incentives for sustainable manufacturing processes. Import regulations require strict adherence to chemical safety guidelines to prevent the entry of substandard products.
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 Philippines Glycerol Carbonate Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Glycerol Carbonate Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Glycerol Carbonate Market - Industry Life Cycle |
3.4 Philippines Glycerol Carbonate Market - Porter's Five Forces |
3.5 Philippines Glycerol Carbonate Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Philippines Glycerol Carbonate Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Philippines Glycerol Carbonate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for environmentally friendly and sustainable products |
4.2.2 Growing awareness about the benefits of glycerol carbonate in various industries |
4.2.3 Favorable government regulations promoting the use of bio-based chemicals |
4.3 Market Restraints |
4.3.1 High production costs associated with glycerol carbonate |
4.3.2 Limited availability of raw materials for glycerol carbonate production |
4.3.3 Competition from alternative chemicals or processes |
5 Philippines Glycerol Carbonate Market Trends |
6 Philippines Glycerol Carbonate Market, By Types |
6.1 Philippines Glycerol Carbonate Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Philippines Glycerol Carbonate Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Philippines Glycerol Carbonate Market Revenues & Volume, By Solvents, 2021- 2031F |
6.1.4 Philippines Glycerol Carbonate Market Revenues & Volume, By Fuel Additives, 2021- 2031F |
6.1.5 Philippines Glycerol Carbonate Market Revenues & Volume, By Monomers, 2021- 2031F |
6.1.6 Philippines Glycerol Carbonate Market Revenues & Volume, By Chemical Intermediates, 2021- 2031F |
6.1.7 Philippines Glycerol Carbonate Market Revenues & Volume, By Others (including Concrete Mineral), 2021- 2031F |
6.2 Philippines Glycerol Carbonate Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Philippines Glycerol Carbonate Market Revenues & Volume, By Detergents, 2021- 2031F |
6.2.3 Philippines Glycerol Carbonate Market Revenues & Volume, By Cements, 2021- 2031F |
6.2.4 Philippines Glycerol Carbonate Market Revenues & Volume, By Fuels, 2021- 2031F |
6.2.5 Philippines Glycerol Carbonate Market Revenues & Volume, By Paints & Coatings, 2021- 2031F |
6.2.6 Philippines Glycerol Carbonate Market Revenues & Volume, By Plastics, 2021- 2031F |
6.2.7 Philippines Glycerol Carbonate Market Revenues & Volume, By Others (including Cosmetics and Personal Care), 2021- 2031F |
7 Philippines Glycerol Carbonate Market Import-Export Trade Statistics |
7.1 Philippines Glycerol Carbonate Market Export to Major Countries |
7.2 Philippines Glycerol Carbonate Market Imports from Major Countries |
8 Philippines Glycerol Carbonate Market Key Performance Indicators |
8.1 Adoption rate of glycerol carbonate in key industries (e.g., cosmetics, pharmaceuticals) |
8.2 Research and development investments in glycerol carbonate technologies |
8.3 Environmental impact assessments and certifications for glycerol carbonate production and usage |
9 Philippines Glycerol Carbonate Market - Opportunity Assessment |
9.1 Philippines Glycerol Carbonate Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Philippines Glycerol Carbonate Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Philippines Glycerol Carbonate Market - Competitive Landscape |
10.1 Philippines Glycerol Carbonate Market Revenue Share, By Companies, 2024 |
10.2 Philippines Glycerol Carbonate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |