Product Code: ETC326727 | 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 Singapore Glycerine Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 0.00% in 2025, the market peaks at 0.00% in 2027, and settles at 0.00% by 2029.
By 2027, Singapore's Glycerine market is forecasted to achieve a stable growth rate of 0.00%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The Singapore Glycerine market is a vital component of the chemicals and personal care industries. Glycerine, a versatile chemical, is used in cosmetics, pharmaceuticals, and various industrial processes. In cosmetics, glycerine is appreciated for its moisturizing properties, while in the pharmaceutical industry, it serves as a key ingredient in medicines and creams. As Singapore continues to be a hub for both manufacturing and international trade, the demand for glycerine remains steady. Furthermore, the growing awareness of sustainable sourcing and production methods has led to an increased interest in bio-based glycerine products.
The Singapore Glycerine market is experiencing growth due to several factors. Glycerine, a versatile chemical, finds applications in various industries, including pharmaceuticals, cosmetics, food, and personal care products. The increasing demand for natural and organic cosmetics and personal care items has boosted glycerine usage. Additionally, glycerine`s role as a humectant and moisturizer in skincare products enhances its popularity. Furthermore, its applications in pharmaceutical formulations and the food industry contribute to market expansion. Moreover, the accessibility of glycerine through various supply chains and its eco-friendly profile align with consumer preferences for sustainable products.
The Singapore Glycerine market contends with challenges related to supply chain logistics and fluctuations in raw material prices. Glycerine is a byproduct of various industries, and its availability can fluctuate based on the demand for its parent industries. Moreover, price volatility in the glycerine market can affect profitability. Companies need to establish stable supply chains and implement effective price risk management strategies to mitigate these challenges.
The Singapore glycerine market, a key component in various industries, was also impacted by the pandemic. The disruptions in logistics and trade had a significant influence on glycerine`s supply chain. The pharmaceutical and personal care industries, which are major consumers of glycerine, experienced fluctuations in demand. The increased demand for sanitizers and pharmaceutical products created a surge in glycerine consumption, while other sectors, such as cosmetics, faced reduced sales. As the situation stabilized and hygiene remained a top priority, the glycerine market found a new equilibrium.
In the Singapore Glycerine market, major suppliers include Wilmar International Limited, IOI Oleochemicals, and Emery Oleochemicals. They manufacture and distribute glycerine for various applications, including cosmetics, pharmaceuticals, and food.