How Big is the Glycerol Market | Growth & Trends 2031

Q: How big is the glycerol market?

The glycerol market was estimated at USD 3.5 billion in 2024 and is projected to reach USD 5.6 billion by 2031.

Q: What is the growth rate of the glycerol market?

The glycerol market is expected to grow at a CAGR of 9.60% from 2025 to 2031.

Q: What is driving the demand for glycerol?

Demand from the personal care, pharma, food industries, and biodiesel production is a key driver.

Q: Who are the major players in the glycerol market?

Leading players include Wilmar, P&G Chemicals, Cargill, BASF, and Emery Oleochemicals.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA6880

Publication Date: Aug 2025

What is the size of Glycerol Market?

According to 6Wresearch internal database and industry insights, the Global Glycerol Market was estimated at USD 3.5 billion in 2024 and is projected to reach USD 5.6 billion by 2031, growing at a CAGR of 9.60% during the forecast period 2025–2031.

Due to increasing demand across personal care, pharmaceutical, food and beverage, and industrial applications, along with the growing production of biodiesel which yields glycerol as a byproduct, the global glycerol market is predicted for the strong growth in the coming years.

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Key Growth Drivers of the Glycerol Market

Rising usage in personal care and skincare formulations
Growing demand from the pharmaceutical and healthcare industries
Expansion of the food and beverage sector requiring humectants and sweeteners
Increased biodiesel production globally contributing to glycerol availability
Development of bio-based chemicals and sustainable industrial inputs

Glycerol Market Trends

Glycerol Market is undergoing for transformation with notable trend which include the rising shift towards refined and high-purity glycerol used in pharmaceuticals and cosmetics. The adoption of vegetable-based glycerol is increasing for clean-label and vegan products. Technological improvements in glycerol refining from biodiesel byproducts are enhancing quality and usability. Asia-Pacific is emerging as a key growth region due to rapid industrialization and rising cosmetic consumption.

Emerging Developments in the Glycerol Market

Glycerol market is advancing as the utilization of glycerol is increasing in the production of bioplastics, antifreeze, and environmentally friendly solvents. With the time, companies have started investing in advanced refining technologies for pharmaceutical-grade glycerol. This market is rising shift towards palm-free and sustainable sourcing to meet ethical standards. Innovations include glycerol-based fuel additives and polymer applications. Collectively, all these developments are contributing in the expansion of the market.