Crude Glycerine Market Size, Share, Growth, And Industry Analysis by Type (<80% Glycerol Contain, 80%-85% Glycerol Contain, 86%-90% Glycerol Contain, >90% Glycerol Contain) by Application (Waste Water Treatment, Dust Suppression, Oleochemistry, Biogas, Animal Feed & Others) and Regional Forecast to 2032

Updated On: 29 April 2024

CRUDE GLYCERINE MARKET REPORT OVERVIEW

The global crude glycerine market size was USD 1064.5 million in 2022 and market is projected to touch USD 1275.5 million by 2029 at CAGR 3.1% during the forecast period.

Crude glycerine, a byproduct of biodiesel production, is a versatile substance with diverse applications. Its high viscosity and solubility make it valuable in various industries. In cosmetics, it serves as an emollient and humectant, enhancing skin hydration and texture. In pharmaceuticals, it's utilized in formulations for suppositories and cough syrups. Furthermore, it finds application in the production of resins, plastics, and lubricants, owing to its lubricating properties. Additionally, crude glycerine serves as a feedstock for the synthesis of chemicals like propylene glycol and epichlorohydrin. Its multifaceted nature renders it indispensable across numerous sectors, driving demand in the market.

The growth of the market is propelled by several factors. Firstly, the increasing demand for biodiesel as a renewable energy source leads to higher production volumes, consequently generating more crude glycerine as a byproduct. Secondly, its versatile applications across industries such as cosmetics, pharmaceuticals, and automotive fuel the demand. Additionally, the rising awareness and adoption of sustainable and eco-friendly products further contribute to market expansion. Moreover, ongoing research and development efforts to explore new applications and enhance product efficiency continue to stimulate demand. These combined factors drive the upward trajectory of the crude glycerine market size.

COVID-19 Impact: Supply Chain Disruptions and Reduced Industrial Activities Decreased Initial Demand

The COVID-19 pandemic has been unprecedented and staggering, with crude glycerine market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic has had a mixed impact on the crude glycerine industry. Initially, disruptions in supply chains and reduced industrial activities led to a temporary decrease in demand. Shutdowns of biodiesel production facilities also affected the availability of crude glycerine. However, as the pandemic prompted a heightened focus on hygiene and healthcare, the demand for pharmaceutical and personal care products containing glycerine surged. Additionally, the shift towards renewable and sustainable products accelerated during the pandemic, further boosting the demand for biodiesel and its byproducts like crude glycerine. Despite initial setbacks, the market has shown resilience and is poised for recovery and growth in the post-pandemic era.

LATEST TRENDS

"Development of Innovative Uses for Crude Glycerine Prominent Trend"

One emerging trend in the crude glycerine industry is the development of innovative uses and applications for this versatile substance. Leading players are investing in research and development to create new products and technologies that leverage the properties of crude glycerine. For instance, there's a growing focus on the utilization of crude glycerine in the production of bio-based chemicals, such as bioplastics and biopolymers, offering sustainable alternatives to traditional petroleum-derived materials. Moreover, advancements in refining processes are enabling the production of higher-purity glycerine, expanding its potential applications across industries. Major players are also exploring partnerships and collaborations to enhance their technological capabilities and capture emerging market opportunities in this dynamic landscape.

CRUDE GLYCERINE MARKET SEGMENTATION

By type

Depending on crude glycerine market given are types: <80% Glycerol Contain, 80%-85% Glycerol Contain, 86%-90% Glycerol Contain, >90% Glycerol Contain. The <80% Glycerol Contain type will capture the maximum market share through 2028.  

• <80% Glycerol Contain: This segment comprises crude glycerine with a glycerol content of less than 80%. It typically has higher impurities and is commonly used in applications where purity requirements are less stringent, such as in industrial processes like manufacturing of resins or lubricants.
• 80%-85% Glycerol Contain: Crude glycerine falling within this segment contains glycerol in the range of 80% to 85%. It finds applications in sectors like cosmetics, pharmaceuticals, and agriculture, where a moderate level of purity is sufficient for formulation or production processes.
• 86%-90% Glycerol Contain: This segment includes crude glycerine with a glycerol content ranging from 86% to 90%. It is sought after for applications requiring higher purity, such as in the production of food additives, personal care products, and pharmaceutical formulations.
• >90% Glycerol Contain: Crude glycerine in this segment contains more than 90% glycerol. It represents the highest purity level among the segments and is primarily used in industries with stringent quality requirements, including food, pharmaceuticals, and cosmetics, where purity and consistency are critical.

By Application

The market is divided into Waste Water Treatment, Dust Suppression, Oleochemistry, Biogas, Animal Feed & Others based on application. The global crude glycerine market players in cover segment like Waste Water Treatment will dominate the market share during 2022-2028.

• Waste Water Treatment: Crude glycerine is utilized in waste water treatment processes as a carbon source for biological treatment, aiding in the removal of organic pollutants. Its biodegradable properties make it an effective and eco-friendly option for enhancing the treatment efficiency of industrial and municipal wastewater.
• Dust Suppression: In the dust suppression application, crude glycerine is used as a dust control agent to mitigate airborne dust particles in various industrial and construction settings. Its high viscosity and adhesive properties help to bind dust particles together, reducing air pollution and improving air quality in work environments.
• Oleochemistry: Crude glycerine serves as a feedstock in oleochemical processes, where it undergoes refining to produce high-value derivatives like fatty acids, fatty alcohols, and esters. These oleochemicals find applications in industries such as cosmetics, pharmaceuticals, and detergents, contributing to the production of a wide range of consumer products.
• Biogas: Crude glycerine is utilized as a substrate in anaerobic digestion processes to produce biogas, a renewable energy source consisting primarily of methane and carbon dioxide. The fermentation of crude glycerine by microorganisms generates biogas, which can be used for electricity generation, heating, or as a vehicle fuel, contributing to sustainable energy production.
• Animal Feed: Crude glycerine is used as a feed ingredient in animal nutrition, providing a source of energy and enhancing feed palatability. It is particularly valuable in livestock diets, such as for ruminants and poultry, where it can partially replace traditional energy sources like corn or soybean meal, helping to reduce feed costs.
• Others: This category encompasses additional applications of crude glycerine, including its use as a raw material in the production of various chemicals, such as propylene glycol and epichlorohydrin. Additionally, it may find niche applications in areas like soil amendment, where its organic properties contribute to soil fertility and moisture retention.

DRIVING FACTORS

"Increasing Demand for Biodiesel A Market Driver"

One driving factor behind the market growth for crude glycerine is the increasing demand for biodiesel. As governments worldwide implement policies to reduce greenhouse gas emissions and promote renewable energy sources, the demand for biodiesel as an alternative fuel has surged. Crude glycerine is a byproduct of biodiesel production, and the expanding biodiesel industry generates higher volumes of crude glycerine, thus driving market growth. Additionally, the rising awareness of environmental sustainability and the need to diversify energy sources further contribute to the demand for biodiesel and consequently, crude glycerine, propelling market expansion.

"Versatile Applications Across Multiple Industries Another Driving Factor "

Another driving factor in the market growth for crude glycerine is its versatile applications across multiple industries. With properties such as viscosity, solubility, and biodegradability, crude glycerine finds use in sectors ranging from cosmetics and pharmaceuticals to automotive and agriculture. As industries seek sustainable and eco-friendly alternatives, crude glycerine emerges as a valuable raw material. Its ability to serve as a feedstock for the production of various chemicals further enhances its demand. Additionally, ongoing research and development efforts to explore new applications and improve product efficiency continue to fuel market growth, driving its adoption across diverse sectors.

RESTRAINING FACTORS

"Fluctuation in Biodiesel Production Key Market Restraint "

One restraining factor impacting the crude glycerine market growth is the fluctuation in biodiesel production. Since crude glycerine is a byproduct of biodiesel manufacturing, any disruptions or fluctuations in biodiesel production volumes directly affect the availability of crude glycerine. Factors such as changes in government policies, market conditions, and raw material availability can lead to fluctuations in biodiesel production, consequently impacting the supply of crude glycerine. Such uncertainties in the biodiesel market can create challenges for crude glycerine suppliers and consumers, potentially restraining the overall growth and stability of the market.

CRUDE GLYCERINE MARKET REGIONAL INSIGHTS

"The market is primarily segregated into Europe, Latin America, Asia Pacific, North America and Middle East & Africa."

Europe Poised to Maintain Key Position Promoting Adoption of Renewable Energy Sources

Europe emerges as a leading region in the market, demonstrating substantial growth potential. The region's prominence can be attributed to stringent environmental regulations promoting the adoption of renewable energy sources like biodiesel, thereby driving the production of crude glycerine as a byproduct. Additionally, Europe's robust industrial infrastructure and technological advancements foster innovation in crude glycerine applications across various sectors, including cosmetics, pharmaceuticals, and automotive. Furthermore, the region's increasing emphasis on sustainability and eco-friendly practices further propels the demand for crude glycerine. With favorable market conditions and supportive regulatory frameworks, Europe is poised to maintain its position as a key player in the global crude glycerine market share.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

The crude glycerine market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Renewable Energy Group (U.S.)
• Abengoa Bioenergia SA (Spain)
• GF Energy (Austria)
• Peter Cremer (Germany)
• Cargill (U.S.)
• Oleon/Avril (Belgium)
• Pasand Speciality Chemicals (India)

INDUSTRIAL DEVELOPMENT

October 2021: Renewable Energy Group (REG) announced a strategic expansion initiative with the acquisition of Imperium Renewables, Inc., a leading biodiesel producer. This development aimed to strengthen REG's position in the renewable fuels market and enhance its production capacity. By integrating Imperium's state-of-the-art facilities and technology, REG expanded its footprint in key regions and diversified its product portfolio. This acquisition aligned with REG's commitment to sustainable energy solutions and positioned the company for continued growth and leadership in the biodiesel industry, contributing to the advancement of renewable energy initiatives worldwide.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.