Glycerol Market Is Estimated To Witness High Growth Owing To Increasing Demand For Personal Care and Pharmaceutical Products
Glycerol Market The global Glycerol Market is estimated to be valued at US$ 2.91 billion in 2022 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023-2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Glycerol, also known as glycerin, is a colorless and odorless liquid that is used in a wide range of industries such as personal care, pharmaceuticals, food and beverages, and chemicals. It is primarily used as a moisturizing agent in personal care products such as creams, lotions, and soaps. Glycerol also finds application in the pharmaceutical industry for the formulation of various medications. The increasing demand for personal care and pharmaceutical products is expected to drive the growth of the glycerol market. Market Key Trends: One key trend in the glycerol market is the growing demand for bio-based glycerol. Bio-based glycerol is derived from renewable sources such as vegetable oils and animal fats, making it an ...