Demand for chemical intermediate production propels Global Glycerine market
Market overview:
The Global Glycerin Market is expected to grow further by 2020 with a valuation of 3.12 billion US dollars and will expand with a CAGR of 6.8% during the forecast period of 2020 to 2025.

Market Drivers and Restrains:
Rising consumer interest in color cosmetics, increasing use in personal care and cosmetics industries drives the growth of the market. Growing applications and augmented demand for glycerin in chemical intermediate production are some of the driving factors of the worldwide Glycerin market. However, availability of duplicate products in the market are some of the restraints to the expansion of Glycerin industry.

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Report is segmented as:
The global Glycerin market is segmented based on grade, source and application. By grade, the Glycerin market is bifurcated into crude glycerin and refined glycerin.

By source, the market is separated into biodiesels, fatty acids, fatty alcohols and other sources.

By application, the Glycerin market is divided into pharmaceuticals, food and beverage, allkyd resins, personal care and cosmetics, industrial chemicals, polyether polyols, tobacco humectants and other applications.

Geographical Segmentation:
Asia Pacific holds the major share of the global Glycerin market owing to the increasing demand for cosmetics and personal care products in the region especially in the countries such as India, China and Japan. This region is also expected to hold the dominance of the market during the outlook period. North America holds the second largest share of the Glycerin market because of the increasing investments by the companies for the new technological advancements in this locale.

Impact of COVID-19 on Glycerin Market
The world suffered a lot due to the unprecedented coronavirus disease. Due to COVID-19 pandemic, all the industries are facing a lot of financial crisis with the halt of their businesses because of the lockdown imposed by the government authorities. Also, the companies related to the Glycerin are also facing financial crisis due to this pandemic and some companies have terminated most of the employees as they cannot pay them salaries. As per the analysis, the Glycerin market is supposed to bounce back in the next two to three years.

Key market players:
Major market players of Glycerin are: Croda International Plc (U.K.), Wilmar International (Singapore), KLK Berhad (Malaysia), Godrej Industries (India), Global glycerin manufacturers include Emery Oleochemicals (Malaysia), IOI Oleochemicals (Malaysia), Cargill Incorporated (U.S.), P&G Chemicals (U.S.), Kao Corporation (Japan), and Avril Group (France)

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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