The global Glycerol  Market was valued at USD 4.9 billion in 2023 and is projected to reach USD 5.9 billion by 2033, expanding at a CAGR of 1.9% during the forecast period. This steady growth reflects the growing demand for glycerol across key sectors such as pharmaceuticals, personal care, and food & beverages. Thanks to its wide-ranging functionality—as a humectant, sweetener, and solvent—glycerol has become a vital ingredient in various commercial and industrial applications. In 2023, Asia Pacific led the market, driven by a rising focus on health and wellness. Refined glycerol accounted for 78% of the market share, and biodiesel remained the top source, making up 59.5% of total production. Key Takeaways Market Value: Expected to grow from USD 4.9 billion in 2023 to USD 5.9 billion by 2033, registering a 1.9% CAGR. Refined Glycerol: Dominated the market with a 78% share in 2023, commonly used in cosmetics and home care. Crude Glycerol: Set to expand at a CAGR of 6.2%, with applications growing in budget-friendly personal care and supplements. Biodiesel-based glycerol accounted for 59.5%, benefiting from green energy initiatives. Pharmaceuticals and nutraceuticals are expanding swiftly. Fatty alcohols are gaining popularity in cosmetics and cleaning products. Personal care & cosmetics dominated with 34% share in 2023 Asia-Pacific led regional demand, advancing at 6.5% CAGR due to lifestyle and dietary shifts. Sample Report Request For More Trending Reports: https://market.us/report/glycerol-market/free-sample/

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