Crude Glycerine Market Analysis 2021–2033

Market Size, Revenue, and Growth Forecast

• Market Size (Global): The crude glycerine market was valued at around $1.7 billion in 2024 and is projected to reach $3.5 billion by 20331. The global glycerol (glycerine) market — broader than just crude, includes refined — is projected to be approximately $5.9 billion by 20332.

• CAGR (2021–2033): The crude glycerine market is expected to grow at a CAGR of 4.7% (2023–2030), with acceleration to 8.5% from 2026 to 203312. The crude segment specifically is projected to experience a 6.2% CAGR by 20332.

• Volume/Revenue Share: Biodiesel remains the primary source, accounting for about 59.5% market share in 20232.
   

Market Timeline and Trends

• 2021: Significant output from biofuels (~360 million gallons crude glycerine by U.S. biodiesel in 2021)1.

• 2024–2033: Continuous growth driven by renewable energy expansion, increasing applications in personal care, pharma, and food12.
   

Market Drivers

• Biofuels Demand: Strong correlation between rising biodiesel production and crude glycerine supply12.

• Versatile Applications: Increase in usage in pharmaceuticals, food & beverage, cosmetics, agriculture (animal feed), and personal care12.

• Sustainability Focus: Policies for lower carbon footprint and push towards renewable feedstocks accelerate market expansion1.
   

Opportunities

• Technology Advances: Enhancement in refining and purification unlocks more applications for crude glycerine.

• Emerging Applications: Growing use in formulations for biogas, oleochemicals, feed additives, and sustainable chemicals1.

• Regional Expansion: Asia-Pacific leads in both production and demand, owing to rapid biodiesel output ramp-up in Indonesia, Malaysia, and China32.
   

Restraints

• Supply/Demand Fluctuations: Oversupply or scarcity causes price volatility, impacting producer margins2.

• Infrastructure Gaps: Shortage of purification capacity in emerging markets limits potential1.

• Raw Material Price Variability: Volatility in biodiesel feedstocks and competitive synthetic alternatives, especially in APAC3.
   

Competitor & Segment Analysis

• Key Global Players: Wilmar International, Oleon NV, Cargill, KLK OLEO, Procter & Gamble, Dow, Kao Corporation, Emery Oleochemicals, IOI Oleochemicals, Musim Mas, Croda International, BASF SE, Aemetis, CREMER OLEO, Godrej Industries1342.
   

• Regional/Segment Leaders:

  • Asia-Pacific: Wilmar, Musim Mas, KLK OLEO dominate, leveraging palm oil-based supply34.

  • End-use Segments: Personal care and food & beverage segments are leading consumers (over 30% in F&B; ~34% in personal care)12.

• Competitive Strategies: Focus on vertical integration, R&D for sustainable sourcing, and expansion into emerging markets32.
   

Regional & Country Analysis

• Asia-Pacific: Fastest growth; driven by palm oil abundance (Indonesia, Malaysia), government biofuel mandates, robust chemical sector32.

• Europe & US: Mature markets, supply linked to biodiesel reforms and renewable energy incentives12.

• Latin America: Brazil’s soy-based biodiesel generates significant crude glycerine5.
   

Trends & Technological Shifts

• Refining Innovation: Technology improvements allow higher-purity glycerine, opening new pharma/food markets1.

• Synthetic Competition: Synthetic glycerol sees demand in sectors like Chinese textiles/paper due to consistency and cost3.

• Specialty Applications: Technological trends focus on upcycling crude glycerine for high-value chemicals and polymers5.
   

COVID-19 and Consumer Behavior

• Short-Term Impact: Pandemic-induced lockdowns constrained supply, workforce, and logistics, leading to price swings and reduced demand, especially in cosmetics and industrials56.

• Post-COVID Boom: Recovery started in 2022 as demand for personal care, pharma, and sustainable materials rebounded76.
   

ESG, Porters, PESTEL, SWOT, and Patent Analysis

• ESG Focus: Crude glycerine supports circular economy, valorizing biofuel by-products and reducing waste.

• Porter's Analysis: Intense competition, medium barriers (tech/capital), high buyer power in commodity segments2.
   

• PESTEL:

  • Political: Biofuel mandates drive supply;

  • Economic: Price swings follow energy cycles;

  • Social: Consumer demand for sustainable goods rising;

  • Technological: Innovations in refining/upcycling;

  • Environmental: Positive impact due to waste upcycling.
     

• SWOT:
   

  • Strengths: Renewable, versatile, growing demand;
     

  • Weaknesses: Price volatility, regional supply gaps;
     

  • Opportunities: New applications, emerging markets, pharma;
     

  • Threats: Synthetic substitutes, regulatory risk.
     

• Patent Activity: Focus on refining processes, by-product valorization, chemical upcycling (e.g., propylene glycol, biopolymers)5.
   

• Market Attractiveness: Highest in fast-developing Asia-Pacific, where policy support and feedstock are robust3.
   

Summary Table: Crude Glycerine Market At A Glance

For custom breakdowns (regional/country/segment analysis, Porters, PESTEL, etc.), please specify focus area.

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32. https://www.datainsightsmarket.com/reports/refined-glycerine-1838013

33. https://www.gminsights.com/industry-analysis/glycerol-market-size