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ween 2018 and 2028. As per the insights in the report, the glycerin market is expected to witness robust growth from 2018 to 2026 owing to rising demand for refined form of glycerin from pharmaceutical, personal care Lars Eller Jersey , food and chemical applications, among others.


The market was valuated at US$ 2,868.2 Mn in 2017 & is expected to expand at a CAGR of 5.1% during the forecast period. Increasing annual income of consumers has led to a drastic increase in demand for personal care and other products where glycerin is used as a key ingredient. This explains the projected high growth of the glycerin market during the forecast period.


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R&D for New Applications to Present Growth Opportunities for Market Players


The market is fairly large and there are many players that have established themselves at domestic as well as global level. The activities of these players are majorly focused on expansion and investments in high growth regions while expanding their production and refining capacity.


Besides consolidation, the glycerin market has been witnessing considerable growth because of increasing per capita consumption of personal care products across the globe. This is further aided by increasing annual incomes of consumers Jakub Vrana Jersey , which has increased their propensity to spend more on such products.


The market is expected to grow at a significant rate owing to availability of opportunities in the form of research and development (R&D) for new and innovative applications of glycerin which can help increase consumption and channelize the surplus glycerin.


Refined form, Pharma & Food Grade and Biodiesel Source Segments to Remain Prominent in Glycerin Market


The market has been segmented on the basis of form, grade, source of production and applications besides regions.

The co

4. Market Background
4.1. Macroeconomic Factors