Glycerine Market Sets New Record, Projected at USD 246.48 million by 2030 | CAGR Of 11.0%

Pharmaceutical glycerin is an organic compound known as glycerol and glycerin, and is majorly used as an excipient in the pharmaceutical industry. Glycerin exhibits various benefits in medical and pharmaceutical preparations such as improving smoothness, lubrication, and humectant. It is most commonly utilized in formulation of suppositories, cough syrups, elixirs, and expectorants.

Allied Market Research published a report, titled, “Pharmaceutical Glycerine Market by Application (Excipient, Glycerin As Care Product): Global Opportunity Analysis and Industry Forecast, 2020-2030.” According to the report, the global pharmaceutical glycerine industry was estimated at USD 89.89 million in 2020 and is anticipated to hit USD 246.48 million by 2030, registering a CAGR of 11.0% from 2021 to 2030.

The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

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Drivers, restraints, and opportunities-

Rise in use of glycerin as a substitute for alcohol in herbal and botanical tincture preparation drives the growth of the pharmaceutical glycerine market. In addition, increase in adoption of glycerin in the pharmaceutical industry, owing to its low cost and various medical benefits has supplemented the market growth yet more. On the other hand, adverse effects of pharmaceutical glycerin such as diarrhea, polyuria, nausea, dry mouth, and others restrain growth to some extent. However, ongoing R&D activities related to pharmaceutical glycerin are expected to pave the way for lucrative opportunities in the industry.

𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐟 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐆𝐥𝐲𝐜𝐞𝐫𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

• Cargill
• Universal Preserv A Chem Inc.
• Godrej Group
• Reagents Company
• Archer Daniels Midland Company
• Renewable Energy Group, Inc.
• TCC Glycerin
• Procter and Gamble Co
• Emery Oleochemicals Group
• DuPont

𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐆𝐥𝐲𝐜𝐞𝐫𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

By application, the excipient segment accounted for the highest market share in 2020, generating nearly two-thirds of the global pharmaceutical glycerine market. The same segment is also anticipated to cite the fastest CAGR of 11.2% from 2021 to 2030. The fact that glycerin is a predominant excipient for pharmaceutical products drives segment growth.

By Application

• Excipient
• Glycerin As Care Product

By region, Asia-Pacific, followed by Europe and North America, contributed to the major market share in terms of revenue in 2020, holding nearly half of the global pharmaceutical glycerine market. The same region is also projected to cite the fastest CAGR of 11.9% from 2021 to 2030. This is owing to the presence of top glycerin-producing countries such as Malaysia, Indonesia, India, and Japan.

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Key Benefits For Stakeholders

• This report provides a quantitativepharmaceutical glycerine market analysis of the market segments, current trends, estimations, and dynamics of the pharmaceutical glycerine market size analysis from 2020 to 2030 to identify the prevailing pharmaceutical glycerine market opportunities.
• Pharmaceutical glycerine market trends from various industries and countries have been studied for understanding individual demand and supply patterns.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the pharmaceutical glycerine market opportunity segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global pharmaceutical glycerine market growth trends, key players, market segments, application areas, and market growth strategies.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

By Region Outlook 

• North America
  (U.S., Canada, Mexico)
• Europe
  (Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
  (Japan, China, India, Rest of Asia-Pacific)
• LAMEA
  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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