The global crude glycerine market size was valued at USD 683.1 million in 2020 and is anticipated to grow at a compound annual growth rate (CAGR) of 8.1% during the forecast period. The market is driven by increasing biodiesel production, which generates crude glycerine as a by-product, along with growing demand from the chemical, pharmaceutical, and animal feed industries.
Market Drivers
Key factors supporting the growth of the crude glycerine market include the expansion of biodiesel production, the rising use of glycerine derivatives in industrial applications, and growing awareness of sustainable raw materials. Additionally, increased usage in animal feed, personal care, and food & beverage sectors is expected to propel market expansion.
Market Segmentation
The market is segmented based on source, application, and region.
- By Source: Biodiesel, soap manufacturing, fatty alcohol production
- By Application: Animal feed, personal care, pharmaceuticals, industrial chemicals
- By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Key Players
Leading companies operating in the global crude glycerine market include:
- GF Energy
- Oleon NV
- Cargill
- Aemetis, Inc.
- Peter Cremer
- Pasand Speciality Chemicals
- Renewable Energy Group, Inc.
- Abengoa Bioenergia SA
- Cremer Oleo GmbH & Co. KG
- STOCKMEIER Chemie GmbH & Co. KG
Conclusion
The crude glycerine market is expected to witness steady growth, supported by the rising global demand for bio-based products and sustainable chemical feedstocks. Market players are focusing on refining technologies and expanding end-use applications to strengthen their competitive positioning.
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