Glycerin Market - Forecast (2021 - 2026)
The increasing demand for hybrid vehicles in European Union and North America countries has led to increased consumption of biodiesel. With the aim of reducing carbon footprint, many Europeans have been considering buying alternative fuel vehicles, some of which run on biodiesel. An estimated 852,933 alternative fuel vehicles were purchased and registered in the European Union in 2017. The global glycerin market is complex and unpredictable and complex, since it is a byproduct in the production of biodiesel. The biggest consumers of glycerin is expected to be from the Asia-Pacific region considering its rising demand in beauty and cosmetic products. Pharmaceutical application is expected to be the largest market. Glycerin caters to applications in Agro, cosmetics, pharmaceutical excipient, food, lubricants, oil and gas, personal care and other industries. Its primarily used in applications as an emulsifier, anti-freeze, solvent and humectant. Request Sample What is Glycerin? Glyce...