Global Glycerol Market Is Estimated To Witness High Growth Owing To Opportunity Of Rising Demand From Personal Care And Pharmaceutical Industries
Glycerol Market Glycerol or glycerine is a colorless, odorless, viscous liquid which is widely used in pharmaceuticals, personal care, food & beverage, and other industries. It is used as a humectant in toothpaste, mouthwashes, skin creams, deodorants, etc. to prevent moisture loss. Glycerol also serves as a thickening agent, solvent and sweetening agent and preservative in various food and beverage products. Moreover, glycerol finds applications as a sweetening, thickening and stabilizing agent in products like syrups, cough drops and lozenges. The global Glycerol Market is estimated to be valued at Us$ 3.63 Bn in 2024 and is expected to exhibit a CAGR Of 10% over the forecast period 2024 To 2031 , as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The key opportunity in the glycerol market lies in the rising demand from personal care and pharmaceutical industries. Glycerol acts as an excellent humectant and helps retain moisture in sk...