Glycerol Market Is Likely To Up Demand At A USD 3.7 Billion By 2027
San Francisco, 10 Nov 2021: The Report Glycerol Market Size, Share & Trends Analysis Report By Source (Biodiesel, Fatty Alcohol, Fatty Acids, Soaps), By Type (Crude, Refined), By End Use, By Region, And Segment Forecasts, 2021 - 2027 The global glycerol market size is estimated to reach USD 3.7 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.4% from 2021 to 2027. Improved standard of living coupled with growing consumer demand for high quality and innovative personal care products is expected to drive the market over the forecast period. Glycerol is a thick, clear, and odorless polyol that belongs to the alcohol family of organic compounds. It is produced by the hydrolysis of fats and natural oils present in plants and animals. The raw materials used in the production of the product are primarily vegetable oils, animal fats, sugar alcohol, and fatty acids, among others. Local ...