Global Glycerin Market is expected to reach 6,261.75 thousand metric tons by 2024 from 3,551.00 thousand metric tons in 2016, at a CAGR of 7.5%. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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GROWTH IN BIODIESEL PRODUCTION:
· Biodiesel is a clean-burning, biodegradable, alternative fuel. It is nontoxic and biodegradable. Compared to petroleum diesel fuel, which is refined from crude oil, biodiesel combustion produces fewer air pollutants such as particulates, carbon monoxide, sulfur dioxide, hydrocarbons, and air toxics. Nitrogen oxide emissions from burning a gallon of biodiesel may be slightly higher than emissions from burning a gallon of petroleum diesel.
· According to U.S. Energy Information Administration, it has been estimated that in U.S. about 1.5 billion gallons of biodiesel have been consumed, in Brazil the estimation is about 0.9 billion gallons, in France 0.8 billion gallons, in Germany 0.6, Indonesia 0.6 and others include 3.7 billion gallons.
· Thus, glycerin being the major byproduct of biodiesel, increased environmental awareness and increased usage of biodiesel has also evoked the usage of glycerin in wide range of industries.

Segmentation:
· By Grade (Refined glycerine{ CP, IP, USP, IW }, Crude glycerine{ CGS, CGA }, Natural glycerine, Blonde glycerin),
· By Source (Biodiesel, Fatty acid, Fatty alcohol, Soap, Vegetable oils, Synthetic, Others),
· By Application (personal care, food & beverage, healthcare & pharmaceuticals, oral care, alkyd resins, tobacco humectants, others),
· By Downstream (Propanediol, Propylene glycol, Epichlorohydrin, Others),
· By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Drivers:
The major factors driving the growth of this market are bio-renewable chemicals, growth in biodiesel production and wide range of application in various industrial sectors. On the other hand, availability of substitutes and low profitability may hinder the growth of the market.

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GROWING PREFERENCE FOR BIO-RENEWABLE CHEMICALS:
· Unstable prices of petroleum products along with depleting resources of oil and increasing concerns over dependence on fossil fuels and increasing levels of CO2 in the atmosphere has increased the environmental concerns and thus, have provoked several government agencies to promote and create awareness and support the production of biofuels from edible crops.
· As a fuel, biomass can be used to produce chemicals for the pharmaceuticals, cosmetics, solvents, detergents, paints and biodegradable plastics industries. Many home brewers are producing soap from glycerin.
· According to IEA Bioenergy, it has been estimated that the platform bio-renewable chemicals glycerin and lactic acid make up the bulk of bio-renewable chemicals that has been sold in 2010, accounting for 79.2% of the market.

Major Players:
Some of the major players operating in this market are:-
· Croda International Plc,
· Archer Daniels Midland Company,
· Procter & Gamble,
· Kao Corporation,
· The Dow Chemical Company,
· Godrej Industries Ltd.,
· Emery Oleochemicals,
· Sakamoto Yakuhin kogyo Co. Ltd.,
· Solvay, among others

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