Glycerol Derivatives Market Global Trends And Revenue Growth Up
Glycerol Derivatives Market Summary The global glycerol derivatives market was valued at USD 15.94 billion in 2022, and it is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. This growth is primarily driven by the rising demand from rapidly expanding end-use sectors such as construction, transportation, pharmaceuticals, food and beverages, and cosmetics. Glycerol derivatives serve as emulsifying agents in various food applications including low-fat spreads like frozen desserts and peanut butter. The increasing adoption of emulsifiers in the food and beverage sector is expected to significantly boost market demand over the forecast period. Glycerol derivatives comprise a wide range of chemical compounds derived from glycerol, a naturally occurring alcohol that is typically sourced from fats and oils. These derivatives include glycerol esters, glycerol ethers, polyglycerol esters, and propylene glycol. The rising utilization of propyl...