India Glycerol Derivatives Market Size & Outlook

The glycerol derivatives market in India is expected to reach a projected revenue of US$ 2,887.0 million by 2030. A compound annual growth rate of 7.6% is expected of India glycerol derivatives market from 2023 to 2030.
Revenue, 2022 (US$M)
$1,604.9
Forecast, 2030 (US$M)
$2,887.0
CAGR, 2023 - 2030
7.6%
Report Coverage
India

India glycerol derivatives market highlights

  • The India glycerol derivatives market generated a revenue of USD 1,604.9 million in 2022 and is expected to reach USD 2,887.0 million by 2030.
  • The India market is expected to grow at a CAGR of 7.6% from 2023 to 2030.
  • In terms of segment, bio-based was the largest revenue generating grade in 2022.
  • Bio-based is the most lucrative grade segment registering the fastest growth during the forecast period.


Glycerol derivatives market data book summary

Market revenue in 2022USD 1,604.9 million
Market revenue in 2030USD 2,887.0 million
Growth rate7.6% (CAGR from 2022 to 2030)
Largest segmentBio-based
Fastest growing segmentBio-based
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBio-based, Petroleum-based
Key market players worldwideShell PLC, Tokyo Chemical Industry, DuPont de Nemours Inc, Solvay SA, Croda International PLC, Cargill, Primient, Haihang Industry Co., Stepan Co, Thyssenkrupp AG, Repsol SA


Other key industry trends

  • In terms of revenue, India accounted for 10.1% of the global glycerol derivatives market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China glycerol derivatives market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,884.8 million by 2030.

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Glycerol Derivatives Market Companies

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India glycerol derivatives market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to glycerol derivatives market will help companies and investors design strategic landscapes.


Bio-based was the largest segment with a revenue share of 56.63% in 2022. Horizon Databook has segmented the India glycerol derivatives market based on bio-based, petroleum-based covering the revenue growth of each sub-segment from 2018 to 2030.


Polyglycerols are being extensively used in the food industry as additives in various bakery and confectionery products. The rising demand from consumers for sweeteners and naturally extracted flavors has been a key factor in augmenting the market growth.

The food industry is expected to be one of the key drivers of the Indian economy for the glycerol derivatives market as glycerol is used in food products for moisture, preventing sugar crystallization, and adding bulk, smoothness, softness, sweetness, and texture.

Growing exports of meat, oil, and dairy products have resulted in fueling the expansion of the Indian food & beverage industry. Modern food processing and preservation technology, including cold storage and pasteurization, has been responsible for enhancing the demand for polyglycerols.

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Horizon Databook provides a detailed overview of country-level data and insights on the India glycerol derivatives market , including forecasts for subscribers. This country databook contains high-level insights into India glycerol derivatives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India glycerol derivatives market size, by grade, 2018-2030 (US$M)

India Glycerol Derivatives Market Outlook Share, 2022 & 2030 (US$M)

India glycerol derivatives market size, by grade, 2018-2030 (US$M)

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