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3. Emery Oleochemicals (Malaysia) and IOI Oleochemicals (Malaysia) are the Major Industry Player in the Glycerin Market

MarketsandMarkets projects the growth of the glycerin market from USD 2.19 Billion in 2015 to USD 3.12 Billion by 2021 at a CAGR of 6.8%. Growing use of glycerin in personal care, food & beverages, and pharmaceuticals & healthcare segments is expected to drive the market over the next five years. Glycerin acts as a substitute for propylene glycol in cosmetics, food & beverages, and electronic cigarette industries. Glycerin is also used in producing propylene glycol, which is used as antifreeze when leakage leads to contamination of food or any other product, and is used as a substitute for sorbitol as a plasticizer across various industries. It is effective, inexpensive, and makes the resulting plastic flexible even at very low temperatures, which quality is required in a freezer wrap

The glycerin market is expected to witness a high growth rate from 2016 to 2021, in terms of value. The key players in the glycerin market are Emery Oleochemicals (Malaysia), IOI Oleochemicals (Malaysia), KLK Berhad (Malaysia), Wilmar International (Singapore), and Godrej Industries (India). These players have adopted various strategies to expand their global presence and increase their market shares. Expansions & agreements, mergers & acquisitions and joint ventures are some of the major strategies adopted by the market players to achieve growth in the glycerin market.

The growth of the glycerin market was largely influenced by adoption of the expansions, mergers and acquisitions strategies in the past few years. 2015 experienced a combination of all strategies being used by the major players in the market.

Emery Oleochemicals is a major industry player in the glycerin market. The company engages in manufacturing natural-based chemicals from fats and oils, and offers bio-lubricants, agrochemical formulations, green polymers additives, eco-friendly polyols, oleobasics, and home & personal wellness products. Glycerin is included in the oleobasics product portfolio of the company, which has strong partnerships with Sime Darby Plantations and PTT Global Chemical Company Limited.

IOI Oleochemicals focuses on palm oil and other feedstock plantations and resource-based manufacturing business, which comprises of three segments, namely, oleochemicals, refineries, and specialty fats & oils. IOI Oleochemicals mainly adopted acquisitions as a key strategy in the glycerin market. In 2015, the company announced the acquisition of Cremer’s oleochemicals manufacturing business in Germany by its subsidiary, Alstersee V GmbH (IOI Oleo GmbH).

Related Reports:

Glycerin Market by Process (Transesterification, Saponification, Fat Splitting), Source (Vegetable Oils, Biodiesel, Soaps, Synthetic), Application (Industrial, Chemical intermediates), Grade, Region - Global Forecast to 2021

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