Glycerin prices have been surging and prices appear set to hold above lows seen in 2021. Strong demand out of China, renewable diesel, and the coal freeze market, have all had impacts on the market.
The global market for Glycerin was estimated at $2.4 billion (US) in 2020 and is expected to grow to $4.26 billion by 2027. Crude glycerin is a co-product of biodiesel production and accounts for 10 percent of the overall output of biodiesel. According to a Globe Newswire article, the glycerin market in the US is estimated at $398.1 million in 2021.
The Asia-Pacific market, led by Chinese demand, accounts for the major share of the global glycerin market. Food processing, pharmaceutical, and other food grade demand for glycerin, are expected to remain robust in this growing market, lending to upward pressure on refined prices.
The market in China for glycerin had been accelerating ahead of their…
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