The USP Grade Glycerin Market was valued at USD 1.09 Billion in 2024. The USP Grade Glycerin Market industry is projected to grow from USD 1.15 Billion in 2025 to USD 1.95 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.4% during the forecast period (2025-2035).
The growth of personal care and cosmetic industry and increasing demand in pharmaceuticals are driving the growth of the USP Grade Glycerin Market.
As per the Analyst at MRFR, the Global USP Grade Glycerin (99.7%) Market is experiencing significant growth, driven by several key factors. First, the increasing demand for personal care and household cleaning products is a major driver. As consumers become more aware of hygiene and cleanliness, there is a rising need for detergents, soaps, shampoos, and other cleaning agents.
The demand for eco-friendly, biodegradable, and sustainable products is also boosting the market, as consumers and manufacturers are shifting toward green alternatives to traditional petrochemical-based USP Grade Glycerin (99.7%). This shift is spurred by growing environmental awareness, stricter regulations on chemical usage, and the push for sustainable practices across industries. Moreover, the growth of the cosmetics and pharmaceutical sectors is fueling the demand for USP Grade Glycerin (99.7%), as these industries rely on USP Grade Glycerin (99.7%) for emulsifying, stabilizing, and enhancing the performance of creams, lotions, and medicinal formulations.
FIGURE 1: USP GRADE GLYCERIN MARKET VALUE (2019-2035) USD BILLION
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
USP Grade Glycerin Market Opportunity
EMERGING APPLICATIONS IN CHEMICAL & INDUSTRIAL SECTOR
USP-grade glycerin (99.7%) is increasingly valued in industrial manufacturing for its role as a plasticizer and humectant, driven by its non-toxic nature, compatibility with other materials, and regulatory acceptance in sensitive applications. In the plastics and rubber industry, it improves mechanical properties such as flexibility, elasticity, and resistance to cracking. It works particularly well in biodegradable plastics and bio-based polymers, aligning with global sustainability goals.
In rubber manufacturing, glycerin is used to improve the processing of compounds by softening polymers and enhancing their flow properties during vulcanization. As a humectant, it plays a key role in preventing moisture loss in various industrial formulations. This property is especially critical in adhesives, sealants, and cementitious coatings where maintaining hydration is essential for performance and shelf-life.
Moreover, glycerin is valued in industrial cleaning products, agrochemicals, and antifreeze formulations for its moisture-retention capacity, which helps stabilize the physical structure of formulations. With environmental regulations tightening around the use of petrochemical-derived additives, glycerin's biodegradability and low environmental impact make it a favorable choice for manufacturers seeking to improve their environmental compliance and product safety.
USP Grade Glycerin by End Users Insights
Based on End Users, the Global USP Grade Glycerin (99.7%) Market is Segmented into Personal Care & Cosmetics, Food & Beverage, Pharmaceuticals & Healthcare, Chemical & Industrial, Others. The Personal Care & Cosmetics segment dominated the global market in 2024, while the Pharmaceuticals & Healthcare segment is projected to be the fastest–growing segment during the forecast period. The personal care and cosmetics sector represents one of the most prominent application areas for USP Grade Glycerin (99.7%), owing to its exceptional humectant, emollient, and solvent properties.
As a naturally derived, non-toxic, and hypoallergenic compound, glycerin is extensively used in skin care, hair care, oral care, and cosmetic formulations. Its primary role in this segment is to retain moisture, improve product texture, enhance the shelf life of formulations, and support the delivery of active ingredients. USP Grade Glycerin, with its high purity and safety certification, is preferred for sensitive skin applications and is frequently included in moisturizers, face creams, cleansers, shampoos, toothpaste, and lip balms. Rising consumer preference for clean-label, plant-based, and cruelty-free ingredients has boosted the demand for vegetable-derived glycerin.
FIGURE 2: USP GRADE GLYCERIN MARKET SHARE BY END USERS 2024 AND 2035 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
USP Grade Glycerin Regional Insights
Based on the Region, the global USP Grade Glycerin is segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa. The Asia Pacific dominated the global market in 2024, while the Middle East & Africa is projected to be the fastest–growing segment during the forecast period. Major demand factors driving the Asia Pacific market are that APAC is the largest and fastest-growing region in the USP Grade Glycerin Market, with a dominant production and consumption base. Countries like China, India, Indonesia, Malaysia, and Thailand are both leading producers and consumers.
The region benefits from abundant feedstock availability—particularly palm oil in Malaysia and Indonesia, and soy oil in China and India. A major portion of the world’s crude glycerol supply originates here, and a significant share is refined to USP standards for both domestic and export markets. Industrial growth, rising disposable incomes, and expanding urbanization are driving demand for glycerin in skincare, oral care, and pharmaceuticals.
Additionally, India and China are rapidly expanding their drug manufacturing bases, where glycerin is used as a solvent, capsule base, and excipient. Despite the market's scale, challenges persist in terms of ensuring consistent product quality, traceability, and compliance with global standards. Environmental scrutiny over palm cultivation and growing ESG pressure have started shifting some sourcing toward sustainable palm or alternative oils. Moreover, local players face competitive pressure from multinational refiners and integrated oleochemical giants. Nonetheless, APAC remains the core driver of both volume and cost competitiveness in the global glycerin market.
FIGURE 3: USP GRADE GLYCERIN MARKET VALUE BY REGION 2024 AND 2035 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Further, the countries considered in the scope of the Application Tracking System Market are the US, Canada, Mexico, Germany, UK, France, Russia, Italy, Spain, Rest of Europe, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC, Brazil, Argentina, Rest of South America, GCC Countries, South Africa, Rest of Middle East & Africa and others.
Global USP Grade Glycerin Key Market Players & Competitive Insights
Many global, regional, and local vendors characterize the USP Grade Glycerin Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.
The major competitors in the market are Cargill Inc, Emery Oleochemical, P&G Chemicals, Twin Rivers Technologies, Inc, Vantage Specialty Chemicals, Archer Daniels Midland, PMC BIOGENIX, Inc, Vance Group Ltd, Godrej Industries Limited, KLK Oleo, Wilmar International Limited, Olivia Oleo Pte Ltd, IOI Corporation BERHAD, Louis Dreyfus Company, Kao Corporation, Sakamoto YAKUHIN Kogyo Co. Ltd, Pt Musim Mas are among others. The USP Grade Glycerin Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.
Key Companies in the USP Grade Glycerin Market include
USP Grade Glycerin Market Industry Developments
2024: Godrej made strategic acquisitions, such as the Savannah Surfactants business in 2024, which enabled them to expand their specialty chemicals portfolio, including emulsifiers and other glycerin-based derivatives. These acquisitions directly supported their aim to scale up their production of USP Grade glycerin and other essential chemical ingredients.
April 2023: KLK OLEO expanded its product offering by acquiring Temix Oleo, an Italy-based company specializing in oleochemicals. This acquisition enhances KLK OLEO's capabilities in producing specialty chemicals, including glycerin derivatives, and strengthens its position in the global market.
October 2021: IOI Corporation Berhad announced the construction of a new 110,000 metric ton per year oleochemical plant located in Prai, Penang. This facility is designed to produce palm and palm kernel-based fatty acids and glycerine, which are essential raw materials for personal care and cosmetic products. The plant's construction was expected to be completed by the second quarter of 2022, aiming to bolster IOI's capacity to supply high-purity glycerin to various industries.
2019: The Wilfarin USP-997 glycerin product from Wilmar International Limited was introduced in 2019. This refined glycerin, with a minimum purity of 99.7%, is designed for applications in pharmaceuticals, food, and personal care industries. It complies with international standards such as USP, EP, and BP, ensuring quality and safety for various uses.
USP Grade Glycerin Market Segmentation
USP Grade Glycerin by End Users Outlook
USP Grade Glycerin Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2024 | USD 1.09 Billion |
| Market Size 2025 | USD 1.15 Billion |
| Market Size 2035 | USD 1.95 Billion |
| Compound Annual Growth Rate (CAGR) | 5.4% (2025-2035) |
| Base Year | 2024 |
| Forecast Period | 2025-2035 |
| Historical Data | 2019-2023 |
| Forecast Units | Value, Volume (USD Billion, KiloTons) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By End Users |
| Geographies Covered | North America, Europe, Asia Pacific, South America, Middle East & Africa |
| Countries Covered | The US, Canada, Mexico, Germany, UK, France, Russia, Italy, Spain, Rest of Europe, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC, Brazil, Argentina, Rest of South America, GCC Countries, South Africa, Rest of Middle East & Africa |
| Key Companies Profiled | Cargill Inc, Emery Oleochemical, P&G Chemicals, Twin Rivers Technologies, Inc, Vantage Specialty Chemicals, Archer Daniels Midland, PMC BIOGENIX, Inc, Vance Group Ltd, Godrej Industries Limited, KLK Oleo, Wilmar International Limited, Olivia Oleo Pte Ltd, IOI Corporation BERHAD, Louis Dreyfus Company, Kao Corporation, Sakamoto YAKUHIN Kogyo Co. Ltd, Pt Musim Mas |
| Key Market Opportunities | · Expansion in food and beverage applications · Emerging applications in the chemical & industrial sector |
| Key Market Dynamics | · Growth of personal care and cosmetic industry · Increasing demand in pharmaceuticals |
Frequently Asked Questions (FAQ) :
The USP Grade Glycerin Market was valued at USD 1.09 Million in 2024.
The Personal Care & Cosmetics segment by End Users holds the largest market share and grows at a CAGR of 5.0% during the forecast period.
Asia Pacific holds the largest market share in the USP Grade Glycerin Market.
Cargill Inc, Emery Oleochemical, P&G Chemicals, Twin Rivers Technologies, Inc, Vantage Specialty Chemicals, Archer Daniels Midland, PMC BIOGENIX, Inc, Vance Group Ltd, Godrej Industries Limited, KLK Oleo, Wilmar International Limited, Olivia Oleo Pte Ltd, IOI Corporation BERHAD, Louis Dreyfus Company, Kao Corporation, Sakamoto YAKUHIN Kogyo Co. Ltd, Pt Musim Mas are prominent players in the USP Grade Glycerin Market.
The Personal Care & Cosmetics segment dominated the market in 2024.
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Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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