Glycerin Market Regional Analysis:
APAC Market Insights
The glycerin market in Asia Pacific is set to capture the largest revenue of 40% by the end of 2035. The growth of this sector in the region is influenced by growing demand for biodiesel. In 2022, the Asia-Pacific region produced about 385 thousand barrels of oil equivalent per day of biofuel.
North American Market Insights
The North America glycerin market is estimated to have significant growth during the forecast period. Due to plentiful supplies of soybean oil and great profitability, the biodiesel business in North America has been growing rapidly, which has also positively impacted the glycerin sector. Another cause for market expansion is thought to be the existence of significant important companies within the region in addition to the presence of reliable glycerin production facilities in the area.
