Glycerol is a simple polyol compound that is sweet, odorless and non toxic, widely used in human and animal foods, pharmaceuticals, cosmetics, and as a chemical precursor.
- Food: Glycerol keeps foods moist, is used as a sweetener, and may help preserve foods. It is also used as filler in commercially prepared low-fat foods (e.g., cookies).
- Cosmetics and pharmaceuticals: Glycerol is used in medical, pharmaceutical and personal care preparations, often as a means of improving smoothness, providing lubrication, and as a humectant. It is found in allergen immunotherapies, cough syrups, elixirs and expectorants, toothpaste, mouthwashes, skin care products, shaving cream, hair care products, soaps, and water-based personal lubricants. It is used as well in medicines and in stabilizing blood products.
- Chemicals: Glycerol is used as a raw material for chemical synthesis, as a component in antifreeze and to produce nitroglycerin for both explosives and medicine.
- The global glycerol market is at $2.5 billion and growing at 6+% per year, with major growth driven by international markets and new applications.
“The global glycerol market is expected to grow at a CAGR of above 6% over the forecast period of 2016 to 2024.”