Global glycerol monostearate market is anticipated to grow at a significant CAGR of 10.8% during the forecast period (2024-2031). A major factor supporting the growth of the market includes its extensive application across various industries. Glycerol monostearate is widely used as an emulsifier, thickening agent, and stabiliser in food and beverage products, cosmetics, pharmaceuticals, and personal care items. With the increasing demand for processed food products, cosmetics, and pharmaceuticals, the demand for glycerol monostearate is expected to rise globally. To meet the growing demand, key players are adopting different strategies.
For instance, in March 2023, Croda International plc, through its Indian subsidiary ‘Croda India’, unveiled plans to invest USD 5.4 million in the establishment of an advanced manufacturing plant in Dahej, Gujarat. This strategic initiative aims to address the escalating demand for pharmaceutical and consumer care products in the region.
Further, in May 2022, Evonik Industries AG launched its Applied Technology Center (ATC) in Sao Paulo, Brazil, marking a significant milestone for the company. The newly inaugurated facility encompasses advanced laboratories and two pilot plants, underscoring Evonik’s commitment to enhancing its interface and performance business line. This division’s agro-focused operations encompass a range of essential products such as emulsifiers, wetting agents, antifoams, and dispersants. Positioned as Evonik’s third regional Agro Hub, following similar establishments in the U.S. and Germany, the Sao Paulo facility is poised further to solidify the company’s global presence and industry leadership.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Purity
- By Application
- By End-use
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes BASF SE, Wilmar International Ltd., 3M Co., Evonik Industries AG, Kao Corp. and others.
Glycerol Monostearate Market Report Segment
By Purity
- <90%
- >90%
By Application
- Emulsifier
- Thickener
- Preservative
By End-use
- Food & Beverages
- Personal Care & Cosmetics
- Pharmaceuticals
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Glycerol Monostearate Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Schulman Inc. (LyondellBasell Industries Holdings B.V.)
- Acm Chemicals
- Akzo Nobel N.V.
- Alpha Chemicals Pvt. Ltd.
- Arkema SA
- Clariant AG
- Corbion NV
- Croda International PLC.
- Dupont de Nemours, Inc.
- Estelle Chemicals Pvt. Ltd.
- Evonik Industries AG
- Gujarat Amines
- Hangzhou Zanyu Oleo-Technology Co.,Ltd. (Hangzhou Oleochemicals Co., Ltd.)
- Kao Cor.
- Mohini Organics Pvt. Ltd
- Nouryon Chemicals Holding B.V.
- Oleon NV
- RM CHEMICALS
- Riken Vitamin Co., Ltd.
- Solvay SA
- Stepan Co.
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