Advancements in the Glycerol Monostearate Market: Key Developments Driving Industry Growth

Vantage Market Research

May 20, 2024

In recent years, significant developments have unfolded within the Glycerol Monostearate (GMS) market, reflecting a landscape marked by innovation, expansion, and strategic investments. A significant turning point in Oleon's expansion efforts occurred in 2023 when the company opened its first production facility in Conroe, Texas. Oleon establish itself as a leader in the oleochemical and fulfill the growing demand for oleochemical solutions throughout North America by creating funding of $ 50 million.

In 2023, Croda International plc, represented in India through its subsidiary Croda India, announced plans to invest USD 5.4 million in the construction of a greenfield manufacturing facility in Dahej, Gujarat.In response to the developing market demand for pharmaceutical and personal care goods, Croda is taking a proactive approach by growing its manufacturing capabilities.

In 2022, Evonik Industries AG made significant strides with the opening of its Applied Technology Center (ATC) in Sao Paulo, Brazil. This expansion initiative, which includes the addition of two pilot plants and additional laboratories, strengthens Evonik's interface & performance business line, particularly in the agro-business sector. Evonik's capacity enhanced by ATC to meet the demands of agriculture sector by making it easier to create and test dispersants, emulsifiers, wetting agents, and antifoams.

Market analysts at Vantage Market Research see significant potential for the Glycerol Monostearate Market. Market analysts at Vantage Market Research see significant potential for the Glycerol Monostearate Market. The growing demand for processed and convenience foods across the globe drives the market for Glycerol Monostearate. GMS acts as an emulsifier, stabilizer, and thickening agent in many food items including bakery, Dairy and Beverages. When it comes to meeting consumer demands for convenience and quality, food makers find it indispensable as it can improve texture, consistency, and shelf life. The sector is poised to witness a 6.15% growth rate, reaching a staggering USD 2.89 Billion by 2032.

Glycerol Monostearate Market Size, Share & Trends Analysis Report by Purity (<90%, >90%) by Application (Emulsifier, Thickener, Preservative, Other Applications) by End Use (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, Other End Uses) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2018 - 2023) & Forecast (2024 - 2032)