Procurement Resource Evaluates the Price Trends of PFAD in its Latest Insights and Dashboard
Price Trends of PFAD in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the PFAD price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends. Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; Customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of PFAD can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
A by-product created during the processing of palm oil for the food sector is called PFAD, also referred to as palm fatty acid distillate. At room temperature, PFAD is a light brown semi-solid material that melts into a brown liquid when heated. Free fatty acids (FFA) with oleic, stearic, and palmitic components make up the majority of PFAD (>80%). Distilling palm oil is used in the production of food-grade oil because it enhances the oil’s flavour, colour, odour, and shelf life. To meet the quality requirements of the food sector, PFAD must therefore be free of undesirable degraded fats.
Regions Covered to Evaluate PFAD Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting PFAD Price Trend:
All diesel-powered vehicles can lower greenhouse gas emissions by an average of 90% compared to conventional diesel thanks to renewable diesel based on PFAD, which helps replace crude oil-based diesel in transportation. Even though it is mostly used to make biofuels, PFAD is also used to make animal feed, candles, soap, and other oleochemical goods.
Key Market Players:
- Wilmar International
- PT TUNAS BARU LAMPUNG Tbk.
- Sarawak Oil Palms Berhad Group
- Nuansa Kimia Sejati, PT
- Future Prelude Sdn Bhd.
News and Events:
Palm oil is the major component of PFAD (palm fatty acid distillate). In March, the cost of palm oil was 12810 RMB/MT. The process of refining alkaline palm oil yields palm acid oil, which is currently frequently used to create laundry soaps. The target market expanded as a result of growing consumer demand for soaps and laundry detergent. Additionally, over the course of the projection period, the demand for palm acid oil in cosmetics and personal care products increased, fueling growth. Population growth, rapid urbanisation, rising self-care and cleanliness consciousness, and strong consumer spending capacity all contributed to the market’s success. One of the key factors that drove the market’s growth was an increase in research and development to create new and creative goods.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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