Procurement Resource Evaluates the Price Trends of Glycerin in its Latest Insights and Dashboard
Price Trends of Glycerin 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 Glycerin 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; customization of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of the Glycerin 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:
The simplest triol, glycerin (also known as glycerol), is found as a fatty ester in all-natural oils and fats. Pharmaceuticals, personal care products, tobacco, urethane foams, food, and cosmetic products are all made with glycerol. Acetals, amines, esters, and ethers are examples of glycerol derivatives. C3H8O3 is its chemical formula.
Also Check Glycerin Production Cost Report – https://www.procurementresource.com/production-cost-report-store/glycerin
Regions Covered to Evaluate Glycerin Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Glycerin Price Trend:
The uses of glycerin in the treatment of disorders that cause elevated eye pressure, such as glaucoma, and during eye surgery is what is driving the market’s expansion. Additionally, there has been an increase in the need for glycerin in a number of sectors, including those that produce food, make chemicals, manufacture medicines, provide personal and home care, and have other specialized uses for oleochemicals including fatty alcohols, fatty acids, and esters. The market is also expected to be driven by the rising use of glycerin as an alcohol substitute in the preparation of herbal and botanical tinctures. Glycerin is also becoming more widely used in the pharmaceutical business due to its low cost and several medicinal advantages, including its use as a moisturizer for mild skin irritations and burns as well as in the treatment of constipation. Pharmaceutical glycerin, also known as glycerol and glycerin, is an organic molecule that is primarily employed as an excipient in the pharmaceutical sector. Glycerin demonstrates various advantages in pharmaceutical and medical preparations, including enhancing lubrication, humectant, and smoothness. It is most frequently used in the creation of expectorants, elixirs, cough syrups, and suppositories.
Key Market Players:
- Wilmar International
- Emery Oleochemicals
- IOI Group
- KLK Oleo
- Croda International
- Kao Corporation
- Cargill Inc.
- Godrej Industries
News and Events:
InAt October 2021, IOI Corporation Berhad announced that it will spend MYR 220 million to build a new oleochemical factory in Prai, Penang, with an annual capacity of 110,000 metric tonnes (MT). Glycerine and fatty acids based from palm and palm kernels, which are essential components of personal care and cosmetics, will be the main products of the new factory. The plant should be completed by the second quarter of 2022.
The Malaysian company Emery Oleochemicals is well-known worldwide. The firm has made significant R&D investments in order to gain market share and is currently focusing on expanding its operations across new industries and geographies. The company’s planned growth will be aided by new products that cater to the individual demands of customers.
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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