Glycerin, commonly known as glycerol, is a colourless, odourless, syrupy liquid in the polyol or sugar alcohol family.
It is a naturally occurring molecule found in animal and vegetable fats and oils that is produced as a byproduct of soap and biodiesel manufacture.
Glycerin is a highly versatile chemical with numerous applications in a variety of sectors. It has a sweet taste and is non-toxic, making it suitable for use in a variety of applications.
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It is also biodegradable and has low toxicity to aquatic life, making it a safe substance for the environment.
Indonesia, India, Malaysia, the United States, Singapore, China, Brazil, and Vietnam are the leading countries in the Glycerin market.
Key Details About the Glycerin Price Trend:
Procurement Resource does an in-depth analysis of the price 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 Glycerin Price chart, including India’s Glycerin Price USA’s Glycerin price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Glycerin Price Trend:
Glycerin is a good ingredient in moisturisers, lotions, and other skincare and personal care products since it is a natural humectant that attracts and retains moisture.
It is employed in the manufacturing of food and drinks as a sweetener, thickener, and solvent. It’s typically found in candy, baked foods, and beverages like wine and beer.
It is employed in the manufacture of medications as a solvent, preservative, and lubricant. It is also a component of cough syrups, laxatives, and suppositories.
Key Players:
- Wilmar International
- Emery Oleochemicals
- IOI Group
- KLK Oleo
- Croda International
- Kao Corporation
- Cargill Inc
- Godrej Industries
News and Events:
- December 2022: Oleochemical producer Oleon announced the purchase of a blending plant in Conroe, Texas, for USD 50 million. The company extended its oleochemicals segment, which includes the production of glycerin.
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Procurement Resource offers 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 most 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 tracks 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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