Procurement Resource Evaluates The Price Trends Of Glycerin In Its Latest Insights And Dashboard

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Glycerin is a simple triol compound. It is a bit sweet in taste sweet-tasting, and is colourless, odourless and , viscousa viscous liquid. The chemical formula of glycerin is C3H8O3. Glycerin is frequently utilised in FDA-approved wound and burn therapies due to its antibacterial and antiviral characteristicsowing to its property imparting antibacterial and antiviral characteristic to itself. On the other hand, glycerine can also be utilised as a medium to promote the growth of for bacterial growth andbacteria and also as a strongreliable indicator indicator to gauge anyof liver illness. Additionally, it is frequently employed as a humectant in medicinal formulations and as a sweetener in the food industry. Glycerin is a hygroscopic substance that is miscible with water due to its three hydroxyl groups.

The exporting countries in the market of glycerin are Germany, Indonesia, Argentina, and the Netherlands. Contrastingly, Whereas the leading importers are China, the United States, Russia, and Japan.

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, 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 Impact Glycerin Price Trend:

The industrial uses that are impacting the Glycerin price trend are a thickening agent in cosmetics and food, paint, and paper. Glycerin also finds its application in soaps and pharmaceuticals. Its major application is sensed in the personal care and cosmetics industry.

Key Market Players:

• BASF SE
• Emery Oleochemicals
• Wilmar International
• Godrej Industries
• Cargill Incorporated
• P&G Chemicals
• Kao Corporation
• Avril Group
• Vitusa Products Inc.
• Twin Rivers Technologies
• Timur Oleochemicals
• Archer Daniels Midland Company
• Croda International Plc
• IOI Group
• The Dow Chemical Company

News and Events:

• October 2021: A new 110,000 metric tonne (MT) per year oleochemical factory in Prai, Penang, with a capital investment of MYR 220 million, has been announced by IOI Corporation Berhad. The main raw materials for personal care and cosmetic products are glycerine and fatty acids based on palm and palm kernels. These products are primarily catered for by the new plant. The building of the plant is anticipated to be finished by the second quarter of 2022.
• July 2021: An initiative to create improved bio-propanol from glycerin was recently initiated by ENI and BASF. Glycerine was changed into propanol using the new technology.

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About Us:

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 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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