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Glycerol, often known as glycerin or glycerine, is a colourless, odourless, and viscous liquid with three hydroxyl (-OH) groups. It has a sweet flavour and is non-toxic, making it acceptable for use in a variety of applications.
It can be created naturally through fat and oil hydrolysis or synthetically using the epichlorohydrin process.
Owing to its unique qualities, such as its capacity to act as a humectant, solvent, and lubricant, it is widely utilised in food, pharmaceutical, personal care, chemical, and other sectors.
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The United States, Germany, France, China, Indonesia, Italy, the Netherlands, Africa, and Malaysia are the top glycerol-producing countries.
Key Details About the Glycerol 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 Glycerol 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 Glycerol Price Chart, including India’s Glycerol price, USA’s Glycerol 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 Glycerol Price Trend:
Glycerol is employed in the manufacture of food and beverages as a sweetener, thickener, and humectant. It's also used to dissolve food colouring and flavourings. Owing to its moisturising and emollient characteristics, it is used in the manufacture of cosmetics, skincare items, and toiletries.
It is utilised in the manufacture of many pharmaceuticals and medicines as a solvent and humectant. It is also used as a capsule and tablet lubricant.
It is used as a raw ingredient in the manufacture of a variety of chemicals, including epichlorohydrin, propylene glycol, and nitroglycerin. It is also used to soften textiles and as a lubricant in the spinning process.
Key Players:
- Cargill Incorporated.
- BASF SE.
- Procter & Gamble Chemicals.
- Oleon NV.
- KLK OLEO.
- Dow Chemical Company.
- ADM.
- Wilmar International Ltd.
Recent News
- December 2022: Oleochemical producer Oleon announced the purchase of a blending plant in Conroe, Texas, for USD 50 million. The corporation expanded its oleochemicals sector, which includes glycerin production.
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