Blogging World Tech
In the initial quarter of 2023, the prices of oleic acid in Asia experienced a downturn, influenced by diminishing costs of cooking and edible oils, driven by regulatory changes in Malaysia, and a general decline in market confidence. However, a resurgence occurred in the second quarter, attributed to an upswing in raw palm and edible oil expenses, along with a reduction in sunflower oil supply from Russia and decreased inventories. The robust economic growth in Asia also played a role in bolstering prices.
Meanwhile, in Europe, oleic acid prices initially saw a decline due to low material costs and disruptions in supply chains. Nevertheless, during the second quarter, prices surged due to increased domestic demand, depleted inventories, and heightened international inquiries.
Similar patterns were observed in North America, where trends mirrored rising demand and fluctuations in feedstock prices.
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Definition
Oleic acid, a monounsaturated omega-9 fatty acid (C18:1), is essential for cellular function and energy storage. It’s found in various fats and oils like olive and canola oil. Its fluidity at room temperature, attributed to a single double bond, benefits heart health. Oleic acid forms stable triglycerides and plays a role in lipid metabolism. It’s known for its versatility, influencing texture and stability in products from food to cosmetics.
Key Details About the Oleic Acid 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 Oleic Acid 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 Oleic Acid Price trends, including India Oleic Acid price, USA Oleic Acid 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 the Oleic Acid Price Trend:
Oleic acid, an omega-9 fatty acid with monounsaturated properties, is extensively employed in various industrial applications. Within the food industry, it plays a crucial role as a fundamental component in cooking oils, margarine, and spreads, enhancing both flavor and shelf life. Additionally, it serves as an emulsifier and stabilizer in the manufacturing of processed foods. In the realm of cosmetic and personal care, oleic acid’s moisturizing characteristics make it a pivotal ingredient in creams, lotions, and soaps. Furthermore, oleic acid holds industrial significance as a primary material for producing diverse derivatives, including surfactants, lubricants, and biodiesel. Its multifaceted attributes, positively impacting texture, stability, and health, contribute to its widespread adoption across various industrial sectors.
Key Players:
- Eastman Chemical Company
- Berg + Schmidt GmbH & Co. KG
- Emery Oleochemicals Sdn Bhd
- Wilmar International Limited
- White Group Public Co Ltd
- Godrej Industries
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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.
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