During the initial months of 2023, oleic acid prices in Asia were affected by a decline in cooking and edible oil prices, influenced by Malaysian regulations and a less optimistic market outlook. However, in the second quarter, prices bounced back due to higher raw palm and edible oil expenses, a decrease in sunflower oil availability from Russia, and reduced stockpiles. The expanding Asian economy also contributed to the price hike. In Europe, oleic acid prices initially dropped due to inexpensive materials and supply chain disruptions. Nevertheless, prices surged in Q2 driven by increased local demand, dwindling inventories, and heightened global interest. Similarly, North America experienced parallel patterns, mirroring increased 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, a monounsaturated omega-9 fatty acid, serves a wide range of roles across industries. In food production, it plays a crucial part in cooking oils, margarine, and spreads, enhancing both taste and product longevity. Its role extends to being an essential emulsifier and stabilizer in processed food manufacturing. Within the realm of cosmetics and personal care, oleic acid’s moisturizing abilities are prized, making it a fundamental element in creams, lotions, and soaps. Furthermore, its industrial significance lies in being a primary material for various derivatives like surfactants, lubricants, and biodiesel. Its multifaceted attributes, positively impacting texture, stability, and health, underscore its extensive use across industries.
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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