During the initial half of 2023, the Asian glycine market experienced varied pricing patterns. The year commenced with renewed manufacturing efforts, boosting demand from fodder and pharmaceutical sectors, which elevated Glycine prices in the first quarter due to manufacturing resurgence. Yet, as supply exceeded demand in the second quarter, prices dropped. In contrast, the European Glycine market saw consistent price decline as normalized upstream costs and oversupply juxtaposed sluggish demands, causing a continuous downtrend throughout H1 2023.
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Definition
Glycine is a non-essential amino acid, fundamental to biological functions. Its simple structure consists of a hydrogen atom as its side chain, making it the smallest amino acid. It plays pivotal roles in protein synthesis, neurotransmission, and as a building block for various molecules, contributing to the overall functionality of organisms.
Key Details About the Glycine Price Trends:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Glycine 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 Glycine Price History, including India Glycine price, USA Glycine 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 Glycine Price Trends:
Glycine holds significant industrial applications, serving as a vital ingredient in pharmaceuticals and cosmetics for its stabilizing properties. In the food industry, it acts as a flavor enhancer and preservative. Additionally, it finds use in chemical synthesis, textiles, and metal complexing, showcasing its versatility across a range of industrial sectors.
Key Players:
- Acros Organics
- Ajinomoto Health & Nutrition North America, Inc
- Newtrend Group
- Henan HDF Chemical Company Ltd
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