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Quantum Computing in Chemistry Market Size to Grow USD 108.5 Million by 2030 at a CAGR of 10.5% | Valuates Reports

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BANGALORE, India, June 11, 2024 /PRNewswire/ — Quantum Computing in Chemistry Market is Segmented by Type (Quantum Hardware, Quantum Software), by Application (Chemical Plant, Research Institute, Other): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The global Quantum Computing in Chemistry market was valued at USD 54 Million in 2023 and is anticipated to reach USD 108.5 Million by 2030, witnessing a CAGR of 10.5% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Quantum Computing in Chemistry Market:
The growth of the quantum computing in chemistry market is driven by the technology’s potential to revolutionize molecular simulations and chemical analysis, offering unprecedented accuracy and speed. Quantum computers can handle complex calculations and simulations that are infeasible for classical computers, enabling detailed modeling of chemical reactions, material properties, and drug interactions at a quantum level. This capability accelerates the discovery of new materials, pharmaceuticals, and chemical processes, making quantum computing a valuable tool for research and development in the chemical industry. Additionally, increasing investments in quantum computing technology and collaborations between tech companies and chemical research institutions are propelling the market’s expansion.
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TRENDS INFLUENCING THE GROWTH OF QUANTUM COMPUTING IN CHEMISTRY MARKET:
Because it allows for sophisticated simulations and modeling that traditional computers are unable to perform effectively, quantum software at research institutions is a major factor in the growth of the quantum computing industry in chemistry. This program makes it possible for scientists to precisely model chemical reactions and molecular interactions at the quantum level, which is essential for the development of novel substances, materials, and chemical processes. The accuracy and speed of quantum calculations make it easier to address challenging chemical issues like protein folding, catalyst design, and reaction dynamics, which can result in previously unthinkable discoveries. Research institutes are utilizing quantum software to advance chemical research, draw funding, promote cooperation, and quicken the creation of useful quantum computer applications for the chemical sector.
One key element propelling the development of quantum computing in the chemical industry is the progress made in quantum hardware. Recent advances in quantum gate operations, coherence times, error correction, and qubit design have greatly improved the efficiency and dependability of quantum computers. More qubits may be included into quantum systems with improved hardware, boosting their computing capacity and enabling more intricate chemical simulations. Various innovations, including topological qubits, trapped ions, and superconducting qubits, provide different ways to construct scalable quantum computers. The advancement of hardware technology lowers the entrance barrier for high-fidelity quantum simulations, hence increasing the accessibility and practicality of quantum computing for chemists and researchers working in the field.
The intricacy of the issues that need to be solved in chemistry is one of the main causes propelling the development of quantum computing in that field. The exponential increase in complexity that comes with modeling molecular structures and chemical reactions is a challenge for conventional computing techniques, such as classical computers. Superposition and entanglement are two concepts that quantum computers may use to process and simulate these complicated systems more effectively. Because quantum computing can handle several variables and interactions at once, it is ideally suited to address complex chemical processes that would otherwise be computationally prohibitive. For example, it becomes possible to comprehend intricate catalytic reaction pathways and precisely anticipate the behavior of massive macromolecules, which opens up new avenues for chemical study and development.
The need for novel compounds and medications is one of the main forces behind quantum computing in chemistry. Industries including manufacturing, energy, and medicines are always looking for creative ways to create new chemicals, materials, and medications. Through better insights into molecular interactions and the ability to build more powerful medications and sophisticated materials, quantum computing holds the potential to completely transform various sectors of the economy. Quantum simulations, for instance, can be used to find new compounds with certain qualities or to improve catalysts for chemical reactions that use less energy. The capacity to efficiently and precisely simulate intricate chemical systems expedites the process of research and development, satisfying the increasing need for state-of-the-art advancements in these vital domains.
The introduction of quantum computing in chemistry is mostly being driven by the need for a competitive edge. Businesses that use quantum computing technology can outperform their rivals by cutting expenses, speeding up research and development, and improving the accuracy of their chemical analysis. Faster discovery cycles and more effective chemical process optimization are made possible by quantum computing, which shortens the time it takes for new goods to reach the market. This edge over competitors is especially important in sectors like medicines, where being first to market may yield large financial rewards. By strategically using quantum computing, businesses may maintain their competitive edge in innovation, draw in top personnel, and maintain their leadership positions in the chemical sector.
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QUANTUM COMPUTING IN CHEMISTRY MARKET SHARE ANALYSIS:
North America is a market leader for quantum computing in chemistry, especially the United States. Both the governmental and commercial sectors have made significant expenditures in quantum technology, which is the reason for its supremacy. To encourage research and development in quantum computing, the US government has started a number of noteworthy projects, such as the National Quantum Initiative Act. Leading computer giants with American headquarters, like IBM, Google, and Microsoft, have set up specialized laboratories for quantum research, propelling the development of quantum hardware and software. Furthermore, universities and research centers in North America are leading the way in quantum chemistry research and collaborating with business to create useful applications. A vibrant market is created by the region’s robust venture capital environment, which helps firms that focus on quantum computing.
Key Players:
D-Wave SolutionsRigetti ComputingIntelAnyon Systems Inc.Cambridge Quantum Computing LimitedOrigin Quantum Computing TechnologyQuantum Circuits, Inc.Purchase Regional Data: https://reports.valuates.com/request/regional/QYRE-Auto-7P4714/Global_Quantum_Computing_in_Chemistry_Market
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
–  The global market for Quantum Cryptography was estimated to be worth USD 3695.1 Million in 2023 and is forecast to a readjusted size of USD 16360 Million by 2030 with a CAGR of 23.4% during the forecast period 2024-2030.
–  Quantum Technology Market
–  The global Quantum Computers market was valued at USD 101 Million in 2023 and is anticipated to reach USD 527.9 Million by 2030, witnessing a CAGR of 26.8% during the forecast period 2024-2030.
–  Quantum Computing Measurement and Control System Market
–  The global Quantum Control Software market was valued at USD 65 Million in 2023 and is anticipated to reach USD 157.1 Million by 2030, witnessing a CAGR of 5.6% during the forecast period 2024-2030.
–  The global Quantum Dot (QD) Display market was valued at USD 4428 Million in 2023 and is anticipated to reach USD 5507.7 Million by 2030, witnessing a CAGR of 3.1% during the forecast period 2024-2030.
–  Quantum Dot TV Market
–  Quantum Diamond Atomic Force Microscope (QDAFM) Market
–  Silicon Based Quantum Dot Lasers Market
–  Core–Shell Quantum Dots Market
–  Quantum Dot Display High Barrier Film Group Material Market
–  The quantum photonics market was valued at USD 0.30 Billion in 2022, and is estimated to reach USD 5.3 Billion by 2032, growing at a CAGR of 33.2% from 2023 to 2032.
–  Scalable Quantum Measurement and Control Instrument Market
–  Quantum Cloud Computing Software Market
–  Quantum Computer Simulator Market
–  Quantum Entanglement Source System Market
–  Quantum Dot Inks Market
–  Universal Quantum Computer Market
–  Quantum Key Distribution System Market
–  Automotive Quantum Computing Market was valued at USD 103 Million in 2022 and is anticipated to reach USD 1127.1 Million by 2029, witnessing a CAGR of 49.0% during the forecast period 2023-2029.
–  Quantum Measurement Sensor Market
–  Quantum as a service (QaaS) Market
–  The global Cadmium Free Quantum Dot market is projected to reach USD 10620 Million in 2029, increasing from USD 3842 Million in 2022, with the CAGR of 15.7% during the period of 2023 to 2029.
–  The global High-performance Computing System market is projected to reach USD 64890 Million in 2029, increasing from USD 31970 Million in 2022, with the CAGR of 10.7% during the period of 2023 to 2029.
–  The global Cloud High Performance Computing (HPC) market was valued at USD 6862.1 Million in 2023 and is anticipated to reach USD 14620 Million by 2030, witnessing a CAGR of 11.3% during the forecast period 2024-2030.
–  High Performance Computing (HPC) Storage Market
–  The global market for High Bandwidth Memory (HBM) was estimated to be worth USD 767.1 Million in 2023 and is forecast to a readjusted size of USD 4902.4 Million by 2030 with a CAGR of 25.5% during the forecast period 2024-2030.
–  The global Chemistry 4.0 market was valued at USD 68220 Million in 2023 and is anticipated to reach USD 145280 Million by 2030, witnessing a CAGR of 11.3% during the forecast period 2024-2030.
–  New Chemical Materials Market
–  Chemical Concentration Monitors Market
–  Oxo Chemicals Market
–  The global Benchtop Clinical Chemistry Analyzers market was valued at USD 718.5 Million in 2023 and is anticipated to reach USD 1078.3 Million by 2030, witnessing a CAGR of 5.9% during the forecast period 2024-2030.
–  Chemical Detection Equipment Market
–  Organometallic Chemistry Lithium Reagent Market
–  Cleaning Chemicals Market
–  Chemical Metering System Market
–  The global Steam Chemical Indicator market was valued at USD 137.9 Million in 2023 and is anticipated to reach USD 214 Million by 2030, witnessing a CAGR of 6.4% during the forecast period 2024-2030.
–  Chemical CDMO Market
–  The global Daily Chemical Grade Peach Aldehyde market was valued at USD 519.3 Million in 2023 and is anticipated to reach USD 635.9 Million by 2030, witnessing a CAGR of 3.2% during the forecast period 2024-2030.
–  The global Flow Chemistry revenue was USD 70 Million in 2022 and is forecast to a readjusted size of USD 136.1 Million by 2029 with a CAGR of 11.7% during the forecast period (2023-2029).
–  The global Lead Chemicals Market revenue was USD 1394.9 Million in 2022 and is forecast to a readjusted size of USD 1517.9 Million by 2029 with a CAGR of 1.2% during the forecast period (2023-2029).
–  The wet chemicals market was valued at USD 3.2 Billion in 2021, and is estimated to reach USD 5.9 Billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.
–  Pine-derived Chemical Market
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Workers embrace AI and prioritise skills growth amid rising workloads and an accelerating pace of change: PwC 2024 Global Workforce Hopes & Fears Survey

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Almost half (45%) of workers say their workload has increased significantly in the past year, as almost two-thirds (62%) say the pace of change at work has increased over the same timeMore than one-quarter (28%) say they are very or extremely likely to switch employer in the next 12 months – a higher proportion than during the ‘Great Resignation’ (19%) in 2022Employees prioritise skills-growth: fewer than half (46%) strongly or moderately agree that their employer provides adequate opportunities to learn new skills. This is particularly important for workers considering leaving: two-thirds (67%) say opportunities to learn new skills are a key factor in any decision to job-switchMore than 80% of workers who use generative AI daily expect it to make their time at work more efficient in the next 12 months. Half (49%) of all users expect it to lead to higher salariesCost-of-living pressures ease slightly: the proportion of workers with money left over each month rises to 45% (compared to 38% in 2023). However, 52% say they are still financially stressedLONDON, June 25, 2024 /PRNewswire/ — Among more than 56,000 workers across 50 countries and territories, many say they are prioritising long-term skills growth to accelerate their careers amid rising workloads and heightened workplace uncertainty, according to PwC’s 2024 Global Workforce Hopes & Fears Survey, published today.

In the last 12 months, workers say they have experienced rising workloads (45%) and an accelerating pace of workplace change. Nearly two-thirds (62%) say they have experienced more change at work in the past year than the 12 months prior, with two-fifths (40%) noting their daily responsibilities have changed to a large or very large extent. Almost half (44%) don’t understand the purpose of changes taking place.
In the midst of this growing mix of employee pressures, the findings suggest workers are alert to opportunities elsewhere, and are highly focused on skills growth and embracing AI.
More than one-quarter (28%) say they are likely to switch employer in the next 12 months, a percentage far higher than during the ‘Great Resignation’ (19%) of 2022. Two-thirds (67%) of those considering moving say skills is an important factor in their decision to stay with their current employer or switch to a new one.
Carol Stubbings, Global Markets and Tax & Legal Services (TLS) Leader, PwC UK, said:
“As workers face heightened uncertainty, rising workloads and continue to face financial stress, they are prioritising skills growth and embracing new and emerging technologies such as GenAI to turbocharge their growth and accelerate their careers. The findings suggest that job satisfaction is no longer enough. Employees are placing an increased premium on skills growth in a climate characterised by constant technological change. Employers must ensure they are investing in their employees and technological platforms to mitigate employee pressures and retain the brightest talent.”
Workers embrace AI to ease workplace pressures and unlock personal growth
As employees face heightened workplace pressures, they are also turning to new and emerging technologies such as generative AI (GenAI) to help. Among those employees who use GenAI daily, 82% expect it to make their time at work more efficient in the next 12 months.
Employees are also optimistic about opportunities for GenAI to support their growth. Half (49%) of all users expect GenAI to lead to higher salaries – an expectation that’s even higher (76%) among employees who use the technology daily. More than 70% of users agree that GenAI tools will create opportunities to be more creative at work (73%) and improve the quality of their work (72%).
The skills imperative
Workers are placing an increased premium on skills growth to mitigate their concerns and accelerate their careers. Employees who say they are likely to switch employers in the next 12 months are nearly twice as likely to strongly consider upskilling in that decision than workers planning to stay (67% vs. 36%). This comes as fewer than half (46%) of all employees moderately or strongly agree that their employer provides adequate opportunities to learn new skills that will be helpful to their careers.
Employees who are likely to leave in the next year may be more attuned to skills changes that are needed than the general workforce, with 51% moderately or strongly agreeing that the skills their job requires will change in the next five years (vs. 29% of those unlikely to change employer).
There is particular interest in the impact of AI on skills development, with 76% of all users expecting it to create opportunities to learn new skills at work. However, employers will need to invest heavily in new and emerging technology training and access. Among employees who have not used GenAI at work in the last 12 months, one-third (33%) don’t think there are opportunities to use the technology in their line of work, while 24% don’t have access to the tools at work, and 23% don’t know how to use the tools.
Despite the pace of change, there are also signs of optimism and engagement at work. 60% of workers expressed at least moderate job satisfaction (up from 56% in 2023) while more than half (57%) of employees who view fair pay as important agree that their job is fairly paid. Cost-of-living pressures have slightly eased since 2023 (the proportion of workers with money left over each month has risen to 45%, up from 38%). However,  more than half (52%) say they are still financially stressed to some degree.
Pete Brown, Global Workforce Leader, PwC UK, said:
“Technology is fundamentally transforming the way work gets done and the types of skills employers are looking for. Employees are therefore placing an increased premium on organisations that invest in their skills growth so that they can stay relevant and thrive in a digital world. Businesses in turn must be proactive in their upskilling programs – prioritising the employee experience and being transparent. Because when you meaningfully engage your workforce, they become an accelerant for successful transformation.”
Notes to Editors: 
About the Survey
In March 2024, PwC surveyed 56,600 individuals across 50 countries and territories who are in work or active in the labour market. The sample was designed to reflect a range of industries, demographic characteristics and working patterns. You can read the full report on pwc.com.
About PwC
© 2024 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
Contact:  Imran Javaid, Global Corporate Affairs and Communications, PwC UK: [email protected] Dan Barabas, Global Corporate Affairs and Communications, PwC UK: [email protected]
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Amagi Showcases New Stream Technology With VIZIO

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Amagi’s new Zero Slate delivers personalized linear streaming, resulting in increased viewership on VIZIO FAST channels 
NEW YORK, June 24, 2024 /PRNewswire/ — Amagi, the global leader in cloud-based SaaS technology for broadcast and Connected TV (CTV), today announced the first successful showcase of Amagi’s Zero Slate technology on VIZIO’s owned and operated WatchFree+ channels, part of Amagi’s broader Stream Personalization initiative. This innovative new offering enhances the streaming experience with its highly impactful, patent-pending technology that can dynamically adjust the length of ad breaks on a per-viewer basis, eliminating the need for slates or filler to round out linear ad breaks.

This new “viewer-first” personalized approach to digital streaming has already demonstrated a lift in viewership (Amagi ANALYTICS showing more than 20% increase) on VIZIO’s owned and operated channels utilizing the Zero Slate capabilities. This industry-first innovation from Amagi paves the path for a more engaging and profitable future for entertainment and enhanced viewer experiences.
Data from Amagi ANALYTICS indicates that slates, often used to fill the unsold portion of ad pods, may increase viewer churn by as much as 15% in today’s Free Ad-supported Streaming TV (FAST) ecosystem. Zero Slate’s early success demonstrates that personalizing pod length can boost viewer engagement, enabling more high-quality viewing experiences over time. This capability also represents an important first step for Amagi toward a broader suite of Stream Personalization capabilities that offer even more engaging linear viewing experiences.
“We are pleased to partner with Amagi on this showcase of their Zero Slate technology. This collaboration reinforces VIZIO’s commitment to enhancing user experiences and delivering personalized content as we expand Zero Slate across more channels,” said Katherine Pond, Group Vice President of Platform Content and Partnerships at VIZIO.
“We are grateful to have partnered with an industry leader like VIZIO to test the impact of our new Zero Slate capability and are excited about Stream Personalization’s ability to further transform the linear viewing experience,” said Srinivasan KA, Co-founder and Chief Revenue Officer, Amagi.
About VIZIOFounded and headquartered in Orange County, California, our mission at VIZIO Holding Corp. (NYSE: VZIO) is to deliver immersive entertainment and compelling lifestyle enhancements that make our products the center of the connected home. We are driving the future of televisions through our integrated platform of cutting-edge Smart TVs and powerful operating system. We also offer a portfolio of innovative sound bars that deliver consumers an elevated audio experience. Our platform gives content providers more ways to distribute their content and advertisers more tools to connect with the right audience.
For more information, visit VIZIO.com and follow VIZIO on Facebook, Twitter, and [email protected] 
About AmagiAmagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services bringing simplicity, advanced automation, and transparency to the entire broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and over 5,000 channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, London, Paris, Melbourne, Seoul, Singapore, and broadcast operations in New Delhi, and innovation centers in Bengaluru, Zagreb, and Łódź.
Link to Word Doc: www.wallstcom.com/Amagi/240624-Amagi-VIZIO_ZSlate.docx 
Agency Contact:Joseph LesieutreWall Street CommunicationsEmail: [email protected]
Amagi Contact:Aashish WashikarDirector – Corporate CommunicationsEmail: [email protected]: +91 9533390005

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ResourceWise Brings Its Cross-Commodity Data and Analytics Expertise to New Oleochemicals Service

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ResourceWise has met a key milestone in providing cross-commodity price benchmarks, data, and analysis on chemicals, forest products, and decarbonization markets. 
CHARLOTTE, N.C., June 24, 2024 /PRNewswire/ — ResourceWise has met a key milestone in providing cross-commodity price benchmarks, data, and analysis on chemicals, forest products, and decarbonization markets. 

For the first time, one digital product encompasses expertise that spans all the key commodity sectors that ResourceWise covers. Dedicated to renewable feedstock, the new platform-based oleochemicals analysis and insight tools draw on decades of experience within each distinct business sector. 
Dwight Lynch, Biomaterials Business Manager at ResourceWise, is leading the transition towards data and insight on renewable intermediates and biobased and biodegradable polymer inputs. 
“Navigating oleochemicals markets at a time when regulation, legislation, and competition from renewable fuels markets are the key drivers is a challenge. Our new service offers pricing and analysis that informs decision-makers and allows sustainable business to thrive.” 
The new oleochemicals portal in ResourceWise’s flagship chemicals market intelligence platform, OrbiChem360, has evolved beyond its legacy biomaterials insights to focus on the fats and oils markets that are key to sustainability.  
It presents pricing data and analysis that ResourceWise biomaterials experts have furnished within OrbiChem360 this past decade and includes a crude tall oil (CTO) price index. The inclusion of a forest-based output introduces the ResourceWise platform FisherSolve’s pulp and paper industry insight to our portfolio. 
Pete Stewart, the CEO of ResourceWise, is focused on the future. “From raw material converters to end-use consumer goods producers, manufacturing value chain participants are increasingly seeking cross-commodity insights to meet low-carbon targets. We are building and providing the data and analytics businesses need to achieve environmental, social, and governance (ESG) targets and market products competitively worldwide.  
“The ResourceWise mission is to use the intelligence within the increasingly inter-related business sectors we have harnessed to guide customers in their journey toward a net-zero future. This new offering is the first of many milestones in our endeavor to do just that,” adds Stewart.  
A Streamlined Renewable Chemicals Service  
The new product leverages oleochemical pricing and commentary gathered by ResourceWise legacy brands since 2014 and insight collected since the 1990s. It extends our regional reach with additional price points and streamlines the data and analytics provided.  
The new portal is designed with personal care, cosmetics, detergents, lubricants, pharmaceuticals, flavor and fragrance, and food and beverage market participants in mind. However, it provides pricing data and insights for producers, intermediaries, and consumer product manufacturers in broader industries. 
More Than Forty Current and Historical Prices          
International price indexes for oleochemicals include the feedstocks soybean, coconut, tall, rapeseed, and palm oils, as well as tallow and glycerine grades Dozens of spot and contract prices for fatty acids and fatty alcohols plus comprehensive commentary based on intelligence from a worldwide contact base       Low-carbon price benchmarks and commentary in our oleochemicals offering will increasingly leverage intelligence on the biofuels sector within the Prima CarbonZero platform      Global Trade Flow graphics for all oils and tallow to help customers understand how key plant and animal-based feedstocks are traded globally to identify new markets and sources   Industry experts contextualize data, making it actionable, and respond personally to customer inquiries By bridging information gaps in the chemicals market, OrbiChem360 subscribers gain a competitive edge in volatile markets. The platform provides decision makers with robust, data-driven insight that unravels market trends so they can harness growth opportunities. For more information on the OrbiChem360 platform, visit the ResourceWise OrbiChem360 page. 
CONTACT:
Contact:Suz-Anne Kinney          Vice President, Marketing & Communications at [email protected]  +1 (980) 233-4021
This information was brought to you by Cision http://news.cision.com
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