Procurement Resource Evaluates the Price Trends of 2-Hydroxypropanoic Acid in its Latest Insights and Dashboard
Posted on 10 August, 2022 by Jolie Alexa
Procurement Resource Evaluates the Price Trends of 2-Hydroxypropanoic Acid in its Latest Insights and Dashboard
Price Trends of 2-Hydroxypropanoic Acid in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the 2-Hydroxypropanoic Acid 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; Customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of 2-Hydroxypropanoic Acid can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
Generally known as lactic acid, 2-hydroxypropanoic acid is an unprocessed acid. It comes in a solid form and is mixable with water. It is a clear liquid mixture. This substance is produced by both natural and synthetic means. Another name for lactic acid (AHA) is Alpha-hydroxy acid.
Also Check 2-Hydroxypropanoic Acid Production Cost Report - https://www.procurementresource.com/production-cost-report-store/2-hydroxypropanoic-acid
Regions Covered to Evaluate 2-Hydroxypropanoic Acid Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting 2-Hydroxypropanoic Acid Price Trend:
Due to the consistently expanding demand from the construction and automotive industries, the paints and coatings sector currently holds the top spot. The majority of hydroxy propionic acid is utilised as a feedstock for acrylic esters, which make up the majority of acrylic acid products. Acrylic acids can offer desirable qualities like health, uniformity in colour, resistance to heat and ageing, and durability at low temperatures. Paint and coating production frequently uses acrylic acid. Over the projection period, the demand for hydroxypropionic acid is projected to be significantly influenced by the increased usage of acrylic acid in the building industry.
Key Market Players:
- Cargill, Inc.
- Corbion NV
- Henan Jindan Lactic Acid Technology Co., Ltd
- DuPont de Nemour Inc.
News and Events:
Lactic acid and 2-hydroxypropanoic acid are produced chemically from acetaldehyde or commercially by bacterial fermentation of carbohydrates. Lactic acid is produced using tapioca, maize, beet sugar, and cane sugar. In March, the cost of domestic corn starch changed. The average price of edible first-grade corn starch was 3,290 RMB/MT on March 1st, up 3.53 percent from the average price of 3,406 RMB/MT the previous month. March saw an increase in global grain prices, favourable sentiment among local traders, and a lack of market buy or sell activity. Deep processing businesses kept raising prices to refill inventories. The price of domestic corn as a whole grew along with the cost of converting grain into starch.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing 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 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 track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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Reference Link: https://takeitcool.com/price-trends-of-2-hydroxypropanoic-acid/