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Request for Real Time 2-Hydroxypropanoic Acid Prices:
2-Hydroxypropanoic acid is an organic compound, which is also referred to as lactic acid or alpha-hydroxy acid (AHA). It is highly miscible in water.
It is a colourless liquid that can be produced through industrial artificial synthesis as well as from natural resources. Additionally, it has an asymmetric carbon atom, making it a hydroxyl carboxylic acid.
The molecule is produced when there is insufficient oxygen by converting sugar into energy. Chemical synthesis from acetaldehyde and commercial fermentation of carbohydrates are two ways to produce it.
Sugars from beet and cane, tapioca, and maize are the primary components that go into manufacturing the acid, and they are also directly in charge of setting the price.
Netherlands, China, Thailand, Spain, and Belgium are leading 2-Hydroxypropanoic Acid-producing countries.
Key Details About the 2-Hydroxypropanoic 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 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; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The, 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 2-Hydroxypropanoic Acid Price Trend:
In the upcoming years, the 2-Hydroxypropanoic Acid application category is probably going to hold the majority of the market share. The market will develop as a result of the rising demand for it in food packaging, automotive, textile, engineering plastic, and other industries. The product is typically regarded as food safe because it is made from biodegradable materials.
It is used in items like glasses, disposable cups, tea bags, mulch films, and bottles because of its biodegradable quality.
Other than that, it is also employed in 3D printing, toys, and bioplastics.
Key Market Players:
- Cargill, Inc.
- Corbion NV
- Henan Jindan Lactic Acid Technology Co., Ltd
- DuPont de Nemour Inc.
News and Events:
- August 15, 2022: The world’s largest diversified chemical company, LG Chem, and the global leader in food and beverage solutions, ADM, took part in a ceremony to launch two businesses. The plans call for the production of polylactic acid and lactic acid in the US in order to meet the rising demand for a variety of plant-based products, including bioplastics.
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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.
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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