2-Hydroxypropanoic Acid Prices, Trend & Forecasts | Provided by Procurement Resource

Product Name - 2-Hydroxypropanoic Acid
Currency - US$ (Data can also be provided in local currency)
Customization Scope - The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery

Region/Countries for which Data is available

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece,

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco

Request for Real Time 2-Hydroxypropanoic Acid Prices: https://www.procurementresource.com/resource-center/2-hydroxypropanoic-acid-price-trends/pricerequest

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 2-Hydroxypropanoic Acid price chart, 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.

Read More: https://www.procurementresource.com/resource-center/2-hydroxypropanoic-acid-price-trends

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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This release was published on openPR.