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| Report Features | Details |
| Product Name | 2-Hydroxypropanoic Acid |
| Region/Countries Covered |
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| 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 report delivery |
Request for Real Time 2-Hydroxypropanoic Acid Prices: https://www.procurementresource.com/resource-center/2-hydroxypropanoic-acid-price-trends/pricerequest
2-Hydroxypropanoic acid, often known as lactic acid or alpha-hydroxy acid, is an organic substance. It has a considerable miscibility with water.
It is a colourless liquid that can be made from natural materials as well as through industrial artificial synthesis. It is also a hydroxyl carboxylic acid because of the presence of an asymmetric carbon atom.
When there is not enough oxygen, the molecule is created by turning sugar into energy. It can be made through commercial carbohydrate fermentation or chemical synthesis from acetaldehyde.
The main ingredients used to make the acid are sugars from beet and cane, tapioca, and maize. These ingredients are also directly in charge of determining the price.
The leading 2-Hydroxypropanoic Acid-producing countries are the Netherlands, China, Thailand, Spain, and Belgium.
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:
The 2-Hydroxypropanoic Acid application category is likely to dominate the market share in the next years. The market will expand as a consequence of the increasing demand for it in many industries, including engineering plastic, automotive, textile, and food packaging. Because it is comprised of biodegradable materials, the item is generally thought to be food-safe.
Because of its biodegradable nature, it is utilised in products including glasses, disposable cups, tea bags, mulch films, and bottles.
In addition, it is used in toys, bioplastics, and 3D printing.
Key Market Players:
- Cargill, Inc.
- Corbion NV
- Henan Jindan Lactic Acid Technology Co., Ltd
- DuPont de Nemour Inc.
News and Events:
- August 15, 2022: ADM, the industry leader in food and beverage solutions, and LG Chem, the largest diversified chemical firm in the world, both participated in a ceremony to officially establish two new ventures. To fulfill the increased demand for a range of plant-based goods, such as bioplastics, the plans call for the manufacture of polylactic acid and lactic acid in the US.
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About Us:
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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