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Succinic acid (butanedioic acid) (C4H6O4), also called Spirit of Amber, is a four-carbon dicarboxylic acid which is naturally present in the environment and is made from liquefied petroleum gas. It appears to be in the form of white crystals or shiny white crystalline powder and is odorless and has a highly acidic taste. It is naturally occurring in fungi and lichens and is a component of the cycle of citric acid.
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This is a common organic acid which is made by the anaerobic digestion of a majority of living cells. It is soluble in water and has a melting point is 185–187° C (365–369° F). Its Net Charge of 0.
Key Details About the Succinic 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 Succinic 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 Succinic acid Price analysis, including India Succinic acid price, USA Succinic acid price, pricing database, and chart 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.
Read Also - https://procurementresource.blogspot.com/2023/06/wheat-price-trend-forecast.html
Industrial Uses Impacting Succinic acid Price Trend:
Succinic acid has wide usage in many food, chemical and pharmaceutical industries, where it is used as a precursor to generate various products like plasticisers, perfumes, lacquers, dyes, solvents, and photographic chemicals. It also finds application as an antibiotic, additive, surfactant, curative agent, and ion chelator etc. In the food industry, it serves as a buffer, sequestrant and neutralising agent. Also, it plays the role of a micronutrient, a nutraceutical, a radiation protective agent, an essential metabolite and an anti-ulcer drug which furthers the market expansion.
Key Players:
- BASF SE
- Myriant Corporation
- BioAmber
- Parchem
- Dow Chemicals
- Ernesto Ventos S.A.
- The Chemical Company
- Kawasaki Kasei Chemicals Ltd.
- Mitsubishi Chemical Corporation
News & Recent Development
- 13th June 2023- There was a rise in prices for Succinic Acid, which landed at JPY 50/kg (USD 0.5/kg) for Succinic Acid and JPY 25/kg (USD 0.25/kg) for Disodium Succinate “SS50”.
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