|Product Name||2-Hydroxypropanoic Acid|
|Molecular Weight||180.16 g/mol|
Region/Countries for which Data is available
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||Our services can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after service delivery|
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2-Hydroxypropanoic acid or commonly known as lactic acid (alpha-hydroxy acid (AHA)) is an organic substance that is miscible with water. It is a colorless liquid but has a white solid state. It can be produced industrially by artificial synthesis and can also be made from natural sources. Moreover, it is also the least complex hydroxyl carboxylic acid having an asymmetrical carbon atom.
The chemical is formed by the breaking of sugars into energy when there is a lack of oxygen. It is chemically synthesized from acetaldehyde as well as industrially manufactured by the process of bacterial fermentation of carbohydrates.
The key ingredients that make the acid include sugars of beet and cane, tapioca, and maize which are also directly responsible for its prices.
The worldwide leading 2-Hydroxypropanoic Acid producing countries are 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 trend, pricing database, and analysis 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.
Industrial Uses Impacting 2-Hydroxypropanoic Acid Price Trend:
Industrial uses impacting 2-Hydroxypropanoic Acid price trend primarily include its employment in end-user applications like cosmetics, food, chemical, and pharmaceuticals. Its primary function is as a monomer in bio-degradable poly lactic acid (PLA) production.
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 top global diversified chemical enterprise LG Chem along with the worldwide leader in biosolutions and nutrition, ADM held a ceremony for signing the launch of 2 ventures. The plans include U.S. polylactic and lactic acid production to meet the rising demand for various plant-based products, including bioplastics.
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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.
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