Product
2-Hydroxypropanoic Acid Price Trend and Forecast
2-Hydroxypropanoic Acid Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of 2-Hydroxypropanoic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
2-Hydroxypropanoic Acid or Lactic acid is synthesised chemically from acetaldehyde or manufactured industrially by bacterial fermentation of carbohydrates. Beet sugar, cane sugar, maize, and tapioca are all used to make lactic acid, influencing 2-hydroxypropanoic acid prices.
The domestic corn starch price changed in March. On March 1st, the average price of edible first-grade corn starch was 3,290 RMB/MT, up 3.53% from the previous month's average price of 3,406 RMB/MT.
International grain prices continued to grow in March, local trading entities remained positive, and the market was unwilling to sell or support prices. To replenish stockpiles, deep processing companies continued to raise prices.
The cost of corn starch processing increased across the board, as did the total domestic corn market price. The domestic corn starch market price climbed in all directions due to cost support.
Procurement Resource provides latest prices of 2-Hydroxypropanoic Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
2-Hydroxypropanoic acid, also known as lactic acid, is an organic acid. It has a white solid state and is miscible with water. It is a colourless liquid solution. This chemical compound is made using both artificial synthesis and natural sources. Lactic acid is also known as alpha-hydroxy acid (AHA).
Product Details
| Report Features | Details |
| Product Name | 2-Hydroxypropanoic Acid |
| Industrial Uses | Food and beverages |
| Chemical Formula | C6H12O6 |
| Synonyms | Lactic acid |
| Molecular Weight | 180.16 g/mol |
| Supplier Database | Cargill, Inc, Corbion NV, Henan Jindan Lactic Acid Technology Co., Ltd, DuPont de Nemour Inc |
| Region/Countries Covered | 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 |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| 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 |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of Lactic Acid via Fermentation
Lactic acid is manufactured in the industrial sector through bacterial fermentation of carbohydrates or chemical synthesis from acetaldehyde.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Table Of Contents
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