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2-Hydroxypropanoic Acid Price Trend and Forecast
2-Hydroxypropanoic Acid Price Trend and Forecast
2-Hydroxypropanoic Acid 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 Price Trend for the First Half of 2023
Asia
2-Hydroxypropanoic Acid (lactic Acid) market witnessed mixed market sentiments in the first half of 2023. Q1 began with lowered prices as a result of consistently low demands from end consumers and downstream markets and glutted inventory stocks.
2-Hydroxypropanoic Acid Price Chart
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Feedstock glycerol also stayed in the decelerated track, which lowered the upstream costs and contributed to the dull prices. But the rise in demands from downstream food and beverage industries in the middle of the first quarter overtook, and the prices started inclining again; prices oscillated upwards for the rest of the said period. Overall mixed price trend for 2-Hydroxypropanoic Acid/Lactic Acid were observed.
Europe
The European 2-Hydroxypropanoic Acid market had a fluctuating run in H1 2023. Prices kept declining at the beginning of the first quarter as both dwindling demands and depreciating feedstock glycerol prices collectively kept pulling the market trend down. But from mid, Q1 market started to stabilize and observed equilibrium between supply and demand dynamics. After some time, by the end of the first quarter, food prices had started hiking, pertaining to weather conditions. This rise, along with the rise in demands, exerted positive cost pressure, and 2-Hydroxypropanoic Acid prices started rising along. Overall, market sentiments were mixed.
North America
The American 2-Hydroxypropanoic Acid market observed oscillating trend. Both demand and upstream production costs remained dull and didn’t let the 2-Hydroxypropanoic Acid prices improve. A little stagnancy was approached by the middle of the first quarter. Inflation didn’t impact the American economy like the European one, and the supply–demand dynamics started improving. Overall, 2-Hydroxypropanoic Acid market sentiments in the US remained dull.
Analyst Insight
According to procurement resources, the 2-Hydroxypropanoic Acid prices are expected to continue a similar oscillating pattern in the future, given the uncertain demands from downstream food & beverages industries.
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
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).
2-Hydroxypropanoic Acid 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.
2-Hydroxypropanoic Acid 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).
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