Product
3-Hydroxypropanoic Acid Price Trend and Forecast
3-Hydroxypropanoic Acid Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of 3-Hydroxypropanoic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the Second Quarter of 2022
Asia
3-Hydroxypropanoic Acid is obtained via the action of a recombinant Escherichia coli strain on glycerol. Hence, the price of feedstock glycerol directly influences the price trends for 3-Hydroxypropanoic Acid. During the first quarter, the feed and ethanol prices increased owing to the surging crude oil prices, thereby causing the glycerol prices to inflate.
The glycerol price averaged 2139 USD/MT CFR Shanghai in the first quarter. Whereas in the second quarter the prices began to dip due to the mismatch in market dynamics. The high upstream costs, production cuts, and decreased buyers’ confidence in the market caused the prices to fall in the second quarter.
Europe
The price trends of 3-Hydroxypropanoic Acid and feedstock glycerol remained strong during the first half of the current year. The acute energy crisis and runaway inflation caused all the commodity prices to increase, with glycerol no exception. The prices averaged 2752 USD/MT CFR Hamburg during the first quarter. Despite the rising costs and supply-side constraints, the price trends remained strong owing to the robust downstream demands.
North America
The price trends in the US domestic arena closely mimicked that of the Asian market. They soared during the first quarter amid supply shortages and rising freight and feedstock costs. The glycerol prices were recorded at around 2812 USD/MT in the first quarter. However, the demand slacked, and the prices weakened towards the end of June.
Procurement Resource provides latest prices of 3-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
3-Hyroxypropanoic Acid is carboxylic acid with a hydroxyl group attached to the 3rd carbon. It is an important human metabolite and occurs naturally in aloe vera and pathogens like Phomopsis phaseoli. Its polymer forms an essential class of biodegradable polymers under green chemistry. It Is readily soluble in water and is an important intermediate in producing economically vital chemicals like acrylates. Hence, it is a valuable chemical with robust global demand.
Product Details
| Report Features | Details |
| Product Name | 3-Hydroxypropanoic Acid |
| HS CODE | 38220090 |
| CAS Number | 503-66-2 |
| Industrial Uses | Polymers, Acrylates, Bioplastics, Chemical Synthesis |
| Chemical Formula | C3H6O3 |
| Synonyms | 3-Hydroxypropionic Acid, Hydracrylic Acid, Ethylene lactic acid, 3PH |
| Molecular Weight | 90.08 g/mol |
| Supplier Database | Hangzhou Dayang Chemical, Shandong Fine Chemical, Apollo Scientific, Cargill Inc, BASF SE, Novozymes, Chongqing Jiezhou Chemical |
| 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 3-Hydroxypropanoic acid from Glycerol using Klebsiella pneumoniae
A recombinant Escherichia coli strain can produce 3-HP from glycerol in the presence of vitamin B12 (coenzyme B12). However, the production of 3-HP in recombinant Klebsiella pneumoniae strains does not require the addition of the vitamin as it can naturally synthesize vitamin B12. Under proper aeration conditions, the mixture is fed in the glycerol fed-batch reactor, and the subsequent product mixture obtained is subject to further differentiation to separate the desired 3PH.
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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