Product
Bio-adipic Acid Price Trend and Forecast
Bio-adipic Acid Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Bio-Adipic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the Second Quarter of 2022
Biobased chemicals such as bio-adipic acid serve as suitable alternatives to conventional chemicals as it helps to reduce the dependence on fossil fuels, thereby reducing the carbon footprint. With the surging crude oil and natural gas prices, many companies are now investing the biobased chemicals. Bio-adipic acid is obtained from raw sugars, glucose and fatty acids derived from coconut oil.
The price of feedstock coconut oil remained strong throughout the Asian market owing to the supply crunch in the global market. With the absence of the Black Sea sunflower oil and palm oil export ban by Indonesia, oil prices exploded globally.
The prices of feedstock coconut oil averaged 2985 USD/MT FOB Subic (Philippines). Similar price trends were seen in the European and US domestic markets due to the trade bottlenecks and lack of valuable imports from Malaysia and the Philippines due to adverse climate conditions.
The prices of raw sugars soared throughout the Asian market owing to the robust demand from the ethanol and biofuel industries. In the USA, the prices of raw sugars peaked at 808.38 USD/MT in April and further stabilized around 797.18 USD/MT in June 2022.
Whereas in Brazil, the prices of raw sugars declined from 556.20 USD/MT ( February) to 492 USD/MT in June due to the lousy harvest owing to the adverse climate conditions caused by the La Nina weather phenomenon.
The high prices of biomass feedstock kept the price trends of bio-adipic acid strong throughout the first half of the said year.
Procurement Resource provides latest prices of Bio-Adipic 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
A bio-based route to adipic acid has been developed as an alternative to petroleum-derived adipic acid. Sugar and plant-based oils are examples of sustainable feedstocks that can be used to make bio-adipic acid.
Product Details
| Report Features | Details |
| Product Name | Bio-adipic Acid |
| Chemical Formula | C6H10O4 |
| Molecular Weight | 146.14 g/mol |
| Industrial Uses | Polymer Industry, Nylon industry, Plasticizer production, Leavening agent in food industry |
| Supplier Database | DSM, Genomatica, Bio-Amber |
| 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 Bio-Adipic Acid from Fatty Acids via Fermentation
Fatty acids are converted to adipic acid by genetically modified yeast species in this process.
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
Assistance from Experts
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Client's Satisfaction
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Assured Quality
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.