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Gluconic Acid Price Trend and Forecast
Gluconic Acid Price Trend and Forecast
Gluconic Acid Regional Price Overview
Get the latest insights on price movement and trend analysis of Gluconic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Gluconic Acid Price Trend for Q1 of 2024
Production of gluonic acid usually involves a great deal of catalytic oxidation of glucose, which is primarily obtained from carb sources like sugarcane and corn starch. So, along with the demands and queries from the downstream industries, the price fluctuations in these base material markets also influence the gluconic acid rates. During Q1’24, gluconic acid prices were mostly found wavering at the lower end of the price curve primarily because of the large inventory sizes.
Gluconic Acid Price Chart
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As per USDA corn prices have been trembling in recent times, despite a rise in demands, particularly for ethanol and animal feed, good harvests have led to lower corn prices. This decline has sparked competitive conditions among downstream industries the derivative markets like gluconic acid, creating uncertainties about future pricing. Despite increased usage, the abundance of corn has been keeping its prices stable.
The season-average corn price is expected to drop by 5 cents in April compared to the previous month, primarily due to these large harvests and reduced ending stocks. This trend demonstrates how a robust supply of corn is impacting its market and those of its by-products.
Analyst Insight
According to Procurement Resource, the Gluconic Acid prices are likely to waver low in the coming months, since the feedstock price trends also remain subdued going forward.
Procurement Resource provides latest prices of Gluconic 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 Gluconic Acid
Gluconic acid is a mild organic acid derived from glucose by fermentation. It is highly soluble in water and non-toxic, making it suitable for various applications. Commonly used as a food additive, it improves flavor and stabilizes quality. In pharmaceuticals, it enhances mineral absorption. Gluconic acid also serves in concrete mixtures, textile dyeing, and metal cleaning due to its chelating properties. Additionally, it is used in water treatment and as a component in eco-friendly cleaning products.
Gluconic Acid Product Details
| Report Features | Details |
| Product Name | Gluconic Acid |
| Chemical Formula | C6H12O7 |
| Industrial Uses | Food additive, Pharmaceutical ingredient, Concrete admixture, Cleaning product component, Metal cleaning and plating, Textile dyeing and finishing, Water treatment |
| Molecular Weight | 196.16 g/mol |
| CAS number | 526-95-4 |
| HS Code | 291816 |
| Supplier Database | Roquette, Jungbunzlauer, PMP, TCI Chemicals, Merck Millipore, R-biopharm, Evonik, Toronto Chemicals |
| 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.
Gluconic Acid Production Process
- Gluconic Acid Production by the catalytic oxidation method.
The production process is initiated by the oxidation of glucose in the presence of hydrogen peroxide, which serves as a catalyst in the reaction. The process results in oxidizing glucose, producing gluconic acid as the final product.
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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