|Product Name||2-Hydroxypropanoic Acid|
|Industrial Uses||Food and beverages|
|Supplier Database||Cargill, Inc, Corbion NV, Henan Jindan Lactic Acid Technology Co., Ltd, DuPont de Nemour Inc|
|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|
Request for Real Time 2-Hydroxypropanoic Acid Prices: https://www.procurementresource.com/resource-center/2-hydroxypropanoic-acid-price-trends/pricerequest
2-Hydroxypropanoic acid also referred to as lactic acid or alpha-hydroxy acid (AHA), is an organic compound that is miscible with water. It is a colourless liquid and can be manufactured both from natural sources and by industrial artificial synthesis. Additionally, it is the hydroxyl carboxylic acid with an asymmetric carbon atom.
When there is not enough oxygen, the chemical is created by breaking down sugar into energy. It can be produced chemically from acetaldehyde and commercially via the method of bacterial fermentation of carbohydrates.
Sugars from beet and cane, tapioca, and maize are the main components that go into making the acid, and they are also directly in charge of setting the price.
2-Hydroxypropanoic Acid-producing countries are the Netherlands, China, Thailand, Spain, and Belgium.
Key Details About the 2-Hydroxypropanoic Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the 2-Hydroxypropanoic Acid price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The 2-Hydroxypropanoic Acid price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting 2-Hydroxypropanoic Acid Price Trend:
The employment of 2-Hydroxypropanoic Acid in end-user industries like cosmetics, food, chemicals, and pharmaceuticals has a significant impact on the price trend of this compound. Its main use is as a monomer in the manufacturing of biodegradable polylactic acid (PLA).
Key Market Players:
• Cargill, Inc.
• Corbion NV
• Henan Jindan Lactic Acid Technology Co., Ltd
• DuPont de Nemour Inc.
News and Events:
• August 15, 2022– At a ceremony to officially start two ventures, the top global diversified chemical firm LG Chem, and the world leader in nutrition and BioSolutions, ADM, participated. To address the increasing demand for diverse plant-based goods, including bioplastics, the plans call for the manufacture of polylactic acid and lactic acid in the United States.
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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
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