Butanedioic Acid prices in the Asian market mostly hovered at the lower end. Declining feedstock prices and feeble supply and demand contributed to subdued market sentiments, keeping prices low. Europe’s market mirrored Asia’s, with falling upstream costs and steady demand, resulting in an overall bearish outlook. Butanedioic Acid Price Trend, including India Butanedioic Acid price, USA Butanedioic Acid price, 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. Similarly, North America’s market followed the global slowdown, with declining offtakes due to sufficient inventories supporting downstream demands. Replenishing stocks became cheaper as port congestions cleared and supply chains were restored, anchoring the butanedioic acid market worldwide.
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Definition
Butanedioic acid, also known as succinic acid, is a colorless, odorless dicarboxylic acid with the chemical formula C4H6O4. It occurs naturally in various plant and animal tissues and is used in the production of chemicals, polymers, and pharmaceuticals. It is a crucial component in various industrial processes, including the manufacture of plastics, food additives, and solvents.
Key Details About the Butanedioic 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 Butanedioic Acid 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.
Industrial Uses Impacting the Butanedioic Acid Price Trend
Butanedioic acid (succinic acid) is utilized in several key industrial applications. It serves as a building block in the production of biodegradable plastics, polyesters, and resins, making it essential in the plastics industry. Additionally, it finds use as a food additive, flavor enhancer, and as a precursor for pharmaceuticals, lubricants, and specialty chemicals.
- Bioplastics and Polymers: Butanedioic acid is utilized in the production of biodegradable polymers and bioplastics, serving as a renewable alternative to traditional petroleum-based plastics. Biodegradable polymers derived from succinic acid find applications in packaging, consumer goods, automotive components, and other industries. The demand for environmentally-friendly materials drives the demand for butanedioic acid in this sector, influencing its price trend.
- Pharmaceuticals and Personal Care Products: Succinic acid is used in pharmaceutical formulations and personal care products for its buffering, chelating, and emulsifying properties. It serves as a key ingredient in medications, dietary supplements, cosmetics, and skincare products. The pharmaceutical and personal care industries’ demand for succinic acid is influenced by factors such as population growth, health trends, and consumer preferences, impacting its price trend.
- Food and Beverage Additives: Butanedioic acid and its derivatives are employed as food additives and flavor enhancers in the food and beverage industry. They are used to modify acidity, improve flavor profiles, and extend shelf life in various food products, including beverages, baked goods, confectionery, and processed foods. Changes in consumer preferences, dietary habits, and food safety regulations affect the demand for succinic acid in this sector, influencing its price trend.
- Polyester Resins and Coatings: Succinic acid derivatives are utilized in the production of polyester resins and coatings for applications such as paints, adhesives, and coatings. These materials exhibit excellent adhesion, durability, and chemical resistance, making them suitable for architectural, automotive, and industrial coatings. The demand for succinic acid in the coatings and resins industry is driven by construction activities, infrastructure development, and manufacturing output, impacting its price trend.
- Green Solvents and Chemical Intermediates: Butanedioic acid serves as a precursor for the synthesis of various green solvents and chemical intermediates, including esters, diesters, and amides. These compounds find applications in solvent-based formulations, extraction processes, and specialty chemicals production. The shift towards sustainable and environmentally-friendly chemicals drives the demand for succinic acid in this sector, influencing its price trend.
- Plasticizers and Lubricants: Succinic acid esters are used as plasticizers and lubricants in polymer formulations, enhancing flexibility, resilience, and lubrication properties. They are incorporated into plastics, elastomers, and lubricating oils to improve performance and processing characteristics. The demand for succinic acid in the plasticizers and lubricants industry is influenced by factors such as industrial manufacturing activities, automotive production, and infrastructure projects, impacting its price trend.
Price trend of butanedioic acid is influenced by its diverse industrial uses across sectors such as bioplastics, pharmaceuticals, food and beverage, coatings, solvents, and polymer additives. Factors such as market demand, regulatory requirements, technological advancements, and consumer preferences play a significant role in shaping the demand and price dynamics of succinic acid in the market. Understanding these industrial applications is essential for stakeholders to effectively navigate the butanedioic acid market and anticipate price fluctuations.
Key Players
- BASF SE
- Myriant Corporation
- Dow Chemicals
- Ernesto Ventos S.A.
- Kawasaki Kasei Chemicals Ltd.
- Mitsubishi Chemical Corporation
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