The Price trend of Malonic acid during the first two quarters of 2023 exhibited a substantial increase of over 5%. This uptrend was primarily driven by a reduction in Malonic acid production not only in India but also in key regions such as Europe, China, and Thailand.
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Simultaneously, sustained high consumer demand in India and increased overseas demand contributed to the surge in export rates. In essence, the price surge in Malonic acid was influenced by a combination of factors, encompassing reduced Indian production, constrained global supply, and robust Indian exports, collectively contributing to the overall upward movement in Malonic acid prices.
Definition
Malonic acid is a dicarboxylic organic compound with the chemical formula C3H4O4. It is a white, crystalline solid with a high melting point and is soluble in water. Malonic acid is notable for having two carboxyl functional groups, making it an essential precursor in the synthesis of various chemicals, including pharmaceuticals and fragrances. It can form salts, esters, and anhydrides, expanding its applications in the chemical industry.
Key Details About the Malonic 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 Malonic 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.
The Malonic acid Price chart, including India Malonic acid price, USA Malonic 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.
Industrial Uses Impacting the Malonic acid Price Trend:
Malonic acid, a dicarboxylic organic compound, serves multiple crucial roles in various industrial applications. One of its primary uses is as a key precursor in the synthesis of pharmaceuticals, including barbiturates and other drug compounds. Malonic acid is also employed in the production of fragrances, agrochemicals, and specialty chemicals. It is utilized in the manufacture of dyes and as a building block in the creation of complex organic molecules, enabling the synthesis of a wide range of chemicals and intermediates. Its versatility and significance in organic synthesis have established it as a valuable ingredient in the pharmaceutical and chemical industries, contributing to the development of essential products.
Key Players:
- Lonza group
- Wuhan Kemi-Works Chemical Co Ltd
- Columbus Chemical Industries Inc
- TATEYAMA KASEI Co ltd
- Hefei TNJ Chemical Industry Co Ltd
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