In H1 2023, Bio-Adipic Acid prices mirrored the fluctuations in coconut oil, its natural feedstock. Declining coconut oil prices, attributed to high stocks and low demand in major exporting countries, impacted Bio-Adipic Acid prices. Europe and America experienced similar trends due to good market productivity. Overall, the Bio-Adipic Acid market remained stable.
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Definition
Bio-Adipic acid is a chemical compound sourced from natural oils, such as coconut and palm oil. It is used in various industries, including plastics, textiles, and pharmaceuticals, due to its applications as a precursor to nylon production and as a green alternative to conventional adipic acid.
Key Details About the Bio-Adipic 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 Bio-Adipic 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 Bio-Adipic Acid Price chart, including India Bio-Adipic Acid price, USA Bio-Adipic 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 Bio-Adipic Acid Price Trend:
Bio-Adipic acid plays a vital role in various key industries. It is utilized as a precursor in the Polymer and Nylon industries, contributing to the production of resilient materials. Additionally, it finds application in Plasticizer production, enhancing the flexibility of plastics, and acts as a leavening agent in the food industry, ensuring desirable texture in baked goods.
Key Players:
- Asahi Kasei Corporation
- BASF SE
- Invista
- Lanxess AG
- Ascend Performance Materials
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