In Asia for Q1 2023, maleic acid prices rose due to increased feedstock maleic anhydride costs and disrupted supply chains. The Lunar New Year holiday and growing intercontinental demand further supported the trend. However, Q2 saw a sharp price decline due to economic fluctuations and decreased end-user demand, coupled with constrained supply. In Europe, Q1 and Q2 experienced consistent maleic acid price declines attributed to lowered feedstock costs, rising inflation, and energy expenses impacting industrial outlook. Labor strikes and logistical disruptions also contributed to the price dip. Similarly, North America's maleic acid prices dropped due to weak operational rates, interrupted supply chains, financial crises, and inadequate upstream sector support in both quarters.
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Definition
Maleic acid is a dicarboxylic organic compound with the chemical formula C4H4O4. It exists as white crystals, readily soluble in water. Maleic acid exhibits geometric isomerism with its cis and trans forms. It possesses a sharp, sour taste and is commonly used in the production of other chemicals and materials due to its ability to undergo various reactions. Its applications span industries like chemicals, polymers, coatings, and pharmaceuticals, where its properties contribute to diverse chemical processes and product formulations.
Key Details About the Maleic 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 Maleic 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 Maleic Acid Price trends, including India Maleic Acid price, USA Maleic 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 Maleic Acid Price Trend:
Maleic acid is utilized in various industrial applications due to its versatile properties. In the chemical industry, it serves as a key intermediate for producing compounds like fumaric acid, which finds applications in food and pharmaceutical sectors. Its addition to polymers and resins enhances their mechanical properties and adhesion, making it valuable in coatings, adhesives, and composites for automotive and construction industries. Maleic acid is employed in water treatment processes to control pH and prevent scale formation. It's also used in the textile industry as a dye-fixing agent and in the manufacture of personal care products for its ability to adjust pH and enhance formulation stability.
Key Players:
- Bartek Ingredients Inc
- Fuso Chemical Co Ltd
- Thirumalai Chemicals Ltd
- Yongsan Chemicals
- Prinova Group LLC
- Guangzhou ZIO Chemical Co Ltd
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