Get the latest insights on price movement and trend analysis of 3-Hydroxypropanoic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
3-Hydroxypropanoic Acid Price Trend for the First Half of 2023
The 3-Hydroxypropanoic acid prices in the Asia-Pacific region were majorly affected by the costs of its feedstock, i.e., glycerol. In the first quarter of 2023, the demand for glycerol declined as the downstream sectors decreased the number of offtakes, and because of that, the level of inventories rose. The manufacturers were thus forced to reduce their price quotations which eventually led to a drop in the prices of 3-Hydroxypropanoic acid. This trend continued throughout the second quarter; however, certain short-lived peaks were seen owing to regional imbalances/uncertainties.
The European region witnessed a fluctuating trend in the prices of 3-Hydroxypropanoic acid in the first two quarters of 2023. The trend was mostly affected by the glycerol market, and its prices depreciated amid the slow movement of the European market and a rise in the level of inventories. The feedstock market was also affected by the sliding demand and striking high energy prices in the first half. The market soon set its recovery pathway with the surge in demand and high exporting potential of the region, and as a result, the prices inclined slowly in the second quarter of 2023.
In the North American region, the price trend of 3-Hydroxypropanoic acid was influenced by weak market dynamics and declining demand for its feedstock glycerol. The domestic traders struggled with the problem of oversupply and rising levels of inventories in the initial months of the first quarter of 2023. However, towards the latter months, the prices stabilized with support from the oleochemical and biodiesel industries.
According to Procurement Resource, the price of 3-Hydroxypropanoic acid is estimated to showcase an inclining trend in the upcoming quarter. The demand dynamics and overall market consumption of 3-Hydroxypropanoic acid seem to be improving, which is expected to impact the pricing fundamentals positively.
3-Hydroxypropanoic Acid Price Trend for the Second Half of 2022
3-Hydroxypropanoic acid market price trends in the Asian market faced a low inclination in H2 2022. As price trends for 3-Hydroxypropanoic acid closely follow that of its feedstock glycerol, the market replicated similar supply-demand trends. H2 2022 turned out to be a phase of deceleration in the price trends.
Both Chinese and Indian markets showed very riddled demands. Inventories were capable of meeting the existing market requirements, but neither upstream production costs nor quantities could help maintain the 3-Hydroxypropanoic acid market sentiments for Asia.
Europe witnessed a very mixed price trend for 3-Hydroxypropanoic acid during H2 2022. Disrupted supply chains and crowded seaport shipments would make it difficult for Asian imports to reach European industries, pushing the prices, but the existing stocks and dampened demands controlled the prices.
So H2 2022 witnessed both periods of highs and lows, but as the universal slowdown continued, the 3-Hydroxypropanoic acid market remained low swinging in the European market too.
The North American market for 3-Hydroxypropanoic acid still performed better than others in H2 2022. Even though the market demands didn’t have any different patterns than universally low stooping, hurdles in feedstock procurement pushed the 3-Hydroxypropanoic acid market sentiments up.
Along with supply chain disruptions and port congestions, unforeseen highs in inflation rates were also responsible for pushing 3-Hydroxypropanoic acid prices up. Even with feeble steepness 3-Hydroxypropanoic acid price trends still performed better than in other parts of the world. Price trends for 3-Hydroxypropanoic acid during H2 2022 in North America kept wavering on the stable side.
According to Procurement Resource, the 3-Hydroxypropanoic market is going to show mixed price sentiments. The end-user and downstream sectors are expected to show even lower demands as global economic problems worsen.
For the Second Quarter of 2022
3-Hydroxypropanoic Acid is obtained via the action of a recombinant Escherichia coli strain on glycerol. Hence, the price of feedstock glycerol directly influences the price trends for 3-Hydroxypropanoic Acid. During the first quarter, the feed and ethanol prices increased owing to the surging crude oil prices, thereby causing the glycerol prices to inflate.
The glycerol price averaged 2139 USD/MT CFR Shanghai in the first quarter. Whereas in the second quarter the prices began to dip due to the mismatch in market dynamics. The high upstream costs, production cuts, and decreased buyers’ confidence in the market caused the prices to fall in the second quarter.
The price trends of 3-Hydroxypropanoic Acid and feedstock glycerol remained strong during the first half of the current year. The acute energy crisis and runaway inflation caused all the commodity prices to increase, with glycerol no exception. The prices averaged 2752 USD/MT CFR Hamburg during the first quarter. Despite the rising costs and supply-side constraints, the price trends remained strong owing to the robust downstream demands.
The price trends in the US domestic arena closely mimicked that of the Asian market. They soared during the first quarter amid supply shortages and rising freight and feedstock costs. The glycerol prices were recorded at around 2812 USD/MT in the first quarter. However, the demand slacked, and the prices weakened towards the end of June.
Procurement Resource provides latest prices of 3-Hydroxypropanoic Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
3-Hyroxypropanoic Acid is carboxylic acid with a hydroxyl group attached to the 3rd carbon. It is an important human metabolite and occurs naturally in aloe vera and pathogens like Phomopsis phaseoli. Its polymer forms an essential class of biodegradable polymers under green chemistry. It Is readily soluble in water and is an important intermediate in producing economically vital chemicals like acrylates. Hence, it is a valuable chemical with robust global demand.
|Product Name||3-Hydroxypropanoic Acid|
|Industrial Uses||Polymers, Acrylates, Bioplastics, Chemical Synthesis|
|Synonyms||3-Hydroxypropionic Acid, Hydracrylic Acid, Ethylene lactic acid, 3PH|
|Molecular Weight||90.08 g/mol|
|Supplier Database||Hangzhou Dayang Chemical, Shandong Fine Chemical, Apollo Scientific, Cargill Inc, BASF SE, Novozymes, Chongqing Jiezhou Chemical|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|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|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
A recombinant Escherichia coli strain can produce 3-HP from glycerol in the presence of vitamin B12 (coenzyme B12). However, the production of 3-HP in recombinant Klebsiella pneumoniae strains does not require the addition of the vitamin as it can naturally synthesize vitamin B12. Under proper aeration conditions, the mixture is fed in the glycerol fed-batch reactor, and the subsequent product mixture obtained is subject to further differentiation to separate the desired 3PH.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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