Production of gluonic acid usually involves a great deal of catalytic oxidation of glucose, which is primarily obtained from carb sources like sugarcane and corn starch. So, along with the demands and queries from the downstream industries, the price fluctuations in these base material markets also influence the gluconic acid rates. During Q1’24, gluconic acid prices were mostly found wavering at the lower end of the price curve primarily because of the large inventory sizes.
As per USDA corn prices have been trembling in recent times, despite a rise in demands, particularly for ethanol and animal feed, good harvests have led to lower corn prices. This decline has sparked competitive conditions among downstream industries the derivative markets like gluconic acid, creating uncertainties about future pricing. Despite increased usage, the abundance of corn has been keeping its prices stable.
The season-average corn price is expected to drop by 5 cents in April compared to the previous month, primarily due to these large harvests and reduced ending stocks. This trend demonstrates how a robust supply of corn is impacting its market and those of its by-products.
Analyst Insight
According to Procurement Resource, the Gluconic Acid prices are likely to waver low in the coming months, since the feedstock price trends also remain subdued going forward.
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Gluconic acid is a mild organic acid derived from glucose by fermentation. It is highly soluble in water and non-toxic, making it suitable for various applications. Commonly used as a food additive, it improves flavor and stabilizes quality. In pharmaceuticals, it enhances mineral absorption. Gluconic acid also serves in concrete mixtures, textile dyeing, and metal cleaning due to its chelating properties. Additionally, it is used in water treatment and as a component in eco-friendly cleaning products.
C6H12O7
Food additive, Pharmaceutical ingredient, Concrete admixture, Cleaning product component, Metal cleaning and plating, Textile dyeing and finishing, Water treatment
Roquette, Jungbunzlauer, PMP, TCI Chemicals, Merck Millipore, R-biopharm, Evonik, Toronto Chemicals
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-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.
The production process is initiated by the oxidation of glucose in the presence of hydrogen peroxide, which serves as a catalyst in the reaction. The process results in oxidizing glucose, producing gluconic acid as the final product.
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