Get the latest insights on price movement and trend analysis of Maleic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Maleic Acid Price Trend for the First Half of 2023
The first quarter of 2023 proved to be favorable for the rise in maleic acid prices. Severe disruptions in the supply chains and low rates of production led to the scarcity of feedstock materials in the region, and with the onset of the Lunar New Year holiday season in China, the market activities slowed down. However, the intercontinental demand rose significantly, and with less availability of the product, the price trend of maleic acid inclined. In the second quarter, the price trend fell abruptly amid severe fluctuations in economic conditions. The demand from end-user industries dipped, and the supply of the product remained constrained, which eventually negatively impacted the prices of maleic acid.
The European market of maleic acid continuously declined in the first two quarters of 2023 as the feedstock costs declined significantly in these quarters. Also, with the rise in inflation rates and energy costs, the industrial outlook in the region suffered adversely. In the second quarter, the decline in cargo charges and strikes of labor workers led to disruptions in the logistic chains along with the shutting down of some significant production chains. Hence, the prices of maleic acid took a dip.
The operational rates of maleic acid remained weak throughout the first quarter of 2023 amid the feeble demands. As seen in the European region, the sliding cost of cargo and interruptions in the supply chain also contributed to the fall in the prices of maleic acid. The second quarter witnessed soaring rates of inflation due to the ongoing financial crises after the shutting down of two major US banks. The feedstock and upstream sectors also failed to provide the required support, and as a result, the prices of maleic acid continued to decline in the second quarter.
According to Procurement Resource, the price trend of maleic acid is expected to depict a falling trajectory with a fall in downstream demand and rising inflation levels.
Procurement Resource provides latest prices of Maleic 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.
Maleic acid is a crystalline powder with dicarboxylic groups. It has a sharp and sour taste and is also soluble in water and other polar solvents. In chemical industries, it is highly employed in the production of fumaric acid, and polymers such as unsaturated polyester resins. It exhibits geometric isomerism with its cis and trans forms. Its properties make it valuable in industries such as chemicals, polymers, coatings, and pharmaceuticals, due to its ability to contribute to various chemical reactions and material formulations.
|Product Name||Maleic Acid|
|Industrial Uses||Water treatment, Printing and paper industry, Polymers and resins, Chemical intermediates, Textile industry|
|Molecular weight||134.08 g/mol|
|Supplier Database||Bartek Ingredients Inc, Fuso Chemical Co Ltd, Thirumalai Chemicals Ltd, Yongsan Chemicals, Prinova Group LLC, Guangzhou ZIO Chemical Co Ltd|
|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.
The production of maleic acid is done using benzene in the presence of a suitable catalyst. In the first step, the catalytic oxidation of benzene produces maleic anhydride and then its subsequent hydrolysis gives maleic acid after proper purification and isolation.
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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