Maleic Acid Price History and Forecast Analysis | Procurement Resource

During Q1 2023, maleic acid prices surged in Asia, driven by higher costs of its raw material, maleic anhydride, and disruptions in the supply chain. The Lunar New Year holiday and increased demand across continents added to this upward trend. However, in Q2, prices sharply fell due to economic fluctuations, reduced demand from consumers, and limited supplies. In Europe, both Q1 and Q2 saw consistent declines in maleic acid prices due to lower costs of raw materials, inflation, and increased energy expenses impacting the industrial outlook. Labor strikes and logistical disruptions also contributed to the price decrease. Similarly, North America experienced a drop in maleic acid prices in both quarters due to low operational rates, supply chain interruptions, financial crises, and insufficient support in the upstream sector.

 

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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's versatility finds application across diverse industries. In chemistry, it acts as a crucial intermediate for producing compounds like fumaric acid, pivotal in food and pharmaceutical sectors. Its incorporation into polymers and resins bolsters their mechanical strength and adhesion, proving invaluable in automotive and construction realms, such as coatings, adhesives, and composites. Additionally, maleic acid plays a role in water treatment, regulating pH levels and preventing scale formation. Its utilization extends to the textile sector as a dye-fixing agent and in crafting personal care products, where it adjusts pH and augments 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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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

 

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