Procurement Resource Evaluates the Price Trends of Trichloroacetic Acid in its Latest Insights and Dashboard
Price Trends of Trichloroacetic Acid in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Trichloroacetic Acid price 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; customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of Trichloroacetic Acid can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
Monocarboxylic acid and organochlorine compound trichloroacetic acid is visible as a colourless, crystalline material when it is solid. It can turn into syrup after absorbing moisture from the air. It mixes with water easily and produces heat when it does. It is a conjugate acid of trichloroacetate and is generated from acetic acid.
Regions Covered to Evaluate Trichloroacetic Acid Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Trichloroacetic Acid Price Trend:
Due to the rising demand for chloroacetic acid for the manufacturing of glycine, the worldwide chloroacetic acid market is anticipated to rise significantly over the course of the projected period. Glycine is created when chloroacetic acid and ammonia react, and it is utilised as a buffer in antacids, analgesics, antiperspirants, and personal care product.
Government restrictions on chloroacetic acid, however, are a significant barrier to the market’s expansion. For instance, chloroacetic acid is harmful if consumed or applied to the skin, according to the harmonised classification and labelling (ATP01) recognised by the European Union. Inhaling it also damages the eyes and causes severe skin burns.
Key Market Players:
- Honeywell International Inc.
- ProChem, Inc. International
- Ricca Chemical Company, LLC
- MP Biomedicals (Valiant Co., Ltd.)
- SynQuest Laboratories
News and Events:
Chemicals in the US were priced FOB Texas at 1450 USD/MT and FOB Louisiana at 1476 USD/MT, respectively. The cost of acetic acid, which serves as its feedstock, had an effect on trichloroacetic acid costs.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and 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 track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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