Maleic Acid Prices

Maleic Acid Prices December 2023

The price of maleic acid in the United States for Q4 2023 reached 1875 USD/MT in December. Maleic acid prices in North America mirrored the trends observed in Asian and European markets. Initially, domestic trade managed market exchanges during the early part of the quarter. However, the latter phase saw a sharp decline in the market, primarily due to overburdened inventories and accumulated unsold stocks. Overall, the price trend exhibited variations throughout the period.

The price trend for maleic acid in China reached 1736 USD/MT in December 2023. The price trend for maleic acid in the Asian markets was found to be depreciating throughout the specified period. This decline was directly attributed to rapidly decreasing consumer interest in maleic acid. Manufacturers struggled to maintain unrestricted supply in both domestic and international markets. Rising production costs compelled suppliers to limit production volumes and adopt more cautious procurement practices.

In Belgium, maleic acid prices reached 2813 USD/MT. Maleic acid prices were also observed to be falling in European markets. Regional trade was influenced by economic stability and downstream consumption of maleic acid. However, the depreciation of the Euro against the US Dollar negatively impacted consumer behavior. Increasing upstream costs and a decrease in end consumer purchases contributed to the downward trend in maleic acid prices.

Maleic Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Maleic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of maleic acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of maleic acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of maleic acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing maleic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Maleic Acid Market Analysis

The global maleic acid market size reached 107.1 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach170.47 Thousand Tons, at a projected CAGR of 5.30% during 2023-2032.

• The global maleic acid market is significantly driven by its growing demand in the food and beverage industry, particularly as an acidulant and pH control agent. The ability of maleic acid to enhance flavor, preserve food, and stabilize the pH level in various food products makes it an essential ingredient. The rising consumer preference for processed and convenience foods has led to increased use of maleic acid in products such as soft drinks, fruit juices, and baked goods. For instance, the global packaged food market was valued at approximately US$ 2,441.3 Billion in 2023, and is projected to reach US$ 4,581.6 Billion by 2032, exhibiting a CAGR of 7% during 2024-2032, and it continues to grow at a steady rate, driving the demand for food additives such as maleic acid. As urbanization increases and lifestyles become busier, the consumption of ready-to-eat and on-the-go food items rises, further boosting the need for preservatives and flavor enhancers. Maleic acid helps maintain the shelf life and taste of these products, ensuring they remain appealing to consumers.
• Another crucial factor driving the global maleic acid market is its application in the agriculture sector. Maleic acid and its derivatives, such as maleic hydrazide, are widely used as plant growth regulators. They help in controlling the growth of unwanted vegetation, managing plant growth rates, and improving the yield and quality of crops. According to the SCIENCE DIRECT, the global plant growth regulators have experienced a substantial expansion increase from 29,419.52 tons in 2003 to 745,667.62 tons in 2021, reflecting a growing reliance on these chemicals in modern agriculture. The increasing demand for high-yield and quality crops to feed the growing global population drives the use of maleic acid in agriculture. As the global population increases, there is a pressing need for sustainable agricultural practices that can ensure food security. Maleic acid helps in achieving these goals by enhancing crop resilience and productivity. Additionally, the trend toward organic farming and reduced use of harmful pesticides supports the demand for more environmentally friendly growth regulators such as maleic acid.
• Technological advancements in chemical manufacturing have significantly impacted the production and application of maleic acid. Innovations in catalytic processes, the development of bio-based production methods, and improvements in overall production efficiency have made maleic acid more accessible and cost-effective. The adoption of greener and more sustainable production techniques aligns with global trends toward reducing the environmental footprint of chemical manufacturing. For instance, the development of bio-based maleic acid, derived from renewable resources such as biomass, is gaining traction. This approach reduces reliance on fossil fuels and supports the circular economy by utilizing waste products. Furthermore, advancements in catalysis have improved the yield and purity of maleic acid, making it more viable for various industrial applications. For instance, the use of heterogeneous catalysts has enhanced the efficiency of maleic acid production, reduced costs and minimizing waste. These technological improvements make maleic acid more competitive and also open up new avenues for its application in diverse industries such as pharmaceuticals, personal care, and polymers.

Maleic Acid News

The report covers the latest developments, updates, and trends impacting the global maleic acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in maleic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the maleic acid price trend.

Latest developments in the maleic acid industry:

• In April 2024, Scientists have developed a maleic acid-treated bacterial cellulose gel to enhance bone repair. The gel is created through a process that introduces carboxyl groups and hydrophobic properties to bacterial cellulose, making it suitable as a bio-ink for tissue engineering scaffolds.

Product Description

Maleic acid is an organic compound with the formula C4H4O4, characterized by its white crystalline appearance and high solubility in water. It is a dicarboxylic acid, meaning it contains two carboxyl functional groups, which contribute to its acidity. Maleic acid is produced commercially through the catalytic oxidation of benzene or butane, processes that yield high purity and efficiency. One common method involves the use of vanadium-phosphorus oxide (VPO) catalysts, which facilitate the oxidation process and result in the formation of maleic anhydride, which can then be hydrolyzed to produce maleic acid. Another method employs the oxidation of furfural, derived from agricultural byproducts, reflecting a growing trend toward more sustainable production methods.

Maleic acid finds extensive applications across various industries due to its versatile properties. In the food and beverage industry, it serves as an acidulant and pH adjuster, enhancing flavor and extending shelf life. It is also used in agriculture as a plant growth regulator and herbicide. In the pharmaceutical and personal care sectors, maleic acid is a key ingredient in the synthesis of various drugs and cosmetic products. Additionally, it plays a vital role in the production of polymers, resins, and coatings, where it contributes to the durability and performance of the final products.

Regional Coverage

The report provides a detailed analysis of the maleic acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the maleic acid price trend.  

Global Maleic Acid Price

The report offers a holistic view of the global maleic acid pricing trends in the form of maleic acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of maleic acid but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed maleic acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Maleic Acid Price

Maleic acid prices also declined in the European markets. Regional trade was influenced by economic stability and downstream consumption of maleic acid. However, the depreciation of the Euro against the US Dollar adversely affected consumer behavior. The increase in upstream costs, coupled with a decrease in end consumer purchases, pressured the maleic acid price curve downward.

This analysis can be extended to include detailed maleic acid price information for a comprehensive list of countries.

North America Maleic Acid Price

The North American maleic acid prices mirrored the trends observed in the Asian and European markets. Initially, domestic trade managed market exchanges early in the quarter. However, the latter part of the quarter saw a significant decline in the American markets due to excessive inventories leading to unsold stock accumulation. Overall, the price trends fluctuated throughout this period.

Specific maleic acid historical data within the United States and Canada can also be provided.

Middle East and Africa Maleic Acid Price

The report explores the maleic acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on maleic acid prices for countries can also be provided.

Asia Pacific Maleic Acid Price

The price trend for maleic acid in the Asian markets showed a continuous decline during the specified period. This downturn was primarily due to a sharp decrease in consumer demand for maleic acid. Manufacturers faced challenges in maintaining unrestricted supply in both domestic and international markets. Rising production costs compelled suppliers to reduce production volumes and adopt more cautious procurement practices.

This maleic acid price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Maleic Acid Price

The analysis of maleic acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of maleic acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting maleic acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The maleic acid price charts ensure our clients remain at the forefront of the industry.