Adipic Acid Prices In USA
- United States: 2485 USD/MT (Lab Grade)
The Prices Of Adipic Acid in the United States for Q4 2023 reached 2485 USD/MT in December.
The latest report by IMARC Group, titled "Adipic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Adipic Acid Prices. This report delves into the price of Adipic Acid globally, presenting a detailed analysis, along with informative Price Chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts Industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Adipic Acid Prices Analysis
- South Korea: 1386 USD/MT
- Netherlands: 3429 USD/MT
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The study delves into the factors affecting Adipic Acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/adipic-acid-pricing-report/requestsample
Adipic Acid Price Trend last Quarter
In addition to its expanding range of uses in the food industry, plasticizers, polyurethane manufacturing, and nylon 6,6 production, adipic acid's primary driving force in the market is its indispensable role in this process. The demand for adipic acid, a crucial dicarboxylic acid, is primarily driven by the automotive and electronics sectors, which place a high value on the strength, thermal stability, and wear resistance of nylon 6.
The usage of nylon 6,6 has increased in particular because to the push towards lighter automobiles for increased fuel economy and reduced emissions, which has increased demand for adipic acid. The use of the material in textiles and carpeting also contributes to this rise. Adipic acid plays a role in the creation of flexible foams for furniture, bedding, and car interiors within the field of polyurethanes, which are utilized in foams, elastomers, and coatings.
The compound's demand profile is diversified by its usage as a flavorant and acidity regulator in food and drinks, even though its volume as a food additive is lower than that of its industrial uses. Bio-based adipic acid has advanced due to environmental concerns and the pursuit of sustainable procedures, with the goal of minimizing environmental effect and reducing dependency on petrochemical sources. This move toward sustainability, together with the ongoing rise in both conventional and novel uses, highlights the market for adipic acid's explosive growth.
Adipic Acid Industry Analysis
The worldwide market for adipic acid showed different patterns in the fourth quarter of 2023 in North America, Europe, and the Asia-Pacific (APAC) region, each of which was dealing with its own distinct set of issues and market dynamics. In spite of a backdrop of fewer purchases and weak global demand, the market saw a minor recovery in North America.The main cause of this paradoxical scenario was high borrowing rates, which made consumers cautious and caused a halt in purchase activity. Due in part to reasonable supply levels and the underwhelming performance of benzene, a crucial raw material, the adipic acid market in this region was able to sustain pricing stability at a slower rate of rise.
The manufacturers also mentioned greater operational expenditures as a result of higher oil and materials resulting from oil prices. Nonetheless, the period's high supply and lack of notable plant closures guaranteed a lackluster level of demand, averting any big price increases.
On the other hand, throughout the quarter, adipic acid prices significantly decreased in the APAC area, especially in South Korea. This trend was principally driven by low-cost pressure from the raw material benzene in the Chinese market, an excess supply, and muted demand. Destocking operations were prompted by the end of the year and possible declines in demand, which made the price reduction even worse. Comparably, moderate supply and low demand defined the market dynamics in Europe, with notable price variations in the Netherlands.
Due to an abundance of supply and a lack of demand, downstream sectors were compelled to adopt a careful procurement approach, only buying adipic acid when necessary. This conservative approach suggests that other variables, such raw material costs and economic policies, had a greater impact on the market than did demand. This is supported by the poor connection between price and demand.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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