Pentaerythritol Price In USA
- United states: 1910 USD/MT
The price of pentaerythritol in the United States for Q4 2023 experienced a bearish trend due to ample inventory and weak demand from various end-use industries. Additionally, low shipping activities, which increased inventory levels, contributed to the downward movement. Consequently, the market price in December settled at 1910 USD/MT.
The latest report by IMARC Group, titled ” Pentaerythritol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of Pentaerythritol Prices. This report delves into the price of pentaerythritol globally, presenting a detailed analysis, along with informative Price Chart. Through comprehensive pentaerythritol price analysis, the report sheds light on the key factors influencing these trends. 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 market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Pentaerythritol Prices Analysis
- China: 1220 USD/MT
- Belgium: 1435 USD/MT
- Saudi Arabia: 1180 USD/MT
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The study delves into the factors affecting pentaerythritol 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.
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Pentaerythritol Price Trend- Last Quarter
Numerous important aspects impact the pentaerythritol market globally, propelling its expansion and demand in a range of sectors. The need for pentaerythritol has increased due to the growing construction industry, especially in emerging nations. This substance is frequently used to make alkyd resins, which are necessary for paints and coatings used in construction. The pentaerythritol market is expanding due to the growing demand for vehicles worldwide, since it is an essential ingredient in the production of automotive coatings and synthetic lubricants. The need for pentaerythritol is also fueled by the growing popularity of energy- and eco-efficient products, since it is a necessary ingredient in the creation of sustainable products like biodegradable explosives and low-VOC coatings.
Pentaerythritol Industry Analysis
In 2023, the pentaerythritol market was valued at US$ 1.7 billion worldwide. The IMARC Group projects that the market would grow at a predicted CAGR of 4.30% from 2023 to 2032, or US$ 2.5 billion. During the last quarter of 2023, pentaerythritol prices in the North American area showed a negative tendency. Because of the market’s existing supplies and a fall in demand from end-user sectors, this price decline continued throughout the quarter. At first, local purchasers showed slow demand, which was mostly caused by a reduction in replenishment operations as winter drew near.
In contrast, during the fourth quarter of 2023, the pentaerythritol (PENT) price trend in the Asian area showed conflicting feelings. Additionally, throughout the last quarter of 2023, pentaerythritol prices in the European region continued to decline steadily, mirroring the bearish pattern observed in the North American region. The main reason for the slow demand was local customers. Concurrently, pentaerythritol’s cost support was lowered due to lower upstream methanol prices. Due to lower application rates in the horticulture and agriculture sectors, consumption rates in the pesticide industries fell throughout the quarter as winter approached and temperatures in the Northern Hemisphere dropped. As a result, the local market’s merchandise inventory levels increased. Pentaerythritol (PENT) prices in the MEA area, however, showed a negative trend in Q42023, with an almost 22% decline in total prices owing to a variety of variables.
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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