1,4-Dimethylbenzene Price Trend

1,4-Dimethylbenzene Prices December 2023

The price of 1,4-dimethylbenzene in the United States for Q4 2023 reached 977 USD/MT.

In December 2023, the price of 1,4-dimethylbenzene in South Korea reached 958 USD/MT.

In Germany, 1,4-dimethylbenzene price reached 1266 USD/MT in Q4 2023.

1,4-Dimethylbenzene Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “1,4-Dimethylbenzene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of 1,4-dimethylbenzene 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 prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing 1,4-dimethylbenzene 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.

1,4-Dimethylbenzene Market Analysis

The global 1,4-dimethylbenzene market size reached 55.17 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 81.29 Million Tons, at a projected CAGR of 4.40% during 2023-2032.

• Purified terephthalic acid (PTA) is the base for polyester, and polyester is derived from 1,4 dimethylbenzene. This, along with the rising need for polyester, is driving its demand. Emerging nations are witnessing the growth of textile industry, which is driving the demand for polyester fibers, thereby expanding the market for 1,4-dimethylbenzene.
• Food and beverage (F&B) industry is one of the fastest growing sectors around the world. To store beverages, this sector requires plastic bottles and containers, which is manufactured by polyethylene terephthalate (PET) resins. And this PET resins are produced using 1,4-dimethylbenzene, thereby increasing its demand worldwide.
• The World Bank’s report of 2023 claims that around 50% of the population resides in urban areas, which is expected to increase by 1.5 times to 6 billion by 2045. Rapid urbanization and population growth is viewed as one of the most effective factors responsible for the growth of the 1,4-dimethylbenzene, as it is directly proportional to the increasing consumption of textiles and packaging materials.
• The 1,4-dimethylbenzene demand is further amplified by its utilization in the production of lightweight components in the automotive sector. For benefitting users and enhancing the fuel efficiency of the vehicle, lightweight feature is important.
• The 1,4-dimethylbenzene production has also witnessed a considerable surge due to technological advancements in production processes like cost-effective methods and enhanced catalytic processes. This also results in the formation of high-quality 1,4-dimethylbenzene, making the market more competitive and accessible.
• 1,4-dimethylbenzene is increasingly popular due to its utilization in the production of coatings and paints. Its consistency and drying properties make it highly suitable for coatings and paints. According to the IMARC Group’s report, the global paints and coatings market is expected to reach US$ 269.0 Billion by 2032.
• The 1,4-dimethylbenzene market is further being reinforced by its employment as a reagent in laboratory settings for research and development (R&D) purposes, particularly in organic synthesis and chemical analysis. This is further helpful in pharmaceutical and healthcare sector to make medicines.

1,4-Dimethylbenzene News

The report covers the latest developments, updates, and trends impacting the global 1,4-dimethylbenzene 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 1,4-dimethylbenzene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the 1,4-dimethylbenzene industry:

• In 2023, Chiyoda Corporation, the University of Toyama, and HighChem announced the first successful production and purification of p-Xylene from CO₂.
• In 2023, Godrej and Boyce collaborated with Tecnimont to deliver the equipment to Indian Oil Corporation Limited (IOCL)'s integrated paraxylene-purified terephthalic acid (PX-PTA) Project at Paradip refinery in Odisha.

Product Description

Characterized by the opposing locations of the methyl groups on the benzene ring, it is attained from crude oil via catalytic reforming and other refining processes. Sometimes known as p-xylene, 1,4-dimethylbenzene is an aromatic hydrocarbon with C₆H₄(CH₃)₂ as its chemical formula. Physically, it is a colorless and flammable liquid, which also has sweet and aromatic odor.

Pure terephthalic acid (PTA) is a critical precursor in the manufacture of polyethylene terephthalate (PET) and PTA requires 1,4-dimethylbenzene for its production. The development and manufacturing of a wide range of products that are central to daily life and technological advancement is highly dependent on capabilities of 1,4-dimethybenzene. The importance of PET is showcased when it plays a crucial role in producing fibers for textiles as well as resins for plastic bottles and packaging materials due to its strength, transparency, and recyclability.

Regional Coverage

The report provides a detailed analysis of the 1,4-dimethylbenzene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends 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 price trends.

Global 1,4-Dimethylbenzene Price

The report offers a holistic view of the global 1,4-dimethylbenzene pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe 1,4-Dimethylbenzene Price

European 1,4-dimethylbenzene prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed 1,4-dimethylbenzene price information for a comprehensive list of countries.

North America 1,4-Dimethylbenzene Price

The analysis of 1,4-dimethylbenzene prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific data on 1,4-dimethylbenzene prices within the United States and Canada can also be provided.

Middle East and Africa 1,4-Dimethylbenzene Price

The report explores the 1,4-dimethylbenzene 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 1,4-dimethylbenzene prices for countries can also be provided.

Asia Pacific 1,4-Dimethylbenzene Price

The 1,4-dimethylbenzene pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This analysis can be further extended to include detailed 1,4-dimethylbenzene prices for a comprehensive list of countries within the region.

Latin America 1,4-Dimethylbenzene Price

The analysis of 1,4-dimethylbenzene 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 1,4-dimethylbenzene 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 1,4-dimethylbenzene price volatility, 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, ensuring they remain at the forefront of the 1,4-dimethylbenzene industry.