Adipic Acid Prices

Adipic Acid Prices June 2024

The adipic acid prices in the United States for Q2 2024 reached 2660 USD/MT in June. The region experienced minor quarter-over-quarter growth while remaining largely steady through the quarter. In addition to this, modest demand and conservative inventory strategies helped maintain price consistency, reflecting a balanced and cautious market atmosphere.

The price trend for adipic acid in Japan for Q2 2024 settled at 1435 USD/MT in June. The market in Japan stayed stable in this quarter, with a slight quarterly increase and a minor yearly decline. Along with this, the product demand remained modest, and prices held firm throughout the quarter, indicating a well-balanced market environment.

In Germany, the adipic acid prices for Q2 2024 reached 3110 USD/MT in June. The market faced a decline due to high inventories and limited demand. This was majorly influenced by ongoing geopolitical uncertainties. Along with this, this trend was marked by a drop in prices, particularly noticeable in the latter half of the quarter.

In Brazil, the adipic acid prices for Q2 2024 reached 2460 USD/MT in June. The market experienced a continued price drop for adipic acid in this quarter due to reduced demand and elevated freight costs. In addition to this, the constant downward trend reflected limited purchasing activity and a generally cautious market sentiment across the region.

Adipic Acid Prices December 2023

The adipic acid prices in the United States for Q4 2023 reached 2485 USD/MT (Lab Grade) in December. The market saw mild growth in this quarter amid cautious buying due to high interest rates. Moreover, stable inventories and competitive pricing helped maintain market balance, despite rising operating costs from higher oil prices. Additionally, the abundant level of supply ensured price stability, with no notable plant shutdowns impacting the market dynamics.

The price trend for adipic acid in South Korea for Q4 2023, reached 1386 USD/MT in December. The market experienced the most noticeable price changes in the Asia Pacific region. It showed stability with moderate supply and low demand. However, reduced domestic demand and end-of-year sales promotions suggested potential destocking, contributing to the overall trend of declining prices.

The price trend for adipic acid in Netherlands for Q4 2023, reached 3429 USD/MT in December. It was marked by stable seasonality and moderate price fluctuations. While the demand remained low, the ample supply kept prices from escalating sharply. Moreover, the weak connection between the demand and price highlighted the influence of other external market factors over the period.

Regional Coverage

The report provides a detailed analysis of the adipic 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 adipic acid price trend.

Global Adipic Acid Price

The report offers a holistic view of the global adipic acid pricing trends in the form of adipic 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 the current price but also provides insights into adipic acid historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into adipic acid 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 adipic 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 Adipic Acid Price

Q2 2024:

In Europe, Q2 2024 saw a continued price decline for adipic acid, impacted by reduced product consumption owing to the elevated interest rates and increasing geopolitical concerns. This encouraged a conservative approach from businesses and consumers alike. Moreover, the increased stockpile levels at regional ports, added further pressure to the market. In addition to this, Germany saw the most notable rate shifts, with a quarterly decline that aligned with the declining trend, which further accelerated in the second half of this quarter. This period highlighted the challenging environment with persistently decreasing prices.

Q4 2023:

In Europe, the adipic acid market remained stable in Q4 2023. This was characterized by moderate supply levels and subdued demand. Moreover, the market’s sluggish performance was influenced by ample supply, prompting a conservative procurement approach from downstream industries, which purchased only as needed. In the Netherlands, price movements showed moderate fluctuations, influenced more by external factors than direct supply-demand dynamics. Despite a decline in year-over-year (YoY) prices and some increase from the previous quarter, the market overall exhibited steady trends with minor variations. The continued abundance of supply in the market prevented any substantial price increases, maintaining a balanced trading environment.

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

North America Adipic Acid Price

Q2 2024:

In the second quarter of 2024, adipic acid prices across the North American region showed stability, signaling a poised market supported by ample supply and modest product demand. Moreover, sufficient inventory levels reduced the buying urgency, while subdued consumption in key industries, like electronics and textiles, helped maintain price stability. This cautious industry sentiment was reflected in restrained stockpile practices, especially as manufacturers took a conservative approach. The USA showed the maximum activity within the region, with a slight hike in price from the previous quarter, highlighting a minor upward movement without major interruptions throughout the period.

Q4 2023:

In Q4 of 2023, the North American adipic acid market showed slight growth despite reduced demand and cautious buying behavior due to high interest rates. Traders maintained steady inventories and offered competitive prices, which stabilized the market. Moreover, the raw material benzene remained weak, resulting in slower cost increases. Although operating expenses rose because of higher oil prices, the ample supply of adipic acid prevented significant price hikes. Additionally, no major plant shutdowns occurred, maintaining a steady flow of products. This abundance in supply coupled with moderate demand kept the market in a balanced state throughout the quarter, supporting price stability.

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

Middle East and Africa Adipic Acid Price

The report explores the adipic 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 adipic acid prices for countries can also be provided.

Asia Pacific Adipic Acid Price

Q2 2024:

The adipic acid market in the Asia Pacific displayed stability in Q2 2024, largely due to an equilibrium between supply and demand. The region’s weak demand in sectors such as automotive and textiles, combined with an oversupply, minimized price movement. Along with this, merchants remained cautious, resulting in restrained procurement activities. Besides this, Japan showcased the highest price variations in the Asia Pacific region, with a marginal quarterly increase and a minor decline compared to the previous year. Moreover, prices held steady through the quarter’s duration, underscoring the consistent market conditions across the region.

Q4 2023:

During the fourth quarter of 2023, the adipic acid prices in the Asia Pacific region experienced a stable to declining trend. This was largely due to low cost of benzene in China, combined with excess supply and weak demand. The country also saw notable price fluctuations, with moderate supply levels and low demand contributing to a depreciation in prices. The market remained steady, influenced by economic factors, domestic demand shifts, and international pricing trends. Moreover, year-end offers and reduced domestic demand suggested potential destocking of materials. The combination of these elements shaped the market dynamics, maintaining a stable but cautious environment.

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

Latin America Adipic Acid Price

The analysis of adipic 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.

Adipic Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Adipic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of adipic 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 adipic acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of adipic acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing adipic 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.

Adipic Acid Market Analysis

The global adipic acid market size reached US$ 6.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 10.2 Billion, at a projected CAGR of 5.50% during 2023-2032.

• The exponentially increasing demand for nylon is positively driving the demand for adipic acid. This product is highly adopted for the production procedure of nylon, nylon 6,6 in specific. The rising demand for nylon can be attributed to its wide utilization in numerous applications, including apparel, automotive components, and industrial materials. Additionally, a significant rise in the disposable income levels of developing nations has been registered, leading to a considerable rise in the demand for nylon-based products.
• In the present times, increasing environmental concerns, such as climate change and global warming are on a rise. For instance, according to NATIONAL AERONAUTICS AND SPACE ADMINISTRATION (NASA) the average surface temperature in 2023 was the warmest on record, since 1880. In consideration of these concerning statistics, government organizations across the globe are issuing stringent rules and regulations with the aim of minimizing carbon footprints. On account of the aforementioned factor, there is a significant rise in the adoption of eco-friendly alternatives across industries. Furthermore, key players in the industry are extensively investing in research and development (R&D) activities to improve the production efficiency and cost-effectiveness of bio-based adipic acid, in order to meet the government laid rules and regulations.
• The rapid expansion of end-use industries including textiles, automotive, and packaging is a major factor propelling the adipic acid market. For instance, according to the IMARC Group, the global textile market size is expected to grow at a CAGR of 3.8% during 2023-2032. Additionally, continuous advancements in technology and manufacturing procedures are leading to the development of novel products with better performance characteristics, thereby positively driving the adipic acid market outlook. Other than this, with the rapid evolution and diversification of numerous industries, the demand for adipic acid is growing at a considerable rate.

Adipic Acid News

The report covers the latest developments, updates, and trends impacting the global adipic 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 adipic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the adipic acid price trend.

Latest developments in the adipic acid industry:

• In August 2022, Toray Industries Inc., presented its production of the global first 100% bio-based adipic acid, a raw material for nylon 66, from inedible biomass sugars.
• In May 2022, Lanxess and Advent announced the acquisition of Engineering Materials business from DSM for approximately EUR 3.7 billion.

Product Description

Adipic acid is a dicarboxylic acid with the chemical formula C6H10O4. It is a crystalline solid white in color, which is soluble in water and acidic in taste.

Adipic acid is primarily produced with the oxidation of cyclohexane or cyclohexanol, both of which are procured from petroleum. It is also extracted from a renewable source, through the fermentation of glucose, thus providing a more sustainable and eco-friendlier alternative to petroleum-derived adipic acid.

Adipic acid is highly adopted in nylon production acitivties. Other than this, it is also used in the production of numerous other products such as plasticizers, polyurethane resins, and food additives. It usually finds application in the food industry as a flavorant and acidity regulator, especially in beverages and gelatin desserts.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of adipic 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 adipic 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 adipic acid price charts ensure our clients remain at the forefront of the industry.