Diphenhydramine Hydrochloride Prices

Diphenhydramine Hydrochloride Prices December 2023

The diphenhydramine hydrochloride prices in China for Q4 2023, reached 17060 USD/MT in December. During Q4 2023, China’s diphenhydramine hydrochloride market faced mixed conditions. While the pharmaceutical sector's demand initially boosted prices, manufacturing slowed, and exports decreased due to weak global demand. This combination of factors led to cautious market sentiment, with economic uncertainties continuing to challenge the stability and growth prospects in the market.

Diphenhydramine Hydrochloride Price Trend, Market Analysis, and News

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

The report examines the elements influencing diphenhydramine hydrochloride 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.

Diphenhydramine Hydrochloride Market Analysis

The global diphenhydramine hydrochloride market size reached 60 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 80.4 Thousand Tons, at a projected CAGR of 3.30% during 2023-2032.

• The growing utilization of diphenhydramine hydrochloride in the pharmaceutical industry as an antihistamine for relieving symptoms of allergic reactions, such as itching, swelling, and rashes, is positively influencing the market. According to the data from the National Health Interview Survey, food allergy, eczema, or seasonal allergies affected 31.8% of individuals in 2021. Seasonal allergies affected almost 25% of individuals, eczema affected 7.3%, and food allergies affected 6.2% of adults. The likelihood of seasonal allergy was higher in women (29.9%) than in males (21.1%).
• Diphenhydramine hydrochloride also works well as an ingredient in over-the-counter (OTC) cough and cold remedies, easing symptoms like congestion, runny nose, and sneezing. The OTC medicine industry worldwide was valued at US$ 168.7 billion in 2023. With a CAGR of 5.5% from 2024 to 2032, the IMARC Group projects that the market will reach US$ 275.9 billion in 2032.
• Diphenhydramine hydrochloride is frequently employed in sleep aid medications owing to its soothing properties, which can benefit those who have insomnia or other sleep disorders. As per the Mental Health of Children and Young People Surveys 2022, 34.0% of children between the age of 7 and 16 years reported sleep issues three or more times in the preceding seven nights. Almost twice as many young people (17–23 years old) as youngsters (7–16 years old) experienced sleep problems three or more times in the preceding seven nights (64.0%). In comparison to young males (52.3%), this percentage was higher for young women (76.7%).
• Many older people suffer from allergies and sleep disturbances that need safe and efficient medicine. Diphenhydramine is more in demand among this group of people owing to its sedative and antihistaminic qualities, which make it especially helpful in treating these illnesses. The demand for drugs with minimal side effects and high efficacy among the geriatric population is encouraging the usage of diphenhydramine hydrochloride. On the basis of the report provided by the World Health Organization (WHO) in 2022, 1 in 6 individuals worldwide will be 60 years of age or older by 2030. The number of individuals 60 years of age and over will double (2.1 billion) worldwide by 2050. Between 2020 and 2050, there will be three times as many people 80 years of age or older, which is around 426 million people.

Diphenhydramine Hydrochloride News

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

Product Description

Diphenhydramine hydrochloride is an antihistamine that is used to treat allergies and the common cold. It is synthesized chemically through a process that involves the reaction of diphenhydramine with hydrochloric acid to form the hydrochloride salt. It is available in numerous forms, such as chewable pills, liquid gels, liquid medication, and tablets. It is rapidly absorbed when taken orally, reaching optimum effectiveness in about an hour. It works by lowering the allergic symptoms, such as sneezing, itching, and watery eyes, by blocking the effects of histamine in the body. It is also used to treat and prevent motion sickness-related nausea, vomiting, and dizziness. Diphenhydramine and zinc acetate are frequently combined and applied topically to reduce itching associated with bug bites, burns, scrapes, mild skin irritations, and rashes from poison ivy, poison oak, and sumac.

Regional Coverage

The report provides a detailed analysis of the diphenhydramine hydrochloride 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 diphenhydramine hydrochloride price trend.

Global Diphenhydramine Hydrochloride Price

The report offers a holistic view of the global diphenhydramine hydrochloride pricing trends in the form of diphenhydramine hydrochloride 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 diphenhydramine hydrochloride historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into diphenhydramine hydrochloride 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 diphenhydramine hydrochloride 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 Diphenhydramine Hydrochloride Price

During Q4 2023, various economic factors impacted the European Diphenhydramine Hydrochloride market. In Germany, prices dropped in October because of poor consumer confidence, elevated interest prices, and an excess of goods in the market. This decrease was also influenced by decreasing inflation, caused by cheaper fuel and bold interest rate increases, resulting in lower business costs and demand. Nevertheless, prices began to creep up again in November because of heightened orders from the healthcare and pharma industries, as well as greater consumer expenditure and lower inventory levels. The reduction in Chinese exports to the EU also played a role in alleviating supply constraints in Germany, which contributed to the increase in prices. However, prices dropped again in December due to a decrease in demand from important sectors, along with high-interest rates and inflationary pressures, resulting in decreased spending and investment.

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

North America Diphenhydramine Hydrochloride Price

During Q4 2023, the North American Diphenhydramine Hydrochloride market saw significant fluctuations. A decrease in prices was noticed in October, mostly due to low domestic demand and high levels of inventory in the U.S. The strong U.S. dollar also led to cheaper imports, leading to an excess supply in the market. However, by November, prices rebounded due to a rise in consumer expenditure level and improved market confidence, in spite of continued high interest rates. The reduction in inflation and reduced fuel expenses also contributed to increasing demand. Although there were positive improvements, December still experienced another decrease in prices because of diminished orders from downstream industries and an oversupply. The relationship among inflation, interest rates, and consumer behavior led to a complicated market situation in the United States during the fourth quarter.

Specific diphenhydramine hydrochloride historical data within the United States and Canada can also be provided.

Middle East and Africa Diphenhydramine Hydrochloride Price

The report explores the diphenhydramine hydrochloride 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 diphenhydramine hydrochloride prices for countries can also be provided.

Asia Pacific Diphenhydramine Hydrochloride Price

The market in the Asia Pacific region showed a combination of positive and negative trends in the final quarter of 2023. Major factors that had an impact were a rise in requests from the healthcare and pharmaceutical sectors due to seasonal patterns and a growth in fresh orders. This rise in demand caused prices to increase in nations such as China. Nevertheless, the market's expansion was dampened by obstacles like a decrease in China's industrial output in October and lower export quantities as a result of soft international demand. In spite of these challenges, the market sentiment improved compared to the last quarter, driven by enhancements in logistics, supply-demand equilibrium, and buying behaviors. Although these mixed trends continued, the market in the region eventually leveled off, demonstrating both growth possibilities and continued obstacles in the worldwide economy.

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

Latin America Diphenhydramine Hydrochloride Price

The analysis of diphenhydramine hydrochloride 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 diphenhydramine hydrochloride 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 diphenhydramine hydrochloride 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 diphenhydramine hydrochloride price charts ensure our clients remain at the forefront of the industry.