Ethylenediamine Prices

Ethylenediamine Prices December 2023

The ethylenediamine prices in the India for Q4 2023 reached 145510 INR/MT in December. In India, the market saw price reductions in the fourth quarter of 2023, driven by lower import costs and increased inventory levels. Intense competition from Chinese manufacturers, who offered substantial discounts, forced Indian manufacturers to reduce prices and operate at lower capacities. This aggressive market strategy led to a bearish outlook, impacting overall profitability and market stability.

Ethylenediamine Price Trend, Market Analysis, and News

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

The report examines the elements influencing ethylenediamine 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.

Ethylenediamine Market Analysis

The global ethylenediamine market size reached US$ 2.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 4.1 Billion, at a projected CAGR of 6.50% during 2023-2032.

• The expanding resin and adhesive sectors represent one of the key factors influencing the growth of the market across the globe. The extensive use of epoxy resins and adhesives in construction, electronics, and automotive sectors is driving the market growth as EPA is a critical component in the production of epoxy resins and adhesives. For instance, in May 2022, Archema a major player in the composite sector announced to launch of new adhesives solutions and advanced resins and showed its range of semi-finished products. All innovations and product ranges are guided by the same goal including innovative materials for a sustainable world.
• For instance, in December 2022, Arkema announced the doubling of its polyester resins capacity in its Navi Mumbai facility in India, reinforcing the Group’s leadership position in the global powder coatings market and its commitment to developing very low VOC technologies. This is further driving the growth of the market.
• The rising demand for EDA To manufacture chelating agents like ethylenediaminetetraacetic (EDTA), which are crucial in agricultural applications for nutrient delivery and metal ion control are contributing to the growth of the market. The increasing agricultural output to meet food demand is driving the need for these chemicals. According to the US Department of Agriculture, agriculture, food, and related industries contributed roughly $1.420 trillion to US gross domestic product (GDP) in 2022, a 5.5% share. The output of America's farms contributed $223.5 billion of this sum about 0.9% of the US GDP.
• The expanding pharmaceutical industry, along with the use of EDA in the synthesis of various pharmaceuticals such as antihistamines and a range of other drugs is propelling the market growth. This expansion in the industry is driven by ongoing research and an aging population which is acting as a key factor driving the demand for EDA. For instance, in March 2024, Pfizer Inc. announced that a phase three study of the antibody-drug conjugate ADCETRIS (brentuximab vedotin) In combination with lenalidomide and rituximab for the treatment of patients with relapsed/refractory diffuse large B-cell lymphoma (DLBCL) showed a statistically significant and clinically meaningful improvement in overall survival (OS) compared to lenalidomide and rituximab plus placebo.

Ethylenediamine News

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

Latest developments in the ethylenediamine industry:

• In May 2022, UPL Ltd. announced that UPL Group acquired OptiCHOS, a naturally derive fungicide for its Natural Plant Protection (NPP) business unit. The NPP portfolio houses natural and biologically derived agricultural inputs and technologies.
• In May 2023, Dow and New Energy Blue announced a long-term supply agreement in North America in which New Energy Blue will create bio-based ethylene from renewable agricultural residues. Dow expects to purchase this bio-based ethylene, reducing carbon emissions from plastic production, and using it in recyclable applications across transportation, footwear, and packaging.

Product Description

Ethylenediamine or EDA refers to an organic compound characterized by the formula C2H8N2.

EDA appears as a coreless liquid with an ammonia-like odor and is soluble in water and organic solvents.

Ethylenediamine is majorly employed as a building block in the production of different chemicals. One of its primary applications is in the synthesis of chelating agents such as ethylenediaminetetraacetic acid (EDTA), which is highly used to sequester metal ions in different industries such as pharmaceuticals, food processing, and agriculture.

EDA is a key ingredient in the manufacture of polyamide resins, fuel additives, and various pharmaceuticals where it acts as an intermediate. Moreover, it also serves as a curing agent for epoxy resins, employed in coatings, adhesives, and molding compounds.

Regional Coverage

The report provides a detailed analysis of the ethylenediamine 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 ethylenediamine price trend.

Global Ethylenediamine Price

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

The report also delves into ethylenediamine 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 ethylenediamine 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 Ethylenediamine Price

During the fourth quarter of 2023, the European ethylenediamine (EDA) industry rebounded, primarily influenced by rising freight costs and supply constraints. Participants in the market were wary owing to uncertainty regarding the production prices amidst increasing crude oil prices and potential shortages. Supply reductions in the Eurozone were offset by steady demand from downstream industries. Inflation rates within the Euro area and Germany showed a decline, affecting market dynamics. Additionally, the unpredictable market environment led some ethylene producers plan the wind up of their manufacturing facilities, contributing to supply tightness. As a consequence, prices rose amid strengthened demand fundamentals and reduced production rates, reflecting a cautious stance among market players during this period.

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

North America Ethylenediamine Price

In the fourth quarter of 2023, the ethylenediamine (EDA) market in the market experienced a noticeable decline, aligning with trends in overseas markets. This downturn was driven by weak demand from downstream industries and an abundant supply of ethylene derived from natural gas resources. Additionally, spot export rates for EDA fell sharply, prompting US buyers to negotiate lower contract rates as a reaction to this decline. Complications with the Panama Canal further disrupted regional market operations, affecting shipping routes and exacerbating supply issues. By November, EDA prices in the United States were pressured by low local demand and high inventory levels, reflecting a bearish market sentiment and a cautious approach from market participants.

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

Middle East and Africa Ethylenediamine Price

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

Asia Pacific Ethylenediamine Price

The ethylenediamine (EDA) industry in the Asia-Pacific region during the fourth quarter of 2023 faced a challenging environment. The supply remained moderate to high, backed by a large capacity for trucks and ocean containers, but demand was relatively subdued, particularly outside the tractor market, which saw a reduction in sales. In India, prices decreased due to lower import costs from various Asian nations, driven by high inventory levels as well as reduced demand across various sectors. The Indian market saw stiff competition from Chinese suppliers, who engaged in aggressive pricing strategies, leading local producers to sell at discounts and operate below full capacity. Overall, the region saw a bearish trend with average supply and tepid demand affecting market stability.

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

Latin America Ethylenediamine Price

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