Product
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Category | Region | Price |
---|---|---|---|
Phthalic Anhydride | Petrochemicals | USA | 1330 USD/MT |
Phthalic Anhydride | Petrochemicals | China | 1050 USD/MT |
Phthalic Anhydride | Petrochemicals | Europe | 1390 USD/MT |
Phthalic Anhydride | Petrochemicals | Middle East | 1470 USD/MT |
The price of phthalic anhydride in the USA for Q4 2023 reached 1330 USD/MT in December. The market fundamentals reached their lowest point caused by rising storage facility stocks and lack of demand from downstream industries. Trade between the USA and Canada was noticeably constrained despite the lower trend in upstream Naphthalene costs, which affected the pricing dynamics of phthalic anhydride.
The imbalance between supply and demand caused phthalic anhydride prices to show a bearish trend in the Asia Pacific region. Upstream, naphthalene prices were steady while those of o-xylene were weak. A weak demand from downstream endeavors led to surplus inventory, eliminating the necessity for replenishment. Prices for phthalic anhydride in China reached 1050 USD/MT in December.
In Europe, phthalic anhydride prices reached 1390 USD/MT in Q4 of 2023. The market is characterized by high supply and low demand for phthalic anhydride. The price of phthalic anhydride saw a little decline in December 2023 due to a drop in the cost of its raw ingredients, ortho-xylene and naphthalene. This reduction in production costs led to a slight dip in Phthalic Anhydride prices overall.
The Q4 2023 phthalic anhydride price was 1470 USD/MT in the Middle East.
IMARC’s newly published report, titled “Phthalic anhydride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of phthalic anhydride 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 phthalic anhydride at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of phthalic anhydride price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing phthalic anhydride 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.
The global phthalic anhydride market size reached US$ 4.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 6.9 Billion, at a projected CAGR of 5.20% during 2023-2032.
The report covers the latest developments, updates, and trends impacting the global phthalic anhydride 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 phthalic anhydride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the phthalic anhydride price trend.
Latest developments in the phthalic anhydride industry:
Phthalic anhydride is a colorless to white, glossy solid chemical compound that has a faint, distinguishing smell. It is produced predominantly through the oxidation of ortho-xylene or naphthalene in the presence of a vanadium pentoxide catalyst. It plays a key role in the production of plasticizers like dioctyl phthalate, which are necessary for making flexible polyvinyl chloride (PVC) that is used in automobiles and construction. It is essential for the creation of alkyd resins, which are used in paints and varnishes to improve the longevity and visual appeal of products. It also finds application in the production of certain agrochemicals and polyester resins. In addition, phthalic anhydride serves as an intermediary in the production of pigments and dyes. It is employed in the synthesis of anthraquinone, a precursor to a number of colors used in inks and fabrics.
The report provides a detailed analysis of the phthalic anhydride 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 phthalic anhydride price trend.
The report offers a holistic view of the global phthalic anhydride pricing trends in the form of phthalic anhydride 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 current price of phthalic anhydride but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into 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 phthalic anhydride 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.
In Q4 2023, the European Phthalic Anhydride market exhibited a bearish trend, with adequate inventory levels meeting domestic demand. Price trends were hindered by low product demand and sluggish purchasing activity in October despite higher naphthalene costs. Reduced downstream Plasticizer demand prompted producers to lower production rates, preventing oversupply. Phthalic anhydride prices decreased in November along with the naphthalene market, which reduced operational expenses.
This analysis can be extended to include detailed phthalic anhydride price information for a comprehensive list of countries.
Region | Countries Covered |
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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, among other European countries. |
The North American phthalic anhydride market saw a negative trend in Q42023, with low prices in October as a result of excess supply and insufficient demand. Amidst excess inventory and decreased sales from users, manufacturers found it difficult to increase prices. November saw the maintenance of sufficient supply levels as key industrial facilities replenished their stocks to satisfy the demands of the downstream industry.
Specific phthalic anhydride historical data within the United States and Canada can also be provided.
Region | Countries Covered |
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North America | United States and Canada |
The report explores the phthalic anhydride 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 phthalic anhydride prices for countries can also be provided.
Region | Countries Covered |
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Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
The phthalic anhydride market in the Asia Pacific region saw a downward trend in Q4 2023. Suppliers offered discounts to clear stock during Golden Week despite higher trade prices to fulfill downstream agrochemical demand. This was due to large stocks. Price declines for o-xylene reinforced the pattern. Producers slowed output due to excess storage supplies and weak demand from downstream plasticizers, which resulted in a drop in price in November 2023.
This phthalic anhydride price analysis can be expanded to include a comprehensive list of countries within the region.
Region | Countries Covered |
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Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
The analysis of phthalic anhydride 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.
Region | Countries Covered |
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Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Key Attributes | Details |
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Product Name | Phthalic Anhydride |
Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Phthalic anhydride Price Analysis, and Segment-Wise Assessment. |
Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: 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* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
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Customization Scope | The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
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Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |