Sodium Methyl Paraben Price Trend

Sodium Methyl Paraben Prices December 2023

The price of sodium methyl paraben in the United States for Q4 2023 reached 6715 USD/MT in December. The market in the United States witnessed a price reduction due to excess inventory among suppliers, highlighting challenges in effectively managing stock.

The price of sodium methyl paraben in the United States for Q4 2023 reached 6005 USD/MT in December. The market in China witness an oversupply of local goods and sluggish trade orders, leading to a gradual decline in prices. Demand from downstream industries remained low to moderate, and suppliers maintained sufficient inventory to meet overall off-take requirements. China, as a significant market player, experienced a price decrease and a moderate demand outlook from downstream industries.

The price of sodium methyl paraben in Germany for Q4 2023 reached 6795 USD/MT in December. The market in Germany experienced the most substantial price changes with its market remaining constraint, featuring moderate supply and demand.

Sodium Methyl Paraben Price Trend, Market Analysis, and News

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

The report examines the elements influencing sodium methyl paraben 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.

Sodium Methyl Paraben Market Analysis

The global sodium methyl paraben market size reached 80 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 106.2 Thousand Tonnes, at a projected CAGR of 3.20% during 2023-2032.

• The increasing demand for sodium methyl paraben against a wide range of microorganisms such as fungi and bacteria represents one of the key factors influencing the growth of the market across the globe. This further makes it an essential ingredient in the formulation of pharmaceuticals, cosmetics, and food products to extend shelf life and ensure safety which is further driving the demand for sodium methyl paraben.
• The expanding cosmetic industry, especially in developing economies, is boosting the demand for preservatives such as sodium methyl paraben. The ability of sodium methylparaben to prevent microbial growth helps maintain the quality and safety of skincare and beauty products. According to an article published by McKinsey & Company, in 2022 call mom the beauty market defined as skincare, fragrance, makeup, and hair care generated approximately dollar four 30 billion in revenue. Today, beauty is on an upward trajectory across all categories. Moreover, beauty is expected to be characterized by “premiumization” " with the premium beauty tier projected to grow at an annual rate of 8% (compared with 5% in mass beauty) between 2022 and 2027, as consumers trade up and increase their spending, especially in fragrance and makeup.
• The growing demand for products with longer shelf life, especially in the food and cosmetic sectors is acting as a major growth-inducing factor in the market. According to the Times of India, increased urbanization in India has propelled the growth of the country’s food processing industry with its domestic processing capacity reaching 20 million metric tons since 2014, following efforts by the government to modernize the agro-industry ecosystem, presenting increasing opportunities to foreign investors and startups. Furthermore, production-linked incentive scheme for India’s food processing sector has been in operation since the fiscal year FY2021-22 up to FY2026-27, approved by the union cabinet on 31st March 2021 with the budget provision of rupees 10,900 crores.
• The rising demand for effective preservatives to ensure product safety for topical and oral medication in the pharmaceutical industry is supporting the use of sodium methyl paraben, nearby facilitating the growth of the market across the globe.

Sodium Methyl Paraben News

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

Latest developments in the sodium methyl paraben industry:

• In March 2024, homegrown renewable energy company ACME finalized a long-term agreement with the Norwegian firm Yara, which specializes in crop nutrition and is a global leader in ammonia trade and shipping. This agreement is the culmination of 18 months of negotiations and will see ACME supplying Yarra with 1,00,000 tons per annum of renewable ammonia.
• In March 2022, Sharon Laboratories, Ltd., a leading global innovator and manufacturer of preservative solutions for the cosmetics and personal care market, announced that it has signed a definitive agreement to acquire specialty ingredient producer RES Pharma Industrial based in Trezzo sull’Adda, Italy (RPI). The acquisition of RPI, whose technology and research and development (R&D), manufacturing and commercial development, and customer service capabilities will be integrated into the personal care business of Sharon laboratory.

Product Description

Sodium methyl paraben or sodium methyl P-hydroxybenzoate refers to a sodium salt form of methylparaben, an extensively employed preservative in the cosmetic, pharmaceutical, and food industries. This compound is valued for its antimicrobial properties, primarily against bacteria and fungi, which help extend the shelf life of different products.

Sodium methyl paraben is incorporated to prevent the growth of microbes in cosmetics and personal care products such as lotions, creams, and shampoos, ensuring they remain safe and effective for use over extended periods.

It also solves a similar rule in the pharmaceutical sector by preserving the sterility and efficacy of medications.

Sodium methyl parabens is used in some food products as a preservative to prevent spoilage and maintain quality.

The effectiveness and solubility of sodium methyl parabens in water make it a popular choice for many formulations requiring preservation.

Regional Coverage

The report provides a detailed analysis of the sodium methyl paraben 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 sodium methyl paraben price trend.

Global Sodium Methyl Paraben Price

The report offers a holistic view of the global sodium methyl paraben pricing trends in the form of sodium methyl paraben 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 sodium methyl paraben 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 sodium methyl paraben 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 Sodium Methyl Paraben Price

During the fourth quarter of 2023, the sodium methyl paraben market in the European region encountered various challenges that had an impact on pricing. Initially, as October commenced, there was a significant decrease in the demand for sodium methyl paraben throughout the region, resulting in an excess of inventory. The prevailing expectation was based on the anticipation of an uptick in inquiries from the downstream sector prompting proactive accumulation of excipients. However, as December approached, the market took an unforeseen turn, compelling margins to adjust their inventory levels in response to the evolving situation.

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

North America Sodium Methyl Paraben Price

During the fourth quarter of 2023, please sodium methyl paraben market in the North American region witnessed significant fluctuations influenced by various factors that affected both market dynamics and pricing. At the onset of October, a notable rising demand from the downstream sector, driven by diverse industries, resulted in the tightening of supply and subsequent price increases. Throughout December, methanol prices persistently dropped due to continuously decreasing demand. Given methanol's critical role as a raw material for sodium methyl paraben production, its reduced prices intensified the broader downward trend in sodium methyl paraben prices.

Specific sodium methyl paraben historical data within the United States and Canada can also be provided.

Middle East and Africa Sodium Methyl Paraben Price

The report explores the sodium methyl paraben 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 sodium methyl paraben prices for countries can also be provided.

Asia Pacific Sodium Methyl Paraben Price

During the fourth quarter of 2023, the sodium methyl paraben market in the Asia Pacific region encountered notable challenges, characterized by significant price fluctuations. Initially, in the fourth quarter, prices rose due to increased demand from end users. Simultaneously, a decrease in production capacity among methanol manufacturers resulted in constrained supplies and limited inventory. The market saw a rise in demand from end users, driven by the “golden September” and “silver October” seasons.

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

Latin America Sodium Methyl Paraben Price

The analysis of sodium methyl paraben 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 sodium methyl paraben 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 sodium methyl paraben 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 sodium methyl paraben price charts ensure our clients remain at the forefront of the industry.