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Written by Allen » Updated on: June 19th, 2024
In December 2023, dioctyl phthalate prices in South Korea stabilized at $1495/MT. The report covers the latest developments, updates, and trend affecting the global dioctyl phthalate market, offering stakeholders timely and relevant information.
The latest report by IMARC, titled "Dioctyl Phthalate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of dioctyl phthalate prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Dioctyl Phthalate Prices December 2023:
Report Offering:
The study delves into the factors affecting Dioctyl Phthalate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/dioctyl-phthalate-pricing-report/requestsample
Dioctyl Phthalate Price Trend- Q4 2023
The Dioctyl Phthalate (DOP) market, crucial for the production of plasticizers, has experienced varied dynamics across different regions, leading to fluctuations in pricing and demand. In North America, particularly the USA, the DOP market faced a decline in prices during the fourth quarter of 2023, primarily due to a decrease in demand from downstream industries. This downturn was further exacerbated by a slow economic recovery and stagnant conditions in trading within the manufacturing sectors that use DOP.
Moreover, external factors like the Russia-Ukraine conflict and logistical challenges due to a drought affecting the Panama Canal complicated the market situation. These elements combined to create a complex environment for DOP pricing and demand, highlighting the market's sensitivity to both domestic economic conditions and international geopolitical and environmental events.
Dioctyl Phthalate Market Analysis
The global dioctyl phthalate market size reached US$ 1.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.1 Billion, at a projected CAGR of 5.40% during 2023-2032. In December 2023, the Dioctyl Phthalate (DOP) market witnessed a multitude of factors influencing its pricing across different regions. In North America, the market dynamics were largely impacted by a decreased demand from key DOP-consuming industries, coupled with a surplus in supplies. This situation was further influenced by buyers pausing their purchases in anticipation of a price hike spurred by new import tariffs.
Disruptions in shipping due to issues with the Panama Canal, along with a decline in crude oil values, also played significant roles in shaping the market's pricing dynamics. These factors led to discussions among U.S. buyers regarding the potential for DOP price reductions, reflecting the market's volatility and the various external pressures affecting it.
Conversely, in the Asia-Pacific (APAC) region, DOP prices and market dynamics were influenced by different sets of challenges and adjustments. The overall weak demand from significant industries such as construction and automotive led to reduced consumption and downward pressure on prices. Competitive pricing strategies from China and supply chain disruptions, notably the temporary shutdown of SK Geo Centric's feedstock Propylene plant in South Korea, presented further obstacles. These supply chain issues, along with a competitive market landscape, necessitated adjustments by South Korean DOP manufacturers to remain viable.
Meanwhile, Europe's DOP market echoed similar themes of reduced demand, particularly from the plasticizer and construction industries, with sufficient inventory levels contributing to the downward price trajectory. The cumulative impact of these factors across regions highlights the complex interplay of supply-demand dynamics, geopolitical tensions, and logistical challenges influencing Dioctyl Phthalate prices and market behavior.
Browse Full Report: https://www.imarcgroup.com/dioctyl-phthalate-pricing-report
Key Points Covered in the Dioctyl Phthalate Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Regional Price Analysis:
Browse More Pricing Reports by IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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