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Written by Robert Thomas » Updated on: September 13th, 2024
The price of pentaerythritol in the United States for Q4 2023 experienced a bearish trend due to ample inventory and weak demand from various end-use industries. Additionally, low shipping activities, which increased inventory levels, contributed to the downward movement. Consequently, the market price in December settled at 1,910 USD/MT, according to the pentaerythritol price forecast.
The latest report by IMARC, titled " Pentaerythritol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of pentaerythritol 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.
Pentaerythritol Prices December 2023:
Report Offering:
The study delves into the factors affecting pentaerythritol 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/pentaerythritol-pricing-report/requestsample
Pentaerythritol Price Trend- Q4 2023
The global pentaerythritol market is influenced by several key factors that drive its growth and demand across various industries. The expanding construction sector, particularly in emerging economies, has augmented the demand for pentaerythritol. This compound is widely utilized in the production of alkyd resins, which are essential in coatings and paints for construction applications. Additionally, the increasing demand for automobiles globally is fueling the growth of the pentaerythritol market, as it is a vital component in the manufacturing of synthetic lubricants and automotive coatings. Moreover, the rising adoption of eco-friendly and energy-efficient products stimulates the demand for pentaerythritol, as it is used in the production of environmentally sustainable products such as low-VOC coatings and biodegradable explosives.
Pentaerythritol Market Analysis
The global pentaerythritol market size reached US$ 1.7 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.5 Billion, at a projected CAGR of 4.30% during 2023-2032. In the North American region, the price trend for pentaerythritol displayed a bearish pattern during the final quarter of 2023. This decline in price persisted throughout the quarter due to the presence of existing stocks in the market and a reduction in demand from end-user industries. Initially, regional buyers exhibited sluggish demand, largely influenced by a decrease in restocking activities as the winter season approached.
Whereas, the pentaerythritol (PENT) price trend displayed mixed sentiments in the Asian region during the fourth quarter of 2023. Initially, demand decreased from paint swelling agents and plasticizer manufacturers due to winter conditions, resulting in a bearish market situation and moderate supply rates for importers. However, offtakes remained strong in importing nations such as India, leading to price increases in the Indian market. In the middle of the quarter, production rates stayed low in regional producer China, while reduced transactions and offtakes elevated product inventory levels in the regional market.
Furthermore, like the North American region, the price trend for pentaerythritol remained bearish in the European region during the final quarter of 2023, with prices consistently decreasing throughout the quarter. Primarily, demand was sluggish from regional buyers. Simultaneously, reduced costs of upstream methanol decreased the cost support for pentaerythritol. During the mid-quarter, as winter approached and temperatures in the Northern Hemisphere declined, consumption rates decreased in the insecticide industries due to reduced application rates in the horticulture and agriculture sectors. This led to raised product inventory levels in the regional market. However, pentaerythritol (PENT) pricing in the MEA region for Q4 2023 exhibited a bearish trend, with overall prices declining by nearly 22% due to various factors. The reduced demand for PENT in downstream industries, such as paint swelling agents and plasticizer manufacturers, contributed to the price decrease. Additionally, production and supply rates decreased amidst uncertain market conditions in the region, exacerbated by rising tensions between the Palestine and Israel war. This situation, coupled with a decrease in buying activities from end-users, had a negative impact on prices.
Browse Full Report: https://www.imarcgroup.com/pentaerythritol-pricing-report
Key Points Covered in the Pentaerythritol Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Pentaerythritol Prices
Pentaerythritol Price Trend
Pentaerythritol Demand & Supply
Pentaerythritol Market Analysis
Demand Supply Analysis by Type
Demand Supply Analysis by Application
Demand Supply Analysis of Raw Materials
Pentaerythritol Price Analysis
Pentaerythritol Industry Drivers, Restraints, and Opportunities
Pentaerythritol News and Recent developments
Global Event Analysis
List of Key Players
Regional Price Analysis:
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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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