N-Propyl Acetate Price in USA
- United States: 1,857 USD/MT
The price of n-propyl acetate in the USA for Q4 2023 reached 1,857 USD/MT.
The latest report by IMARC Group, titled "N-Propyl Acetate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of N-Propyl Acetate prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
N-Propyl Acetate Prices Analysis:
- China: 1,110 USD/MT
- Germany: 1,599 USD/MT
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The study delves into the factors affecting N-Propyl Acetate 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.
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N-Propyl Acetate Price Trend- Last Quarter
N-propyl acetate is an organic molecule that is frequently utilized as a solvent in the production of adhesives, coatings, and inks because of its good evaporation rate and resin compatibility. It's a clear liquid with a fruity smell that's frequently used to make paints, varnishes, and personal hygiene products. Growing demand from the construction and automotive industries, where it's utilized in sealants and coatings, is propelling the global N-propyl acetate market. The market expansion of low-VOC (Volatile Organic Compounds) solvents is also supported by growing environmental restrictions. Furthermore, the need for printing inks containing N-propyl acetate is increasing due to the growth of the packaging sector, especially in emerging economies. The industry is seeing trends such as a move toward bio-based N-propyl acetate and improvements in production technology to boost sustainability and efficiency. As enterprises look for greener alternatives to conventional solvents, the market is expected to develop even more due to the increasing emphasis on eco-friendly products.
N-Propyl Acetate Industry Analysis
In Q4 2023, North America's N-propyl acetate market remained stable with moderate supply and sufficient inventory levels to meet downstream demand, particularly in the fragrance industry. Key factors affecting the market include increased destocking activity, high inventory levels, and reduced demand from domestic and overseas industries due to year-end conditions. Despite this, demand from the food and other sectors remained strong. Prices rose due to higher Acetic Acid costs but are expected to decline with continued destocking and anticipated Acetic Acid price drops.
In Q4 2023, the N-propyl acetate market in the APAC region experienced fluctuations due to heavy destocking, leading to price declines. Moderate supply from stable plant operations and sufficient inventories added pressure on prices. Demand from downstream industries remained low to moderate, with the Purchasing Managers' Index indicating a contraction in manufacturing. In China, the market was bearish with stable supply meeting ample inventories, while demand from the Flavors industry remained firm. Prices in China decreased from the previous quarter, with no plant shutdowns reported.
The European N-propyl acetate market saw a decrease in price in the fourth quarter of 2023 as a result of the downstream sectors' poor demand, particularly for flavor and fragrance additives. Price pressure was compounded by high inventory levels, significant destocking, and the manufacturing sector's downturn as measured by the Purchasing Managers' Index (PMI). Though no substantial plant shutdowns were announced, prices stayed steady throughout the first and second halves of the quarter, with Germany experiencing the largest price decreases both year over year and compared to the previous quarter.
Regional Price Analysis:
- 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
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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