2-Ethylhexanoic Price In USA
- United States: 2624 USD/MT
The 2-Ethylhexanol market in the USA faced significant challenges in the fourth quarter of 2023, leading to price fluctuations. These price reductions were primarily due to decreased demand from the downstream PVC sector.
The latest report by IMARC, titled "2-Ethylhexanoic Acid Pricing ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐: ๐๐ซ๐ข๐๐ ๐๐ซ๐๐ง๐, ๐๐ก๐๐ซ๐ญ, ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐๐ฐ๐ฌ, ๐๐๐ฆ๐๐ง๐, ๐๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐๐๐ฅ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐ญ๐," delivers a comprehensive analysis of 2-ethylhexanoic acid 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.
2-Ethylhexanoic Acid Prices December 2023:
- United States: 2624 USD/MT
- Japan: 1314 USD/MT
- Belgium: 2502 USD/MT
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The study delves into the factors affecting 2-ethylhexanoic acid 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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2-Ethylhexanoic Acid Price Trend- Q4 2023
The market growth of 2-Ethylhexanoic Acid (2-EHA) is primarily driven by its wide-ranging applications across various industries, including chemicals, lubricants, and coatings. As a versatile organic compound, 2-EHA serves as a critical raw material in the production of synthetic lubricants, where it enhances the performance and efficiency of machinery by improving corrosion resistance and thermal stability. The automotive sector significantly contributes to the demand for 2-EHA, using it in the formulation of metal salts which function as additives in lubricants and greases. The shift towards high-performance lubricants in the automotive industry, driven by stringent environmental regulations and the increasing complexity of mechanical systems, further propels the need for 2-EHA. Additionally, 2-EHA is utilized in the production of plasticizers and PVC stabilizers, compounds essential for enhancing the flexibility, durability, and longevity of plastic products. The steady growth in the plastics industry, particularly in emerging markets, is expected to continue supporting the demand for 2-EHA. In the realm of coatings, 2-EHA-based esters are employed in paint formulations to improve gloss, color retention, and drying properties, with rising construction and manufacturing activities globally bolstering market growth. Technological advancements in production processes and formulations are also aiding in reducing costs and enhancing the environmental profile of 2-EHA, aligning with the global trend towards sustainability and regulatory compliance in chemical manufacturing.
2-Ethylhexanoic Market Analysis
The global 2-ethylhexanoic acid market size reached US$ 674.2 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1049 Million, at a projected CAGR of 5.00% during 2023-2032. In the last quarter of 2023, the global market for 2-Ethylhexanoic Acid (2-EHA) experienced a variety of dynamics across different regions, primarily influenced by fluctuations in raw material costs, varying demand across key industrial sectors, and geopolitical tensions. In North America, the price of 2-EHA saw a notable increase driven by the surging demand from the automotive and construction industries, compounded by a rise in raw material prices. The automotive sector, in particular, displayed robust growth as evidenced by the significant uptick in new car registrations, which spurred demand for 2-EHA used in the manufacture of various automotive components. Additionally, a strategic price increase announced by OQ Chemical further pushed prices upward. This scenario was mirrored in the European market, where an initial downturn due to a slump in electric vehicle sales was quickly reversed following a price hike by major producers, aligning with an overall increase in raw material costs. The supply scenario was further complicated by geopolitical tensions in the Red Sea region and uncertainties surrounding OPEC+ supply cuts, which instilled a sense of unpredictability in the market, affecting global supply chains and cost structures.
In contrast, the Asia-Pacific and South American markets exhibited unique challenges and drivers. In APAC, particularly in Japan, market conditions were affected by the shutdown of a key upstream propylene plant, leading to moderate supply levels that could not fully meet the regional demand, causing fluctuations in 2-EHA prices. However, inventory build-up in anticipation of prolonged supply chain disruptions helped stabilize prices to some extent. Meanwhile, in South America, especially in Brazil, the market sentiments remained bullish despite the automotive sector facing challenges with low sales. The global upward trend in 2-EHA prices, led by major producers like OQ Chemical, influenced the Brazilian market, prompting local traders to adjust their prices upwards. Additionally, the rerouting of shipping routes due to security concerns in the Red Sea escalated shipping costs, affecting the import costs and thereby pushing the regional prices of 2-EHA higher. These factors combined to create a complex tapestry of influences, each uniquely shaping the market trajectory of 2-EHA in their respective regions, reflecting the interconnected nature of global industrial markets and the multifaceted influences that drive commodity prices.
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Key Points Covered in the 2-Ethylhexanoic Acid Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- 2-Ethylhexanoic Acid Price Trend
- 2-Ethylhexanoic Acid Prices
- 2-Ethylhexanoic Acid Demand & Supply
- 2-Ethylhexanoic Acid Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- 2-Ethylhexanoic Acid Price Analysis
- 2-Ethylhexanoic Acid Industry Drivers, Restraints, and Opportunities
- 2-Ethylhexanoic Acid News and Recent developments
- Global Event Analysis
- List of Key Players
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
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐ซ๐ข๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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