Stearic Acid Price in South Korea
- South Korea: 1322 USD/MT (Rubber Grade)
In the last quarter, the current price of rubber-grade stearic acid in South Korea stood at $1322 per metric ton. The country experienced a notable strengthening of its currency, influencing the pricing dynamics of stearic acid within its borders.
The latest report by IMARC Group, titled "Stearic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of stearic acid price trend. This report delves into the price of stearic acid globally, presenting a detailed analysis, along with informative stearic acid price chart. Through comprehensive stearic acid 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 stearic acid 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.
Stearic Acid Prices December 2023:
- South Korea: 1322 USD/MT (Rubber Grade)
- Netherlands: 1576 USD/MT (Rubber Grade)
Report Offering:
- Monthly Updates: Annual Subscription
- Quarterly Updates: Annual Subscription
- Biannually Updates: Annual Subscription
The study delves into the factors affecting stearic 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.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/stearic-acid-pricing-report/requestsample
Stearic Acid Price Trend- Q4 2023
The stearic acid market is primarily driven by its widespread applications across various industries, including cosmetics, pharmaceuticals, food production, and manufacturing. As a versatile fatty acid, stearic acid is valued for its role as a surfactant and softening agent, making it a key ingredient in the production of soaps, detergents, and personal care products like lotions and shampoos. Its binding properties also make it essential in the manufacturing of candles and plastics, as well as in the production of lubricants used in machinery and vehicles. The growth in consumer demand for personal care products, particularly those that are sustainably sourced and produced, has significantly contributed to the expansion of the stearic acid market. Additionally, the pharmaceutical sector utilizes stearic acid in the production of medications, where it acts as an excipient, and in dietary supplements, further bolstering market growth.
Stearic Acid Market Analysis
The global stearic acid market size reached 9 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 14.4 Million Tons, at a projected CAGR of 5.40% during 2023-2032. In Q4 2023, the global market for stearic acid experienced varied dynamics across different regions. In North America, despite an initial rise in demand from the chemical and automotive sectors, prices fell by 4% from the previous quarter due to high supply levels, inexpensive imports, and uncertain automotive demand. Additionally, nearshoring in Mexico affected the market dynamics as manufacturers faced high input costs. In the APAC region, the market remained stable despite a 5% quarter-on-quarter price drop, supported by strong demand from the winter tire sector and steady supplies from Indonesia and Malaysia. Europe saw moderate demand from the winter tire industry driving prices slightly, with a marginal 1.3% increase in the Netherlands despite a general 14% annual price decrease. Lastly, South America showed a mixed market situation where low initial prices due to cheap palm oil feedstock and subdued demand in the rubber sector led to price depreciation, although there was a late surge in demand from the burgeoning electric automotive industry.
Conclusively, in the last quarter, stearic acid prices were influenced by fluctuations in palm oil and other vegetable oil prices, key raw materials for its production. Weather disruptions in Southeast Asia, changing trade policies, and market demands significantly impacted these costs. Additionally, global logistics and supply chain disruptions, compounded by geopolitical tensions and economic uncertainties, increased transportation costs and affected supply stability. On the demand side, a rise in the cosmetics industry's need for natural products contrasted with reduced spending due to economic slowdowns in key markets, affecting demand for stearic acid in various sectors, including automotive and manufacturing, where its use varies based on economic conditions and industry developments.
Key Points Covered in the Stearic Acid Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Stearic Acid Prices
- Stearic Acid Price Trend
- Stearic Acid Demand & Supply
- Stearic Acid Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Stearic Acid Price Analysis
- Stearic Acid Industry Drivers, Restraints, and Opportunities
- Stearic 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
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.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
Comments