Silicone Oil Price in USA
- United States: 2353 USD/MT
In the latter quarter of 2023, silicone oil prices in the USA settled at 2353 USD/MT.
The latest report by IMARC Group, titled "Silicone Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of silicone oil 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.
Silicone Oil Prices Analysis:
- China: 3526 USD/MT
- Germany: 3654 USD/MT
Report Offering:
- Monthly Updates: Annual Subscription
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The study delves into the factors affecting silicone oil 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/silicone-oil-pricing-report/requestsample
Silicone Oil Price Trend- Last Quarter
The global silicone oil market is being primarily driven by its extensive use across multiple industries, including cosmetics, electronics, healthcare, and automotive. Silicone oil’s unique properties, such as thermal stability, water resistance, and low surface tension, make it a highly sought-after ingredient in products like lubricants, skincare formulations, and insulation materials. In the cosmetics industry, the rising demand for premium skincare and haircare products has significantly contributed to the market's growth.
Additionally, the automotive sector's need for durable lubricants and fluids has boosted demand for silicone oil in industrial applications. The growing focus on green technologies and sustainable materials has also opened new avenues for silicone oil, particularly in sectors like renewable energy, where its use in insulating fluids for transformers is gaining traction. Furthermore, ongoing research and development in silicone-based products and technological advancements have enhanced its application scope, leading to increased global consumption. The market is also benefiting from the rising demand for medical devices and pharmaceutical formulations that incorporate silicone oil for its biocompatibility and inertness.
Silicone Oil Industry Analysis
In Q2 2024, the North American silicone oil market experienced a downturn in pricing due to oversupply, particularly from Asian suppliers. The excess inventory led to decreased demand from key sectors like cosmetics, electronics, and industrial lubrication. Additionally, plant shutdowns and production inefficiencies further exacerbated the oversupply situation, leading to price reductions. In the U.S., substantial de-stocking activities coupled with slower procurement schedules contributed to a negative pricing trend. Seasonal factors, such as reduced demand during summer months, also played a role in dampening prices, which resulted in negative market sentiment.
Furthermore, the market in the APAC region faced significant downward price pressure in Q2 2024, driven by over manufacturing and high levels of inventory. Geopolitical problems and supply chain disruptions, such as port traffic and increasing freight costs, further accelerated pricing challenges. In South Korea, a combination of various factors and low economic conditions contributed to a sharp rate reduction, particularly in Q1. Temporary plant closures, including plants handled by Dow and Wacker Chemie, added to the supply chain sensitivities, causing continued price declines despite attempts at stabilization.
In contrast to North America and APAC, the European market saw a bullish trend in Q2 2024. Rising crude oil and raw material prices, such as chloromethane, drove up manufacturing costs. Increasing electricity prices and elevated freight charges further contributed to the increased cost of silicone oil. Germany witnessed strong demand from the cosmetics and homecare sectors, driven by summer-related discretionary spending. Supply disruptions from plant shutdowns, such as Wacker Chemie’s facility in Koeln, added to the price surge. Seasonal demand and supply chain bottlenecks contributed to the overall good pricing environment in Europe.
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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