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 December 2023:
- United States: 1,857 USD/MT
- 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- Q4 2023
The n-Propyl Acetate market is primarily driven by its diverse applications across multiple industries, particularly in paints and coatings, adhesives, and inks. Its excellent solvent properties make it a preferred choice in the production of high-quality paints and coatings, which are extensively used in the automotive and construction sectors. The growing construction industry, especially in emerging economies, is a significant driver as it fuels the demand for paints and coatings. Additionally, the increasing automotive production and sales contribute to the market's expansion. The demand for environmentally friendly and low-VOC (volatile organic compounds) solvents also supports market growth, as n-Propyl Acetate fits well within these regulatory frameworks.
Moreover, advancements in manufacturing technologies and the rising trend of industrial automation bolster the demand for efficient and high-performing solvents like n-Propyl Acetate. The expanding consumer goods sector, which requires high-quality packaging inks, further stimulates market demand. Lastly, the pharmaceutical and cosmetics industries also drive market growth due to the solvent's use in various formulations and product development processes.
N-Propyl Acetate Industry Analysis
In the second quarter of 2024, the North American n-Propyl Acetate market experienced a challenging pricing environment due to factors such as high inventory levels, fluctuating upstream material prices, and increased production costs stemming from rising natural gas prices. However, price increases occurred later in the quarter due to growing demand from the paints and coatings industry, as well as improved procurement activities in the real estate sector, reflecting a complex interplay of supply and demand dynamics. In Q2 2024, the APAC n-Propyl Acetate market saw prices decline due to low demand from construction and other industries. Fluctuating methanol prices and high inventory levels led to continuous price reductions by manufacturers. In China, prices initially rose before sharply declining post-holiday. Weak support from acetic acid prices and negative sentiment in the property sector further contributed to the price decreases.
In the beginning of Q2 2024, the European n-Propyl Acetate market experienced bearish trends due to destocking and lower energy prices. However, prices rose in the second month due to increased feedstock costs and supply chain disruptions from the Red Sea crisis. Germany witnessed significant price volatility driven by strong demand from the construction sector and foreign direct investment. Overall, the market exhibited resilience amid various challenges, with a 2% price increase between the first and second halves of the quarter and signs of stabilization in quarter-over-quarter comparison.
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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