Urea Resin Prices in USA

• Unites States: 690/Ton USD/MT

In June, the price of urea resin in the United States was $690 per ton. The latest report by IMARC Group, titled "Urea Resin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of Urea Resin 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.

Urea Resin Prices June 2023:

• Unites States: 690/Ton USD/MT
• China: 627/Ton USD/MT
• Germany: 634/Ton USD/MT

Report Offering:

• Monthly Updates: Annual Subscription
• Quarterly Updates: Annual Subscription
• Biannually Updates: Annual Subscription

The study delves into the factors affecting Urea Resin 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/urea-resin-pricing-report/requestsample

Urea Resin Price Trend- Q4 2023

The urea resin market is currently influenced by a confluence of economic factors and industry-specific trends. A primary driver is the fluctuating demand from key downstream industries such as wood and furniture manufacturing, which significantly impacts resin consumption and pricing. Additionally, changes in feedstock costs, particularly urea prices, play a crucial role in shaping production strategies and market dynamics. The recent decrease in urea prices has led to lower production costs, but it has also reduced the profitability of urea resin manufacturing, prompting producers to scale back operations. Furthermore, global economic conditions, including inflation and interest rate adjustments, are affecting purchasing behaviors and investment decisions within the industry. For instance, economic downturns and financial crises in significant markets like the USA have led to decreased demand, contributing to a downtrend in urea resin prices. These economic pressures, combined with ample supply and shifts in industrial growth rates, especially in major producing countries such as China, have created a bearish sentiment in the market, steering the overall pricing and production trends within the sector.

Urea Resin Market Analysis

The global urea resin market size reached US$ 11.45 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 15.3 Billion, at a projected CAGR of 3.30% during 2023-2032. In North America, specifically the United States, urea resin prices have been influenced by a mix of decreased demand from the wood and furniture sectors and an abundant supply of urea-formaldehyde resin. Economic factors such as the recent banking crisis, high inflation, and increased interest rates have further dampened demand, leading to low purchasing activity. The decline in demand correlates with a drop in lumber prices, indicating a broader slowdown in related industries. These factors collectively contributed to a downward pressure on urea resin prices during the last quarter.

In Asia, particularly China, the urea resin market has seen significant price adjustments influenced by low feedstock costs and changes in the industrial growth rate. A noticeable decline in the industrial growth rate has reflected a weakening in trading activities, which, coupled with an oversupply of urea resin and diminished demand from downstream sectors, led to a price reduction. The operational efficiency of manufacturing units and an uninterrupted supply chain despite these challenges have not been enough to uphold prices, resulting in a continuous decline in market prices throughout the quarter.

In Europe, the urea resin market remained bearish due to a combination of subdued demand and decreased feedstock costs. Low demand from domestic and overseas markets, influenced by economic factors such as muted export orders and broader inflationary pressures, has adversely affected the purchasing activities. Manufacturers, facing reduced profit margins due to these conditions, have been compelled to offer products at discounted prices, exacerbating the bearish market trend. Full production capacity and lack of supply chain disruptions have ensured sufficient supply, but have not mitigated the negative impact on prices caused by the low demand.

Browse Full Report:   https://www.imarcgroup.com/urea-resin-pricing-report

Key Points Covered in the Urea Resin Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Urea Resin Prices
• Urea Resin Price Trend
• Urea Resin Demand & Supply
• Urea Resin Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Urea Resin Price Analysis
• Urea Resin Industry Drivers, Restraints, and Opportunities
• Urea Resin 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:

• Price of Bromine
• Price of Calcium Chloride

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: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145