Stearic Acid Prices, Chart, Trend, Graph and Forecast

𝗦𝘁𝗲𝗮𝗿𝗶𝗰 𝗔𝗰𝗶𝗱 𝗣𝗿𝗶𝗰𝗲 𝗶𝗻 𝗦𝗼𝘂𝘁𝗵 𝗞𝗼𝗿𝗲𝗮
• 𝗦𝗼𝘂𝘁𝗵 𝗞𝗼𝗿𝗲𝗮: 1322 USD/MT (Rubber Grade)

The stearic acid (rubber grade) prices in South Korea for Q4 2023 reached 1322 USD/MT (Rubber Grade) in December.

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 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.

𝗦𝘁𝗲𝗮𝗿𝗶𝗰 𝗔𝗰𝗶𝗱 𝗣𝗿𝗶𝗰𝗲𝘀 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀:

• 𝗡𝗲𝘁𝗵𝗲𝗿𝗹𝗮𝗻𝗱𝘀: 1576 USD/MT (Rubber Grade)

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/stearic-acid-pricing-report/requestsample

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.

𝗦𝘁𝗲𝗮𝗿𝗶𝗰 𝗔𝗰𝗶𝗱 𝗣𝗿𝗶𝗰𝗲 𝗧𝗿𝗲𝗻𝗱- 𝗟𝗮𝘀𝘁 𝗤𝘂𝗮𝗿𝘁𝗲𝗿

The stearic acid market is driven by its diverse applications across the cosmetics and personal care sectors for its use as an emulsifier and stabilizer in products like creams and lotions. Besides this, the rise in automotive and industrial applications, where stearic acid is used in the production of lubricants and coatings, also contributes to the market growth.

Additionally, the expanding food and beverage industry, where stearic acid serves as a food additive and processing agent is acting as another significant growth-inducing factor. Apart from this, the growing focus on sustainable and eco-friendly products further drives the market as manufacturers seek natural alternatives.

𝗦𝘁𝗲𝗮𝗿𝗶𝗰 𝗔𝗰𝗶𝗱 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀

In North America, the stearic acid market witnessed a decline in prices during Q2 2024, largely due to reduced demand from key industries like automotive and rubber, coupled with disruptions in supply chains. The decline in Palm Oil prices significantly lowered production costs, further driving prices downward. The automotive sector, especially the electric vehicle (EV) market, underperformed, exacerbating the negative trend. Seasonal factors, such as reduced demand for summer tires, also contributed to the price drop.

Despite stable year-over-year comparisons, the quarter ended on a downward note, highlighting the challenging pricing environment. In contrast, the Asia Pacific market was influenced by stable yet variable Palm Oil costs and significant logistical challenges. The Strait of Malacca and Singapore port congestion led to a sharp increase in freight charges, further elevating Stearic Acid prices. Japan, in particular, experienced substantial price fluctuations, driven by increased input costs and a weakened yen. Seasonal patterns and the Daihatsu safety test scandal, which halted automotive production, also played a role. Despite these challenges, the overall market sentiment in APAC remained optimistic.

Furthermore, Europe also faced a persistent decline in Q2 2024, primarily due to weak demand from the automotive sector, despite challenges like port congestion and strikes at German ports. The fluctuating Palm Oil prices reduced production costs and contributed to the downward price trend. Moreover, environmental disruptions, such as floods in Northern Europe, exacerbated oversupply issues, pushing prices further down. The quarter ended with a significant price decline across the region, reflecting the bearish market sentiment and the ongoing challenges in the automotive industry.

𝗦𝗽𝗲𝗮𝗸 𝘁𝗼 𝗮𝗻 𝗔𝗻𝗮𝗹𝘆𝘀𝘁: https://www.imarcgroup.com/request?type=report&id=22651&flag=C

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.

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

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.