Isophthalic Acid Prices, Demand, News, Chart and Forecast

𝐈𝐬𝐨𝐩𝐡𝐭𝐡𝐚𝐥𝐢𝐜 𝐀𝐜𝐢𝐝 𝐏𝐫𝐢𝐜𝐞𝐬 𝐈𝐧 𝐔𝐒𝐀

• 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: 1495 USD/MT

The isophthalic acid prices in the United States for Q4 2023 reached 1495 USD/MT in December.

The latest IMARC Group report, "𝐈𝐬𝐨𝐩𝐡𝐭𝐡𝐚𝐥𝐢𝐜 𝐀𝐜𝐢𝐝 𝐏𝐫𝐢𝐜𝐞𝐬, 𝐓𝐫𝐞𝐧𝐝, 𝐂𝐡𝐚𝐫𝐭, 𝐃𝐞𝐦𝐚𝐧𝐝, 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐍𝐞𝐰𝐬, 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐃𝐚𝐭𝐚 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟒 𝐄𝐝𝐢𝐭𝐢𝐨𝐧," presents a detailed analysis of 𝐈𝐬𝐨𝐩𝐡𝐭𝐡𝐚𝐥𝐢𝐜 𝐀𝐜𝐢𝐝 𝐏𝐫𝐢𝐜𝐞𝐬, offering key insights into global market dynamics. This report includes comprehensive price chart, which trace historical data and highlights major shifts in the market. The analysis delves into the factors driving these trend, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

For strategic planning, the report provides price forecasts, allowing businesses to anticipate price shifts and make informed decisions about procurement and investment. The forecast draws on historical data, market trend, and key economic indicators, ensuring a reliable outlook for stakeholders. Additionally, the inclusion of the price index offers a broader view of market performance over time, providing a valuable benchmark for evaluating market trends. With these insights, the report equips industry stakeholders with the tools needed to navigate the complex global market and optimize their strategies in response to evolving conditions.

𝐈𝐬𝐨𝐩𝐡𝐭𝐡𝐚𝐥𝐢𝐜 𝐀𝐜𝐢𝐝 𝐏𝐫𝐢𝐜𝐞𝐬 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

• 𝐂𝐡𝐢𝐧𝐚: 1255 USD/MT
• 𝐈𝐧𝐝𝐢𝐚: 1125 USD/MT

𝗥𝗲𝗽𝗼𝗿𝘁 𝗢𝗳𝗳𝗲𝗿𝗶𝗻𝗴:

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

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

The study examines the key factors driving price variations, focusing on shifts in raw material costs, the balance between supply and demand, and the impact of geopolitical influences. It also considers sector-specific developments that play a critical role in shaping market prices. By analyzing these elements, the report offers valuable insights into the underlying causes of price fluctuations, helping businesses and investors understand market behavior more effectively.

In addition, the report provides the latest market updates, ensuring stakeholders are informed about recent fluctuations, regulatory changes, and technological advancements. This comprehensive resource equips decision-makers with the necessary tools to enhance their strategic planning and improve forecasting accuracy. Through this analysis, the report becomes an indispensable asset for anyone looking to navigate the complexities of the Isophthalic Acid market and optimize future strategies.

𝐈𝐬𝐨𝐩𝐡𝐭𝐡𝐚𝐥𝐢𝐜 𝐀𝐜𝐢𝐝  𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝- 𝐋𝐚𝐬𝐭 𝐐𝐮𝐚𝐫𝐭𝐞𝐫

Isophthalic acid is an organic compound primarily used as a key intermediate in the production of high-performance plastics, resins, and coatings. It is known for enhancing the durability, chemical resistance, and heat stability of polyester resins, which are widely used in industries like construction, automotive, and packaging. The global isophthalic acid market is driven by growing demand from these sectors, especially due to the increasing use of durable and lightweight materials. In addition, the rising adoption of isophthalic acid in the production of PET (polyethylene terephthalate) bottles for packaging further boosts market growth. Trends such as innovations in resin technology and expanding applications in paints and coatings also support market expansion. The shift toward sustainable materials and increased focus on eco-friendly packaging solutions are contributing to the rise in demand for isophthalic acid, as manufacturers seek materials that offer both performance and environmental benefits.

𝐈𝐬𝐨𝐩𝐡𝐭𝐡𝐚𝐥𝐢𝐜 𝐀𝐜𝐢𝐝 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

In the US market, isophthalic acid prices declined during the fourth quarter of 2023 due to reduced cost pressure from feedstock m-xylene and more economical imports from Asia. Macroeconomic challenges, including inflation and high interest rates, weakened end-user purchasing power. Despite the Federal Reserve's efforts to manage inflation, demand for Isophthalic acid from the PET resin and derivative sectors remained sluggish. This, coupled with ample supply, led to further price declines, even as global uncertainties affected downstream demand.

Isophthalic acid prices in South Korea followed a downward trend in the final quarter of 2023, driven by slow economic growth, oversupply, and weak demand from the domestic and international markets. Demand from the downstream PET industry remained subdued, with minimal new orders. Additionally, overseas inquiries decreased due to persistent macroeconomic challenges. Although domestic production maintained steady rates, manufacturers faced difficulties raising export prices, leading to inventory clearance at discounted rates to cope with the challenging market conditions.

The European chemical industry faced challenges due to geopolitical tensions and energy market fluctuations, affecting isophthalic acid prices. In Germany, prices declined in the fourth quarter of 2023 due to weakened domestic demand and reduced feedstock costs. Demand from the downstream PET resin sector remained weak, while competitive Asian offers further pressured prices. High inflation and interest rates eroded purchasing power, accelerating destocking activities. Despite stable supply levels, manufacturing firms faced pressure from declining demand, reflected in the contraction of the German manufacturing Purchasing Manager Index, signaling reduced industrial activity.

𝐒𝐩𝐞𝐚𝐤 𝐓𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 : https://www.imarcgroup.com/request?type=report&id=22428&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.