The latest report by IMARC Group, titled "Phenol Pricing Report 2024: Price Trend, Chart, Industry Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the price trend. This report delves into the price of Phenol globally, presenting a detailed analysis, along with an informative Phenol 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 industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasts, making this report an invaluable resource for industry stakeholders.
Phenol Prices Last Quarter:
- United States: 1415 USD/MT
- China: 1120 USD/MT
- Europe: 1190 USD/MT
Report Offering:
- Monthly Updates - Annual Subscription
- Quarterly Updates - Annual Subscription
- Biannually Updates - Annual Subscription
The study delves into the factors affecting Phenol 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 industry, equipping stakeholders with the latest information on industry 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/phenol-pricing-report/requestsample
Key Highlights of the Phenol Price Trend – Last Quarter
The phenol prices is driven by several key factors, reflecting its crucial role in various industrial applications. One of the primary drivers is the growing demand for bisphenol A (BPA), which is a significant derivative of phenol. BPA is extensively used in the production of polycarbonate plastics and epoxy resins, materials that are vital in industries, such as automotive, construction, and electronics. Another significant driver is the increasing use of phenol in the pharmaceutical industry. Phenol serves as a precursor for numerous pharmaceutical products. Additionally, the cosmetics and personal care industry leverages phenol for its antiseptic properties, broadening its application scope. Apart from this, advancements in green chemistry and sustainable production processes are making phenol manufacturing eco-friendly, aligning with the global push toward sustainability. This shift not only meets regulatory requirements but also appeals to eco-conscious consumers and industries. Furthermore, technological advancements in production processes enhance the efficiency and cost-effectiveness of phenol manufacturing.
Factors Influencing Phenol Prices – Last Quarter
In North America
In the last quarter, phenol prices in North America remained elevated. This trend was driven by increased inquiries from downstream Bisphenol A industries, which bolstered phenol market fundamentals. Despite economic challenges in the USA, robust construction activity from both residential and non-residential supported phenol demand. Production activities in the USA market showed improvement, as evidenced by the U.S. Manufacturing Purchasing Managers' Index (PMI). Moreover, logistics improvements contributed to market stability.
In the Asia Pacific
In the Asia Pacific region, last quarter saw bearish sentiment in the phenol market due to several factors. Low demand from downstream Bisphenol A industries led to moderate to low phenol demand. Additionally, elevated crude oil inventories in the USA and weak demand from China drove down crude oil prices, thereby reducing phenol manufacturing costs.
In Europe
In the last quarter, the European phenol prices experienced a bearish trend, driven by moderate to low demand from downstream Bisphenol A industries. Persistent inflationary pressures eroded the purchasing power of end-use industries, resulting in bearish market sentiments for phenol. Despite limited production activities, the availability of finished goods remained adequate, ensuring stable supply levels.
Overall, Price Trend and Regional Prices 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.
About Us:
IMARC is a leading industry research company that offers management strategy and industry 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 industry, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Industry 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 industry 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
