Butyl Acetate Price in USA
- United States: 2221 USD/MT
In December of Q4 2023, the price of butyl acetate in the United States surged to 2221 USD/MT. This uptick in the US market price was attributed to heightened global demand and expanded production, driven by elevated natural gas prices.
The latest report by IMARC Group, titled “Butyl Acetate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of Butyl 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.
Butyl Acetate Price Analysis:
- Japan: 1151 USD/MT
- Belgium: 1531 USD/MT
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The study delves into the factors affecting butyl 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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Butyl Acetate Price – Last Quarter
The butyl acetate market is driven by its diverse applications across various industries. One significant factor is the growing demand from the paints and coatings industry, where butyl acetate is extensively used as a solvent due to its effective solvency properties and ability to enhance the flow and application of paints. The rise in construction activities and automotive production globally has increased the consumption of paints and coatings, subsequently boosting the butyl acetate market. Another key driver is its use in the production of adhesives and sealants, where it serves as a solvent to enhance bonding strength and flexibility. The packaging expansion of the industry, driven by e-commerce and increasing consumer goods demand, also propels the need for adhesives, indirectly fostering market growth. Furthermore, the cosmetics and the demand of the personal care industry for butyl acetate in nail care products and perfumes, where it acts as a solvent and fragrance enhancer, supports market expansion.
Butyl Acetate Market Analysis
At the beginning of the second quarter of 2024, butyl acetate prices initially increased due to restocking efforts. However, as the quarter progressed, prices in North America dropped significantly because of better material availability, which was sufficient to satisfy downstream demand. This price reduction was influenced by a mix of abundant stock levels, subdued demand from downstream industries, and generally weak market sentiment, all contributing to the downward pressure on prices. Throughout the quarter, both the manufacturing and construction sectors, which are major users of butyl acetate, showed moderate purchasing activity, reflecting a lack of strong buying interest.
Whereas, in Q2 2024, the butyl acetate market in the Asia-Pacific region saw a significant price rise, influenced by several factors. Despite moderate consumption levels in the terminal markets and steady purchasing interest from downstream buyers, restricted enterprise shipments and ongoing inventory shortages have driven prices higher. The upward trend of the market has been supported by increasing costs of essential raw materials, including n-butanol and acetic acid, as well as varying methanol prices. These cost increases, combined with intensified restocking efforts and robust demand from industries such as construction, have contributed to a favorable pricing environment.
Other than this, at the beginning of the quarter, butyl acetate prices in the German market rose due to reduced inventory levels, prompting traders to push for higher prices. Nevertheless, during Q2 2024, the European butyl acetate market experienced a steady decline. This drop was influenced by stable upstream methanol prices from methanex and consistent feedstock acetic acid prices, which resulted in reduced market activity. Additionally, sufficient supply levels and a decrease in buying activities toward the end of the quarter contributed to the price decrease. The trend was further influenced by lower demand from the construction industry, which was affected by labor strikes and economic uncertainties, adding to a negative industrial outlook.
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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