Dibutyl Phthalate Prices In India

India: 1394 USD /MT

In the fourth quarter of 2023, India's DBP market experienced a significant increase in prices, reaching 1469 USD/MT

The latest report by IMARC Group, titled "Dibutyl Phthalate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Dibutyl Phthalate Prices. This report delves into the price of Dibutyl Phthalate globally, presenting a detailed analysis, along with informative Dibutyl Phthalate Price Chart. Through comprehensive Dibutyl Phthalate Price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Dibutyl Phthalate Demand, analyzing how it impacts Industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Dibutyl Phthalate Prices December 2023:

India: 1394 USD /MT

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The study delves into the factors affecting dibutyl phthalate 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/dibutyl-phthalate-pricing-report/requestsample

Dibutyl Phthalate Price Trend- Q4 2023

The Dibutyl Phthalate (DBP) market is experiencing significant dynamics that influence its global price and availability. In North America, particularly the United States, there is a noticeable bullish trend for DBP prices in the fourth quarter of 2023. This upward price movement is primarily driven by the interplay of supply-demand dynamics, where an increase in demand from the downstream industries, such as construction, which is in a phase of recovery, pushes the prices higher. Additionally, the cost of n-butanol, a crucial feedstock in DBP production, has a significant impact on the market. The global hike in chemical prices, which began affecting the cost of primary feedstock in November 2023, despite a moderate demand trend, points to an overarching trend of rising production costs. This situation is exacerbated by increases in the prices of key raw materials, including n-butanol and Phthalic Anhydride, leading to heightened production expenses for manufacturers.

Dibutyl Phthalate Industry Analysis

The global dibutyl phthalate market size reached 226.9 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 299.1 Thousand Tons, at a projected CAGR of 3.10% during 2023-2032. In December 2023, the factors influencing Dibutyl Phthalate prices were multifaceted. In the United States, the DBP market demonstrated resilience amid a bullish trend influenced by recovering economic conditions and burgeoning demand from the construction sector.

The rising costs of n-butanol and Phthalic Anhydride, pivotal in DBP production, significantly swayed the market. The ripple effect of global chemical price hikes started to reflect on the cost of these essential feedstocks, leading to an upward adjustment in DBP prices. This adjustment was not merely a response to feedstock price escalations but also a strategic move to offset increased production costs and maintain profitability. The US market's trajectory reflected broader global competition, necessitating price adjustments to stay competitive.

Conversely, the scenario in the Asia-Pacific (APAC) region, particularly in India, was characterized by a bullish market with moderate supply but high demand. The increase in raw material costs, alongside increased demand from downstream industries such as plasticizers and construction, significantly impacted DBP production costs and market prices. The situation was further complicated by the raw material dumping from countries like China, South Korea, Indonesia, and Thailand, intensifying competition among DBP manufacturers.

This competition, coupled with the fluctuations in overall DBP consumption due to varying levels of demand, emphasized the volatile nature of the DBP market in the APAC region. Meanwhile, in Europe, the DBP market faced downward pressure due to a combination of factors including a narrow supply-demand gap, volatile raw material prices, and a significant decline in demand from the construction sector. The overall low production cost of DBP in Europe, despite the volatility in raw material prices, could not offset the impact of these demand-side challenges, leading to a downward trend in DBP prices towards the end of 2023.

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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