Acetone Price Chart, Index, Trend, Chart, Monitor, Demand, News and Historical Prices Analysis
Acetone Price In USA
- United States: $1467/MT
Acetone prices in the USA reached a record high of US$ 1467/MT in Q4 2023, driven by a mix of supply constraints, soaring demands.
The latest report by IMARC, titled "Acetone Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of acetone prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Acetone Prices December 2023:
- United States: $1467/MT
- Japan: $765/MT
- Belgium: $1129/MT
Report Offering:
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The study delves into the factors affecting acetone price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/acetone-pricing-report/requestsample
Acetone Price Trend- Q4 2023
The acetone market is primarily driven by its extensive applications in the production of industrial chemicals and consumer goods. A significant factor influencing the market dynamics is the integration of acetone production with the output of phenol plants. Phenol and acetone are often co-produced, meaning that changes in the production volumes and operational efficiencies of phenol plants directly impact acetone availability. Additionally, acetone demand is closely tied to sectors like construction, where it is used in solvents and coatings, which sees fluctuation with seasonal and economic shifts. Geopolitical events and variations in crude oil prices also play a crucial role by affecting the cost of benzene—a vital feedstock for acetone—thereby influencing production costs and market prices. Moreover, the market is sensitive to shifts in regulatory policies and environmental concerns, which can drive changes in production processes and demand patterns.
Acetone Market Analysis
The global acetone market size reached US$ 7.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 11.7 Billion, at a projected CAGR of 5.40% during 2023-2032. In North America, acetone prices during the first quarter of 2024 were shaped by a blend of supply stability and fluctuating demand. Early in the quarter, prices were elevated due to lower inventory levels carried over from the previous year. However, as inventories normalized and production stabilized, prices moderated. The stability in pricing can also be attributed to adequate acetone supplies meeting the moderate demand from manufacturing sectors. Despite this, underlying price pressures remained from rising benzene costs, driven by higher global demand for this precursor. The construction sector's seasonal pickup also influenced demand trends, adding a layer of complexity to the pricing dynamics. Thus, while the market experienced relative stability, it remained vulnerable to external factors like geopolitical tensions and crude oil price movements.
In the APAC region, acetone prices during Q1 2024 were primarily influenced by supply disruptions. A key production facility in Taiwan underwent maintenance, leading to reduced output and tighter supplies, which nudged prices upward in nearby markets like China. However, in Thailand, prices saw a decline due to lower naphtha and crude oil prices, which reduced production costs. The period post-holiday season saw a resurgence in manufacturing activities and demand, which helped stabilize the market somewhat. Moreover, regional geopolitical tensions and strategic adjustments in import policies also played roles in shaping the market landscape. This mixture of constrained supply due to maintenance shutdowns and variable demand across the region created a nuanced price environment for acetone.
In Europe, acetone prices in the first quarter of 2024 remained relatively stable due to consistent demand from the solvents, personal care, and cosmetics industries. Prices varied slightly across different countries, reflecting regional disparities in energy costs and production expenses. For instance, higher costs in the UK and Germany were reflected in their slightly higher acetone prices compared to the Netherlands and Belgium. The stability in prices was underpinned by rising costs of key feedstocks like benzene and naphtha, coupled with geopolitical tensions that impacted the broader chemicals market. Looking forward, the market is expected to face gradual price increases driven by tightening supplies, escalating feedstock costs, and stable or growing demand across key industries.
Browse Full Report: https://www.imarcgroup.com/acetone-pricing-report
Key Points Covered in the Acetone Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Acetone Prices
- Acetone Price Chart
- Acetone Demand & Supply
- Acetone Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Acetone Price Analysis
- Acetone Industry Drivers, Restraints, and Opportunities
- Acetone News and Recent developments
- Global Event Analysis
- List of Key Players
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
Browse More Pricing Reports by IMARC Group
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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IMARC is a leading market research company that offers management strategy and market 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 market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market 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 market 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.
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