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Methyl Salicylate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24348
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Methyl Salicylate Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Methyl Salicylate | Chemical | USA | 4878 USD/MT |
| Methyl Salicylate | Chemical | Japan | 3880 USD/MT |
| Methyl Salicylate | Chemical | Germany | 5526 USD/MT |
The price of methyl salicylate in the United States for 2023 reached 4878 USD/MT in December. Meanwhile, in Japan, the market recorded the price at 3880 USD/MT during December. Besides this, the price trend in Germany for 2023 reached 5526 USD/MT in December.
Methyl Salicylate Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Methyl Salicylate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of methyl salicylate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of methyl salicylate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of methyl salicylate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing methyl salicylate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Methyl Salicylate Market Analysis
The global methyl salicylate market size reached US$ 290.6 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 474.5 Million, at a projected CAGR of 5.60% during 2023-2032.
- The large-scale use of methyl salicylate in the agriculture sector as a pesticide and insect repellent represents the key factor driving the market growth. Its strong scent effectively protects crops from pests and deters insects and other harmful organisms, thus strengthening the market's growth.
- In addition, methyl salicylate is also employed in the food industry as a preservative. Its antibacterial properties help extend the shelf life of perishable goods, preventing the growth of spoilage-causing microorganisms, thereby bolstering its market demand.
- The widespread product adoption as an industrial solvent in the manufacturing of resins, coatings, and other chemical products is acting as another significant growth-inducing factor. Its solvent properties make it effective in dissolving and processing various materials.
- Moreover, it is a popular ingredient in the perfume industry. Its sweet, minty fragrance adds a refreshing note to various perfumes and enhances their appeal and complexity, thereby creating lucrative opportunities for market expansion.
- Another factor supporting the market growth is its incorporation in soaps and detergents for its fragrance and antiseptic properties, making these products more effective and appealing to consumers.
- Furthermore, the surging use of methyl salicylate in aromatherapy due to its soothing and relaxing properties is providing an impetus to the market growth. It is often diffused in the air or used in massage oils to alleviate stress and promote mental well-being.
- Besides this, the rising use of methyl salicylate in the textile industry in dyeing and finishing processes to achieve better color fixation and impart a pleasant fragrance to fabrics is propelling the market forward.
- In traditional medicine, methyl salicylate is used as a key component in salves and balms used to relieve pain from sprains, strains, and bruises. It is also included in formulations for respiratory aids, such as chest rubs and inhalants. The compound’s aromatic properties help clear nasal passages and improve breathing in conditions like colds and congestion, thereby providing an impetus to the market growth.
- Apart from this, methyl salicylate’s expanding demand in confectionery to flavor certain pharmaceuticals, making them more palatable is aiding in market expansion. Its distinct taste helps mask the unpleasant flavors of some medicinal ingredients.
Methyl Salicylate News
The report covers the latest developments, updates, and trends impacting the global methyl salicylate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in methyl salicylate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the methyl salicylate price trend.
Latest developments in the methyl salicylate industry:
- In September 2023, the Scientific Committee on Consumer Safety (SCCS) confirmed that Methyl Salicylate (CAS No. 119-36-8) is safe for children aged 0.5-3 years when used up to 0.02% in various cosmetic products like shower gel, hand soap, and body lotion. Additionally, SCCS deemed the compound safe in toothpaste for children under six years at concentrations up to 2.52%.
Product Description
Methyl salicylate is a colorless or pale-yellow liquid with a characteristic wintergreen odor and is naturally found in various plants, particularly wintergreen leaves and sweet birch. It belongs to the ester family of organic compounds and is produced by the esterification of salicylic acid with methanol. This compound can also be synthesized artificially for use in various commercial applications.
Methyl salicylate is widely used in both the pharmaceutical and cosmetic industries due to its analgesic and anti-inflammatory properties. In pharmaceuticals, it is employed as a common ingredient in topical pain relief products such as ointments, creams, and patches. It is effective in providing temporary relief from minor aches and pains associated with conditions like arthritis, backache, and muscle strains. Additionally, methyl salicylate is used in oral hygiene products like mouthwashes and toothpaste for its pleasant aroma and mild antiseptic properties.
Regional Coverage
The report provides a detailed analysis of the methyl salicylate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the methyl salicylate price trend.
Global Methyl Salicylate Price
The report offers a holistic view of the global methyl salicylate pricing trends in the form of methyl salicylate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of methyl salicylate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed methyl salicylate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Methyl Salicylate Price
European methyl salicylate prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed methyl salicylate price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| 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, among other European countries. |
North America Methyl Salicylate Price
The analysis of methyl salicylate prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific methyl salicylate historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Methyl Salicylate Price
The report explores the methyl salicylate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on methyl salicylate prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Methyl Salicylate Price
The methyl salicylate pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This methyl salicylate price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Methyl Salicylate Price
The analysis of methyl salicylate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Methyl Salicylate |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Methyl Salicylate Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: 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* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of methyl salicylate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting methyl salicylate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The methyl salicylate price charts ensure our clients remain at the forefront of the industry.
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- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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