Nonyl Phenol Price Trend

Nonyl Phenol Prices December 2023

The cost of nonyl phenol in India for Q4 2023 reached 2585 USD/MT. The market encountered various obstacles, including limited stock availability, leading to a high estimate in the initial half of the quarter. In mid-December, product prices trended downward in the Asian market as downstream sectors displayed a lack of resilience. Despite this, value remained relatively stable in December due to stagnant demand from the surfactant industry and production rate restrictions by manufacturers. Besides this, weakened demand in the Asian ethoxylates market mirrored the situation in the surfactant supply chain, resulting in some lower-cost deals as the year-end approached, squeezing profit margins for numerous players across the market.

Nonyl Phenol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Nonyl Phenol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of nonyl phenol 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 nonyl phenol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of nonyl phenol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing nonyl phenol 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.

Nonyl Phenol Market Analysis

The global nonyl phenol market size reached US$ 1.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.3 Billion, at a projected CAGR of 5.60% during 2023-2032.

• The textile industry uses nonyl phenol as a vital component in the production of textile auxiliaries, where it acts as a surfactant, aiding in dyeing, printing, and finishing processes. Its ability to improve wetting and dispersing properties enhances the efficiency and quality of textile manufacturing. As per the data by IMARC GROUP, the global textile market size reached US$ 1,027.0 Billion in 2023. It is further forecasted to reach US$ 1,445.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.8% during 2024-2032. This is escalating the demand for nonyl phenol across the globe. The product enables dyes and chemicals to penetrate fibers more effectively, ensuring uniform coloration and improved color retention. Moreover, its ability to reduce surface tension aids in the even distribution of chemicals across textile surfaces, resulting in enhanced fabric quality and consistency.
• Nonyl phenol is extensively used in the production of chemicals, which find applications in numerous products. As a chemical intermediate, it serves as a building block for the synthesis of numerous compounds, including nonyl phenol ethoxylates (NPEs), antioxidants, and lubricating oils. In the manufacturing sector, it plays a crucial role in the production of detergents, where it acts as a surfactant, facilitating the emulsification and dispersion of oils and dirt. According to the Cybersecurity and Infrastructure Security Agency (CISA), the chemical industry is a $768 Billion enterprise that supports more than 25% of the United States population. Moreover, the chemical industry employs nearly 800,000 individuals which creates jobs in other industries resulting in 6 Million jobs created. Hence the expanding chemical industry represents another major growth-inducing factor.
• Moreover, nonyl phenol serves as a key precursor in the synthesis of nonyl phenol ethoxylates, which are widely used as surfactants in detergent formulations. In household and industrial cleaning products, nonyl phenol ethoxylates enable effective emulsification and soil removal, ensuring superior cleaning performance. Its presence enhances the efficiency of detergents, making them essential for maintaining cleanliness and hygiene standards. As per the data by the German Cosmetic, Toiletry, Perfumery and Detergent Association (IKW), light-duty and specialized laundry detergents experienced a growth of 8.1%. A recent study by IKW underscores the importance of a clean home in Germany, revealing that 78% of respondents feel a sense of accomplishment after cleaning, while 70% consciously enjoy cleanliness which in turn is propelling the demand for nonyl phenol.

Nonyl Phenol News

The report covers the latest developments, updates, and trends impacting the global nonyl phenol 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 nonyl phenol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the nonyl phenol price trend.

Latest developments in the nonyl phenol industry:

• August 2023, Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company announced a price hike for PEGs and nonyl phenol ethoxylates.
• September 2022, Indorama Ventures Public Company Limited (IVL), a prominent sustainable chemical company, announced the opening of a new office and lab in Shanghai, China.

Product Description

Nonyl phenol, a petrochemical compound, serves various industrial purposes due to its versatility. It is primarily manufactured through the alkylation of phenol with nonene, derived from crude oil. This chemical synthesis process produces nonyl phenol, typically in the form of a pale-yellow liquid or solid depending on its purity and application. It finds extensive use in industries such as textiles, plastics, and detergents. It acts as a surfactant, aiding in emulsification and dispersion, making it valuable in detergent formulations. Additionally, it serves as a stabilizer in PVC production and as an intermediate in the manufacturing of antioxidants and lubricating oils. Furthermore, it serves as a stabilizer in PVC production and acts as an intermediate in the manufacturing of antioxidants and lubricating oils, underscoring its multifaceted role in industrial processes.

Regional Coverage

The report provides a detailed analysis of the nonyl phenol 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 nonyl phenol price trend.

Global Nonyl Phenol Price

The report offers a holistic view of the global nonyl phenol pricing trends in the form of nonyl phenol 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 nonyl phenol 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 nonyl phenol 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 Nonyl Phenol Price

The European region has experienced sluggish downstream demand. The rising concerns over reduced demand from the surfactant industry led to modest price fluctuations despite worries about freight disruptions toward the end of the quarter. Moreover, efforts to reduce operating rates to protect profit margins proved ineffective, and despite production cutbacks, nonyl phenol supplies continued to face challenges due to low demand. Overall, the market witnessed stable demand and moderate to low supply, with European downstream markets demonstrating stability in purchasing confidence.

This analysis can be extended to include detailed nonyl phenol price information for a comprehensive list of countries.

North America Nonyl Phenol Price

In North America, the nonyl phenol prices remained steady, and the market situation stayed balanced, with prices showing stagnation and no significant shift in purchasing sentiments from downstream industries such as Ethoxylates and surfactants. Moreover, buyers refrained from making purchases, expecting further price discounts amid challenges faced by the downstream market, including logistics issues and reduced production rates. Furthermore, the Panama Canal route, faced restrictions and reduced transit volumes due to low water levels, impacting vessel drafts and transit volumes.

Specific nonyl phenol historical data within the United States and Canada can also be provided.

Middle East and Africa Nonyl Phenol Price

The report explores the nonyl phenol 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 nonyl phenol prices for countries can also be provided.

Asia Pacific Nonyl Phenol Price

The nonyl phenol pricing in the Asia Pacific region encountered challenges, including limited stock availability, leading to price increases in the first half of the quarter. Prices consolidated downward in mid-December as downstream market conditions failed to show resilience. Stable prices continued through December as demand from the surfactant industry remained sluggish, prompting producers to limit production rates.

This nonyl phenol price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Nonyl Phenol Price

The analysis of nonyl phenol 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.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of nonyl phenol 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 nonyl phenol 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 nonyl phenol price charts ensure our clients remain at the forefront of the industry.