Propyl Paraben Price Trend

Propyl Paraben Prices June 2023

In June 2023, the USA propyl paraben prices return to normal April levels, ultimately stabilizing at 7305 USD/MT, with a balanced market dynamic between supply and inquiries.
 
In Q2 2023, propyl paraben prices declined in India, closing the second quarter on a bearish note with a final price of 6694 USD/MT in June. This drop was attributed to decreased export orders and sluggish supply-demand dynamics, exacerbating the already weak market trend.
 
In the second quarter of 2023, propyl paraben had a wave of downturn in China, and the price reached 7045 USD/MT FOB. This decline was supported by the decreasing market orders and the unlively supply-demand situations both in global and local markets thus pushing the trend of the market.
 
In June 2023, propyl paraben prices in Germany exhibited a volatile trend, increasing in April, declining sharply in May, and returning to the price in June. By the end of June, prices stabilized at 7240 USD/MT, reflecting the fluctuating market conditions throughout the quarter.

Propyl Paraben Price Trend, Market Analysis, and News

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

The report examines the elements influencing propyl paraben 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.

Propyl Paraben Market Analysis

The global propyl paraben market size reached 110 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 146.1 Thousand Tonnes, at a projected CAGR of 3.20% during 2023-2032.

• The growing consumer goods industry, particularly in emerging economies where rising disposable incomes and health awareness are increasing demand for products that incorporate preservatives to ensure longer shelf life and safety, thereby fueling the market.
• The regulatory approvals in multiple countries, attesting to propyl paraben's safety and efficacy, have bolstered its adoption across various end-use industries. This diversification into various industry sectors broadens its application base and opens up new revenue streams for manufacturers.
• The rising trend of clean labels and natural preservatives, which resonate with the growing consumer preference for 'free-from' and 'natural' products.
• The ongoing research into the effects of parabens on health and the environment could impact market dynamics, prompting innovations toward safer and more sustainable alternatives. Researchers and companies are investing in developing modified or new formulations of propyl paraben that enhance its antimicrobial effectiveness while mitigating potential health risks.
• Strategic alliances and mergers among key players in the chemical preservatives market are aimed at optimizing production processes, expanding product lines, and enhancing market penetration.
• Rapid globalization of the cosmetic and pharmaceutical industries is driving demand for propyl paraben, as companies expand their reach into new geographical markets, the need for preservatives that can ensure product stability and meet the diverse regulatory landscapes increases.
• The rise in consumer awareness about product ingredients fuels the demand for transparency in product formulations.
• The development of hybrid preservative systems, where propyl paraben is used in combination with other preservatives to achieve broad-spectrum efficacy, is a significant market trend.
• As consumers increasingly scrutinize product labels, companies that proactively disclose their use of propyl paraben and educate about its safety and benefits can maintain consumer trust and preference.

Propyl Paraben News

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

Latest developments in the propyl paraben industry:

• On April 16, 2024, Ashland Inc. showcased their high-performing, innovative ingredients at in-cosmetic Global in Paris, France, demonstrating how their technology platforms help customers tackle complex challenges and adapt to global megatrends and regulations.
• On April 25, 2022, Arkema’s corporate headquarters and its Marseille and Serquigny plants achieved SuCCESS™ certification from the Sustainable Castor Association, enabling them to offer certified advanced bio-circular polymers and oleochemical building blocks under the world's first sustainable castor code.
• On March 28, 2024, Haihang Group showcased its fine chemical and cosmetic raw material innovations at KOREA CHEM & KOREA PHARM 2024 in Seoul, South Korea, from April 23-26, 2024, at the KINTEX Exhibition Center, inviting global industry exchanges.

Product Description

Propyl paraben (also propyl para-hydroxybenzoate) belongs to the paraben family, the preservatives that are widely applied in the cosmetic, pharmaceutical, and food industries. Chemically, it is the propyl ester of p-hydroxybenzoic acid. This molecule is normally obtained by the process of esterification, which involves the reaction of propanol with p-hydroxybenzoic acid in the presence of an acid catalyst like sulfuric acid or acid resin. Propylparaben is a preservative that inhibits the multiplication of bacteria, fungi, and yeast. In turn, this extension of the shelf life of the products becomes a benefit.

Apart from its function of avoiding product spoilage and keeping consumers from possible infections, propylparaben appears to be of the essence when it comes to products with relatively long shelf lives and other products that can be highly contaminated by bacteria. The industry of cosmetics uses it as a preservation agent for various products including shampoo, moisturizers, and makeup. In the course of pharmaceuticals, it aids in maintaining sterile different formulations like oral, topical, and injection drugs. Moreover, in the food industry, it is also used as a food preservative to stop rotting and retain the freshness of the product.

Regional Coverage

The report provides a detailed analysis of the propyl paraben 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 propyl paraben price trend.

Global Propyl Paraben Price

The report offers a holistic view of the global propyl paraben pricing trends in the form of propyl paraben 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 propyl paraben 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 propyl paraben 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 Propyl Paraben Price

During the second quarter of 2023, the European market for Propylparaben, particularly in Germany, exhibited volatile pricing patterns that mirrored trends observed in the Chinese market. In April, prices rose due to moderate demand that was well-matched with supply levels, maintaining a steady upward trajectory.

However, the market faced a downturn in May, primarily due to a slowdown in the German pharmaceutical excipient sector, compounded by ongoing supply issues and reduced factory output in exporting countries. This led to lower demand and declining prices. As the quarter drew to a close in June, prices rebounded, fueled by increased demand from the pharmaceutical, personal care, and cosmetic industries.

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

North America Propyl Paraben Price

In the North American region, the market for propyl paraben experienced mixed trends throughout the second quarter of 2023. In April, prices moderately increased, influenced by stronger consumer demand, robust trade momentum, and decreased ocean freight costs, which collectively supported a positive market outlook.

However, as May began, prices saw a notable decline due to a moderate decrease in demand from the cosmetics and personal care industries. This slowdown led to an accumulation of inventories, prompting suppliers to halt new orders and focus on destocking existing supplies. By the end of the quarter, prices rebounded to levels similar to those seen in April, driven by decreasing inventory levels.

Specific propyl paraben historical data within the United States and Canada can also be provided.

Middle East and Africa Propyl Paraben Price

The report explores the propyl paraben 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 propyl paraben prices for countries can also be provided.

Asia Pacific Propyl Paraben Price

In the APAC region during the second quarter of 2023, the market for propyl paraben displayed mixed trends, with varying dynamics in China and India. In China, April saw a moderate increase in prices, driven by robust domestic and overseas inquiries which boosted manufacturing activities. However, as May began, prices declined significantly due to weakened demand from the domestic personal care and cosmetic sectors, although inventories remained sufficient to meet the inquiries until the end of June. Conversely, in India, the price trajectory for Propyl Paraben was consistently downward, culminating in a bearish trend by the end of the quarter.

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

Latin America Propyl Paraben Price

The analysis of propyl paraben 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 propyl paraben 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 propyl paraben 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 propyl paraben price charts ensure our clients remain at the forefront of the industry.