Propyl Paraben Price Trend

Propyl Paraben Prices June 2024

The propyl paraben prices in the United States for Q2 2024 reached 7250 USD/MT in June. The propyl paraben market in the region saw upward pricing pressure due to rising demand from the food and beverage (F&B) industry, combined with notable supply chain disruptions. Delays in shipments and high freight rates, along with summer-driven demand for preservatives in perishable goods, contributed to the sustained price increase.

The price trend for propyl paraben in China for Q2 2024 settled at 6800 USD/MT in June. The region's market held steady due to the steady requirement from the pharmaceutical and personal care sectors. While effective supply chain management lessened the consequences of logistical issues and ensured stable prices, seasonal demand during warmer months increased the consumption of personal care goods.

In Germany, the propyl paraben prices for Q2 2024 reached 7120 USD/MT in June. Germany saw notable price increases in the market during the quarter, driven by rising manufacturing costs and strong requirement from the personal hygiene and pharmaceutical sectors. Logistics disturbances, particularly the impact of geopolitical tensions, added to the heightened freight rates, compounding the upward pressure on prices. Seasonal demand also played a role.

Propyl Paraben Prices December 2023

The propyl paraben prices in the United States for Q4 2023 reached 7305 USD/MT in December. The prices rose initially in the fourth quarter due to strong demand from the personal care sector. However, by December, prices dropped significantly due to weakened purchasing sentiment and overproduction. Logistical challenges and a surplus of inventory contributed to the decline.

The price trend for propyl paraben in China for Q4 2023, reached 7045 USD/MT in December. This quarter witnessed a decrease in propylparaben prices, influenced by lower downstream demand and maintenance shutdowns. The end-of-year holiday season further contributed to reduced production and distribution activities, leading to a price drop.

The price trend for propyl paraben in India for Q4 2023, reached 6694 USD/MT in December. During this quarter, the prices in India experienced fluctuations due to varying demand. The cooler months initially drove up prices, but by December, a reduction in downstream consumption and increased stockpiles led to a price decrease.

The price trend for propyl paraben in Germany for Q4 2023, reached 7240 USD/MT in December. The prices increased at the start of the fourth quarter due to increased demand and higher costs of upstream materials. However, by December, prices fell as anticipated demand did not materialize, leading to inventory adjustments and reduced market activity.

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 the current price but also provides insights into propyl paraben historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into propyl paraben 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

Q2 2024:

In the second quarter of 2024, the European propyl paraben market grew steadily due to rising production expenses and notable requirement from sectors including personal hygiene and pharmaceuticals. Supply networks were further strained by operational disruptions, especially the continuous problems brought on by the Houthi war, which increased transportation costs. Particularly in Germany, where the market saw the most noticeable shifts, these difficulties, along with rising energy costs and inflationary pressures, led to notable price rises. The demand for personal care goods increased as a result of seasonal consumption. Despite logistical and financial difficulties, the market remained generally optimistic throughout the quarter.

Q4 2023:

In Europe, particularly in Germany, the fourth quarter of 2023 began with a significant increase in propylparaben prices. The arrival of winter has escalated the product demand from various industries including food, cosmetic, and personal care industries. Rising costs of upstream materials, such as N-Propanol, and higher freight charges further supported the price rise. However, as the quarter progressed, prices faced a downward trend. Despite initial expectations of sustained demand, the market witnessed a decrease in activity as December approached. This led to a reduction in prices, as merchants adjusted their inventories in response to weaker demand and higher production costs. The end of the quarter reflected a shift from the earlier upward trend, influenced by reduced trade activity and market adjustments.

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

North America Propyl Paraben Price

Q2 2024:

In the second quarter of 2024, the propyl paraben market in North America saw continuous price increases propelled by growing demand from the food and beverage (F&B) industry, alongside supply networks disturbances and increasing import charges. Delays in shipments from key manufacturing areas, alongside higher shipping costs, played a pivotal role in pushing prices upward. The demand for preservatives in vulnerable food products throughout summertime further intensified market conditions, while a combination of currency devaluation and transportation challenges, such as the fall of the Baltimore Bridge, exacerbated the cost pressures. This culminated in a sustained optimistic price trend, fueled by robust purchasing activity, and constrained inventories.

Q4 2023:

In the fourth quarter of 2023, the market for propylparaben in North America experienced significant fluctuations. Prices initially rose due to strong demand from the personal care sector, driven by the winter season and increased consumer focus on personal well-being. Early in the quarter, economic indicators showed a robust U.S. economy, supporting a stronger dollar and increased business output. This was coupled with higher input costs and anticipated CPI increases, which further buoyed prices. However, as the quarter progressed, logistical challenges, including shipping delays and port congestion, began to impact the market. By December, prices fell sharply due to weakened purchasing sentiment and potential overproduction. The global supply surplus and competitive pricing among manufacturers led to a notable decline in prices by the year-end.

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

Q2 2024:

The market for propyl paraben in the Asia Pacific region remained stable in Q2 2024, influenced by balanced requirement from the beauty products, personal hygiene, and pharmaceuticals industries. China's market, in particular, saw slight price adjustments due to seasonal upticks in personal care items consumption. Despite some cross-border and operational issues, efficient stock control practices helped mitigate supply network disruptions, maintaining a relatively stable pricing environment. Raw material costs and feedstock availability remained consistent, preventing significant fluctuations. With increased demand during warmer weather, prices saw a moderate rise, indicating towards the region’s resilient market dynamics amidst external challenges.

Q4 2023:

The fourth quarter of 2023 witnessed fluctuating prices for propylparaben in the APAC region. The onset of cooler weather in October led to increased demand for propylparaben in skincare products, boosting prices. The stability in the 1-propanol feedstock market and consistent downstream consumption also supported a positive market outlook. As the quarter progressed, prices remained relatively high due to proactive stock management by suppliers. However, by December, a significant drop in propylparaben prices occurred. This decline was driven by reduced downstream consumption, fewer new orders, and year-end clearance activities by manufacturers. The combination of these factors led to a moderate reduction in prices, reflecting a downturn in market activity.

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..

Propyl Paraben Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Propyl Paraben Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” 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.

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.