Sodium Methyl Paraben Prices December 2023
Product
|
Category |
Region |
Price |
Sodium Methyl Paraben |
Specialty Chemical |
USA |
6715 USD/MT |
Sodium Methyl Paraben |
Specialty Chemical |
China |
6005 USD/MT |
Sodium Methyl Paraben |
Specialty Chemical |
Germany |
6795 USD/MT |
The sodium methyl paraben prices in the United States for Q4 2023 reached 6715 USD/MT in December. The market saw a volatile fourth quarter in 2023, initially driven by high demand and rising raw material costs. However, a shift occurred as excess inventory and a downturn in methanol prices led to significant price drops, reflecting broader economic influences and a dynamic market environment throughout the period.
The price trend for sodium methyl paraben in China for Q4 2023, reached 6005 USD/MT in December. China's market encountered significant pricing challenges in the fourth quarter of 2023. Early price increases due to robust demand were offset by a major decline as economic recovery slowed. Additionally, falling methanol costs and excess supply led to reduced prices, marking a complex period for suppliers adjusting to shifting market conditions.
The price trend for sodium methyl paraben in Germany for Q4 2023, reached 6795 USD/MT in December. Germany's market faced marked price adjustments in the fourth quarter of 2023. Initially impacted by reduced demand and excess inventory, the market saw further price declines due to falling methanol costs. The overall environment remained restrained, with moderate demand and supply dynamics shaping the market landscape by the end of the quarter.
Sodium Methyl Paraben Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Sodium Methyl Paraben Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of sodium methyl 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 sodium methyl paraben at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of sodium methyl paraben price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing sodium methyl 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.
Sodium Methyl Paraben Market Analysis
The global sodium methyl paraben market size reached 80 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 106.2 Thousand Tonnes, at a projected CAGR of 3.20% during 2023-2032.
- The increasing demand for sodium methyl paraben across various industries represents one of the key factors influencing the growth of the market across the globe. Sodium methyl paraben serves as an essential ingredient in the formulation of pharmaceuticals, cosmetics, and food products to extend their shelf life, which driving its demand and consequently contributing to the market growth.
- The expanding cosmetic industry, especially in developing economies, is boosting the demand for preservatives such as sodium methyl paraben. The ability of sodium methylparaben to prevent microbial growth helps maintain the quality and safety of skincare and beauty products. According to an article published by India Brand Equity Foundation (IBEF) in December 2023, the global cosmetics industry is expected to reach US$ 450 Billion by 2025, with India constituting 5% of the total market share at the global level. Such significant expansion both at the global and national levels are expected to drive the demand for ingredients such as sodium methyl paraben, thereby contributing to the overall market growth.
- The growing demand for products with longer shelf life, especially in the food and beverage (F&B) sector is acting as a major growth-inducing factor in the market. According to the Times of India, increased urbanization in India has propelled the growth of the country’s food processing industry with its domestic processing capacity reaching 20 million metric tons since 2014, following efforts by the government to modernize the agro-industry ecosystem, presenting increasing opportunities to foreign investors and startups in the process. Furthermore, production-linked incentive scheme for India’s food processing sector has been in operation since the fiscal year FY2021-22 up to FY2026-27, approved by the Union Cabinet on 31st March 2021 with the budget provision of rupees 10,900 crores. This directly contributes significantly to the expansion of the food and beverage industry, which, in turn, drives the demand for sodium methyl paraben.
- The rising demand for effective preservatives to ensure product safety for topical and oral medication in the pharmaceutical industry is supporting the use of sodium methyl paraben, thereby facilitating the growth of the market across the globe.
Sodium Methyl Paraben News
The report covers the latest developments, updates, and trends impacting the global sodium methyl 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 sodium methyl paraben production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the sodium methyl paraben price trend.
Latest developments in the sodium methyl paraben industry:
- In May 2023, IMCD N.V. (“IMCD” or “Company”), a leading distributor of speciality chemicals and ingredients, announced that IMCD Israel has acquired the import and distribution business of Tagra Biotechnologies Ltd. (“Tagra Distribution Division”), a leading distributor and supplier of cosmetic raw materials and ingredients for the beauty and personal care industry.
- In March 2022, Sharon Laboratories, Ltd., a leading global innovator and manufacturer of preservative solutions for the cosmetics and personal care market, announced that it has signed a definitive agreement to acquire specialty ingredient producer RES Pharma Industrial based in Trezzo sull’Adda, Italy (RPI). The acquisition of RPI, whose technology and research and development (R&D), manufacturing and commercial development, and customer service capabilities will be integrated into the personal care business of Sharon laboratory.
Product Description
Sodium methyl paraben or sodium methyl P-hydroxybenzoate refers to a sodium salt form of methylparaben, an extensively employed preservative in the cosmetic, pharmaceutical, and food industries. This compound is valued for its antimicrobial properties, primarily against bacteria and fungi, which help extend the shelf life of different products. Sodium methyl paraben is incorporated to prevent the growth of microbes in cosmetics and personal care products such as lotions, creams, and shampoos, ensuring they remain safe and effective for use over extended periods. It also solves a similar rule in the pharmaceutical sector by preserving the sterility and efficacy of medications. Sodium methyl parabens is used in some food products as a preservative to prevent spoilage and maintain quality. The effectiveness and solubility of sodium methyl parabens in water make it a popular choice for many formulations requiring preservation.
Regional Coverage
The report provides a detailed analysis of the sodium methyl 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 sodium methyl paraben price trend.
Global Sodium Methyl Paraben Price
The report offers a holistic view of the global sodium methyl paraben pricing trends in the form of sodium methyl 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 sodium methyl paraben historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into sodium methyl 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 sodium methyl 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 Sodium Methyl Paraben Price
Throughout the Q42023, the product prices in Europe experienced notable shifts due to various market pressures. At the start of October, the region faced reduced demand, resulting in stock surpluses and downward price adjustments. Expectations of increased inquiries from end-use industries led to excess stockpiling, which, combined with decreased methanol prices, drove production costs lower. These savings were transferred to buyers, further pushing rates down. By December, the market was characterized by modest supply and fluctuating demand, as prices experienced the most significant reductions. The overall quarter saw the market navigating a challenging landscape of declining prices and shifting inventory strategies.
This analysis can be extended to include detailed sodium methyl paraben 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 Sodium Methyl Paraben Price
In North America, the sodium methyl paraben prices saw considerable volatility in Q42023, driven by multiple factors impacting the supply and pricing. Early October witnessed a hike in product demand from various end-user sectors, pushing prices upward and limiting supply as raw material costs surge. Additionally, several factors like inflation and rising costs of energy, further influenced market dynamics, leading to higher prices initially. However, by the end of October, an oversupply, compounded by falling methanol prices and reduced international demand, led to a market downturn. This trend persisted throughout the quarter, marking a challenging period for the industry.
Specific sodium methyl paraben 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 Sodium Methyl Paraben Price
The report explores the sodium methyl 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 sodium methyl paraben 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 Sodium Methyl Paraben Price
In the Asia Pacific region, the sodium methyl paraben prices faced substantial fluctuations during Q4 2023. Early in the quarter, prices climbed owing to a spike in end-users demand and limited methanol supply. This surge, partly driven by seasonal buying patterns and strategic bulk purchases, caused producers to adjust prices upward to manage costs. However, by November, demand declined sharply, leading to an oversupply and following price drops, exacerbated by a slow economic recovery in the Chinese region. Falling methanol prices also added to the downward trend, reflecting broader challenges across the market and leading to reduced output and stock adjustments by manufacturers.
This sodium methyl paraben 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 Sodium Methyl Paraben Price
The analysis of sodium methyl 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.
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 |
Sodium Methyl Paraben |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Sodium Methyl Paraben 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 |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
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
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
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 sodium methyl 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 sodium methyl 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 sodium methyl paraben price charts ensure our clients remain at the forefront of the industry.