Phenol Prices: Latest Chart, Historical & Forecast Data

The latest IMARC Group report, "Phenol Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition," presents a detailed analysis of price trends, offering key insights into global market dynamics. This report includes a comprehensive Phenol Price Chart, which traces historical data and highlights major shifts in the market. The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the price report uncovers critical factors influencing current and future prices.

For strategic planning, the report provides Phenol price forecasts, allowing businesses to anticipate price shifts and make informed decisions about procurement and investment. The forecast draws on historical data, market trends, and key economic indicators, ensuring a reliable outlook for stakeholders. Additionally, the inclusion of the price index offers a broader view of market performance over time, providing a valuable benchmark for evaluating market trends. With these insights, the report equips industry stakeholders with the tools needed to navigate the complex global market and optimize their strategies in response to evolving conditions.

Phenol Prices Second Quarter 2024:

United States: 1082 USD/MT
Japan: 947 USD/MT
Germany: 1571 USD/MT

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The study examines the key factors driving Phenol price variations, focusing on shifts in raw material costs, the balance between supply and demand, and the impact of geopolitical influences. It also considers sector-specific developments that play a critical role in shaping market prices. By analyzing these elements, the report offers valuable insights into the underlying causes of Phenol price fluctuations, helping businesses and investors understand market behavior more effectively.

In addition, the report provides the latest market updates, ensuring stakeholders are informed about recent fluctuations, regulatory changes, and technological advancements. This comprehensive resource equips decision-makers with the necessary tools to enhance their strategic planning and improve forecasting accuracy. Through this analysis, the report becomes an indispensable asset for anyone looking to navigate the complexities of the Phenol market and optimize future strategies.

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Key Highlights of the Phenol Price Trend:

The phenol prices are experiencing robust growth, driven by its widespread use in the production of bisphenol-A (BPA), a key component in polycarbonate plastics and epoxy resins. These materials are in high demand across industries such as automotive, electronics, and construction, where they provide durability and versatility. The market is also benefiting from rising demand for phenolic resins, which are used in adhesives, laminates, and insulation materials. Technological advancements in production processes have improved the efficiency and cost-effectiveness of phenol manufacturing. Additionally, the growing focus on lightweight materials in the automotive and aerospace sectors is contributing to the rising demand for phenol-based products, ensuring strong market growth prospects.

Factors Influencing Phenol Price Trend Across the Regions:

In North America

The North American phenol prices had a noteworthy upswing in Q2 2024, propelled by various factors. Crude prices continued to rise as the fuel-producing nations (OPEC) and its potential partners, or OPEC+, practiced a strong expansion projection for the world's oil consumption. This pattern was also influenced by the demand for increased gasoline use in summertime. Furthermore, the gradual increase in demand from the building downstream sector firms contributed to the upstream trend.

In the Asia Pacific

The Asia-Pacific industry recorded massive gains in Q2, driven by tight supply and growing requirement from major end-use sectors. Higher phenol costs were partly due to rising raw material costs, influenced by higher prices resulting from international issues. Production curtailments and trade restrictions led to widespread supply shortages, while careful spending behavior and smaller order volumes showed caution toward engage with elevated rates. However, increased production costs and a resurgence in purchasing after holiday slowdowns helped sustain overall trading activity.

In Europe

Phenol prices in Europe had a variable pattern in Q2 2024 due to multiple market-influencing factors. The quarter began with lower upstream phenol procurement due to sluggish downstream industry demand, such as Bisphenol A. Manufacturers decreased their price offers as a result. The difficulty in increasing Phenol pricing was partly caused by Benzene's poor cost support upstream.

Overall, Price Trend and Regional Prices Analysis:

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.

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.