In the Asian market, Isophthalic Acid witnessed mixed price patterns during H1 2023. Prices initiated strongly in January, boosted by upstream and feedstock cost support, despite modest demand improvement. However, shifting into the next quarter, lacklustre demand dominated, and prices declined. The European market paralleled the Asian trends, with Isophthalic Acid prices influenced by port congestion and freight costs, which improved as H1 progressed, but failed to offer substantial support. Similarly, the North American market, recovering from port strikes, encountered descending prices due to sluggish demand despite initial stabilization.
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Definition
Isophthalic Acid is a chemical compound commonly used in the production of various polymers and plastics. It plays a vital role in creating polyester resins, fibers, and films, offering durability and chemical resistance. Isophthalic Acid is an essential component in industries such as textiles, packaging, automotive, and construction.
Key Details About the Isophthalic Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Isophthalic Acid in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Isophthalic Acid Price chart, including India Isophthalic Acid price, USA Isophthalic Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Isophthalic Acid Price Trend:
Isophthalic Acid finds crucial applications across industries, primarily as a key ingredient in manufacturing polyester resins, fibers, and films. It contributes to the creation of durable textiles, packaging materials, automotive parts, and construction components due to its exceptional chemical resistance and structural integrity, catering to diverse industrial sectors.
Key Players:
- LOTTE Chemical
- Beijing Yanshan Petrochemical
- Mitsubishi Gas Chemical
- Indorama
- Formosa
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