Isophthalic Acid Production

Demystifying Isophthalic Acid Price Trends: Insights and Analysis

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.

Request Free Sample –  https://www.procurementresource.com/resource-center/isophthalic-acid-price-trends/pricerequest

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 Trends:

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 Trends, 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 Trends:

Price Trends Graph
Price Trends Graph

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

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Chris Byrd
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA