The latest report by IMARC Group, titled "Maleic Acid Prices Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Price Trend. This report delves globally, presenting a detailed analysis, along with an informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasts, making this report an invaluable resource for industry stakeholders.
Maleic Acid Prices by the End of The Last Quarter:
- United States: 1875 USD/MT
- China: 1736 USD/MT
- Belgium: 2813 USD/MT
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Key Details About the Maleic Acid Price Trend
The maleic acid market is primarily fueled by its growing demand in the food and beverage sector, where it is valued for enhancing flavor and extending shelf life. It is widely used in products such as fruit juices, soft drinks, and candies to add a tart flavor. Additionally, maleic acid is increasingly popular in skincare products, known for its benefits in moisturizing and rejuvenating the skin, appealing to the expanding personal care market. The trend toward healthier living also plays a part, with maleic acid being used in dietary supplements to boost energy and stamina. Furthermore, the global rise of the convenience food industry has driven up demand for food additives like maleic acid, which help preserve food quality and flavor. These varied applications across industries are the key drivers behind the market's growth.
Factors Affecting Maleic Acid Prices in the Last Quarter
North America:
In Q2 2024, the North American market for maleic acid remained stable, with balanced demand and supply keeping prices steady. This equilibrium was supported by consistent production levels and well-managed inventory, along with strong demand from core sectors. Positive consumer sentiment and favorable economic conditions contributed to a calm pricing environment without significant fluctuations.
Asia-Pacific:
In the Asia-Pacific region, the maleic acid market faced significant challenges in Q2 2024, particularly in China, where prices dropped sharply. This decline was due to an oversupply and weakened demand caused by economic slowdowns and changing consumer preferences. Additionally, logistical disruptions and geopolitical tensions further strained the market, contributing to volatile price movements.
Europe:
In Europe, the maleic acid market experienced both stability and sudden price spikes during Q2 2024. For most of the quarter, prices remained steady due to balanced supply and modest demand. However, an unexpected surge in demand toward the end of the quarter, driven by speculative trading, caused a sharp rise in prices, highlighting the region's potential for unpredictable pricing shifts.
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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