Silicone Oil Price in USA
- United States: 2353 USD/MT
In the latter quarter of 2023, silicone oil prices in the United States settled at 2353 USD/MT.
The latest report by IMARC Group, titled “Silicone Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of silicone oil prices. This report delves into globally, presenting a detailed analysis, along with 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 the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Silicone Oil Prices December 2023:
- United States: 2353 USD/MT
- China: 3526 USD/MT
- Germany: 3654 USD/MT
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The study delves into the factors affecting silicone oil price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/silicone-oil-pricing-report/requestsample
Silicone Oil Price Trend- Last Quarter
The silicone oil market is primarily driven by its extensive applications across various industries. Silicone oil’s unique properties, such as high thermal stability, low surface tension, and resistance to oxidation, make it invaluable in diverse sectors including cosmetics, automotive, electronics, and industrial applications. The demand for silicone oil in the cosmetics industry is particularly strong, driven by its use in skincare and hair care products due to its smooth, non-greasy feel and conditioning benefits. In the automotive and electronics sectors, its heat-resistant and insulating properties are essential for high-performance applications. Additionally, the expanding use of silicone oil in high-end industrial applications, such as lubrication and thermal management, contributes to market growth.
Silicone Oil Industry Analysis
In Q2 2024, the North American silicone oil market experienced a notable downtrend in pricing. This decline was driven by a combination of factors including persistent oversupply from Asian suppliers and reduced demand from key sectors such as lubrication, cosmetics, and electronics. The market faced significant pressure from excessive inventory levels, high transport costs, and operational inefficiencies caused by plant shutdowns. In the USA, the market saw a dramatic price decline due to de-stocking activities and a slowdown in procurement, exacerbated by lower summer demand, reflecting a challenging environment characterized by excessive inventory and subdued demand. The consistent downward pressure highlights the market’s bearish sentiment and the impact of operational disruptions and high transportation costs on pricing stability.
Additionally, the silicone oil market in the APAC region has experienced significant price declines due to overproduction, high inventory levels, geopolitical tensions, and logistical challenges. South Korea was particularly affected, with prices dropping from the previous quarter. Seasonal factors and a subdued economic environment contributed to the bearish sentiment, further compounded by plant disruptions and temporary shutdowns of key facilities. This trend highlights the need for strategic adjustments to address market imbalances and logistical constraints. Besides this, Europe exhibited a bullish trend in Q2 2024, driven by the surge in crude oil prices, along with rising costs of upstream raw materials such as chloromethane, significantly impacting production costs. Additionally, high electricity costs and elevated freight charges added to the overall cost structure. The robust demand from the cosmetics and homecare sectors, buoyed by the onset of summer, further supported higher prices.
Regional Price 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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