Behenyl Alcohol Price Forecast Report 2024-2025 | Price Trend, Latest Prices, Market Analysis, News, Chart, Demand, Extensive Forecast, Historical and Forecast Data

Behenyl Alcohol Price Forecast

The behenyl alcohol markets are projected to fluctuate in the coming times in the international markets. The year 2024 started on a firm note as the prices increased initially owing to supply shortages. However, with the evolving supply chain dynamics, the prices are expected to dip temporarily, only to rebound in the long term. The demand trajectory looks supportive of the behenyl alcohol pricing outlook for the year 2024.

Market Dynamics

The current market dynamics for behenyl alcohol point towards an upswing in market prices during Q2-24 with a rise of about 7% Q-O-Q. This increase is primarily propelled by heightened demand from the downstream HPC sector. This uptick is rooted in the foreseen demand patterns and sector-specific influences that are expected to shape pricing dynamics in the long run as well. However, behenyl alcohol prices are expected to decrease by approximately 2.5% in comparison to Q2 in the upcoming quarter. The supply influx is continuously exceeding demands, and thus, the surplus amounts are mounting up for behenyl alcohol and other fatty alcohols as well. With the onset of the new crop season, the impending decline in feedstock vegetable oil seed prices is also exerting a temporary downward pressure on behenyl markets. The feedstock availability is ample and is expected to influence the market dynamics significantly.

Annual Outlook for Behenyl Alcohol Industry

The annual pricing outlook for behenyl alcohol looks largely positive for the year 2024. With some occasional short-term dips, the prices are likely to escalate for the majority of the said period.  Behenyl alcohol prices anticipate a surge with the rise in demand from the end-use sectors. Furthermore, escalating raw material prices, attributed to supply constraints, will also drive the prices upwards. The European manufacturing units are struggling to procure feedstock vegetable oils like palm and coconut from the exporter Asian nations. The Houthi attacks on the ships in the Red Sea are seriously restricting the maritime trade between these two regions.

According to the latest estimates from the International Monetary Fund (IMF), trade volume through the Suez Canal has plummeted by 50% compared to the same period last year. In a related development, trade through the Panama Canal has decreased by nearly 32% due to severe drought conditions that have led to governmental restrictions on transit volumes. These disturbances are causing serious supply concerns and are thereby pushing the price projections up for behenyl alcohol. In a related development, Evonik has inaugurated a new bio-surfactant production facility in Slovakia, marking a significant advancement in the sustainable manufacturing sector. This facility, representing a major investment in the triple-digit millions, is the first of its kind globally to produce rhamnolipid bio-surfactants on an industrial scale. Overall, an optimistic pricing outlook is anticipated for behenyl alcohol moving forward in the year 2024.

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Historical Price Data and Analysis:

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