Benzoyl Peroxide Price Trend and Forecast

Benzoyl Peroxide Regional Price Overview

Get the latest insights on price movement and trend analysis of Benzoyl Peroxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Benzoyl Peroxide Price Trend for the First Half of 2024

In the first half of 2024, the price trend for benzoyl peroxide (BPO) was influenced primarily by a substantial decline in public interest and demand following safety concerns raised by Valisure LLC's petition to the US FDA in March. The petition highlighted the presence of benzene, a harmful contaminant, in several BPO products, leading to a sharp decrease in consumer confidence and a corresponding drop in demand. This reduced demand contributed to a downward pressure on BPO prices during this period.
 

Benzoyl Peroxide Price Chart

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Market data indicated a significant drop in the relative search volume for BPO products, reflecting a broader shift in consumer behavior away from these products. While some BPO variants, such as BPO wash, exhibited variable interest patterns, the overall market sentiment remained weak, with notable declines in interest for major brands.

Given the weakened consumer demand driven by safety concerns and fluctuating market perceptions, the benzoyl peroxide market in the first half of 2024 experienced a trend of price stabilization in the early phase of the first quarter and then declined in the latter half, with prices remaining under pressure due to reduced market confidence and lower purchasing activity.

Analyst Insight

According to Procurement Resource, since consumer behavior has been drastically affected, Benzoyl Peroxide prices are not expected to recover anytime soon.
 

Benzoyl Peroxide Price Trend for the Second Half of 2023

In the second half of 2023, the price trend for benzoyl peroxide was closely tied to the behavior of its feedstocks, including benzene, which significantly impacted production costs. In Asia, prices initially declined due to reduced demand from key industries, such as pharmaceuticals and fertilizers, alongside a challenging supply environment. However, rising production costs for feedstocks like benzene later provided some upward pressure. Despite this, weak market sentiments and excess inventories by the end of the year kept the overall market trend bearish.

In Europe, the market for benzoyl peroxide also started on a downward note, influenced by decreased consumption in the fragrance and medicine sectors, compounded by the economic fallout from the Russia-Ukraine war, inflation, and high interest rates. Toward the end of 2023, improved feedstock prices, especially for benzene, helped stabilize the market, and an increase in downstream demand contributed to a more positive market outlook, showing signs of recovery despite ongoing supply chain challenges.

Analyst Insight

According to Procurement Resource, given the current uncertainties around global economic situations, the prices are not likely to show much improvement.
 

Benzoyl Peroxide Price Trend for the First Half of 2023

The Benzoyl Peroxide price trend depend greatly on its feedstock compounds, benzoyl chloride, and hydrogen peroxide. The market behavior of Benzoyl Peroxide in the first half of the year 2023 has been worrisome as the prices mostly tottered at the lower end of the price scale. Dull demands from the downstream personal care and cosmetic industries have caused the Benzoyl Peroxide market to struggle.

Though the quarter shift brought some relief, the general Benzoyl Peroxide market outlook remained unaffected. The long run of Covid 19 pandemic, high inflation, and other issues of global importance collectively brought down people’s purchasing capacities, so markets have been struggling to stand back up again. Overall, poor market sentiments were observed.

Analyst Insight

According to Procurement Resource, the Benzoyl Peroxide market is projected to behave in a similar manner in the coming months as well. The prices are not likely to improve anytime soon, though the market will strive for normalization.

Procurement Resource provides latest prices of Benzoyl Peroxide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.