Hexyl Salicylate Price Trend and Forecast

Hexyl Salicylate Regional Price Overview

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

Hexyl Salicylate Price Trend for the Second Half of 2023

Hexyl salicylate, an ester commonly used in the fragrance industry, is primarily propelled by the cosmetics, personal care, and fragrance sectors, where it serves as a key ingredient for imparting floral and fruity scents to various products. Additionally, hexyl salicylate finds applications in sunscreen lotions and other skincare formulations due to its UV absorption properties. As consumer preferences evolve towards natural and long-lasting fragrances, the demand for hexyl salicylate continues to grow steadily in the global market.
 

Hexyl Salicylate Price Chart

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In Asia, particularly in India, the sluggish beginnings of the H2 of 2023 were caused by the surplus inventories. However, soon, these feeble dynamics transitioned into a robust rebound fueled by increased market demand. European market trends of hexyl salicylate, on the other hand, were characterized by fluctuation, influenced by oscillations in the cost of feedstock hexanol and salicylic acid. Similarly, North America witnessed modest price fluctuations, predominantly leaning toward the positive side.

The market's favorable outlook came in the form of quickly exhausting inventories and slowly rising demand for hexyl salicylate. The derivatives of hexyl salicylate are popularly known for their antimicrobial and antifungal properties, garnering heightened interest from the personal care and cosmetic industries globally.

Analyst Insight

According to Procurement Resource, the price trend of Hexyl Salicylate is estimated to showcase stability on the back of the stable cost of feedstock materials and a rise in the momentum of downstream industries in the upcoming quarters.
 

Hexyl Salicylate Price Trend for the First Half of 2023

The price trend for Hexyl Salicylate exhibited mixed behaviour in the said period of H1 2023. Prices followed the feedstock market of Hexanol and Salicylic Acid.

Hexyl Salicylate saw an upturn in the Chinese market as the market gained momentum in the post-lockdown era. Fresh demands arrived as people got more aware of air quality and cleanliness because of the pandemic. So, the market offtakes rose from downstream air quality industries. Given the occasional disturbances, prices observed high swinging patterns.

Similarly, the European and American markets thawed a little after a jerky disruption because of the Russia – Ukraine conflict in the European backyard. As the supply chains started restoring and energy routes also restructured, some progress towards stability was experienced. Overall, the Hexyl Salicylate market stayed steady, following the Chinese market, as the cheaper Asian imports enjoyed better access now.

Analyst insight

According to Procurement Resource, the price trend for Hexyl Salicylate will likely remain unsettled in the coming quarter, given the current pricing fundamentals. The uncertain demands will continue to drive the Hexyl Salicylate market.

Procurement Resource provides latest prices of Hexyl Salicylate. 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.