Hexamethylene Diisocyanate Prices, News, Chart, Monitor and Forecast

Hexamethylene Diisocyanate (HDI) Price in Germany

• Germany: 4587 USD/MT

The HDI price trend for Germany in Q4 of December 2023 reached 4587 USD/MT. 

The latest report by IMARC Group, titled "Hexamethylene Diisocyanate (HDI) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of hexamethylene diisocyanate 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.

Hexamethylene Diisocyanate (HDI) Prices Analysis:

• Germany: 4587 USD/MT

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The study delves into the factors affecting hexamethylene diisocyanate (HDI) 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.

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Hexamethylene Diisocyanate (HDI) Price Trend- Last Quarter

The hexamethylene diisocyanate (HDI) market is primarily driven by its crucial role in the production of high-performance polyurethane coatings, which are extensively used in the automotive, aerospace, and construction industries. The growing demand for durable and protective coatings that provide superior resistance to chemicals, abrasion, and weathering is a significant factor propelling HDI's market growth. In the automotive sector, the need for high-quality, glossy finishes and robust protection drives the use of HDI-based coatings. Similarly, the aerospace industry relies on these coatings for their ability to withstand harsh environmental conditions and improve the longevity of aircraft components.

Additionally, the expanding construction industry demands advanced protective coatings for buildings and infrastructure, further boosting HDI consumption. The increasing emphasis on environmental sustainability and the development of low-volatile organic compounds (VOC) and eco-friendly coatings enhance the market appeal of HDI, as it enables the production of compliant products. Technological advancements in coating formulations and the rising trend of lightweight and energy-efficient materials also contribute to the growing HDI market.

Hexamethylene Diisocyanate (HDI) Industry Analysis

In Q4 2023, North American hexamethylene diisocyanate (HDI) prices declined due to weak demand and sluggish manufacturing in the polyurethane segment. The automotive industry's reduced demand, exacerbated by the United Automobile Workers (UAW) strike, contributed to this trend. Lower upstream butadiene costs and stabilized crude oil prices also reduced cost support. Decreased cargo rates due to low water levels impacted trading and increased domestic inventories. In line with this, the rise of bio-based polyurethane alternatives negatively affected the petrochemical-based polyurethane and Isocyanates market, maintaining a bearish price trend. Besides this, the Asia-Pacific HDI market experienced consistent price declines due to low to moderate demand and reduced manufacturing activities. Falling upstream, butadiene and crude oil prices lowered production costs while production rates remained steady.

However, HDI demand improved in the polyurethane segment as the regional wood furniture market and PU foam consumption in the manufacturing sector picked up pace. Along with this, Europe's market saw declining prices due to low demand from the polyurethane segment and sluggish manufacturing activities. Adequate supply and a shift towards bio-based polyurethane materials further reduced demand. Throughout the quarter, consistent shipping rates kept supply stable, but the eurozone manufacturing Purchasing Managers' Index (PMI) indicated sector contraction. The end of the quarter saw decreased demand for wood furniture due to a housing bubble burst, leading to reduced polyurethane foam consumption.

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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