In the first half of 2024, the pricing outlook for carbomers, key thickeners, and stabilizers used in pharmaceuticals and cosmetics was closely tied to the fluctuating dynamics of the acrylic acid market, their primary raw material. The beginning of the year saw muted activity in the acrylic acid market, with weak demand and controlled supply keeping prices stable despite fluctuations in crude oil and feedstock costs. Suppliers in China adopted a cautious approach, limiting bulk purchases to manage market conditions, which led to a slight price improvement by the end of Q1. Moving into Q2'24, the market saw a brief price increase driven by strong downstream demand and tight supply.
However, this momentum was short-lived as declining propylene prices, reduced overall production costs, stabilizing carbomer prices. Despite some production shutdowns and supply chain challenges, the market's slow growth led to sellers offering discounts to maintain demand. Carbomers followed a price pattern of initial increases followed by stabilization. As H1'24 progressed, the carbomer market remained cautious, with prices reflecting the broader uncertainties and dynamics of the acrylic acid sector.