The Asian market for oxybenzone began the year on a cautiously optimistic note. The influence of rising crude oil prices initially buoyed the market, with producers experiencing consistent demand from the cosmetics and skincare industries. However, as the first quarter progressed, a noticeable fluctuation emerged, attributed to supply chain constraints and variable production levels.
By the second quarter, demand stabilized due to increased activity in the personal care sector, although a mix of moderate purchasing interest and limited domestic supply tempered any significant price spikes. Overall, the regional trend reflected a balance between buoyancy and fluctuation as the market adjusted to changing supply conditions.
Europe
In Europe, oxybenzone prices demonstrated a mixed performance throughout H1 2024. The market faced challenges due to geopolitical tensions affecting trade routes, which complicated the supply of raw materials. Despite these obstacles, downstream demand from the cosmetic and pharmaceutical sectors remained steady, helping to maintain a semblance of stability in prices. While there were moments of price growth linked to the rising costs of upstream materials, overall market performance was characterized by cautious optimism. The oscillation in prices suggested that while some segments were buoyant, others remained constrained by external pressures.
North America
The North American oxybenzone market presented a different narrative. The first quarter saw a decline in prices, driven by logistic issues and reduced demand from various consumer sectors. As the second quarter approached, however, there was a modest recovery as downstream industries began to ramp up production in anticipation of seasonal demand. Yet, the market remained sensitive to fluctuations in raw material costs, leading to a pattern of stabilization rather than outright growth. The conflicting trends within the region indicated that while some areas showed signs of improvement, others were still grappling with ongoing challenges.
Analyst Insight
According to Procurement Resource, Looking ahead, market analysts anticipate that the trends for oxybenzone will remain closely tied to the broader economic indicators, including feedstock costs and downstream demand. As various regions navigate their unique challenges, the overall outlook suggests a continuation of mixed sentiments.
Procurement Resource provides latest prices of Oxybenzone. 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.
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Oxybenzone, also known as benzophenone-3, is a chemical compound widely used as a UV filter in sunscreen and cosmetic products. It absorbs UVB and short UVA rays, helping to protect the skin from sun damage. Beyond personal care, oxybenzone serves as a photostabilizer in plastics, coatings, and adhesives, preventing degradation from UV exposure. While effective, its use has raised environmental concerns, particularly regarding its impact on coral reefs and marine life, leading to regulatory scrutiny in some regions. Overall, oxybenzone plays a crucial role in various industries, balancing efficacy and safety.
C14H12O3
Benzophenone-3
Sunscreen Formulation, Cosmetic Products, Skin Care Products, Hair Care Products, Photostabilizer in Plastics, UV Absorber in Coatings, Adhesives and Sealants, Pharmaceuticals
Chitec Technology Co., Ltd, ADEKA Corporation, Everspring Chemical Co., Ltd, Bioray Chemical Co., Ltd, SONGWON Industrial Group, Rianlon Corporation, Clariant AG, BASF, Everlight Chemical Industrial Corp
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Oxybenzone Production by the Friedel-Craft reaction. The production process is initiated by the chemical reaction between benzoyl chloride and 3-methoxyphenol. The reaction is carried out in the presence of a Lewis-acid catalyst, such as aluminium chloride, which results in the production of oxybenzone as the final product.
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