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North America

In the final quarter of 2023, the North American Cyclopentane market encountered a combination of challenges and opportunities. Initially, there was a positive market sentiment driven by a Cyclopentane supply shortage and increased global demand from the refrigerant sector.

International demand, particularly from the Indian market, remained strong due to the upcoming festive season. However, as November progressed, North American Cyclopentane prices started to decline. The drop in prices was influenced by the decrease in the cost of essential raw materials such as Benzene and Crude Oil, leading to reduced production rates and lower energy costs in the country. Additionally, a rise in Cyclopentane inventories in the region contributed to the downward pressure on prices.

Persistent drought conditions in the Panama Canal and Maersk's decision to reroute vessels away from Red Sea routes, opting for navigation around Africa's Cape of Good Hope due to rebel attacks in the Red Sea, significantly increased tonne-miles. These strategic changes posed a multifaceted challenge for global trade, resulting in a surge in inventories at ports. The redirection of shipping routes and the subsequent increase in tonne-miles further complicated the dynamics influencing the Cyclopentane Prices, reinforcing an overall bearish trend during this period. Moreover, during this timeframe, demand from the domestic refrigerant market remained subdued as the peak seasonal demand had already passed. The intricate interplay of these factors led to a narrowed gap between demand and supply in the North American Cyclopentane market.

APAC

In Q4 2023, Cyclopentane pricing in the APAC region exhibited a mixed trend. Initially, prices declined due to subdued demand, but as the quarter progressed, a shortage of Cyclopentane supplies in China, coupled with renewed global demand from refrigerant sector, led to a price increase. Demand for Chinese Cyclopentane was firm from Indian refrigerant sector amidst forthcoming festive season. Further, as December unfolded heightened shipping rates from China, driven by trade uncertainties and Red Sea ship attacks, particularly impacted Cyclopentane prices in Asia, with China experiencing the most significant effects. Ongoing Red Sea ship attacks escalated ocean freight rates, raising concerns about inflation and delayed goods. Carriers, in an effort to avoid strikes by Iran-backed Houthi militants in Yemen, diverted trade away from the crucial Middle East route, connecting the Mediterranean Sea to the Indian Ocean. This created a multi-front storm for global trade, resulting in increased transportation costs. To safeguard profit margins, traders elevated prices for various commodities, including Cyclopentane. Notably, China's export container shipping price index rose by 2.3 percent month-on-month in December 2023, as reported by the Shanghai Shipping Exchange.


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Europe

In the European region, the Cyclopentane market exhibited bearish trends throughout the final quarter of 2023, reaching a culmination in December. This downturn was primarily driven by a decline in demand for Cyclopentane within both domestic and international refrigerant markets. The extended downturn in global crude oil prices further exacerbated these challenges. Declining price of essential raw material Benzene and Crude Oil prompted towards reduced production rates and energy cost thus exerting downward cost pressure on Cyclopentane prices. Further, the imposition of sanctions on Venezuelan Crude oil sales and exports played a role in influencing the global crude oil value, providing some relief to downstream industries. As the quarter unfolded, attacks on Red Sea trade by Yemeni rebels heightened concerns about the safety of maritime traffic in the region, leading to disruptions in Red Sea trade. These disruptions are anticipated to have a significant impact on global supplies of various commodities, including Cyclopentane. Shippers responded by imposing additional fees amidst the trade disruption in the Red Sea, prompting Asian consumers to exhibit hesitancy in making bulk purchases. Consequently, this situation has led to a notable increase in inventories within the European market. The intricate interplay of these factors contributed to a narrowed gap between demand and supply, reinforcing the overall downturn in the Cyclopentane market.

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Vitamin K2 Market will reach at a CAGR of 8.3% from to 2025

The global vitamin K2 Market size is USD 180.3 million in 2020 and is expected to register a CAGR of 8.3% during the forecast period (2020-2025).

Below information is analyzed in depth in the report-

Global Vitamin K2 Market Revenue, 2018-2023, 2024-2033, (US$ Millions)
Global Vitamin K2 Market Sales Volume, 2018-2023, 2024-2033, (Units)
Share of the top five Vitamin K2 companies in 2023 (%)
Market Growth Mapping

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Based on the product type, the vitamin K2 market has been segmented into –

MK-7
MK-4
Based on the source, the vitamin K2 market has been segmented into –

Natural
Synthetic
Based on the form, the vitamin K2 market has been segmented into –

Oil
Powder
Based on the application, the vitamin K2 market has been segmented into –

Nutraceutical & Food
Pharmaceutical




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Vitamin K2 Market Regional Analysis:

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North America (Revenue: USD Million; 2018-2033)

US
Canada
Mexico
Europe (Revenue: USD Million; 2018-2033)

Germany
France
K.
Italy
Spain
Russia
The Netherland
Poland
Belgium
Nordic Countries
Rest of Europe
Asia Pacific (Revenue: USD Million; 2018-2033)

China
Japan
South Korea
ASEAN
Australia & New Zealand
India
Rest of Asia
South America (Revenue: USD Million; 2018-2033)

Brazil
Argentina
Peru
Colombia
Rest of South America
Middle East & Africa (Revenue: USD Million; 2018-2033)

Turkey
Israel
Saudi Arabia
Egypt
UAE
Rest of the Middle East & Africa


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