Price & Demand Analysis

The prices of all major chemicals, such as thermoset resins, thermoplastic resin, and packaging materials, decreased in Q1 2026 as compared to Q1 of 2025. In Q1 2026, prices of thermoset resins, thermoplastic resin, and packaging materials decreased by 3.

In metals, the demand for aluminum increased by 1.2% in Q1 2026 as compared to the same quarter of the previous year. However, steel demand declined by 6.5% in Q1 2026 as compared to Q1 2025 due to slower construction

Prices of composites materials such as glass fiber, SMC, and UPR declined except carbon fiber and epoxy resin in Q1 2026 as compared to Q1 2025. Glass fiber price declined by 10.3%, SMC price decreased by 11.3%, and prices of

Prices of composites materials, including glass fiber, carbon fiber, SMC, and UPR declined, except epoxy resin price that saw an increase, in Q4 2025 as compared to Q4 2024. Glass fiber price declined by 2.5%, carbon fiber price down by

In metals, the demand for aluminum and steel declined by 33.4% and 4.3% respectively in Q4 2025 as compared to the same quarter of the previous year. The metal demand declined in Q4 2025 due to a combination of seasonal weaknesses, significant

The prices of all major chemicals, such as thermoset resins, paints & coatings, adhesives and sealants, and, packaging materials, increased in Q4 2025 as compared to Q4 of 2024. In Q4 2025, prices of thermoset resins, packaging materials, adhesives &a

In metals, the demand for aluminum increased by 0.8% in Q3 2025 as compared to the same quarter of the previous year. However, steel demand declined by 0.9% in Q3 2025 as compared to Q3 2024 due to weak manufacturing volumes,

Prices of composites materials, including glass fiber, carbon fiber, SMC, and UPR declined, except epoxy resin price that saw an increase, in Q3 2025 as compared to Q2 2024. Glass fiber price declined by 3.2%, carbon fiber price down by 2.5%,

The prices of all major chemicals, such as Thermoset resins, paints & coatings, adhesives and sealants, and, packaging materials increased in Q3 2025 as compared to Q3 of 2024. In Q3 2025, prices of thermoset resins, packaging materials, adhesives &am

Prices of composites materials, including glass fiber, carbon fiber, SMC, and UPR declined, except epoxy resin price that saw an increase, in Q2 2025 as compared to Q2 2024. Glass fiber price declined by 5.0%, carbon fiber price down by 6.6%,

The prices of all major chemicals, such as thermoplastic resins, packaging materials, adhesives and sealants, and paints & coatings, increased in Q2 2025 as compared to Q2 of 2024. In Q2 2025, prices of thermoplastic resins, packaging materials,

In metals, the demand for aluminum increased by 1.6% in Q2 2025 as compared to the same quarter of the previous year. However, steel demand declined by 3.4% in Q2 2025 as compared to Q2 2024 due to weak manufacturing volumes,

In metals, the demand for aluminum declined by 33.5% and steel demand declined by 4.8% in Q1 2025 as compared to the same quarter of the previous year. Aluminum demand declined due to a combination of factors, including rising alumina

The prices of all major chemicals, such as thermoplastic resins, packaging materials, adhesives and sealants, and paints & coatings, increased in Q1 2025 as compared to Q1 of 2024. In Q1 2025, prices of thermoplastic resins, packaging materials, adhes

Prices of composites materials, including glass fiber, carbon fiber, SMC, and epoxy resin increased, except UPR price that saw a decline, in Q1 2025 as compared to Q1 2024. Glass fiber price increased by 23.7%, carbon fiber price grew by

The prices of all major chemicals, such as packaging materials, adhesives and sealants, and paints & coatings increased in Q4 2024 as compared to Q4 of 2023. In Q4 2024, prices of  packaging materials, adhesives & sealants, and  paints &

In metals, the demand for aluminum increased by 2.7% and steel demand grew by 2.8% in Q4 2024 as compared to the same quarter of the previous year. Aluminum demand grew driven by EVs and aluminum replacing plastic and glass

Prices of composite materials, including glass fiber, carbon fiber, UPR, and SMC increased, except epoxy resin’s price that saw a decline, in Q4 2024 as compared to Q4 2023. Glass fiber price increased by 9.8%, carbon fiber price grew by

The prices of all major chemicals, such as adhesives and sealants, thermoplastic resins, and packaging materials, increased in Q3 2024 as compared to Q3 of 2023. In Q3 2024, prices of adhesives & sealants, thermoplastic resins, and packaging materials

In metals, the demand for aluminum increased by 2.1% in Q3 2024 as compared to the same quarter of the previous year. However, steel demand declined by 4.2% in Q3 2024 as compared to Q3 2023 due to weak manufacturing

Prices of composite materials, including glass fiber, carbon fiber, UPR, and SMC increased, except epoxy resin’s price that saw a decline, in Q3 2024 as compared to Q3 2023. Glass fiber price increased by 1.6%, carbon fiber price grew by

In metals, the demand for aluminum increased by 4.2% in Q2 2024 as compared to the same quarter of the previous year. While steel demand declined by 0.5% in Q2 2024 as compared to Q2 2023 due to macro headwinds

The prices of all major chemicals such as thermoplastic resins, thermoset resins, and paints & coatings declined in Q2 2024 as compared to Q2 of 2023. In Q2 2024, thermoset resins price declined by 8.2% and prices of thermoplastic resins

Prices of composite materials, including glass fiber, carbon fiber, epoxy resin, and SMC, declined in Q2 2024 as compared to Q2 of 2023. Glass fiber price declined by 8.9%, carbon fiber price declined by 11.6%, epoxy resin price declined by

In metals, the demand for aluminum increased by 5.4% in Q1 2024 as compared to the same quarter of the previous year. While steel demand declined by 1.3% in Q1 2024 as compared to Q1 2023 due to macro headwinds

Prices of composite materials, including glass fiber, carbon fiber, epoxy resin, UPR, and SMC, declined in Q1 2024 as compared to Q1 of 2023. Glass fiber price declined by 19.5%, carbon fiber price declined by 24.6%, epoxy resin price declined

The prices of all major chemicals such as thermoplastic resins, thermoset resins, and paints & coatings declined in Q1 2024 as compared to Q1 of 2023. In Q1 2024, thermoset resins price declined by 13.1% and prices of thermoplastic resins

The prices of all major chemicals such as thermoplastic resins, thermoset resins, and paints & coatings declined in Q4 2023 as compared to Q4 of 2022. In Q4 2023, thermoset resins price declined by 12.7% and prices of thermoplastic resins

In metals, the demand for aluminum increased by 3.8% and steel demand grew by 1.0% in Q4 2023 as compared to the same quarter of the previous year. In terms of demand for composite materials, glass fiber demand grew by

Prices of composite materials, including glass fiber, carbon fiber, epoxy resin, UPR, and SMC, declined in Q4 2023 as compared to Q4 of 2022. Glass fiber price declined by 21.8%, carbon fiber price declined by 29.9%, epoxy resin price declined

Demand / Growth Analysis of Metals and Composites

Pricing Analysis of Chemicals and Composites

Pricing Analysis of Metals and Composites 

Prices of composite materials, including carbon fiber, glass fiber, and SMC, increased in Q4 2022 as compared to Q4 of 2021, while that of epoxy resin and UPR resin declined. Carbon fiber price increased by 19% and prices of glass

In metals, the demand for aluminum increased by 4% and that of steel declined by 5% in Q4 2022 as compared to the same quarter of the previous year. In terms of demand for composite materials, glass fiber demand declined

In Q4 2022, the prices of all major chemicals such as thermoset resins, paints & coatings, adhesives and sealants, and packaging materials increased in Q4 2022 as compared to Q4 of 2021, excepting that of thermoplastic resins declined. Thermoset resin

The global demand for SMC decreased by 2.0% in Q3 2022 as compared to Q3 2021. Demand for SMC declined due to underperforming end use industries; housing starts declined due to increased interest rates, RV sales are way down from

The global demand for carbon fiber increased by 7.0% in Q3 2022 as compared to Q3 2021. Demand for carbon fiber was driven by increased commercial aircraft deliveries and increased demand of lightweight materials in the wind energy and sporting

The global demand for epoxy resins in the composites industry increased by 2.5% in Q3 2022 as compared to Q3 2022. The increase in the epoxy resin market in Q3 2022 is mainly due to the increased demand in the

The global demand for UPR decreased by 2.5% in Q3 2022 as compared to Q3 2021. The UPR demand declined due to declined demand from end use industries, like construction, RV, and marine, which are performing very poorly, from a

Globally, the production of steel decreased by 2.4% in Q3 2022 as compared to Q3 2021. Global steel production went down in Q3 2022 due to persisting inflation, US monetary tightening, China’s economic deceleration, and the consequences of Russia&nd

Global production of aluminum increased by 3.5% in Q3 2022 as compared to Q3 2021. China is the world's largest producer of aluminum; the global production growth was mainly due to an increased output in China. Aluminum production grew due

The global demand for glass fiber declined by 3.0% in Q3 2022 as compared to Q3 2021. Demand for glass fiber declined due to declining housing starts, softening demand from RV and marine market from a YoY perspective. Another factor

The global demand for carbon fiber increased by 4.2% in Q2 2022 as compared to Q1 2022. Demand for carbon fiber was driven by growth in the aerospace industry and increasing demand from sporting goods manufacturers during Q2 2022. The

The global demand for epoxy resins in the composites industry grew by 1.3% in Q2 2022 as compared to Q1 2022, while it increased by 8.4% as compared to Q2 2021. The growth in the epoxy resin market in Q2

The global demand for SMC increased by 2.1% in Q2 2022 as compared to Q1 2022, driven by its growing demand in various end use industries, such as electrical and home appliances. In Q2 2022, SMC prices hiked by 5%

The global demand for glass fiber grew by 3.5% in Q2 2022 from Q1 2022, and it grew by 12% when compared to Q2 2021. Supply chain disruption fueled the demand for glass fiber, as there was a trend of

The global production for steel increased by 6.9% in Q2 2022 as compared to Q1 2022 but declined by 4.1% from Q2 2021. Global steel production grew in Q2 2022 due to an increase in steel production in APAC. APAC

The global demand for UPR decreased by 8.7% in Q2 2022 from Q1 2022. The UPR demand declined due to very poor demand from the end use industries, such as pipes & tanks, wind installation, and construction. The market is

Global production for aluminum increased by 3.2% in Q2 2022 as compared to Q1 2022 and 1.1% as compared to Q2 2021. China is the world's largest producer of aluminum; the global production growth was mainly due to an increased