Price & Demand Analysis

The global demand for epoxy resins for the composites industry grew by 1.6% in Q1 2022 as compared to Q4 2021, while it increased by 9% as compared to Q1 2021. The growth in the epoxy resin

The global demand for glass fiber grew by 5.4% in Q1 2022 from Q4 2021; and it grew by 16% when compared to Q1 2021. Glass fiber prices, on an average, increased by 6.8% in Q1 2022 as compared to

The global demand for carbon fiber increased by 3.9% in Q1 2022 as compared to Q4 2021. Demand for carbon fiber was driven by growth in wind energy installation activities and increasing demand from sporting goods manufacturers during Q1 2022.

The global demand for SMC increased by 1.4% in Q1 2022 as compared to Q4 2021, this increase is mainly driven by the increase in global construction activities. In Q1 2022, SMC prices hiked by 4% as compared to Q4

The global demand for UPR increased by 4.1% in Q1 2022 from Q4 2021. The UPR demand that increased in this quarter was mainly driven by an increase in end use industries such as pipe & tank, wind installation, and

The global production for steel increased by 2.5% in Q1 2022 as compared to Q4 2021, but declined by 4.9% from Q1 2021. Global steel production grew in Q1 2022 due to increase in steel production in APAC, APAC contributes

Global production for aluminum decreased by 1.2% in Q1 2022 as compared to Q4 2021 and 1.9% as compared to Q1 2021. China is the world's largest producer of aluminum; the global production decline was mainly due to a lower

The global production for steel decreased by 3.3% in Q4 2021 as compared to Q3 2021, and also declined by 0.5% from Q4 2020. Global steel production fell in Q4 2021 due to decline in steel production in APAC, as

The global demand for SMC increased by 1.2% in Q3 2021 as compared to Q2 2021, this increase is mainly driven by the increase in global construction activities. The SMC market has recovered after the COVID-19 pandemic as most of

The global demand for UPR increased slightly by 1.3% in Q3 2021 from Q2 2021. The UPR demand increased in this quarter mainly driven by an increase in construction activities globally. The UPR price, on an average, increased about more

Global shipment for aluminum remained almost flat in Q3 2021 as compared to Q2, while it grew by 3.0% as compared to Q3 2020. Slowdown in end use industries like vehicle production limited the demand for aluminum. There is a

The global demand of epoxy resin for the composites industry grew by 2.8% in Q3 2021 as compared to Q2 2021, while it increased by 17% as compared to Q3 2020. The growth in Q3 2021 in the epoxy resin

The global demand for carbon fiber increased by 2.4% in Q3 2021 as compared to Q2 2021. Airbus and Boeing aircraft deliveries increased by 23% in Q3 2021 as compared Q3 2020 level. Demand for carbon fiber was driven by

The global demand for glass fiber grew by 1.5% in Q3 2021 from Q2 2021; also it grew by 19% as compared to Q3 2020. Glass fiber prices, on an average, increased about 12.3% in Q3 2021 as compared to

The global shipment for steel decreased by 9.6% in Q3 2021 as compared to Q2 2021, and also declined by 2% from Q3 2020. Global steel shipment fell in Q3 2021 due to significant decline of steel production in APAC;

The global demand for SMC increased by 3.1% in Q2 2021 compared to Q1 2021, mainly driven by the increase in global light vehicle sales, which increased by 0.2% in Q2 2021 compared to Q1 2021. The SMC market has

The global demand for epoxy resin for the composites industry grew by 1.5% in Q2 2021, compared to Q1 2021, while it increased by 21.4% when compared to Q2 2020. The growth in second quarter 2021 in the epoxy resin

The global demand for carbon fiber increased by 5.5% in Q2 2021, compared to Q1 2021. Carbon fiber prices increased by about ~13.8% in Q2 2021 compared to Q1 2021, price increase is mainly driven by supply chain disruption caused

The global demand for glass fiber increased by 3.6% in Q2 2021 from Q1 2021, while it grew significantly by 42%, when compared to Q2 2020. Glass fiber prices, on an average, increased about 22.9% in Q2 2021 when compared

The global demand for steel witnessed 5.5% growth in Q2 2021 when compared to Q1 2021, and also grew by 18% from Q2 2020. The post-lockdown recovery in steel demand has been stronger than initially anticipated, for most of the

The global demand for UPR increased by 3.4% in Q2 2021 from Q1 2021. In Q2 2021, major end use industries grew resulting in increased demand of UPR. The global light vehicle sales grew by 35% and US housing starts

Global demand for aluminum grew by 0.8% in Q2 2021 as compared to Q1 2021, while it grew by 5.6% when compared to Q2 2020. This growth in demand is due to the recovery of downstream operation and production activities

The global demand for carbon fiber increased by 11.9% in Q1 2021, compared to Q4 2020. Carbon fiber prices increased by about ~17% in Q1 2021 compared to Q4 2020, price increase is mainly driven by increasing

The global demand for SMC increased by ~7% in Q1 2021 compared to Q4 2020, mainly driven by the increased light vehicle sales which increased by 11.6% in Q1 2021 compared to Q4 2020. The SMC market

The global demand for epoxy resin for the composites industry grew by 6% in Q1 2021, compared to Q4 2020, while it increased by 2.6% when compared to Q1 2020. The growth in first quarter 2021 in

The global demand for UPR increased by 5% in Q1 2021 from Q4 2020. In Q1 2021, the end use industries reached above to the pre-COVID levels, the light vehicle sales grew by 22% and US housing

The global demand for glass fiber increased by 5% in Q1 2021 from Q4 2020, while it grew by 9% when compared to Q1 2020. Glass fiber prices, on an average, increased about 25% in Q1 2021 when compared to

Global demand for aluminum was declined by 0.6% in Q1 2021 as compared to Q4 2020, while it grew by 3.5% when compared to Q1 2020. This growth in demand is due to the recovery of downstream operation and production

The global demand for steel witnessed 10% growth in Q1 2021 when compared to Q4 2020, and also grew by 1.2% from Q1 2020. The post-lockdown recovery in steel demand has been stronger than initially anticipated, for

The global demand for UPR increased by 3.2% in Q4 2021 from Q3 2021. The UPR demand increased in this quarter mainly driven by an increase in end use industries such as automotive, aerospace, pipe & tank, and construction activities

Global production for aluminum decreased by 1.0% in Q4 2021 as compared to Q3 2021, and also declined by 0.5% as compared to Q4 2020. High energy cost, production curtailments, and power constraints spread from China to Europe caused to

The global demand for SMC increased by 1.9% in Q4 2021 as compared to Q3 2021, this increase is mainly driven by the increase in global automotive industry and construction activities. In Q4 2021, SMC prices, on an average, hiked

The global demand of epoxy resin for the composites industry grew by 2.5% in Q4 2021 as compared to Q3 2021, while it increased by 14% as compared to Q4 2020. The growth in Q4 2021 in the epoxy resin

The global demand for carbon fiber increased by 5.4% in Q4 2021 as compared to Q3 2021. Demand for carbon fiber was driven by growth in wind energy installation activities, increasing demand from automotive industry, recovery on aircraft deliveries, and

The global demand for glass fiber grew by 4.9% in Q4 2021 from Q3 2021; also it grew by 16% as compared to Q4 2020. Glass fiber prices, on an average, increased about 9.3% in Q4 2021 as compared to

The global demand for carbon fiber increased marginally by 1.9% in Q4 2020, compared to Q3 2020. Carbon fiber prices increased by about ~1.5% in Q4 2020 compared to Q3 2020. Airbus and Boeing aircraft deliveries increased in Q4 2020,

The global demand for SMC increased by ~3% in Q4 2020, compared to Q3 2020 driven by the light vehicle sales increased by 13% in Q4 2020 compared to Q3 2020. The SMC market has recovered after the COVID-19 pandemic

The global demand for epoxy resin for the composites industry declined by 8.5% in Q4 2020, compared to Q4 2019, while it increased by 5.8% when compared to Q3 2020. The growth in fourth quarter 2020 in the epoxy resin

The global demand for UPR increased by 5% in Q4 2020 from Q3 2020. The transportation, marine, and construction markets started recovering in Q3 2020 and started operation normally in Q4 2020, affected by the COVID-19 pandemic in Q2 2020.

Global Global demand for aluminum was up by 4.4% in Q4 2020 as compared to Q4 2019, while it grew by 3.2% when compared to Q3 2020. This growth in demand is due to the recovery of downstream operation

The global demand for glass fiber increased by 8.2% in Q4 2020 from Q3 2020, while it grew by 5% when compared to Q4 2019. Glass fiber prices, on an average, increased about 1.7% in Q4 2020 when compared to

Global The global demand for steel witnessed 7% growth in Q4 2020 when compared to Q4 2019, and also grew by 2% from Q3 2020 to Q4 2020. The post-lockdown recovery in steel demand has been stronger than initially

US Production of primary aluminum in the United States declined 3.4% in June 2020 when compared to May 2020 on month-over-month basis. On year-over-year basis also, it declined 2.8% compared to June 2019. The US aluminum market declined

US The coronavirus outbreak has resulted in major disruptions in the UPR supply chain, with large scale production cuts, increased costs, and shortages of raw materials. In addition, restriction on imports and exports also affected market prospe

US The COVID-19 outbreak had an impact on the epoxy resin market due to the shortage of raw materials and lack of manpower owing to shutdowns. Demand went down significantly during April and May due to shut down

US Production of crude steel in the United States declined in June, 2020 compared to May 2020 on a month-over-month basis. On year-over-year basis also, it declined significantly from June 2019 benchmark. Steel output basically declined due to

US The US glass fiber market in June, 2020 improved significantly from May, 2020 by roughly 30% on a month over month basis. However, June was still 7-8% lower than the year over year benchmark from 2019 as the industry