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Market Trend and Demand Lithium battery raw materials continue to rise in price Will Affact the Price of foam blowing agents

New energy vehicle sales performed strongly in April! From the perspective of output and installed capacity, the share of lithium iron phosphate has increased from the level of last year (2020), and its market share has maintained an increasing trend compared with the same period in 2019 and 2020.

Lithium iron phosphate installed capacity accounted for 28.3% in April 2019, 25.9% in April 2020, and 38.1% in April 2021. The agency expects that the share of lithium iron phosphate installed capacity will reach 40%-42% in 2021, showing a continuous recovery trend.

Since 2021, affected by strong downstream demand, the price of lithium salt has gradually risen. The prices of lithium carbonate and lithium hydroxide have bottomed out since the beginning of the year and have risen by more than 60%, and have gradually spread to lithium battery materials. The price of lithium iron phosphate has risen by more than 45% since the lowest price in the fourth quarter of 2020.

Affected by Lithium battery raw materials continue to rise in price,the foam blowing agents market is changing rapidly. These changes are indicators of market growth.This year-on-year upward trend in the market indicates that the next November 2020-2026 will show an oval but steady growth.If you are looking for foam blowing agents or buy foam blowing agents in bulk,please send an email to: sales@ozbo.com

The price of foam blowing agents continues to be affected by factors such as market growth momentum,various opportunities and challenges.However,during the forecast period from 2020 to 2026,the global foam blowing agents sales market is expected to continue to be above average.The growth rate will continue to increase.It is expected that from today to next week,the price of foam blowing agents will increase to a certain extent.  

Due to changes in consumer demand,import and export conditions,and various investigations on the development of foam blowing agents,the cost of foam blowing agents is constantly changing.Taking into account the current market macroeconomic parameters, value chain analysis,channel partners,demand and supply,the cost of product name will also be affected to a certain extent.It is estimated that the cost of foam blowing agents will increase slightly from today to next week.

However,Ozbo.com provides high purity Nano foam blowing agents with steady price.In order to feedback to old customers,the company is still in full operations to provide foam blowing agents with competitive price.said Olina,sales manager of Ozbo.com.

About Ozbo.com

Ozbo.com (aka.Tanki New Materials Co.Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years experience in providing super high-quality chemicals and Nanomaterials.As a leading nanotechnology development and foam blowing agents manufacturer,Tanki New Materials Co.Ltd dominates the market.Our professional work team provides perfect solutions to help improve the efficiency of various industries,create value,and easily cope with various challenges.If you are looking for foam blowing agents, please send an email to:  sales@ozbo.com  

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