Pentanol, derived from pentane via petroleum refining, hinges on crude oil costs. In H1 2023, pentanol prices showed mixed trends. Crude oil stabilized after the Russia-Ukraine turmoil of 2022, with American intervention curbing extreme price spikes.
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Pentanol prices mostly stayed lower, occasionally rising. Market stability persisted due to balanced supply-demand dynamics, aided by downstream industries like pharmaceuticals, solvents, and fuel additives.
Definition
Pentanol is a type of alcohol characterized by its five-carbon molecular structure. It is commonly derived from pentane, a product of petroleum refining. Pentanol finds applications in various industries, including pharmaceuticals, solvents, and fuel additives, owing to its versatile properties and chemical versatility.
Key Details About the Pentanol Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Pentanol in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Pentanol Price Trend, including India Pentanol price, USA Pentanol price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Pentanol Price Trend:
Pentanol serves as a valuable compound in several industries. Its applications include acting as a solvent in pharmaceuticals and chemical processes, a key ingredient in fuel additives to enhance combustion, and a component in the creation of perfumes and flavors, owing to its unique properties and ability to impart distinct scents and tastes.
Key Players:
- BASF SE
- Ernesto Ventós S.A,
- Acros Organics
- Penta Manufacturing Company
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