In Asia, benzoyl chloride prices declined in Q1 and Q2 2023 due to low procurement from pharmaceutical and related industries, coupled with diminished manufacturing activities. Despite low production, sufficient inventories met subdued demand, driving the price dip. Europe saw Q1 price surges driven by rising feedstock costs and high end-user demand, but Q2 faltered due to fewer inquiries from agriculture, perfumes, and resin industries, compounded by feedstock cost declines amid high inflation and interest rates. North America mirrored this pattern, with Q1 price surges supported by robust downstream demand, and Q2 subdued by weak dynamics in agriculture, perfumes, and pharmaceuticals, alongside production cost drops amid North American market challenges.
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Definition
Benzoyl chloride possesses distinct properties crucial for various applications. It is a colorless liquid with a pungent odor, highly reactive due to its acyl chloride group. It is sparingly soluble in water but reacts with it vigorously. Benzoyl chloride's reactivity enables it to be used as an intermediate in chemical synthesis, including pharmaceuticals, dyes, and perfumes. Its ability to introduce benzoyl groups in reactions makes it valuable in organic chemistry. However, its strong reactivity demands careful handling and storage, as exposure to moisture or water can lead to hazardous reactions.
Key Details About the Benzoyl Chloride 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 Benzoyl Chloride 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 Benzoyl Chloride Price forecast, including India Benzoyl Chloride price, USA Benzoyl Chloride 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 Benzoyl Chloride Price Trend:
Benzoyl chloride finds diverse industrial applications owing to its reactivity and functional properties. In the pharmaceutical sector, it serves as a key intermediate in the synthesis of drugs and pharmaceutical compounds. The dye industry utilizes it for producing dyes and pigments, while the fragrance and perfume industry employs it in creating aromatic compounds. Benzoyl chloride is crucial in the production of plastics, resins, and polymers, acting as a cross-linking agent and initiator. Its reactivity makes it valuable in organic synthesis, aiding in the modification of various compounds. However, its handling requires caution due to its corrosive and hazardous nature.
Key Players:
- Lanxess AG
- Shanghai Xinglu Chemical Technology Co Ltd
- Nippon Light Metal Co Ltd
- Valtris Specialty Chemicals
- Hubei Phoenix Chemical Company Limited
- Benzochem Industries Pvt Ltd
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