In the first half of 2023, benzal chloride faced contrasting market trends across regions. In Asia Pacific, the bearish trajectory was influenced by the diminishing cost of nitrotoluene feedstock, decreasing demand from downstream industries, and rising inventory levels. The impact of slowing global markets and reduced freight charges further contributed to a negative price trend. In Europe, benzal chloride struggled with reduced sales in the dyes, pigments, and pharmaceuticals sector, reflecting a pessimistic economic outlook. North America, however, experienced a price increase in the first quarter, driven by higher raw material costs and increased downstream demand. The second quarter saw mixed sentiments due to consumption fluctuations and subdued crude oil sector movement.
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Definition
Benzal chloride is an organic compound with the chemical formula C6H5CHCl. It appears as a colorless to pale yellow liquid with a characteristic almond-like odor. This aromatic compound is notable for its reactivity as an acyl chloride, containing a reactive carbonyl group. It is commonly used in organic synthesis as a versatile building block for various chemical reactions. Benzal chloride is sensitive to moisture and air, and its handling requires careful attention due to its potential hazards and reactivity.
Key Details About the Benzal 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 Benzal 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 Benzal chloride Price Trends, including India Benzal chloride price, USA Benzal 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 Benzal chloride Price Trend:
Benzal chloride (C6H5CHCl) holds significance in diverse industrial applications. As an acyl chloride, it serves as a crucial intermediate in organic synthesis, finding use in the production of pharmaceuticals, agrochemicals, and perfumes. In the pharmaceutical sector, it contributes to the synthesis of various drugs and intermediates. Its role in the production of fragrances and flavors highlights its importance in the perfume industry. Additionally, benzal chloride is utilized in the dyestuff industry for the synthesis of dyes and pigments. Its versatile reactivity and role as a building block make it valuable in creating a wide range of chemical compounds across different industrial sectors.
Key Players:
- Kao Corporation
- Novo Nordisk pharmtech
- Delta Chemsol
- Dishman Carbogen Amcis Ltd
- Ava Chemicals Private Limited
- Neogen Corporation
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