The Economics of Benzyl Chloride: Analyzing Price Trends and Forecasting the Future
In the initial half of 2023, the Asian benzyl chloride market faced consistent depreciation, marked by pervasive pessimism despite occasional reversals. Subdued demand from diverse industries, including pharma, chemicals, plastics, dyes, agriculture, and perfumes, led to this downturn. In China, post-lockdown economic struggles resulted in reduced consumer offtakes, while in India, easing upstream conditions reduced production and transportation costs. In Europe, a mixed trend emerged as trade disruptions subsided, fostering positive market queries, but inventory dominance in the second quarter led to reduced selling prices. Similarly, North America experienced oscillations, with a stable first quarter disrupted by a surplus in supplies, pushing prices downward in the subsequent quarter. Overall, negative market trends prevailed.
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Definition
Benzyl Chloride is an organic compound with the chemical formula C7H7Cl. It is a colorless liquid with a distinctive aromatic odor. Widely used in the chemical industry, it serves as a versatile building block for the synthesis of pharmaceuticals, agrochemicals, and various specialty chemicals, contributing to diverse industrial applications.
Key Details About the Benzyl 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 Benzyl 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 Benzyl Chloride Price Trends, including India Benzyl Chloride price, USA Benzyl 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 Benzyl Chloride Price Trend:
Benzyl Chloride is integral to numerous industrial applications, serving as a crucial building block in organic synthesis. Widely utilized in the pharmaceutical and agrochemical sectors, it is a key precursor for the production of pharmaceuticals, pesticides, and specialty chemicals. Its versatility extends to the synthesis of dyes, resins, and other valuable compounds, making it indispensable in various industrial processes.
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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