Benzoyl Chloride Price in USA
- United States: 1007 USD/MT
The price of benzoyl chloride in the United States for the fourth quarter of fiscal year 2023 reached 1007 USD/MT in December.
The latest report by IMARC Group, titled "Benzoyl chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of benzoyl chloride prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Benzoyl Chloride Prices Analysis:
- United States: 1007 USD/MT
- China: 1235 USD/MT
- Netherlands: 870 USD/MT
Report Offering:
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The study delves into the factors affecting benzoyl chloride price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/benzoyl-chloride-pricing-report/requestsample
Benzoyl Chloride Price Trend- Last Quarter
The global benzoyl chloride market is being driven by several key factors. The growing demand for benzoyl chloride in the pharmaceutical industry, particularly in the production of active pharmaceutical ingredients (APIs), is a significant driver. Additionally, the use of chemical as an intermediate in the synthesis of agrochemicals is expanding, driven by increased agricultural activities and the need for higher crop yields. The rising demand for benzoyl peroxide, a derivative of benzoyl chloride used in the cosmetics and personal care industry for acne treatment, is also contributing to market growth. Furthermore, the expanding use of benzoyl chloride in the polymer industry, particularly in the production of dyes, resins, and plastics, is boosting market demand.
Benzoyl Chloride Industry Analysis
In the North American market, benzoyl chloride experienced a downturn due to a weak benzene market, its primary feedstock, coupled with sluggish demand from downstream sectors such as paints and coatings. The price decline was further driven by reduced demand for benzene, especially in the US. Additionally, decreased construction activity and high feedstock costs for benzene producers diminished production incentives, resulting in abundant domestic and international inventories. Whereas the pricing environment for benzoyl chloride in the APAC region during Q1 2024 has been generally favorable, with prices trending upward. Several factors have contributed to this price increase. Increased demand from downstream industries, including agrochemicals, pharmaceuticals, and plastics, has exerted upward pressure on prices. Moreover, a limited supply of benzoyl chloride has led to reduced inventory levels, further driving prices higher.
Other than this, in Q1 2024, European benzoyl chloride producers experienced a declining market because of increasing benzene prices, their primary feedstock. Although demand from the paints and coatings and pharmaceutical sectors remained stable, worries about supply limitations and extended transit times drove price increases. Geopolitical tensions and trade disruptions in the Red Sea led to delays and elevated freight costs, further affecting benzene supply.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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