Product
Benzoyl Chloride Price Trend and Forecast
Benzoyl Chloride Price Trend and Forecast
Regional Price Trend
Get the latest insights on price movement and trend analysis of Benzoyl Chloride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Benzoyl Chloride Price Trend for the First Half of 2023
Asia
The price trend of benzoyl chloride dipped in the first and second quarter of 2023 as the procurement from the pharmaceutical, fertilizers, and related industries remained low. In addition to this, the economic indicators suggest that there was a significant decline in manufacturing activities during this time phase. Even after the low production rates, the level of inventories remained sufficient to cater to the subdued demand of the downstream industries indicating the fall in the price trend of benzoyl chloride in the Asia-Pacific region.
Europe
In the first quarter, the price trend of benzoyl chloride surged with support from the rising cost of feedstock materials and high demand from the end-user industries. However, the second quarter failed to continue this upward trajectory due to a significant decline in the number of inquiries from agriculture, perfumes, resin, and other downstream industries. In addition to this, the feedstock cost also slumped with striking high inflation and interest rates that eventually hampered benzoyl chloride prices and caused its price trend to take a steep fall.
North America
Similar to the European market, the prices of benzoyl chloride in the first quarter surged, supported by high demand and an increased number of orders from the downstream industries. However, the demand for benzoyl chloride was subdued in the second quarter due to weak market dynamics of agriculture, perfumes, pharmaceuticals, and related sectors. In addition to this, the cost of production further plummeted due to feeble economic conditions of the North American market that negatively impacted the price trend of benzoyl chloride.
Analyst Insight
According to Procurement Resource, the price trend of Benzoyl Chloride is estimated to depict an oscillating trajectory as the demand from the downstream industries does not seem to support the pricing fundamentals.
Procurement Resource provides latest prices of Benzoyl Chloride. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Benzoyl chloride is a colorless or pale-yellow liquid with a pungent odor. Pharmaceutical, plastics, dye, and fragrance industries all use benzoyl chloride as a reactive chemical intermediary. Its acyl chloride group gives it its reactivity, which enables it to react with other substances and make it an important ingredient in the synthesis of a variety of goods.
Product Details
| Report Features | Details |
| Product Name | Benzoyl Chloride |
| Chemical formula | C7H5ClO |
| Industrial Uses | Phenylating agent, Peptide synthesis, Rubber industry, Chemical reagent, Photography, Dyes and pigments, Polymers and pigments |
| CAS Number | 98-88-4 |
| Molecular weight | 140.57 g/mol |
| HS Code | 29163200 |
| Supplier Database | 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 |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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 Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
In the first step benzoyl alcohol is added in the solution of fuming concentrated hydrochloric acid.The reaction is refluxed and cooled at room temperature. A separatory funnel is used to separate the top layer of benzyl chloride after which it is rinsed with supersaturated sodium chloride solution to yield pure benzyl chloride.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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