In the first and second quarters of 2023, benzoyl chloride prices in Asia experienced a decline, attributed to decreased procurement from pharmaceutical and related industries, as well as reduced manufacturing activities. Despite the low production levels, ample inventories were able to meet the subdued demand, contributing to the decline in prices. In Europe, the first quarter witnessed price surges fueled by increasing feedstock costs and strong demand from end-users. However, the second quarter faltered due to a decrease in inquiries from agriculture, perfumes, and resin industries. This was further compounded by declines in feedstock costs amid high inflation and interest rates. North America mirrored a similar trend, with price surges in the first quarter supported by robust downstream demand. However, the second quarter saw subdued dynamics in agriculture, perfumes, and pharmaceuticals, along with drops in production costs amidst challenges in the North American market.

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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 chart, 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 is widely used in various industries due to its reactivity and functional characteristics. Within the pharmaceutical sector, it plays a pivotal role as a crucial intermediate in the synthesis of drugs and pharmaceutical compounds. The dye industry utilizes benzoyl chloride for the production of dyes and pigments, while the fragrance and perfume industry incorporates it to create aromatic compounds. In the realm of plastics, resins, and polymers, benzoyl chloride serves as a significant cross-linking agent and initiator during production. Its reactivity is instrumental in organic synthesis, facilitating the modification of diverse compounds. Nevertheless, caution is essential in handling benzoyl chloride 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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