Benzoyl Chloride Prices, News, Chart, Monitor & Forecast

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:

• China: 1235 USD/MT
• Netherlands: 870 USD/MT

Report Offering:

• Monthly Updates - Annual Subscription
• Quarterly Updates - Annual Subscription
• Biannually Updates - Annual Subscription

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 benzoyl chloride market is primarily driven by its growing use in various industrial applications, particularly in the production of pharmaceuticals, agrochemicals, and dyes. In the pharmaceutical industry, benzoyl chloride is a key intermediate in the synthesis of drugs, such as antibiotics and pain relievers, which are experiencing rising demand due to population growth and increasing healthcare needs. The agrochemical sector also significantly drives the market, as benzoyl chloride is used in the production of herbicides, pesticides, and plant growth regulators. Also, its application in the manufacture of dyes and pigments for the textile and plastic industries contributes to market growth as demand for vibrant and durable colors in these sectors continues to rise.

Benzoyl Chloride Industry Analysis

In Q4FY23, the benzoyl chloride market in the USA displayed mixed trends. While October saw price stability driven by steady demand and stable feedstock benzene costs, November and December experienced price declines due to weaker demand and a surplus of benzene. The initial effects of the Israel-Palestine conflict on oil prices were short-lived, with minimal long-term impact on the U.S. economy. Despite concerns about geopolitical factors disrupting oil supplies, December saw further price reductions as manufacturers began destocking inventories to prepare for new stock.

Moreover, in the APAC region, Q4FY23 saw fluctuations in benzoyl chloride prices, with a notable drop in October caused by weak demand and oversupply in the market, partly due to China's focus on its domestic fertilizer sector. Despite stable production levels, demand from downstream industries such as agrochemicals remained low. However, prices began to rebound in November and December as reduced construction activity in coke industries and increased procurement from importing countries created upward pressure. Growth in China's beauty and personal care sector, alongside investments in the aromatics market, further supported demand.

Besides this, benzoyl chloride prices in Europe showed varied movements during Q4FY23. Prices rose in October due to higher feedstock costs and a moderately positive demand outlook. However, the market faced pressure as inflation concerns in Europe began to ease, offering some relief but highlighting reduced consumer activity. By November, prices fell in response to lower feedstock costs and weakening demand, reflecting the slowdown in manufacturing across the Eurozone. Despite geopolitical tensions and low demand, optimism remains for an economic upturn in 2024.

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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