In Q4 2023, the Asian phenol market, particularly in India, started strong but faced a downturn due to high inventories and plateauing demand. Europe experienced depreciating trends, affected by stocked inventories and reduced downstream demands, further impacted by the holiday season. In contrast, North America saw positive growth, boosted by increased industrial activity ahead of the holidays. Overall, regional phenol market trends varied, reflecting diverse supply and demand situations.
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Definition
Phenol, also known as carbolic acid, is an aromatic organic compound with the molecular formula C₆H₅OH. It is a colorless-to-white crystalline solid with a distinctive sweet, tar-like odor. Widely used in the production of plastics, resins, and pharmaceuticals, phenol is also a key ingredient in the synthesis of many industrial chemicals. Its antiseptic properties were historically significant in healthcare.
Key Details About the Phenol 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 the Phenol 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 Phenol Price chart, including India Phenol price, USA Phenol 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 Phenol Price Trend:
The price trend of phenol, a vital industrial chemical, significantly influences various sectors. Its primary application lies in the production of phenolic resins, essential for manufacturing plywood, laminates, and insulation materials. Moreover, phenol plays a pivotal role in the synthesis of bisphenol-A (BPA), a key component in the production of polycarbonate plastics and epoxy resins. Beyond industrial uses, phenol’s applications extend to pharmaceuticals, contributing to the synthesis of drugs like aspirin, and it is also employed in certain cosmetic products due to its antiseptic properties. The phenol price index and phenol prices are crucial factors affecting these diverse industries.
Key Players:
- Ineos Phenol
- Shell Chemicals
- Cepsa Quimica
- LG Chemical
- PTT Phenol
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