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, alternatively referred to as carbolic acid, embodies an aromatic organic compound characterized by the chemical formula C₆H₅OH. This compound manifests as a colorless-to-white crystalline solid, bearing a recognizable sweet, tar-like scent. Renowned for its versatility, phenol finds extensive application in the fabrication of plastics, resins, and pharmaceuticals, thus rendering it a crucial component in the synthesis of various industrial chemicals. Notably, its historical significance in healthcare stems from its potent antiseptic properties.

For those monitoring the market, tracking the Phenol Price Trend, Phenol Price Index, and Phenol Prices is pivotal. Analyzing the Price Trend through tools such as the Phenol Price Chart or Phenol Price Graph provides valuable insights into market dynamics and investment decisions.

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:

Phenol is a crucial industrial chemical, primarily used in the manufacture of phenolic resins, which are integral to the production of plywood, laminates, and insulation materials. It’s also a key ingredient in the synthesis of bisphenol-A (BPA), used in making polycarbonate plastics and epoxy resins. Additionally, phenol finds applications in pharmaceuticals, particularly in the production of aspirin and other drugs, as well as in certain cosmetic products due to its antiseptic properties.

Key Players:

  • Ineos Phenol
  • Shell Chemicals
  • Cepsa Quimica
  • LG Chemical
  • PTT Phenol

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