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Request for Real Time Phenol Prices: https://www.procurementresource.com/resource-center/phenol-price-trends/pricerequest
Phenol is an essential aromatic compound and is also referred to as phenic acid, carbolic acid, and hydroxybenzene. Phenol has the chemical formula C6H60 and a molecular weight of 94.11 g/mol. It is solid at room temperature and in its purest form, the colour ranges from white to colourless.
It is a crucial component in the production of bisphenol A. It has a very sweet and tarry odour. CG propylene, Cumene, toluene, and benzene are used to produce phenol.
The top phenol exporting countries are Japan, South Korea, Chinese Taipei, the United States, and Germany. On the other hand, the top importers of phenol are Belgium, Slovakia, Israel, and Spain.
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 price 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 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 Phenol Price Trend:
The industrial uses of phenol include the manufacturing of plastics, explosives, and the production of medications like aspirin.
Since ancient times, phenol is used as a disinfectant. It is one of the most extensively used chemicals to clean household materials such as floor tiles and washrooms due to its excellent antiseptic properties. It is an effective anti-fungal, anti-viral and anti-bacterial agent.
Additionally, it is also employed as an oral analgesic and mild anesthetic. It is one of the starting materials for the synthesis of various chemicals such as picric acid, explosive materials, pharmaceutical drugs, formation of azo dye in the coloring industry, and picric acid.
Other than that, it is also used as a preservative in the wood industry in order to prevent the wood from the action of microbes such as fungi and bacteria, and in the production of various cosmetics products such as skin lightening creams, lotions, hair colour, and dye solutions.
Key Market Players:
- Shell Chemical Co.
- INEOS Phenol GmbH
- Compañía Española de Petróleos, S.A.U.
- Mitsui Chemicals Inc.
- Kumho P&B Chemicals, Inc.
- LG Chem Ltd.
- Taiwan Prosperity Chemical Corporation
- Honeywell International Inc.
- Solvay SA
News and Events:
- August 26, 2022: According to INEOS Phenol’s announcement, Mitsui Chemicals, a major Japanese chemical producer, has agreed to sell its complete asset base to Mitsui Phenols Singapore Ltd. for a sum of USD 330 million. The company generates revenue of USD 750 million and manufactures about 1 million tonnes of goods annually, including alpha-methyl styrene, acetone, cumene, and bisphenol A
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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