Phenol Prices: Latest Price, News, Market Analysis, Historical & Forecast, Database, Chart

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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 Phenol Price Trend has been closely monitored due to the compound’s pivotal role in various industries. Phenol Prices have seen fluctuations, reflecting its importance in manufacturing processes. Phenol is a critical industrial chemical, prominently featured in the production of phenolic resins, essential for creating plywood, laminates, and insulation materials. Its significance extends to the synthesis of bisphenol-A (BPA), a crucial component in polycarbonate plastics and epoxy resins. The Phenol Price Index illustrates its economic impact, notably in pharmaceuticals where it contributes to the production of aspirin and other medications. Cosmetic products also utilize phenol for its antiseptic properties, contributing to the dynamic Price Trend evident in Phenol Price Charts and Phenol Price Graphs.

Key Players:

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

About Us:

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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