Phenol is an organic chemical comprising a benzene ring attached to a hydroxyl group. It is an aromatic chemical that is white crystalline in nature. It has a sweet odor and is soluble in water, ether, and alcohol. The melting and boiling points of Phenol measure around 40.5° C and 181.7° C, respectively. The compound is highly caustic and toxic in nature and occurs in both liquid and solid form at room temperature. Commercially, it is obtained by the oxidation of isopropyl benzene, which is hydrolysed further to attain Phenol as the resultant product.
The compound has high demands in the global market and marks its main associations with various industrial sectors, namely, food preservation, cosmetics, health, chemical, and household product manufacturing industries.
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India, the United States, and Vietnam are the key importing countries that import Phenol. On the other hand, the key exporting countries are India, Germany, and China.
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 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 Phenol Price Trend:
Phenol is an organic aromatic chemical compound with several key roles in the global industrial sectors. The compound is mainly associated with the cosmetics, household products, and chemicals manufacturing industries. It is used in laboratories, agricultural fields, hospitals, and more. It is used as an intake in injections and helps cure muscle spasms in medical sectors.
It is an excellent preservative that is used in medicines, mainly vaccines, to improve its shelf life. It is also used in several food products as a preservative, with other ingredients to prevent food spoilage.
Additionally, it is added to the cosmetics products such as cleansers, serums, and more. Household products like mouthwash, antiseptics, soaps, etc., also use Phenol as one of the ingredients in the manufacturing procedure.
Key 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 & Recent Development
- Date: April 28, 2023- China’s market faces a downfall in the Phenol market consumption and on the supply side.
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