Phenol Price History and Forecast Analysis Provided by Procurement Resource

Posted on 8 December, 2022 by Endru Smith

Request for Real Time Phenol Prices: https://www.procurementresource.com/resource-center/phenol-price-trends/pricerequest

Phenol is a member of the aromatic family. In its purest form, phenol can be a solid that ranges in colour from white to colourless. Phenol has a distinctive smell that is sickeningly sweet and tarry. Additionally, it serves as a necessary commercial input in the synthesis of bisphenol A.

Phenol is also referred to as carbolic acid, hydroxybenzene, and phenic acid. The chemical formula of phenol is C6H6O, and its molecular weight is 94.11 g/mol. Phenol is produced through benzene, CG propylene, cumene, and toluene.

The main exporters of phenol are Japan, South Korea, Chinese Taipei, the United States, and Germany. On the other hand, the leading importers in the phenol market 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, rapeseed price and tin can price etc. 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, 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 phenol price trend is influenced by its industrial uses which include its usage in plastics, and explosives, in the manufacturing of drugs like aspirin. Moreover, phenol is utilized in the creation of sunscreens, hair colouring treatments, and skin-lightening creams.

 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:

• November 09, 2021: There was a new development in plasmonic sensors of the phenol and its derivatives.

Related Reports:

• Phenol-Formaldehyde Resins Price Trend- https://www.procurementresource.com/resource-center/phenol-formaldehyde-resins-price-trends
• Phenthoate Price Trend-  https://www.procurementresource.com/resource-center/phenthoate-price-trends
• Phenyl Ethyl Alcohol Price Trend- https://www.procurementresource.com/resource-center/phenyl-ethyl-alcohol-price-trends

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 track 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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