Benzoyl Chloride Pricing Report

Benzoyl Chloride Prices December 2023

The price of benzoyl chloride in the United States for the fourth quarter of fiscal year 2023 reached 1007 USD/MT in December.  The product prices in the USA displayed a varied pattern and stayed steady in October due to moderate demand and consistent feedstock benzene levels.
In the fourth quarter of the fiscal year 2023, benzoyl chloride prices in China reached 1235 USD/MT. It showed a mixed pattern, initially decreasing in October due to limited support from crude oil and reduced prices of its feedstock, benzene.

Besides this, benzoyl chloride prices in the Netherlands showed 870 USD/MT. Initially, they rose in October, influenced by high feedstock benzene prices and a moderately favorable demand outlook. However, in November, prices declined in the Netherlands market due to reduced feedstock benzene costs and weakened demand, reflecting a decrease in manufacturing activity across the Eurozone. December witnessed further price decreases attributed to downward demand despite an oversupply of benzene.

Benzoyl Chloride Price Trend, Market Analysis, and News

IMARC’s newly published report, titled Benzoyl Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of benzoyl chloride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing benzoyl chloride price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Benzoyl Chloride Market Analysis

The global benzoyl chloride market size reached 110.6 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 159 Thousand Tons, at a projected CAGR of 4.10% during 2023-2032.

• As the market of end-use products increases, propelled by the insatiable demand of global markets, benzoyl chloride takes center stage. The expansion of the market begins within pharmaceutical synthesis, where it adapts to the creation of vital active pharmaceutical ingredients.
• Benzoyl chloride finds application in agriculture, where it lends its potency to the creation of pesticides and herbicides. As the agricultural footprint expands to, the demand for agrochemicals surges, beckoning benzoyl chloride to nurture nature's bounty. For instance, the global agrochemicals market size reached US$ 288.2 Billion in 2023 according to the IMARC GROUP. It is anticipated to reach US$ 390.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.3% during 2024-2032. 
• Due to the growing concerns regarding self-expression and beauty, the demand for cosmetics and personal care items is showing an upward trajectory, casting benzoyl chloride as a silent artisan of allure. According to the NATIONAL LIBRARY OF MEDICINE, a representative survey of teens in the US showed that the most commonly used digital services are YouTube (85%), closely followed by the social media Instagram (72%), and Snapchat (69%). Consequently, the growing influence and usage of social media channels is also increasing the sales of cosmetics and perfumes thus impacting the demand for benzoyl chloride. 
• Across vast continents and burgeoning economies, market players are expanding their product line. From bustling metropolises to remote areas, the market of benzoyl chloride reaches, penetrating untapped markets and embracing burgeoning industries with open arms. For instance, in January 2022, Valtris Specialty Chemicals invested in a manufacturing capacity expansion at its Tessenderlo, Belgium site to increase benzoyl chloride capacity by 15% according to the CEO of the company Paul Angus.
• Amidst the uproar of progress, regulatory guardians stand vigilant, shaping the trajectory of benzoyl chloride with standards and regulations. Through compliance and stewardship, the journey of benzoyl chloride remains steadfast, ensuring quality, safety, and environmental sustainability. A per the Penta Chemicals Unlimited, Benzoyl chloride Regulation (EC) No. is 1272/2008, is classified as a hazardous substance. It is also known as the CLP Regulation. It focuses on the labeling, classification, and packaging of substances and mixtures, aligning the EU system with the globally harmonized system (GHS) to secure proper hazard communication and safe handling of chemicals. It is essential in encouraging safety and risk management in the handling of hazardous substances including benzoyl chloride.

Benzoyl Chloride News

The report covers the latest developments, updates, and trends impacting the global benzoyl chloride market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in benzoyl chloride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the benzoyl chloride industry:

• August 2022, SK Capital, a New York-based private investment company, focused on specialty chemicals, the pharmaceutical industry, and materials acquired Valtris Specialty Chemicals from H.I.G Capital.
• January 2023, Merck KGaA completed the aquation of M chemicals, which integrated Mecaro to operate their chemical business. It will bring 100 new employees and advanced production and research and development (R&D) facilities in Korea.

Product Description

Benzoyl chloride (C6H5COCl) is a crucial organic compound, which is a hazardous substance. It is synthesized through benzene and chlorine gas reaction with iron or aluminum chloride catalyst, known as Friedel-Crafts acylation.

It is used widely and is vital in pharmaceuticals as an intermediate for antibiotics and antipsychotics. Its acylating properties facilitate specific therapeutic compounds' production. Also, it's pivotal in polymer synthesis such as benzoyl peroxide, aiding in polystyrene and acrylic production for consumer goods and construction materials. In agrochemicals, it's essential for herbicides and insecticides, enhancing agricultural productivity with minimal environmental impact. Additionally, it's a precursor in dye and pigment synthesis for textiles, paints, and coatings, offering vibrant hues and stability.Top of Form

Regional Coverage

The report provides a detailed analysis of the benzoyl chloride market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends. 

Global Benzoyl Chloride Price

The report offers a holistic view of the global benzoyl chloride pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Benzoyl Chloride Price

Benzoyl chloride prices in the European region experienced fluctuations, initially declining before stabilizing and then showing a slight increase towards the end of the quarter. The demand for benzoyl chloride from key industries such as agriculture, dyes, perfumes, pharmaceuticals, and resins were subdued during this period, influenced by various factors including the ongoing conflict in Ukraine, elevated inflation rates, and a deceleration in economic expansion. The availability of raw materials for benzoyl chloride production, such as benzene and benzaldehyde, remained moderate throughout the quarter, contributing to price stability. Notably, benzoyl chloride prices in Europe rose by an average of 3% in September, driven by increased feedstock costs and heightened demand from downstream industries.

This analysis can be extended to include detailed benzoyl chloride price information for a comprehensive list of countries.

North America Benzoyl Chloride Price

Benzoyl chloride prices in the North American region experienced a price decline due to subdued demand and adequate supply. However, they stabilized and saw a slight increase, driven by heightened demand and escalating feedstock prices. The availability of raw materials for benzoyl chloride production, including benzene and benzaldehyde, remained moderate during this period, which contributed to price stability. In the United States, benzoyl chloride prices saw an average increase of 2% in September, attributed to the surge in feedstock costs and amplified demand from downstream industries.

Specific data on benzoyl chloride prices within the United States and Canada can also be provided.

Middle East and Africa Benzoyl Chloride Price

The report explores the benzoyl chloride pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on benzoyl chloride prices for countries can also be provided.

Asia Pacific Benzoyl Chloride Price

The benzoyl chloride pricing in the Asia Pacific region has decreased due to subdued demand and moderate supply. Demand for benzoyl chloride from sectors like fertilizers and pharmaceuticals surged towards the latter part of Q3 2023, attributed to various factors including the onset of the agricultural season and increased pharmaceutical production. Concurrently, feedstock prices for benzoyl chloride production, such as benzene and carbonyl chloride, started escalating, consequently raising production costs and exerting upward pressure on prices.

This analysis can be further extended to include detailed benzoyl chloride prices for a comprehensive list of countries within the region.

Latin America Benzoyl Chloride Price

The analysis of benzoyl chloride prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of benzoyl chloride pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting benzoyl chloride price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the benzoyl chloride industry.