Benzoyl Chloride Prices

Benzoyl Chloride Prices September 2024

The benzoyl chloride prices in China for Q3 2024 reached 1000 USD/MT in September. The benzoyl chloride market experienced notable price drops due to oversupply and reduced interest, with seasonal factors in the field of agrochemical contributing to weaker performance. Logistics disturbances further deepened the challenges, reinforcing a bearish outlook that persisted throughout the entire Q3. This sustained downward trend underscored the constant struggles within the market landscape.

Benzoyl Chloride Prices June 2024

The benzoyl chloride prices in the China for Q2 2024 reached 1245 USD/MT in June. The market faced continuous price declines amid high inventory and low demand. Moreover, seasonal weather disruptions and reduced naphtha prices led to low procurement, while subdued demand for benzene inflicted further downward pressure on market prices.

Benzoyl Chloride Prices March 2024

The benzoyl chloride prices in the United States for Q1 2024 reached 1530 USD/MT in March. The market faced downward pressure, largely influenced by weak demand from the construction and paint sectors and a softened benzene market. Stable quarterly pricing masked an overall yearly decline, with ample inventories underscoring ongoing market challenges across the region.

The price trend for benzoyl chloride in China for Q1 2024 settled at 1370 USD/MT in March. The market surged, primarily fueled by strong agrochemical demand and a limited supply of benzoyl chloride. Furthermore, heightened local demand for water-soluble fertilizers, coupled with an interim export ban on fertilizers, intensified supply constraints, sustaining upward pressure on market prices.

Benzoyl Chloride Prices December 2023

The prices of benzoyl chloride for Q4 2023 reached 1,007 USD/MT in the USA. Moderate demand and steady feedstock supply were responsible for the prices remaining stable initially. However, a decline followed in November and December, driven by lower feedstock prices and reduced demand. Despite geopolitical tensions, the impact on the regional market was minimal, with manufacturers focusing on inventory management towards year-end. 

The price trend for benzoyl chloride in China for Q4 2023 reached 1,235 USD/MT in December. The market observed an initial decline because of oversupply and export restrictions favoring domestic markets. Nonetheless, as the quarter progressed, prices began to recover. This shift was influenced by growing demand from importing nations and investments in the aromatics sector, alongside reduced inventories and feedstock costs. 

The price trend for benzoyl chloride in Netherlands for Q4 2023, reached 870 USD/MT in December. Initially, prices increased due to high feedstock costs and stable demand but declined in November as demand weakened and feedstock prices fell. By December, despite hopes for a positive economic shift, prices continued to drop, influenced by surplus benzene supply and sluggish market conditions.

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, price forecast 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 benzoyl chloride price trend. 

Global Benzoyl Chloride Price

The report offers a holistic view of the global benzoyl chloride pricing trends in the form of benzoyl chloride price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into benzoyl chloride historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. 

The report also delves into benzoyl chloride price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed benzoyl chloride demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Benzoyl Chloride Price

Q3 2024:

The market for benzoyl chloride in Europe, in Q3 2024 saw a marked decline in prices, propelled by multiple intertwined factors. The major contributor was the continuous decline in the costs of consumables, which reduced production expenses but also contributed to a bearish outlook. High inventory levels across the region, in addition to cross-border conflicts, intensified these pressures, limiting market movement. The downturn was compounded by sluggish demand from key sectors, further dampening the market's pace. The Netherlands, notably affected, recorded significant cost drops that reflected deeper market vulnerabilities in relation to both the previous quarter and the same period last year. The persistent oversupply of raw materials and weakened demand led to consistent price declines throughout the quarter, highlighting persistent difficulties in the European market landscape.

Q2 2024:

During Q2 2024, the market in Europe saw a sustained decline in benzoyl chloride prices, driven by an uptick in production capacity, leading to oversupply, alongside lower benzene costs linked to decreasing naphtha prices. Weak agrochemical demand and adverse weather conditions, which hindered agricultural activities, particularly impacted demand. Moreover, Germany experienced notable price drops due to seasonal weather disruptions that left fields wet, further reducing demand for agricultural inputs. As the quarter progressed, the price trend remained in decline, with a bearish market influenced by high supply levels, reduced feedstock costs, and diminished demand from critical downstream sectors.

Q1 2024:

During Q1 2024, the European benzoyl chloride market faced challenges due to elevating benzene feedstock costs. Steady demand from the paints, coatings, and pharmaceutical industries contrasted with increasing logistical challenges, such as longer transit times and disrupted supply routes, resulting in a challenging pricing environment. Moreover, Netherlands, a prominent market in the region, experienced sharp price increases due to geopolitical tensions affecting trade routes and higher freight costs. Although demand remained relatively stable, rising benzene prices significantly tightened margins for benzoyl chloride producers, signaling possible pricing adjustments ahead to balance profitability within a constrained supply landscape.

Q4 2023:

The market demonstrated a varied trend, as prices increased initially in October, influenced by higher feedstock benzene costs and a favorable demand outlook. However, as inflationary pressures began to ease, hopes for economic stability grew. November witnessed lowered pricing trend due to weakened demand and reduced manufacturing activities. Apart from this, the impact of geopolitical tensions on oil prices was short-lived, and by December, a further decline in benzoyl chloride prices was observed, driven by surplus benzene supply and sluggish demand. 

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

North America Benzoyl Chloride Price

Q3 2024:

During Q3 2024, North America's benzoyl chloride market faced a marked decline in prices in contrast to the corresponding period previous year, driven by shifting market conditions. Key factors included variable manufacturing expenses, subdued requirement from sectors such as agrochemicals, and restricted financial assistance from benzene. Persistent supply chain disruptions also added to the price pressure. The USA, in particular, recorded the sharpest drops, with a continuous decrease observed through the entire duration of the quarter, reflecting a sustained unfavorable disposition in the market. As a whole, the North American pricing landscape was defined by ongoing challenges that reinforced a negative trend in the market.

Q2 2024:

Throughout the second quarter of 2024, benzoyl chloride market in North America faced a steady decline, chiefly shaped by oversupply challenges and weak feedstock support from benzene, impacted by lower naphtha prices. In addition to this, high freight rates due to limited container availability added pressure, despite overall sluggish demand. The U.S. market, in particular, saw significant price drops influenced by lower import costs and harsh weather, which curbed domestic demand, especially in agrochemicals. Moreover, tornadoes, thunderstorms, and heavy rainfall dampened agricultural activity, leading to reduced purchasing interest. Throughout the quarter, the price trend remained consistently downward, reflecting a bearish market shaped by supply-demand imbalances and external disruptions.

Q1 2024:

Throughout the first quarter of 2024, the North American benzoyl chloride market saw a downturn, principally driven by a weakened benzene market, its essential feedstock, coupled with lower demand from key sectors like paints and coatings. A noticeable reduction in construction activity, paired with high production costs for benzene, lowered the incentives for benzene producers, resulting in abundant supplies across international and domestic markets. Furthermore, in the U.S., a leading producer, prices held steady during the quarter yet showed declines both year-over-year and quarter-over-quarter, reflecting a challenging market climate. In addition to this, the latter half of the quarter saw sharper drops, underscoring persistent downward pressure in the benzoyl chloride segment.

Q4 2023:

The prices were steady in October, driven by adequate demand and a steady supply of feedstock benzene. However, a decrease in feedstock prices, along with lower demand, was observed in November and December. The initial impact of geopolitical tensions on oil prices was reversed, having minimal long-term effects on regional economies. As the market entered December, there was a notable decrease in prices due to manufacturers clearing out inventory in anticipation of new stock. The outlook for 2024 suggests a potential positive economic shift, although current sentiment remains cautious due to ongoing economic and geopolitical uncertainties.

Specific benzoyl chloride historical data 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

Q3 2024:

During Q3 2024, the Asia Pacific region experienced a notable downturn in benzoyl chloride rates, driven largely by China’s significant price drops. Lack of interest and overstock, coupled with unfavorable weather and reduced international trade activity, played key roles in shaping this trend. Seasonal influences, especially affecting the agrochemical industry, added to the persistent decline, while shipping difficulties compounded market pressures. Demand remained insufficient to support price stability, reinforcing a bearish market sentiment throughout the period. A clear pricing gap emerged between the early and later parts of the quarter, indicating continuous price erosion. China, in particular, faced one of the most pronounced declines, highlighting the difficulties that dominated the region's market landscape.

Q2 2024:

In the Asia Pacific region, the benzoyl chloride market saw significant price decreases throughout Q2 2024, influenced by abundant supply and reduced production costs from declining feedstock benzene and naphtha prices. The lack of demand from downstream sectors, especially agrochemicals and pharmaceuticals, worsened the market’s overall sentiment. Moreover, China’s high inventory levels and seasonal weather interruptions further lowered procurement activities. Plant shutdowns, though creating supply disruptions, could not counterbalance the substantial oversupply. By quarter’s end, the region reflected a bearish market, pressured by weak demand and an oversupply condition that shaped the entire pricing environment.

Q1 2024:

In the Asia Pacific region, the market experienced positive pricing trends in Q1 2024, supported by robust demand from downstream sectors, including plastics, agrochemicals, and pharmaceuticals. This heightened demand, alongside restricted supply, created a tightening in inventory, thereby contributing to rising prices. Moreover, the bullish environment in China further exemplified this trend, as requirement from the agrochemical sector significantly surged, particularly for water-soluble fertilizers, compounded by a temporary export ban on fertilizers. These factors collectively pushed prices higher, with the APAC market concluding the quarter on an upward trajectory, indicating sustained demand and supply constraints.

Q4 2023:

The market exhibited fluctuations, beginning with a decline in October. This drop was influenced by weaker crude oil support and an oversupply. This was further exacerbated by China’s focus on domestic fertilizer market, limiting exports. Despite stable production levels, demand from industries like agrochemicals remained low. However, prices rebounded towards the end of the quarter, spurred by growth in the beauty and personal care sector and various investments in aromatics industry. Despite a lowered feedstock cost, the supply-demand imbalance caused reduced inventories.

This benzoyl chloride price analysis can be expanded to include 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.

Benzoyl Chloride Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Benzoyl Chloride Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition” 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 price of benzoyl chloride at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of benzoyl chloride price trend 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 impact the benzoyl chloride price trend.

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

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 trend, 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. The benzoyl chloride price charts ensure our clients remain at the forefront of the industry.