Trichlorobenzene Prices

Trichlorobenzene Prices September 2023

The price of trichlorobenzene in China for Q3 2023 reached 31898 USD/MT in September.

Trichlorobenzene Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Trichlorobenzene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of trichlorobenzene 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 trichlorobenzene at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of trichlorobenzene price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing trichlorobenzene 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.

Trichlorobenzene Market Analysis

The global trichlorobenzene market size reached US$ 282.74 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 481.75 Million, at a projected CAGR of 6.10% during 2023-2032.

• Trichlorobenzene (TCB) finds extensive applications in multiple chemical synthesis pathways where it is widely used in the synthesis of pesticides and herbicides and as a solvent for dyes and pharmaceuticals. According to the United States Environmental Protection Agency (EPA), about 90% of TCB is used in chemical industries which asserts the centrality of trichlorobenzene in several industries. The large requirement from these industries signifies a primary force advancing the development of the global trichlorobenzene market. It is impossible to imagine various industries without them, so their market stays active and is driven by their applicability. Also, the use of trichlorobenzene is vital since it is used in the production of other chemicals and compounds that are useful in many industries; this highlights its role in maintaining industrial actions and consequently the markets around the world.
• Trichlorobenzene is very crucial in the agrochemical industry as it is used as an intermediate in the preparation of herbicides as well as pesticides used in controlling pests in farms for increased crop production. According to the Food and Agriculture Organization (FAO) of the United Nations outlooks for the international market for agrochemicals is expected that increase up to USD 308. $ 92 billion by the year 2025, and the major constituents of this growth are herbicides and insecticides. The need for trichlorobenzene in this sector is the key to the market demand for this product since it is a key component that is used in the formulation of effective agricultural chemicals. The continuously rising necessity of herbicides and pesticides displays the importance of trichlorobenzene for agriculture applications and proves the relevance of this chemical for maintaining crop yield. Ever-increasing population and the consequent increase in agricultural practices globally have escalated demand for trichlorobenzene for use in the agrochemicals in the trichlorobenzene industry.
• Another important consumer for trichlorobenzene is the pharma industry where this chemical is used in the production of drugs that help reduce high cholesterol levels. Trichlorobenzene is used as a reagent in the preparation of different pharmaceutical substances, antibacterial agents, and anti-fungal drugs for the treatment of fungal infections and neurological disorders medications. According to the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), the global pharmaceutical market is strengthening and may reach USD 1. 5 trillion by 2023. As the worldwide pharmaceutical business has been constant throughout the years and trichlorobenzene is an ingredient in the production of certain medications, this market growth is significant to the pharmaceutical industry across the globe.

Trichlorobenzene News

The report covers the latest developments, updates, and trends impacting the global trichlorobenzene 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 trichlorobenzene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the trichlorobenzene price trend.

Latest developments in the trichlorobenzene industry:

• In June 2024, A research team led by Hong Kong Polytechnic University achieved a significant breakthrough in organic solar cell technology by developing a device based on trichlorobenzene. This approach minimized non-radiative recombination losses, resulting in a remarkable power conversion efficiency of 19.31%.

Product Description

Trichlorobenzene is an aromatic compound in the chlorobenzenes group, which has three chlorine atoms ringed to its benzene ring. It exists in three isomeric forms: The ortho-, meta-, and para-trichlorobenzene are isomers meaning, they contain the same molecular formula, however the positions of the chlorine atoms are different on the benzene ring. Trichlorobenzene finds extensive applications as a solvent in different industries involving the manufacturing of herbicides, pesticides, and dyes. It is also applied as a precursor for various pharmaceuticals and other organic compound synthesis processes. Trichlorobenzene is used in the production of organic solar cell devices and as an intermediate temperature heat carrier in thermal energy storage systems. Trichlorobenzene is known to incite environmental and health hazards since its type is toxic and highly resistant to degradation. The risks associated with using and disposing of them are, however, being countered by continuous research aiming at finding safer substitutes, as well as enhancement of handling measures concerning the same commodities.

Regional Coverage

The report provides a detailed analysis of the trichlorobenzene 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 trichlorobenzene price trend. 

Global Trichlorobenzene Price

The report offers a holistic view of the global trichlorobenzene pricing trends in the form of trichlorobenzene 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 current price of trichlorobenzene but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into 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 trichlorobenzene 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 Trichlorobenzene Price

European trichlorobenzene prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

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

North America Trichlorobenzene Price

The analysis of trichlorobenzene prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific trichlorobenzene historical data within the United States and Canada can also be provided.

Middle East and Africa Trichlorobenzene Price

The report explores the trichlorobenzene 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 trichlorobenzene prices for countries can also be provided.

Asia Pacific Trichlorobenzene Price

The trichlorobenzene pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This trichlorobenzene price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Trichlorobenzene Price

The analysis of trichlorobenzene 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 trichlorobenzene 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 trichlorobenzene 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 trichlorobenzene price charts ensure our clients remain at the forefront of the industry.