Unveiling Carbolic Acid Market Dynamics: Prices, Trends & Forecasts by Procurement Resource

Carbolic acid, commonly known as phenol, comprises six carbon, six hydrogens, and one oxygen atom in its molecule. The base molecule is attached to a hydroxyl group and exhibits mild acidic nature. It is commercially obtained from petroleum-based chemicals during the filtration process. The melting and boiling points of the compound are measured around 40.5° C and 181.7° C, respectively. It is a white crystalline solid that is highly volatile in nature and is arranged in an aromatic structure. The compound is very reactive and has many applications, primarily in manufacturing plastics and polymer products.

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The key Carbolic acid or phenol-importing countries are India, Vietnam, and the United States. On the other hand, the key exporting countries include China, India, and the United States.

Key Details About the Carbolic acid 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 Carbolic acid 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 Carbolic acid Price chart, including India Carbolic acid price, USA Carbolic acid 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 Carbolic acid Price Trend:

Carbolic acid is a reactive, highly volatile compound that is widely used in various industrial sectors, primarily petroleum and plastic manufacturing industries. The metals are often treated with Carbolic acid or phenol to lower the risk of corrosion at certain temperatures and moisture. It is primarily used in the plastic manufacturing industry, where various products are produced using phenol as a base ingredient. Phenolic resins, such as Bakelite, are produced using Carbolic acid, which is reacted with other chemicals, such as formaldehyde.

Additionally, phenol is used as a chemical synthesizer in various chemical production processes. It is hydrogenated to produce cyclohexane which also has separate applications on a global scale. Cyclohexane is mainly used in the production of nylon. Alkylation of phenol compound produces nonylphenol, which is further processed under ethoxylation, which generates surfactants and detergents.

Key Players:

  • INEOS Group
  • Mitsui Chemicals, Inc.
  • Shell International B.V.
  • Solvay SA
  • Honeywell International Inc.

News & Recent Development

  • Date: April 13, 2023- INEOS has acquired Mitsui Chemicals, a phenol production plant in Singapore, while setting its feet in Asia’s chemical industry.

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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 tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

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