Benzyl Salicylate Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Benzyl Salicylate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Benzyl Salicylate Price Trend for the Second Half of 2023

The benzyl salicylate market witnessed variations in its price trend throughout the said period of H2’23. The Asian markets, particularly India and China, started on a positive note at the beginning of the third quarter, as the cosmetic and flavoring industries posed higher inclining demands. However, soon, things turned south by the middle of the third quarter.

Benzyl Salicylate Price Trends

The oversupplied inventories started dominating the market's driving factors. These slumping trends continued well till the middle of the final quarter of 2023. It was in the latter half of the last quarter that the market situation started to change for the better again. Overall, very mixed market sentiments were witnessed in H2’23.

Analyst Insight

According to Procurement Resource, Benzyl Salicylate price trends are likely to fluctuate in the coming months as well. The current supply and demand dynamics are expected to improve, so better stability is anticipated in the benzyl salicylate market going forward.

Benzyl Salicylate Price Trend for the First Half of 2023

Benzyl Salicylate price trend closely follow the market behavior for feedstock benzyl alcohol and salicylic Acid. Prices mostly remained mixed for the first two quarters of the year 2023. Q1 witnessed a slightly inclined trajectory, given the rising feedstock prices, which added to the upstream costs. Also, the active hoarding sentiment of buyers, given the Chinese New Year holidays, pushed the market offtakes, thereby exerting pressure on the prices.

Prices maintained a stable run at the beginning of Q4 but declined afterward as the inventories overflowed and the onset of the summer season saw decreased demand from the food and flavor industries. Decreased oil and energy prices also helped to bring prices down. Also, low-wavering feedstock prices further added to the oscillating price trend. Overall, a fluctuating price behavior was observed during the period under discussion.

Analyst Insight

According to the Procurement Resource, the Benzyl Salicylate prices are expected to remain unsettled in the coming quarter, given the current market dynamics. The fluctuating feedstock prices, along with uncertain market offtakes, will continue to influence the benzyl salicylate market.

Procurement Resource provides latest prices of Benzyl Salicylate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

Benzyl salicylate, a colourless to pale yellow clear oily liquid, is a salicylic acid benzyl ester. It is a chemical compound that is frequently utilised as a fragrance additive in cosmetics owing to its sweet floral, balsamic odour. It is also useful in savoury spices, sweets, and other products.

Product Details

Report Features Details
Product Name Benzyl Salicylate
Industrial Uses Fragrance and flavouring agent, Personal care products, UV absorber in cosmetics, Solvent, Fixative in floral perfumes
Chemical Formula C14H12O3 
Synonyms 118-58-1, Benzyl 2-hydroxybenzoate, Benzyl o-hydroxybenzoate
Molecular Weight 228.24 g/mol
Supplier Database Eternis Fine Chemicals Ltd, Haihang Industry Co., Ltd, Symerise AG , Moellhausen S.p.A, Ungerer and Company
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Benzyl Salicylate via Reaction between Benzyl Chloride and Sodium Salicylate using a Phase Transfer Catalyst; and via Esterification of Benzyl Alcohol with Salicylic Acid

In the esterification process, benzyl alcohol and salicylic acid are used as the starting materials. The esterification of these two substances produces Benzyl Salicylate as the result.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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