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Phenoxyethanol Price Trend and Forecast
Phenoxyethanol Price Trend and Forecast
Phenoxyethanol Regional Price Overview
Get the latest insights on price movement and trend analysis of Phenoxyethanol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Phenoxyethanol Price Trend for Q1 of 2024
During the said period of Q1'24 phenoxyethanol experienced a moderate performance in the Asian markets; a rise in the petrochemical sector influenced the phenoxyethanol market. This market trend was further driven by the global increase in energy and crude oil prices due to OPEC+ price adjustments amid instability in Europe and the Middle East. Production setbacks in OPEC+ members Russia and Iraq also echoed through the wider petrochemical industry, leading to varied market sentiments.
Phenoxyethanol Price Chart
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The European market displayed similar trends with slight price increases for phenoxyethanol. The impact was pronounced after Ukrainian forces targeted Russian oil refineries, significantly hampering the region's energy infrastructure and causing a 7% drop in Russian oil output. This disruption pushed production costs higher. Geopolitical turmoil globally and logistical challenges in the Red Sea further complicated the market, particularly affecting Middle Eastern producers.
Phenoxyethanol's pricing trajectory in North America mirrored its Asian and European counterparts. The worldwide spike in crude oil and energy prices elevated costs, while moderate demand from the chemical and fertilizer sectors exerted downward pressure on prices. Overall, a mixed trajectory was observed in Q1'24.
Analyst Insight
According to Procurement Resource, the Phenoxyethanol prices are likely to remain hinged in the coming months. Since the supply and demand dynamic is not projecting much change, the prices are likely to remain steady.
Procurement Resource provides latest prices of Phenoxyethanol. 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.
About Phenoxyethanol
Phenoxyethanol is a versatile organic chemical compound often used as a preservative in cosmetics and pharmaceuticals due to its antibacterial and antifungal properties. It is a colorless liquid with a mild rose-like scent, making it suitable for fragrances and skincare products. Additionally, phenoxyethanol is utilized in inks, dyes, and cleaning agents. It serves as a fixative in perfumes and as a solvent in the manufacture of ballpoint pens and degreasers. Its efficacy and low toxicity make it a preferred choice in various industries.
Phenoxyethanol Product Details
| Report Features | Details |
| Product Name | Phenoxyethanol |
| Chemical Formula | C8H10O2 |
| Industrial Uses | Cosmetic and Personal Care Products, Pharmaceuticals, Ink and Dye Manufacturing, Cleaning Products, Textile Industry, Adhesives and Sealants, Photographic and Film Processing |
| Molecular Weight | 138.164 g/mol |
| Supplier Database | DowDuPont Inc., BASF SE, Clariant AG, Air Liquide Group (Schulke & Mayr), Ashland Global Holdings Inc. |
| 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.
Phenoxyethanol Production Process
- Phenoxyethanol Production by addition reaction.
The production process is initiated by the chemical reaction between phenol and ethylene oxide. The two compounds, phenol and ethylene oxide, react and undergo an addition reaction, yielding phenoxyethanol as its final product.
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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