Product
Thymol Price Trend and Forecast
Thymol Price Trend and Forecast
Thymol Regional Price Overview
Get the latest insights on price movement and trend analysis of Thymol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa)
Thymol Price Trend for the Q1 of 2024
Thymol, a natural compound derived from thyme oil, experienced oscillating market dynamics influenced by several key factors. Its demand is primarily driven by its extensive applications in the pharmaceutical and personal care industries, where it serves as an antiseptic, antifungal, and preservative agent.
Thymol Price Chart
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The rising consumer preference for natural and organic products in personal care and health sectors further boosted its market growth. Additionally, the increasing awareness of thymol's antimicrobial properties supports its use in sanitizers and disinfectants. However, fluctuations in thyme oil production due to weather conditions and geopolitical factors also impact thymol prices, influencing supply dynamics in the market in the first quarter of 2024.
Also, chemically, thymol is a monoterpenoid, and thus, its price trend is closely related to the products falling in the same category along with its feedstock chemicals. During the first quarter, the overall sentiments of the market remained bullish with the expansion of downstream industries around the globe. The winter holiday season in China and limited production, as well as trade of the commodity, further extended additional support to the market. In the European countries, the production volumes remained constricted while the demand for the commodity, in both domestic and overseas markets, outpaced this supply, giving room to traders to increase their price quotations.
Analyst Insight
According to Procurement Resource, the price of Thymol is expected to continue its northwards trajectory in the next quarters as well. The end-user industries are likely to further increase their sales figures, and as the summer months approach, industrial production is also estimated to improve, supporting the demand for thymol.
Procurement Resource provides latest prices of Thymol. 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 Thymol
Thymol is a natural compound extracted primarily from thyme plants, characterized by its strong aromatic odor and antiseptic properties. It is a crystalline substance that appears as white or colorless needles or crystals. Thymol is sparingly soluble in water but highly soluble in organic solvents like ethanol and ether. It exhibits significant antimicrobial activity against bacteria and fungi, making it valuable in pharmaceuticals, especially in oral care products and topical antifungal treatments. Thymol is also recognized for its antioxidant properties and is used as a natural preservative in foods and beverages. Additionally, its pleasant scent makes it a popular ingredient in cosmetics, perfumes, and household cleaners.
Thymol Product Details
| Report Features | Details |
| Product Name | Thymol |
| Chemical Formula | C10H14O |
| Industrial Uses | Pharmaceuticals, Food Industry, Cosmetic Industry, Agriculture |
| Molecular Weight | 150.22 g/mol |
| CAS No. | 89-83-8 |
| HS Code | 29071930 |
| Supplier Database | Lanxess , VDH Group, Huilong Group, Vigon |
| 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.
Thymol Production Process
- Production Process of Thymol by alkylation reaction: This alkylation reaction for the synthesis of thymol requires m-cresol and isopropanol as the primary products. In this simple synthesis, catalysts such as zeolite socony mibil-5 are used to yield a significant yield of thymol.
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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