Benzyl Acetate is an organic compound with a chemical formula C9H10O2. It is a colorless liquid with a pleasant, sweet, and floral fragrance, often used as a flavoring agent in food and beverages, as well as in the fragrance industry. It is synthesized through the esterification of benzyl alcohol and acetic acid. Benzyl Acetate finds applications in perfumes, cosmetics, and various industrial products due to its pleasant aroma and ability to impart fruity and floral notes. Additionally, it serves as a solvent in different applications and is an essential intermediate in the production of other chemicals.
Request for Free Sample: https://www.procurementresource.com/resource-center/benzyl-acetate-price-trends/pricerequest
Key Details About the Benzyl Acetate Price Trend:
During the first half of 2023, the global Benzyl Acetate price trends witnessed significant price fluctuations. Initially, prices in Asia rose due to trade normalization, stable market demand, and improved freight conditions. However, as Q2 approached, prices declined as inventories became saturated and demand from downstream solvent industries decreased. Europe experienced a similar oscillating trend, with limited Chinese imports affecting Q1 prices, while increased supply impacted Q2. The North American market displayed fluctuating prices linked to downstream demand in Q1, followed by a decline after April due to rising inventory levels.
Industrial Uses Impacting the Benzyl Acetate Price Trend:
Benzyl Acetate is widely used as a solvent in plastics, resins, nitrates, oils, and lacquers due to its effective dissolving and mixing capabilities. Its low toxicity and pleasant aroma also make it favorable for these industrial applications.
Nimble Manufacturing Technology
Kadillac Chemicals Private
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.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
Company Name: Procurement Resource
Contact Person: Jolie Alexa
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA