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In the first and second quarters of 2023, the price trend of chloroform in Asia declined due to rising inventories and decreased demand from both domestic and international buyers. Despite a brief positive movement in the first quarter, market fluctuations and limited exports hindered sustained growth. In Europe, the initial quarter showed a recovery, driven by improved downstream industry activities and high demand. However, the second quarter faced challenges from fluctuating raw material costs and subdued demand from refrigerant sectors, resulting in a downward price trend. Similarly, in North America, high inventories, sluggish exports, and bearish feedstock prices contributed to a decline in chloroform prices.
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Definition
Chloroform is a colorless, heavy, and volatile liquid with a sweet aroma. Its chemical formula is CHCl3, composed of one carbon, one hydrogen, and three chlorine atoms. It was once used as a general anesthetic and solvent but has fallen out of medical favor due to its potential health risks. Chloroform's physical properties include low boiling and freezing points, making it evaporate easily. It's slightly soluble in water and has been employed as a solvent in industrial processes. However, its toxic nature and potential to form harmful byproducts have led to its limited contemporary use.
Key Details About the Chloroform 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 Chloroform 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 Chloroform Price chart, including India Chloroform price, USA Chloroform 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 the Chloroform Price Trend:
Chloroform, a colorless liquid with a distinct sweet odor, has had historical industrial applications. It was used as an anesthetic in medical procedures, although its use for this purpose has largely diminished due to health concerns. In industries, chloroform found application as a solvent for various substances, particularly in the production of pharmaceuticals, dyes, and resins. Its role in extracting essential oils and flavors from plants, as well as its use as an intermediate in chemical synthesis, contributed to its relevance. However, due to its potential toxicity and environmental risks, its industrial uses have significantly decreased over time in favor of safer alternatives.
Key Players:
- PJSC Khimprom
- Merck KGaA
- Shin-Etsu Chemical Co Ltd
- Alfa Aesar
- Thermo Fisher Scientific Inc
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