Showing posts with label Carbon tetrachloride Prices. Show all posts
Showing posts with label Carbon tetrachloride Prices. Show all posts

Sunday, December 24, 2023

 In the first quarter of 2023, carbon tetrachloride prices in Asia surged due to heightened demand, particularly from the polymer market, and increased manufacturing activities post the Covid and holiday season. However, the second quarter saw a downturn as the polymer sector faced setbacks with significant sales declines, coupled with uncertainties in crude oil costs and diminished support from feedstock prices, leading to a negative price trend. In Europe, a parallel trend occurred with first-quarter price surges due to strong demand and disrupted supply, followed by a decline in the second quarter attributed to challenges in the construction sector and excess inventories. North America experienced a bearish trend throughout both quarters, influenced by weak economic growth, increased interest rates, and altered demand dynamics, resulting in a southward movement in carbon tetrachloride prices.

Request for Real-Time Carbon tetrachloride Prices: https://www.procurementresource.com/resource-center/carbon-tetrachloride-price-trends/pricerequest

Definition

Carbon tetrachloride (CCl4) is a colorless, heavy, and nonflammable liquid with a sweet odor. Comprising one carbon atom and four chlorine atoms, it exhibits excellent solvency for various organic compounds. Historically used as a solvent, refrigerant, and fire extinguisher fluid, its industrial applications have declined due to environmental and health concerns. Carbon tetrachloride is sensitive to moisture and heat, posing health risks and potential environmental hazards. Its properties include a high density, low volatility, and a high boiling point, making it suitable for specific applications but necessitating careful handling and consideration of its associated risks.

Key Details About the Carbon tetrachloride 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 Carbon tetrachloride 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 Carbon tetrachloride Price forecast, including India Carbon tetrachloride price, USA Carbon tetrachloride 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 Carbon tetrachloride Price Trend:

Carbon tetrachloride (CCl4) has had diverse industrial uses, although many have diminished due to environmental and health concerns. Historically, it served as a solvent for oils, fats, and rubber, and as a refrigerant in early cooling systems. Additionally, its fire-extinguishing properties made it valuable in certain fire extinguishers. However, its role as a cleaning agent in the textile and dry-cleaning industries has significantly decreased due to its toxicity. The compound's versatility in industrial processes, as well as its solvency and fire-retardant properties, contributed to its applications, but its use has waned in favor of more environmentally friendly alternatives.

Key Players:

  • AkzoNobel N.V.
  • Ineos
  • Solvay S.A.
  • Shin-Etsu
  • Gujarat Alkalies & Chemicals Ltd
  • Tokuyama Corporation
  • DowDu Pont
  • The Dow Chemical Company
  • Gujarat Alkalies and Chemicals

About Us:

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 chains, and industry trends so that they can build strategies to achieve maximum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Christeen Johnson
Email: sales@procurementresource.com
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

Popular Posts

Blog Archive