Cyclopentanone, derived directly from adipic acid, mirrors its price trends closely. The first half of 2023 witnessed fluctuating Cyclopentanone prices, predominantly influenced by sluggish demands in downstream chemical, flavor, and fragrance sectors. Despite a promising commencement in the Chinese market, boosted by Lunar New Year demand, prices swiftly declined due to decreased demand by Q1 and remained low throughout Q2. Abundant inventories and weakened demand sustained muted market sentiments in Europe and the US.
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Definition
Cyclopentanone is a cyclic organic compound with a five-membered ring containing both carbon and oxygen atoms. It is obtained directly from adipic acid and is utilized in various industries. Its versatile nature finds applications in chemicals, flavors, and fragrances, serving as a building block for synthesis and contributing to a range of manufacturing processes.
Key Details About the Cyclopentanone 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 the Cyclopentanone 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 Cyclopentanone Price chart, including India Cyclopentanone price, USA Cyclopentanone 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 Cyclopentanone Price Trend:
Cyclopentanone holds key roles in several industries. It serves as a vital intermediate in chemical synthesis, contributing to the production of pharmaceuticals, agrochemicals, and plasticizers. Its presence in flavors and fragrances enhances aromatic compounds. Furthermore, it finds application in rubber chemicals, adhesives, and as a solvent in specialized processes, showcasing its versatile industrial significance.
Key Players:
- Solvay S.A
- BASF SE
- Zeon Corporation
- Caffaro Industrie S.p.A
- Toronto Research Chemicals Inc
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