In the first half of 2023, the global aluminum phosphate market experienced price volatility across regions. In Asia, prices initially declined due to reduced trading activities during the holiday season in China, leading to excess production and stockpiles. However, prices rebounded in the second quarter amid supply chain disruptions and stable overseas demand. In Europe, prices stumbled in the first quarter due to limited consumer purchasing and disruptions in supply chains but stabilized in the second quarter with fluctuating import costs and positive demand trends. North America faced challenges in the initial months, with poor downstream industry demand, but witnessed a resurgence in the latter part of the first quarter due to increased demand from domestic and overseas sectors, particularly the automotive industry, boosting aluminum phosphate prices.
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Definition
Aluminum phosphate (AlPO4) is a chemical compound with notable properties. It exists as a white, crystalline solid, displaying stability at high temperatures. Insoluble in water, aluminum phosphate is commonly used as a refractory material and binder in ceramics. Its flame-retardant characteristics contribute to applications in plastics, and it has historical significance as a catalyst in various chemical processes. While versatile, its use has declined due to environmental concerns. Careful handling is necessary due to its reactivity, and its properties make it valuable in diverse industrial contexts, including pharmaceuticals and flame-resistant materials.
Key Details About the Aluminum Phosphate 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 Aluminum phosphate 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 Aluminum phosphate Price chart, including India Aluminum phosphate price, USA Aluminum phosphate 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 Aluminum Phosphate Price Trend:
Aluminum phosphate (AlPO4) finds diverse industrial applications owing to its unique properties. Primarily, it serves as a refractory material and binder in ceramics due to its stability at high temperatures. Its flame-retardant nature makes it valuable in the production of fire-resistant plastics. Historically, aluminum phosphate acted as a catalyst in chemical processes, contributing to the synthesis of various compounds. In pharmaceuticals, it may be utilized for specific formulations. Despite a decline in usage due to environmental concerns, its properties as an insulator, flame retardant, and catalyst continue to make it relevant in certain industrial processes, showcasing its versatility in applications across different sectors.
Key Players:
- Oasis Pharmaceuticals
- Huayu Pharmaceuticals
- Pharmedic
- Vidipha
- Xinghai Pharmaceuticals
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