In the first two quarters of 2023, the global anisole market experienced a declining trend in prices across Asia, Europe, and North America. High inventory levels and weak demand from agrochemicals, fragrances, and related industries influenced the market in Asia. Europe faced similar challenges with reduced production rates and slow demand from domestic and overseas industries. In North America, the dyes and pesticide sectors also witnessed sluggish demand, leading to a weakened anisole market.
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Definition
Anisole is an organic compound with the chemical formula C₆H₅OCH₃. It is a colorless liquid with a pleasant, sweet aroma, and it is derived from phenol by replacing a hydrogen atom with a methoxy (CH₃O) group. Anisole is used as a solvent in various chemical reactions and in the manufacturing of perfumes, flavorings, and pharmaceuticals. It serves as an intermediate in the synthesis of numerous compounds, including dyes, pesticides, and other organic chemicals. Anisole’s unique properties and versatility make it valuable in both industrial and research applications.
Key Details About the Anisole 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 Anisole 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 anisole price index, including India Anisole price, USA Anisole 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 Anisole Price Trend:
Anisole has several industrial uses due to its properties as a solvent and its applications in various chemical processes. As a solvent, anisole finds use in the production of perfumes, cosmetics, and flavorings. It is also utilized in the manufacturing of pharmaceuticals, particularly as an intermediate in the synthesis of certain drugs. In the chemical industry, anisole serves as a reactant in the production of dyes, pesticides, and other organic compounds. Additionally, anisole’s unique aromatic properties make it valuable in fragrance and aroma industries. Its low boiling point and good solvency make it an essential component in various industrial applications requiring effective and efficient solvents.
Key Players:
- Solvay SA
- Westman Chemicals Pvt Ltd
- Benzo Chem Industries Pvt Ltd
- Huaian Depon Chemical Co Ltd
- Clean Science and Technology Private Limited
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