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Beta Naphthol

Beta Naphthol Price Trend and Forecast

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Beta Naphthol Price Trend and Forecast

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Market Overview

For the Quarter Ending December 2022

North America

As per the data, Beta Naphthol witnessed a falling price trend throughout the fourth quarter of 2022, owing to easing feedstock prices amidst moderate demand fundamentals from the domestic downstream sectors. Demand for the product from the downstream market remained moderate to low, varying with the performance of different industries. The feedstock Caustic Soda prices showcased a marginal rise during October but could not affect the prices of Beta Naphthol in the US market. However, during the rest of the quarter, Caustic Soda as well as Naphthalene, both feedstock prices, sustained a downtrend and supported the downward price momentum for Beta Naphthol in the USA.

Asia

Ongoing disturbances in exporting nations and cheaper imports led to a steep and consistent fall in prices of Beta Naphthol during Q4 2022 in the Asian market. Falling raw material Naphthalene has also affected the price trend in the Chinese market, upsetting the pricing dynamics of foremost importing nations like India. Supplies of the product remained stable throughout this timeframe while rising uncertainties in the Chinese market compelled traders to destock their inventories. Thus, traders heard about offering discounts on spot purchases in order to induce offtakes by niche buyers. Furthermore, under the influence of the global economic slowdown, Beta Naphthol prices have negatively revised for the overseas market.

Europe

European markets were concerned with the uncertain market outlook for energy prices which was the major driving factor in skyrocketing commodities’ prices last year in the region. However, during this quarter, the smooth flow of natural gas and ample product availability did not let the price of Beta Naphthol rise in the market. Furthermore, prolonged inflationary pressure has already dampened the economic growth of the region, and Europe is nearing the edge of recession. Consequently, demand fundamentals were observed to be dull throughout the quarter for Beta Naphthol, which led to a consistent fall in its prices.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Beta Naphthol is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Beta Naphthol market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Beta Naphthol manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Beta Naphthol market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behaviour of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Beta Naphthol market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Beta Naphthol are analyzed and region-wise demand pattern is tracked.

About

Beta Naphthol is a crystalline solid, colorless in nature, having a hydroxyl group at its second position. Naphthalene-2-ol is the IUPAC name of Beta Naphthol, which shows a hydroxyl group at its second position. Usually, Beta Naphthol is a solid white crystal, but it turns yellow in exposure to sunlight, having a phenol-like odor. As it is a solid crystal, its melting point is 121-123 degree Celsius, and its boiling point is 285 degree Celsius. Beta Naphthol has a number of applications in Pharma, Food additives, Dye & Pigments, Perfumes, insecticides, fungicides, and in rubbers. The production process of Beta Naphthol includes the Sulfonation of Naphthalene with Sulfuric Acid, which is later neutralized with Caustic Soda, which gives Beta Naphthol.

Product Specifications

CAS No.	135-19-3
HS Code	29071520
Grade	99%
Contract Size	50-100 MT
Packaging Type	25kg bags

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FD (Free Del.) - Price deals are valid for free delivered commodities sold in the sphere of 300 sq. km in NWE (Northwest Europe).

Ex-works - These are the actual factory price which does not include any logistics charges.

Ex-Location - These are the prices of traders/suppliers/distributors for domestic trade purposes.

Taxes - The prices shown on the portal are exclusive of all taxes such as GST or VAT

Discounts - ChemAnalyst publish contract prices, but we do not consider any trade discount or bulk discount.

Countries Covered:

· India

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Beta Naphthol Price Trend and Forecast

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