Propanal is also called by the names of N-propionaldehyde and propionaldehyde and has a chemical formula as C2H5CHO. It belongs to the group of natural composites that is called as alpha-hydrogen aldehydes. Such aldehydes have a generic formal of HC(H)(R)C(=O)H, where R refers to an organyl group. Propanal is present in all living groups, varying from bacteria to humans. It is an alcohol, cocoa, and a mixture with earthy taste.
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Beyond human body, propanal, on an average exists in the maximum intensity inside wild celeries and carrots. In addition, it has also been found in a variety of foods like, alaska wild rhubarbs, black salsifies, grapefruit/pummelo hybrids, purple lavers, and strawberry guava, though the quantity of it is not measured. Moreover, propanal is an aldehyde that includes ethane carrying a formyl substituent.
The propanal or propionaldehyde market is dominated by Europe owing to the increasing demand for the product from several end-use sectors like cosmetics, pharmaceuticals, and many other industries in countries like United Kingdom, Germany, and France. Besides, Vietnam, the United States, and Indonesia are the three top importers of propanal with Vietnam being the biggest importer.
Key Details About the Propanal 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 Propanal price 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 Propanal Price Trend, chart, pricing database, and analysis can prove valuable for the 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 Propanal Price Trend:
There are several industrial uses that are impacting Propanal prices globally. These include its commercial applications in the production of plastics, during the synthesis of rubber chemicals and as an antiseptic or disinfectant and additive. Moreover, it is also used in plasticizers, lacquers, flavourings, cellulose, odour agents, alkyd resins, and in pharmaceutical applications.
Key Market Players:
- BASF SE
- The Dow Chemical Company
- Perstorp Holding AB
- Eastman Chemical Company
News and Events:
- October 31, 2022 – Röhm and OQ Chemicals formally announced their new world-scale methyl methacrylate (MMA) factory. This new plant will be built by Röhm at OQ Chemicals’ manufacturing location at Bay City, Texas. At this site, OQ Chemicals would be supplying the new factory with critical raw materials and supply site services and utilities to Röhm. Besides this, OQ Chemicals has financed considerable in additional capability and community infrastructure.
- September 06, 2022 – Vinati Organics Ltd. is the leading exporter of propanal and holds 9,052 shipments. The second largest exporter is GVK Biosciences Pvt. Ltd. with 2,500 shipments followed by Saudi Arabian Oil Company with 2,218 shipments.
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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and 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 track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
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