Procurement Resource Evaluates the Price Trends of Acetyl Oxide in its Latest Insights and Dashboard
Price Trends of Acetyl Oxide in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Acetyl Oxide 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; Customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of Acetyl Oxide 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.
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Product Description:
Because it is the most easily isolable anhydride of a carboxylic acid, acetyl oxide is the most widely used reagent in organic synthesis. It is primarily used to transform cellulose into cellulose acetate, which is used to make cigarette filters as well as photographic film and other coated materials. In addition, it is applied to increase the endurance of wood and is also utilised to produce aspirin.
Also Check Acetyl Oxide Production Cost Report – https://www.procurementresource.com/production-cost-report-store/acetyl-oxide
Regions Covered to Evaluate Acetyl Oxide Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Acetyl Oxide Price Trend:
Numerous other applications for acetyls are being investigated. One such contemporary use is the use of acetyl for the reduction of pain. Acetic acid is the main acetyl product that is expected to provide the biggest contribution to the acetyl market. New applications are projected to drive the acetyl industry. As a geriatric medicine, acetyl has many uses. Acetyl L-carnitine helps to improve energy levels while also easing bodily movements. As a result, acetyl should be used in the development of geriatric medicine, according to researchers. In addition, the prevalence of cardiovascular diseases is on the rise, which has increased demand on the global market. The global acetyl market is expanding as a result of increased spending on pharmaceutical research and development.
Key Market Players:
- BP plc
- Celanese Corporation
- DAICEL CORPORATION
- Dow, Inc.
- Eastman Chemical Company
- HELM AG
- LyondellBasell Industries Holdings B.V.
- Quzhou Weirong Pharmaceutical & Chemical Co., Ltd
- S.R.Drugs and Intermediates Pvt. Ltd.
- Wacker Chemie AG
News and Events:
The market for acetyl oxide was stimulated by rising feedstock acetic acid prices as transportation costs from China to other Asian nations increased. The cost of the chemical increased by 20.62 percent on March 11, 2022, from the previous day’s price of 1057 USD/MT to 1275 USD/MT. As a result of the conflict between Russia and Ukraine, the supply of the commodity has decreased, which has worsened the feeling of the local market. The Chinese acetyl oxide market was driven by the escalating energy crisis in that country as well as the expanding upstream methanol sector. Acetyl oxide markets are being constrained by rising upstream natural gas costs and surging downstream dyes industry demand in other regions, such as Europe and the US.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. 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. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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