Resorcinol Prices, Chart, Demand, News and Forecast

Resorcinol Price in India

• India: 5880 USD/MT

In the fourth quarter of 2023, the average price for Ex-Mumbai in India was 5880 USD/MT, marking a 1.00% decrease from the previous quarter.

The latest report by IMARC Group, titled "Resorcinol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of resorcinol prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Report Offering:

• Monthly Updates: Annual Subscription
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• Biannually Updates: Annual Subscription

The study delves into the factors affecting Resorcinol price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/resorcinol-pricing-report/requestsample

Resorcinol Industry Analysis

The primary factor propelling the global market is its growing use in the manufacturing of adhesives and resins, especially in the building and automotive sectors. Resorcinol-based adhesives are preferred because of their strong bonding capabilities and durability to harsh environments, as these industries demand more high-performance and long-lasting materials.

The market is also expanding due to the rising need for wood-binding resins, particularly in the manufacturing of plywood and laminates. The need is also fueled by the pharmaceutical sector, as resorcinol is a vital component of dermatological medicines that treat eczema, acne, and other skin disorders. Furthermore, resorcinol's market presence is growing due to the increase of cosmetic and personal care products that contain it because of its antibacterial and anti-aging qualities. In the upcoming years, it is anticipated that growing research & development in resorcinol uses across a range of industries will maintain and maybe even accelerate market growth.    

Resorcinol Industry Analysis

The North American resorcinol market saw significant price volatility in Q2 2024, which was mostly caused by shifting supply and demand dynamics. Due to abundant supplies from previous bulk purchases and lowering geopolitical tensions, transportation costs declined significantly in April, resulting in a steep decline in U.S. pricing. Inflation made this worse by decreasing purchasing activity and weakening demand. Pressure increased due to the strengthening US dollar, and the market was further affected by logistical problems and supply chain delays, creating a dynamic and unstable pricing environment. There were notable fluctuations in the APAC area. Strategic price reductions resulted from April's downturn in Japan, which was brought on by local excess and weak demand. However, a strong demand and constrained supply resulted in a comeback in May.      

Rising production costs, including raw materials and energy, coupled with logistical challenges and currency depreciation, intensified pressures on suppliers. Japan's resorcinol prices rose consistently, driven by seasonal factors and inventory management, with a favorable pricing environment emerging in the region overall. In Europe, the resorcinol market faced significant price increases due to rising production costs and geopolitical disruptions. Germany, a key importer, saw April prices drop due to oversupply and reduced demand, influenced by inflation and weakened consumer confidence. Easing geopolitical tensions lowered freight charges, but supply chain disruptions, including those from the Panama Canal drought, added strain. The appreciating U.S. dollar and heightened inflationary pressures further drove prices upward, creating a volatile and complex market environment in Europe.   

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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