The latest report by IMARC, titled "Resorcinol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of Resorcinol prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Resorcinol Prices December 2023:

  • India: 5880 USD/MT

 

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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.

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Resorcinol Price Trend- Q4 2023

The resorcinol market is driven by its extensive applications across various industries, including automotive, construction, and personal care. Primarily, resorcinol is critical in the production of rubber adhesives and the manufacturing of high-performance tires, leveraging its ability to improve the adhesion between rubber compounds and reinforcing materials such as nylon and polyester. This attribute is particularly valued in the automotive sector, which demands durable and efficient tires for safety and performance. Additionally, the compound's antiseptic and disinfectant properties make it a popular choice in the healthcare sector for topical antifungal treatments and in personal care products like hair dyes and acne treatments. The construction industry also utilizes resorcinol in the production of wood bindings and laminates, benefiting from its high bonding strength and chemical stability. Furthermore, as industries continue to seek more environmentally friendly and sustainable production methods, resorcinol's role in developing new composite materials that are lighter and more durable continues to expand its market reach.

The global resorcinol market size reached US$ 487.7 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 595.4 Million, at a projected CAGR of 2.20% during 2023-2032.  In the fourth quarter of 2023, the resorcinol market in North America, APAC, and Europe experienced notable price fluctuations and a general downward trend due to various influencing factors. In North America and Europe, the initial increase in prices was driven by steady demand, which led manufacturers to expand production capacities. However, a combination of higher production costs and increased demand soon led to elevated product prices. As the quarter progressed, excessive stockpiling by manufacturers and a decrease in demand from downstream industries resulted in oversupply, causing prices to plummet significantly by the end of the quarter.

The APAC region, particularly India, mirrored this pattern with a slight average quarterly decrease of -1.00% in prices, attributed to weakened demand, excessive stockpiling, and reduced export opportunities, alongside challenges in supply chain management. This oversupply situation, coupled with reduced import and export prospects, forced market players across all regions to lower prices to remain competitive, deepening concerns among manufacturers about future market stability.

Conclusively, in the last quarter, resorcinol prices were significantly impacted by disruptions in production due to logistical issues and raw material shortages, notably benzene. Global supply chain interruptions, geopolitical tensions, and stringent environmental regulations have led to the closure of chemical plants, tightening supply and increasing production costs. Concurrently, demand surged, particularly from the recovering automotive industry and stable construction and personal care sectors, pushing prices up. However, economic uncertainties and seasonal demand fluctuations introduced price volatility, while a shift towards sustainable products added complexity to market dynamics.

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Key Points Covered in the Resorcinol Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

  • Resorcinol Prices
  • Resorcinol Price Trend
  • Resorcinol Demand & Supply
  • Resorcinol Market Analysis
  • Demand Supply Analysis by Type
  • Demand Supply Analysis by Application
  • Demand Supply Analysis of Raw Materials
  • Resorcinol Price Analysis
  • Resorcinol Industry Drivers, Restraints, and Opportunities
  • Resorcinol News and Recent developments
  • Global Event Analysis
  • List of Key Players

 

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

 

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

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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