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.
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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- Last Quarter
The global market is primarily driven by its increasing application in the production of adhesives and resins, particularly in the automotive and construction industries. As these sectors demand more high-performance and durable materials, resorcinol-based adhesives are favored for their strong bonding properties and resistance to extreme conditions.
Additionally, the growing demand for wood-binding resins, especially in the production of plywood and laminates, further propels market growth. The pharmaceutical industry also contributes to the demand, with resorcinol being a key ingredient in dermatological products used to treat acne, eczema, and other skin conditions. Moreover, the rise in cosmetic and personal care products incorporating resorcinol for its antiseptic and anti-aging properties is expanding its market presence. Increasing research and development in resorcinol applications across various industries is expected to sustain and possibly accelerate market growth in the coming years.
Resorcinol Industry Analysis
In Q2 2024, the North American resorcinol market experienced notable price volatility, largely driven by fluctuating supply and demand dynamics. April saw a sharp drop in U.S. prices, influenced by decreased shipping costs due to easing geopolitical tensions and ample inventories from earlier bulk purchases. This led to lower purchasing activity and weakened demand, exacerbated by inflation. The appreciating U.S. dollar added pressure, while supply chain disruptions and logistical issues further impacted the market, resulting in a dynamic and volatile pricing environment. In the APAC region fluctuated significantly. April's downturn in Japan, caused by domestic oversupply and weak demand, led to strategic price reductions. However, may saw a rebound due to robust demand and limited supply.
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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