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:
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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.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/resorcinol-pricing-report/requestsample
Resorcinol Industry Analysis
The market is driven by the increasing use in the production of adhesives, particularly in the wood and automotive industries. Resorcinol-based adhesives are known for their superior bonding strength, chemical resistance, and durability, making them essential for high-performance applications. As the demand for lighter, more fuel-efficient vehicles grows, the use of resorcinol in automotive adhesives is expanding.
In the construction industry, resorcinol’s role in producing weather-resistant wood adhesives is particularly important for outdoor applications, further driving market growth. Another major driver is the rising demand for flame retardants in electronics, construction materials, and textiles. Resorcinol-based compounds are widely used in flame retardant formulations due to their effectiveness in enhancing fire safety without compromising material properties. This is particularly crucial as safety standards become more stringent across various industries. Additionally, resorcinol plays a key role in the pharmaceutical industry, where it is used in the production of skin treatments and antiseptics.
Resorcinol Industry Analysis
In Q2 2024, there were various price fluctuations in the North American market, which were mostly caused by complex supply and demand variables. Resorcinol costs fell precipitously in the United States in April, following similar patterns in Chinese markets. Due to the U.S.'s prominence as an importer and the reduction of geopolitical tensions, shipping costs have decreased, contributing to this decline.
Additionally, heavy stocks from prior bulk purchases discouraged further purchases. The market's decreased demand was further exacerbated by the inflation-driven decline in consumer confidence. Besides, prices showed notable volatility in the APAC area in Q2 2024. Due to a local producer glut, April saw a sharp drop in prices, especially in Japan's market. Supplier price reductions were exacerbated by consistent purchase patterns and a bleak economic outlook, which led to surplus inventories. The market was also under pressure from the strengthening US currency and declining raw material prices, especially for sulfuric acid. The decline was exacerbated by Japan's economic issues, which included declining consumer spending and the Yen's depreciation.
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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