Resorcinol Price Trend

Resorcinol Prices December 2023

In Q4 of 2023, India registered an average price of 5880 USD/MT on Ex-Mumbai, reflecting a decrease of 1.00% compared to the preceding quarter. The decline was driven by the low demand across downstream industries along with a downturn in exports, which collectively resulted in a consolidation within the domestic market. Consequently, this led to an escalation in supply levels, exerting downward pressure on prices and indicating a response to the rapidly shifting market dynamics.

Resorcinol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Resorcinol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of resorcinol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of resorcinol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of resorcinol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing resorcinol price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Resorcinol Market Analysis

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.

• Ongoing expansion in the automotive and tire industries, where resorcinol-based adhesives and curing agents are indispensable, are providing a boost to the market.
• The pharmaceutical industry’s utilization of resorcinol for antiseptics and other medicinal purposes supports steady market growth.
• The construction and woodworking sectors are contributing to the market growth through the increased use of resorcinol-formulated adhesives for laminated timber and other structural composites.
• The rising demand for environmentally sustainable and safer chemical products has also led to innovations in resorcinol production, such as the development of processes that minimize environmental impact while maintaining product efficacy.
• Continual advancements in chemical research have led to the development of novel resorcinol derivatives that are being used in cosmetics and personal care products.
• Resorcinol is increasingly employed in hair dye formulations and skin care products due to its antiseptic and disinfectant properties.
• The electronics industry is increasingly adopting resorcinol-based polymers for producing high-performance printed circuit boards (PCBs) and other electronic components, which in turn is creating a positive market outlook.
• The agricultural sector represents a growing opportunity as the product application in the manufacturing of agrochemicals, particularly pesticides and fungicides, is expanding.
• Resorcinol plays a role in the production of specialty textiles, including those used in protective clothing and high-performance gear, as its chemical properties help improve the bonding of fibers and resistance to environmental stressors, making it ideal for military, firefighting, and outdoor apparel.
• Rapid industrialization, rising consumer spending, and considerable growth in manufacturing capabilities across the globe are creating new opportunities for the deployment of resorcinol in various applications.
• The global push towards eco-friendly products is expected to encourage the development of new product formulations that align with regulatory standards for lower emissions and reduced environmental footprint, thus bolstering the market.

Resorcinol News

The report covers the latest developments, updates, and trends impacting the global resorcinol market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in resorcinol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the resorcinol price trend.

Product Description

Resorcinol refers to a white to light pink crystal compound with a distinctive fragrance that has the chemical formula C6H4(OH)2 . It is primarily manufactured through two processes: Benzene sulphonation which is achieved through the combination of benzene with sulphuric acid and meta-diisopropylbenzene peroxidation which is an oxidation of diisopropylbenzene. This is one of the most useful elements in terms of its chemical features.

Resorcinol is vigorously used in the manufacturing of rubber adhesives, which could remarkably improve the durability and heat resistance of rubber compounds for the automotive and tire industries. It is also utilized as an ultraviolet stabilizer in plastics which helps prevent the decomposition and loss of their mechanical strength from sun exposure.

Another application is in flame retardant synthesis which gives extra safety dimension to materials by lessening flammability. The resorcinol versatility and effectiveness in achieving product performance and safety efficiency indicate its importance and extend its application in different areas, portraying resorcinol as a significant chemical in most manufacturing processes.

Regional Coverage

The report provides a detailed analysis of the resorcinol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the resorcinol price trend. 

Global Resorcinol Price

The report offers a holistic view of the global resorcinol pricing trends in the form of resorcinol price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of resorcinol but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed resorcinol demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Resorcinol Price

In the last quarter of 2023, resorcinol prices in Europe fluctuated in the downward direction. In the beginning, the prices tended to rise gradually, mainly, due to the stable demand provided the manufacturers with the reason to advance their production capacities. However, as the quarter progressed, a combination of rising production costs and continuing high demand led to a significant depreciation in prices by the end of the period. This dynamic resulted in initially higher product prices, which subsequently declined.

This analysis can be extended to include detailed resorcinol price information for a comprehensive list of countries.

North America Resorcinol Price

At the end of 4th quarter of 2023, there’s been a sharp decrease in resorcinol prices across North America that are now heading downwards. Prices turned out to be on a rather strong year-starting increase, which was mainly supported by an even demand of resorcinol that made a number of manufacturers launch their resorcinol productions on a larger scale. Contrary to the rising trend at the beginning, prices dropped sharply by the end of the quarter.

Specific resorcinol historical data within the United States and Canada can also be provided.

Middle East and Africa Resorcinol Price

The report explores the resorcinol pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on resorcinol prices for countries can also be provided.

Asia Pacific Resorcinol Price

In the fourth quarter of 2023, the APAC resorcinol market, particularly in India, faced constrained growth due to weakened demand in downstream industries and reduced export opportunities, leading to consolidation and a decline in domestic prices. Supply chain challenges persisted as manufacturers struggled with a moderate to high supply situation amidst low to moderate demand levels, cautious procurement practices, and limited offtakes by end-users. Furthermore, reduced export prospects and declining international demand, coupled with an accumulation of inventories, exacerbated market difficulties, despite lower raw material costs and stable freight rates.

This resorcinol price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Resorcinol Price

The analysis of resorcinol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of resorcinol pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting resorcinol price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The resorcinol price charts ensure our clients remain at the forefront of the industry.