Resorcinol Price Chart, Historical and Forecast Analysis Provided by Procurement Resource

In the first two quarters of 2023, Resorcinol prices faced diverse challenges across Asia, Europe, and North America. In Asia, factors such as high inventories, reduced manufacturing, and export rates, alongside Chinese government measures to combat economic downturn, led to a significant price decline. Europe witnessed an initial surge in Resorcinol prices driven by stable demand and supply shortages, but a subsequent fall was attributed to sliding demand, increased imports, financial difficulties, and reduced ocean freight charges. North America experienced growth in the first quarter due to higher sales in pharmaceutical and disinfection industries, yet the second quarter saw rising inventories amid weak demand and falling raw material costs.

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The molecular formula of resorcinol is C6H4(OH)2, and it appears as a soluble white crystalline solid in water and various organic solvents. This chemical compound exhibits unique properties crucial for diverse industrial applications. Its adhesive characteristics are particularly noteworthy, enhancing rubber bonding and reinforcing tires.

In addition to its role in the rubber industry, resorcinol plays a vital role in pharmaceuticals and the synthesis of biologically active compounds, serving as a fundamental building block for specific drugs. Its application extends to the cosmetics industry, where it is valued for antioxidant properties and serves as a colorant in products like hair dyes.

Beyond these applications, resorcinol finds utility in wood preservation, protecting timber from decay, fungi, and insects. Furthermore, in analytical chemistry, it acts as a reagent in qualitative tests.

As we delve into the Resorcinol market trends, the Resorcinol Price Trend, Resorcinol Price Index, and Resorcinol Prices are essential indicators. Observing the Price Trend through a Resorcinol Price Chart and Resorcinol Price Graph provides valuable insights into the market dynamics surrounding this versatile chemical compound.

Key Details About the Resorcinol Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Resorcinol in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Resorcinol Price chart, including India Resorcinol price, USA Resorcinol price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting the Resorcinol Price Trend:

Resorcinol has several essential industrial applications due to its unique properties. It is prominently employed in the production of adhesives and resins, particularly in the rubber industry, where it enhances adhesion and durability in tire manufacturing. In pharmaceuticals, resorcinol is used as a key intermediate in the synthesis of various pharmaceutical compounds. Its antioxidant properties make it valuable in cosmetics and personal care products, including hair dyes and skincare formulations. In the wood preservation industry, it acts as a potent preservative, protecting timber from decay and insect infestation. Furthermore, it finds use in the textile sector, particularly in dyeing and printing processes, where it contributes to color development and retention.

Key Players:

  • Kraber & Co GmbH
  • Alfa Aesar
  • Akrochem Corporation
  • Jiangsu Zhongdan Co Ltd
  • Dynes AS
  • Amino Chem Ltd
  • Sumitomo Chemicals Co Ltd

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

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