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Price Trends of Resorcinol in its Latest Insights and Dashboard

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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Resorcinol is a chemical compound with the molecular formula C6H4(OH)2. It is a white crystalline solid that is soluble in water and many organic solvents. Resorcinol possesses unique properties that make it valuable in various industrial applications. It is known for its adhesive qualities, enhancing the bonding of rubber and reinforcing tires. Additionally, it is used in pharmaceuticals and biologically active compounds, serving as a crucial building block for specific drugs. Resorcinol is also employed in the cosmetics industry for its antioxidant properties and as a colorant in hair dyes and other products. In wood preservation, it safeguards timber from decay, fungi, and insects, and in analytical chemistry, it serves as a reagent in qualitative tests.

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:

The price trend of Resorcinol is influenced by its crucial role in various industrial applications. Widely utilized in the production of adhesives and resins, particularly within the rubber industry, Resorcinol plays a significant role in enhancing adhesion and durability in tire manufacturing. As a key intermediate in pharmaceutical synthesis, its importance extends to the pharmaceutical sector. Additionally, Resorcinol’s antioxidant properties contribute to its value in cosmetics and personal care products, such as hair dyes and skincare formulations. In the wood preservation industry, Resorcinol serves as a potent preservative, safeguarding timber from decay and insect infestation. Its utilization in the textile sector, specifically in dyeing and printing processes, aids in color development and retention. Tracking the Resorcinol price trend is essential for industries relying on this versatile compound, and the Resorcinol price chart or Resorcinol price graph provides valuable insights into its market dynamics.

Key Players:

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

About Us:

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.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.

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Reference Link – https://theprocurementexpert.com/resorcinol-prices/

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