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Resorcinol

Resorcinol Prices Overview

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Market Overview

Quarterly Update on Global Resorcinol Market

For the Quarter Ending December 2020

Asia

Marginal reduction in the global supply of Resorcinol was observed during the Q4 of 2020, due to the production deficit of Resorcinol in Europe and US region. This abrupt shortage however, provided an opportunity for Asian manufacturers to export in respective regions and expand their profit margins. Appreciable demand from Europe and US, resulted in surged import of Asian cargoes which ultimately lowered the inventories of Resorcinol in the Asia-Pacific Region. Most of the plants based in Asia operated normally but were unable to fulfill the demand throughout the quarter. CFR China offers were raised to around USD 14520 per tonne in mid-December, which are further expected to reach USD 14760 per MT by the next quarter.

Europe

Spot prices of Resorcinol in the region increased due to tight supply in the Q4 of 2020. Since the supplies of its key upstream material Benzene tightened, buoyed by the continuous surge in crude oil prices only several plants in Europe were able to increase their operating efficiencies to fulfill the demand during the fourth quarter. Demand for Resorcinol remained healthy throughout q4 with surge in consumption from downstream resin manufacturing units. Few plants induced temporary outages, due to planned maintenance activities.

North America

The consistent increment in the prices of feedstock Benzene, resulted in a consistent uptick in Resorcinol prices in the US market, during the second half of Q4. The supply of upstream Benzene tightened towards the end of the quarter, due to spike in demand from resin sector. Skyrocketing crude oil prices and surged demand from downstream sectors led to a considerable hike in Resorcinol prices as well as the imports from the Asian region.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Resorcinol is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Resorcinol market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Resorcinol manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Resorcinol market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Resorcinol market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Resorcinol are analyzed and region-wise demand pattern is tracked.

About

Resorcinol, also known as resorcin or dihydroxy-benzene, is a crystalline organic compound. Resorcinol is a white colored solid crystalline chemical with a tendency to be completely miscible in water. Resorcinol is mainly bifurcated into pharmaceutical and industrial grades. It is widely available in market in a white to off-white flakes form. It is a phenolic compound employed in the plastics, dyes, and various other organic chemicals. Resorcinol is commercially manufactured by three different processes namely, alkali fusion of meta-benzenedisulfonic acid, the hydro-peroxidation process using meta-di-isopropyl-benzene, and the acid hydrolysis of phenylenediamine. Major players operating in the Resorcinol market are Alfa Aesar, Kraber & Co. GmbH, Jiangsu Zhongdan Group Co. Ltd., Akrochem Corporation, Amino-Chem Co. Ltd, Dynea AS and Atul Ltd etc.

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Resorcinol Prices Overview