Phenolic Resin Demand, Chart, Index, Prices, Forecast, News and Historical Prices Analysis

The cost of phenolic resin in the United States during the last quarter of 2023 decreased significantly in December, reaching 3105 USD/MT. 

Phenolic Resin Prices in USA

  • United States: 3105 USD/MT

The cost of phenolic resin in the United States during the last quarter of 2023 decreased significantly in December, reaching 3105 USD/MT. 

The latest report by IMARC Group, titled "Phenolic Resin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the phenolic Resin Price Trend. This report delves into the price of phenolic Resin globally, presenting a detailed analysis, along with informative phenolic Resin Price Chart. Through comprehensive phenolic Resin 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 phenolic Resin 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.

Phenolic Resin Prices December 2023:

  • United States: 3105 USD/MT
  • China: 1321 USD/MT
  • Belgium: 3415 USD/MT

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The study delves into the factors affecting phenolic Resin 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.

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Phenolic Resin Price Trend- Q4 2023

The phenolic resin market, pivotal in applications ranging from adhesives and coatings to automotive and construction components, is influenced by a blend of industrial demand, supply dynamics, and upstream material costs. In the fourth quarter of 2023, the market witnessed variations across different regions, primarily driven by the demand from downstream industries. The market trended bearish in North America due to low demand in sectors such as adhesives and coatings, paired with ample material availability, leading to softened prices. Similarly, in the APAC region, weak demand from the automotive and construction sectors contributed to a surplus in supply and a bearish market outlook. Conversely, Europe's market dynamics were influenced by slow manufacturing activities and a decrease in downstream demand, which, coupled with reduced supply levels, led to a decline in Phenolic Resin prices.

Phenolic Resin Market Analysis

The global phenolic resin market size reached US$ 15.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 23.2 Billion, at a projected CAGR of 4.50% during 2023-2032. The pricing of phenolic resin in December 2023 was a function of multiple intertwined factors that affected the market differently across regions. In North America, the bearish pricing trend directly resulted from diminished demand from key downstream industries like adhesives and coatings. The ample availability of Phenolic Resin in the domestic market, stemming from sufficient production levels and a slowdown in procurement activities, led to a downward pressure on prices. The significant price adjustments, especially evident in the USA with Novolac Phenolic Resin prices dropping, were indicative of a market grappling with high inventory levels and a cautious approach from consumers towards stockpiling, further exacerbated by weak cost support from upstream phenol and formaldehyde markets.

The APAC and European regions echoed similar sentiments with their unique influences. In APAC, particularly China, the demand-supply dynamics were tilted by lower demand from the automotive and construction sectors against a backdrop of built-up inventories. This imbalance was reflected in sluggish market activities, with the festive mid-autumn holidays further dampening business transactions. The minor percentage changes in prices throughout the quarter were a testament to a market facing soft consumer inquiries and an absence of significant supply chain disruptions. Europe's scenario differed slightly, where a reduction in manufacturing activities curtailed the supply of phenolic resin. This, combined with a drop in cost support from upstream markets, and slow import rates, contributed to the bearish price trend observed across the region. Belgium's significant price decrease highlighted the broader European market's struggle with subdued domestic consumption and poor overseas demand.

Key Points Covered in the Phenolic Resin Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

  • Phenolic Resin Prices
  • Phenolic Resin Price Trend
  • Phenolic Resin Demand & Supply
  • Phenolic Resin Market Analysis
  • Demand Supply Analysis by Type
  • Demand Supply Analysis by Application
  • Demand Supply Analysis of Raw Materials
  • Phenolic Resin Price Analysis
  • Phenolic Resin Industry Drivers, Restraints, and Opportunities
  • Phenolic Resin News and Recent developments
  • Global Event Analysis
  • List of Key Players

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

Browse More Pricing Reports By IMARC Group:

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

About Us:

IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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