Resorcinol Market Manufacturers Analysis, Trends, Segment and Application up to 2025
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Resorcinol</strong> <strong>Market</strong> <strong>Manufacturers</strong> <strong>Analysis</strong>, <strong>Trends</strong>, <strong>Segment</strong> <strong>and</strong><br />
<strong>Application</strong> <strong>up</strong> <strong>to</strong> <strong>2025</strong><br />
“The resorcinol industry is subject <strong>to</strong> witness a substantial<br />
growth due <strong>to</strong> the growing adoption of resorcinol for production<br />
of rubber, wood adhesives <strong>and</strong> UV stabilizers, along with<br />
inherent advantages associated with the chemical. Growing<br />
dem<strong>and</strong> from industries such as building & construction.”<br />
The global <strong>Resorcinol</strong> <strong>Market</strong> size is expected <strong>to</strong> value at USD 580.3 million by <strong>2025</strong>. The resorcinol industry is<br />
subject <strong>to</strong> witness a substantial growth due <strong>to</strong> the growing adoption of resorcinol for production of rubber,<br />
wood adhesives <strong>and</strong> UV stabilizers, along with inherent advantages associated with the chemical. Growing<br />
dem<strong>and</strong> from industries such as building & construction <strong>and</strong> au<strong>to</strong>motive sec<strong>to</strong>r <strong>and</strong> the development of<br />
innovative products <strong>to</strong>gether are expected <strong>to</strong> drive the growth of the market in the <strong>up</strong>coming years. Globally,<br />
the resorcinol market is predicted <strong>to</strong> grow at CAGR of 3.3% in forecast period, providing numerous opportunities<br />
for market players <strong>to</strong> invest in research <strong>and</strong> development in the market.<br />
<strong>Resorcinol</strong>, termed as a 1,3-Benzenediol is a chemical adhesive, largely utilized for bonding purposes. <strong>Resorcinol</strong><br />
is a by product of benzene. Crystallization of benzene results in formation of resorcinol. <strong>Resorcinol</strong> is highly<br />
soluble in ether, alcohol, <strong>and</strong> water. Some of the common applications of the resorcinol include dyestuff,<br />
personal care products, cosmetics, lightweight plastic, <strong>and</strong> rubber.<br />
Rise of the au<strong>to</strong>motive industry <strong>and</strong> building & construction sec<strong>to</strong>r in the Asia-Pacific region is predicted <strong>to</strong> fuel<br />
the growth of resorcinol industry over the forecast period. <strong>Resorcinol</strong> is widely adopted for bonding purposes,<br />
involving rubber <strong>and</strong> reinforcing cords. <strong>Resorcinol</strong> is also used for manufacturing of various rubber products<br />
such as belt, tire, <strong>and</strong> rubber-coated fabric, thereby, soaring dem<strong>and</strong> in au<strong>to</strong>motive industries, in the recent<br />
years.<br />
Get a Sample Copy of This Report @<br />
https://www.millioninsights.com/industry-reports/resorcinol-market/request-sample
The rise in per capita income in developing economies across the globe has led <strong>to</strong> a rise in the dem<strong>and</strong> for<br />
au<strong>to</strong>motive vehicles. Significant investment by industry players in research & development of resorcinol co<strong>up</strong>led<br />
with introduction of innovative products in the market is anticipated <strong>to</strong> offer lucrative opportunities for industry<br />
players in the <strong>up</strong>coming years.<br />
<strong>Resorcinol</strong> acts as an intermediate for the production of light screening chemical, which is used for protection<br />
of plastics against ultra-violet rays. <strong>Resorcinol</strong> is also utilized for production numerous pharmaceutical products<br />
such as flame-retardants, fungicidal creams, ointments, <strong>and</strong> various agriculture chemicals.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/resorcinol-market<br />
Rubber is considered as one of the fastest growing segment in the resorcinol market with substantial revenue<br />
generation in the last co<strong>up</strong>le of years. Growing popularity of the rubber market segment is attributed <strong>to</strong> the<br />
wide range of application portfolio of the chemical. Furthermore, introduction of environmental friendly<br />
products in compliance with governmental laws <strong>and</strong> regulation is expected <strong>to</strong> boost market growth in <strong>up</strong>coming<br />
years.<br />
<strong>Resorcinol</strong> is increasingly utilized for production of tires. Growing dem<strong>and</strong> for resorcinol from au<strong>to</strong>motive<br />
vehicle manufactures, bicycles, <strong>and</strong> aircraft manufactures are estimated <strong>to</strong> amplify market value for resorcinol<br />
in near future. Early adoption of adhesives enhances the rubber compound process stability. It also results in<br />
the increase of static as well as dynamic modulus of rubber. Use of resorcinol improves the overall steel cord<br />
adhesion property while not affecting vulcanization process of rubber; such fac<strong>to</strong>rs are critical for augmenting<br />
consumer dem<strong>and</strong> for resorcinol during the forecast period.<br />
<strong>Resorcinol</strong> normally acts as a strong adhesive, <strong>and</strong> is capable of surviving harsh environmental conditions.<br />
Additionally, inherent properties of resorcinol is expected <strong>to</strong> benefit the segment dem<strong>and</strong> growth in near future<br />
as well. Wide adoption of resorcinol in various wood applications owing <strong>to</strong> the high chemical stability, resistance<br />
<strong>to</strong> solvents, saltwater, acids, <strong>and</strong> oil is further cementing the market growth. <strong>Resorcinol</strong> normally acts as a strong<br />
adhesive, <strong>and</strong> is capable of surviving harsh environmental conditions.<br />
The resorcinol industry is divided by region as North America, Europe, Asia-Pacific, Latin America <strong>and</strong> Africa.<br />
North America has shown major growth in recent years owing <strong>to</strong> the rise in the implementation of latest<br />
technologies, numerous governmental initiatives s<strong>up</strong>porting market growth <strong>and</strong> existence of well-established<br />
industrial infrastructure.<br />
Asia-Pacific region is predicted <strong>to</strong> hold a major market share in the resorcinol market with massive growth in<br />
forecast period. Countries such as India, China <strong>and</strong> Thail<strong>and</strong> are leading the Asia-Pacific market with rapid<br />
industrialization, substantial growth in the au<strong>to</strong>motive sec<strong>to</strong>r, rise in the favorable laws & regulations by<br />
regional governments <strong>and</strong> significant investment by leading industry players considering potential growth
opportunities in the region. The key players in the resorcinol industry are Dynea AS, Sumi<strong>to</strong>mo Chemical Co.<br />
Ltd., Atul Ltd., Sigma-Aldrich, AminoChem, Indspec chemical Co. <strong>and</strong> Mitsui Chemicals Incorporations.<br />
<strong>Market</strong> <strong>Segment</strong>:<br />
<strong>Resorcinol</strong> <strong>Application</strong> Outlook (Revenue, USD Million; Volume Tons, 2014 - <strong>2025</strong>)<br />
• Rubber products<br />
• Wood adhesives<br />
• UV stabilizers<br />
• Flame retardants<br />
• Others<br />
<strong>Resorcinol</strong> Regional Outlook (Revenue, USD Million; Volume Tons, 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.<br />
• Europe<br />
• UK<br />
• Germany<br />
• Asia Pacific<br />
• China<br />
• India<br />
• Japan<br />
• Central & South America<br />
• Middle East & Africa
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/chemicals<br />
Get in <strong>to</strong>uch<br />
At Million Insights, we work with the aim <strong>to</strong> reach the highest levels of cus<strong>to</strong>mer satisfaction. Our<br />
representatives strive <strong>to</strong> underst<strong>and</strong> diverse client requirements <strong>and</strong> cater <strong>to</strong> the same with the<br />
most innovative <strong>and</strong> functional solutions.<br />
Contact Person:<br />
Ryan Manuel<br />
Research S<strong>up</strong>port Specialist, USA<br />
Email: ryan@millioninsights.com<br />
Global Headquarters<br />
Million Insights<br />
Fel<strong>to</strong>n Office Plaza 6265 Highway 9 Fel<strong>to</strong>n, California 95018, United States<br />
Phone: 1-408-610-2300<br />
Email: sales@millioninsights.com<br />
Asia Pacific<br />
Million Insights<br />
Office No. 302, 3rd Floor, Manikch<strong>and</strong> Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016<br />
India<br />
Phone: 91-20-65300184
Change language