As per the latest report by IMARC Group, titled “Resorcinol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global resorcinol market reached a value of US$ 462.2 Million in 2021. Resorcinol (C6H6O2), also known as m-dihydroxybenzene, is a white crystalline phenolic monomer, which has a mild odor and a bittersweet taste. It is soluble in ether, alcohol and water, and becomes pink when exposed to light. It is generally prepared by sulfonating benzene with fuming sulfuric acid and fusing the resulting benzenedisulfonic acid with caustic soda. It usually exists in two crystalline forms, namely the α- and β-form. Amongst these, α-resorcinol is procured through recrystallization from alcohol or benzene or spontaneous transformation from β-resorcinol below 71 degrees Celsius. On the other hand, the β -form is obtained when recrystallization is stable up to about 71 degrees Celsius under normal pressure conditions.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Resorcinol Market Trends:
One of the key factors strengthening the market growth is the application of resorcinol in the rubber industry. It is a vital component of adhesive resins used in the manufacturing of tires for trucks, passenger cars, off-road equipment, and other fiber-reinforced rubber mechanical goods like conveyor and driving belts. Apart from this, due to its cost-effectiveness, chemical stability and resistance to solvents, salt-water, acids and oil, resorcinol is widely utilized as a wood-binding agent. It also finds applications in the production of light screening agents to protect plastic products from ultraviolet (UV) rays. Besides this, it is also employed in the pharmaceutical sector as an antiseptic and disinfectant in topical pharmaceutical products for treating skin disorders and infections, which includes acne, calluses, warts and seborrheic dermatitis. Owing to these factors, the market is expected to grow at a CAGR of 2.51% during 2022-2027.
- Based on the application, the market has been segmented into tire and rubber products, wood adhesives and binders, UV products and dyes, flame retardants, and others.
- On the basis of the production method, the market has been segregated into benzene disulfonation, hydroperoxidation of meta-diisopropylbenzene and hydrolysis of meta-phenylenediamine.
- The market has been analyzed on the basis of the end use industry into automotive, building and construction, healthcare, electrical and electronics, and others.
- Region-wise, the market has been classified into Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); North America (the United States and Canada); Middle East and Africa (Turkey, Saudi Arabia, Iran, the United Arab Emirates and others); and Latin America (Brazil, Mexico, Argentina, Colombia and others).
- The competitive landscape of the market has been examined, with some of the key players being Akrochem Corporation, Aldon Corporation, Alfa Aesar (Thermo Fisher Scientific Inc.), Amino-Chem Co., Ltd., Atul Ltd., Dynea AS, Euram Chemicals Ltd., Indspec Chemical Corporation, Jiangsu Zhongdan Group Co., Ltd., Mitsui Chemicals Inc., Napp Technologies LLC, Sigma-Aldrich Corporation and Sumitomo Chemicals Co. Ltd.
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