The global resorcinol market is expected to grow at a CAGR of nearly 4% during 2020-2025. Resorcinol, or resorcin, is a crystalline solid that is white in color and soluble in alcohol, ether and water. It has a slightly bittersweet taste and is produced by melting resins, such as asafetida and galbanum with potassium hydroxide (KOH) or by the distillation of brazilwood extract. This organic compound enhances the adhesive strength of rubber and wood products and is used in the manufacturing of fire retardants, dyes, UV stabilizers, explosives and herbicides. Owing to this, it finds extensive application across various industries, including rubber, chemical, automotive, construction, etc.
The growing automotive industry, along with the increasing usage of wood in the construction of residential and commercial complexes across the globe, is among the key factors driving the growth of the market. Resorcinol is widely used as a wood-binding agent, owing to its high cost-effectiveness, chemical stability, resistance to solvents, salt-water, acids, and oil. It also finds applications in the manufacturing of light screening agents to protect plastic products against ultraviolet (UV) rays. Furthermore, with the growth of the automotive sector, there is an emerging need for various rubber-based products, including belts, tires and rubber-coated fabrics. This is acting as another growth-inducing factor as these products utilize resorcinol as a binding medium for rubber and reinforcing cords. Additionally, increasing utilization of the compound in the production of non-halogenated flame-retardants and various agricultural chemicals is also providing a boost to the market growth. Moreover, the increasing prevalence of skin-related medical ailments is increasing the utilization of resorcinol as an antiseptic and disinfectant in skincare products for the treatment of acne, psoriasis, eczema, calluses, and warts.
IMARC Group’s latest report provides a deep insight into the global resorcinol market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the resorcinol market in any manner.
Breakup by Application:
Based on the application, tire and rubber products currently account for the highest market share.
Breakup by Production Method:
Based on the production method, benzene disulfonation currently holds the majority of the market share.
Breakup by End-Use Industry:
Based on the end-use, automotive industry currently accounts for the largest market share.
Breakup by Region:
Based on geography, Asia Pacific currently represents the biggest market for resorcinol.
The report has also analysed the competitive landscape of the market with some of the key players being Akrochem Corporation, Aldon Corporation, Alfa Aesar, Amino-Chem Co. Ltd., Atul Ltd., Dynea AS, Euram Chemicals Ltd, Indspec Chemical Corporation, Jiangsu Zhongdan Group Co., Ltd., Kraeber & Co. GmbH, Mitsui Chemicals, Napp Technologies, Sigma-Aldrich, Sumitomo Chemicals Co. Ltd., etc.
Key Questions Answered in This Report:
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