Global Resorcinol Market, By Production Method (Benzene Disulfonation, Hydroperoxidation of Meta-Diisopropylbenzene, Hydrolysis of Meta-Phenylenediamine), Application (Flame Retardants, Fungicidal creams, UV Stabilizers, Tires and Rubber Products, Wood Adhesives, Others), End User (Building and Construction, Healthcare, Automotive, Electrical and Electronics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Resorcinol Market
Resorcinol market size is expected to grow at a compound annual growth rate of 3.5% for the forecast period of 2021 to 2028. Data Bridge Market Research report on resorcinol market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Resorcinol also known as resorcin is a type of crystalline solid which is white in color and soluble in ether, alcohol and water. It has a somewhat bittersweet taste and is produced by melting resins. This organic compound improves the adhesive strength of rubber and wood products and is also used in the manufacturing of fire retardants, UV stabilizers, dyes, explosives and herbicides
The rise in the usage of wood in the construction of residential and commercial complexes across the globe is expected to influence the growth of the resorcinol market. In line with this, the rapid industrialization and high growth in the furniture industry are also anticipated to act as key determinants favoring the growth of the resorcinol market over the forecast period of 2021 to 2028. Also the, rise in the prevalence of skin-related medical ailments and rise in the utilization of resorcinol as an antiseptic and disinfectant in skincare products are also expected to positively impact the growth of the resorcinol market. The major factor accountable for the growth of the market is the high adoption of solar energy systems.
However, the declining automotive industry and complex production process are likely to act as key restraints towards resorcinol market growth rate in the forecast period of 2021 to 2028, whereas the handling of resorcinol poses serious issues as it is toxic in nature and causes skin and eye irritation which can challenge the growth of the resorcinol market in the above mentioned forecast period.
Furthermore, the rapid rise in the rubber industry, increase in the investment of research and development and rise in demand from tire industry are expected to offer a variety of growth opportunities for the resorcinol market in the above mentioned forecast period.
This resorcinol market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on resorcinol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Resorcinol Market Scope and Market Size
Resorcinol market is segmented on the basis of production method, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of production method, the resorcinol market is segmented into benzene disulfonation, hydroperoxidation of meta-diisopropylbenzene and hydrolysis of meta-phenylenediamine.
- Based on application, the resorcinol market is segmented into flame retardants, fungicidal creams, UV stabilizers, tires and rubber products, wood adhesives and others.
The end user segment for resorcinol market is segmented into building and construction, healthcare, automotive, electrical and electronics and others.
Resorcinol Market Country Level Analysis
Resorcinol market is analyzed and market size, volume information is provided by country, production method, application and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the resorcinol market because of the rapid industrialization in emerging countries such as India and China and the high growth of the automotive sector. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the strong presence and substantial growth in the furniture industry.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Resorcinol Market Share Analysis
Resorcinol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to resorcinol market.
The major players covered in the resorcinol market report are Kraeber & Co GmbH, Akrochem Corporation, JIANGSU ZHONGDAN GROUP CO.,LTD., Dynea AS, Amino-Chem Co. Ltd., Sumitomo Chemical Co., Ltd., Atul Ltd., TWC Group, Tokyo Chemical Industry Co., Ltd, LANXESS, Aldon Corporation, Sumitomo Chemical Advanced Technologies, Jay Organics Pvt. Ltd., EMCO Dyestuff, Fengchen Group Co.,Ltd., LABDHI CHEMICALS, Kautschuk Group, Ottokemi, Yufeng International Co.,Ltd., and Jayvir Dye Chem among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.