Resorcinol Market 2021-2026: Global Share, Demand, Size, Key Players, Business Growth, and Outlook
- raveenaimarc
- Jul 9, 2021
- 3 min read
As per the latest report by IMARC Group, titled “Resorcinol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global resorcinol market share exhibited moderate growth during 2015-2020. Looking forward, the global resorcinol market is expected to grow at a CAGR of 3% during 2021-2026. 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.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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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.
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Key Market Segmentation:
Competitive Landscape with Key Player:
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
Sumitomo Chemicals Co. Ltd.
Market Breakup by Application:
Tire and Rubber Products
Wood Adhesives and Binders
UV Products and Dyes
Flame Retardants
Others
Market Breakup by Production Method:
Benzene Disulfonation
Hydroperoxidation of Meta-Diisopropylbenzene
Hydrolysis of Meta-Phenylenediamine
Market Breakup by End-Use Industry:
Automotive
Building and Construction
Healthcare
Electrical and Electronics
Others
Breakup by Region:
North America
Asia Pacific
Europe
Latin America.
Key Highlights of the Report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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