Reports and Data estimates the global Resorcinol competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Resorcinol during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Alfa Aesar, Dynea AS, Kraeber & Co. GmbH, Sumitomo Chemicals Co. Ltd., Atul Ltd., Indspec Chemical Corporation, Jiangsu Zhongdan Chemical Group Corporation, Akrochem Corporation, Euram Chemicals Ltd., and Sigma-Aldrich, among others.
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Resorcinol Overview :-
Chemical compounds obtained from the resorcinol may be effective and potent medicines. It finds application as an antiseptic and sanitizer/sterilizer in topical drugs used in the treatment of skin infections and disorders, including acne, eczema, seborrheic dermatitis, psoriasis, calluses, corns, and warts. Resorcinol functions by assisting in removing scaly, hard, or roughened skin.
Growing demand for resorcinol in tire production is one of the significant factors influencing the market growth. Resorcinol is commercially used to enhance the adhesion of inorganic and organic reinforcing materials to rubber. The primary use for rubber (natural/synthetic) is in the production of tires for passenger cars, racing cars, motorcycles, bicycles, off-the-road vehicles, trucks, and aircraft. Similarly, the primary application of resorcinol in the current scenario is as a stiffening/ bonding agent in rubber deployed for making tires and the primary reason for using resorcinol in tires is to enhance the adhesive property of the rubber to the underlining material under real-time service conditions, such as, speed and moisture which result in heat buildup. Also, resorcinol contributes to interlayer adhesion of the rubber compound. The market in the Asia Pacific region dominated the market in 2020. The market dominance of the APAC region is owing to the growing demand for resorcinol, especially in the production of rubber products such as tires, and a rise in the level of disposable income of people in the region, among others.
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For the purpose of this report Reports and Data has segmented global Resorcinol market on the basis of type, application, and region:
Production Method Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
· Benzene Sulfonation
· Meta-Diisopropylbenzene Preoxidation
Distribution Channel Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
· Rubber Products
· UV Stabilization
· Wood Adhesives
· Flame Retardants
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
· What is the expected year-on-year growth of the Resorcinol during the forecast period?
· What key trends are expected influence revenue growth of the market going ahead?
· Which region is expected to account for largest revenue share over the forecast period?
· Which key companies are profiled in the report?
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