Growing Automotive and Construction Industries Drive Global Resorcinol Market to $551.6 Million by 2028

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Sep 05, 2023, 19:15 ET

DUBLIN, Sept. 5, 2023 /PRNewswire/ -- The "Resorcinol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global resorcinol market achieved a value of $475.9 million in 2022. Looking ahead, the market is projected to reach $551.6 million by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 2.42% during the period from 2023 to 2028.

Resorcinol, a white crystalline solid soluble in alcohol, ether, and water, is used in various industries such as rubber, chemicals, automotive, and construction. It enhances adhesive strength, acts as a wood-binding agent, and finds applications in fire retardants, dyes, UV stabilizers, explosives, and herbicides.

Market Drivers and Trends

The growing automotive industry and increasing wood usage in construction are driving the market. Resorcinol is used as a wood-binding agent due to its cost-effectiveness, stability, and resistance to various factors.
The compound is used in manufacturing light screening agents for UV protection of plastic products.
Resorcinol is used as a binding medium for rubber and reinforcing cords in automotive products like belts, tires, and rubber-coated fabrics.
It's utilized in non-halogenated flame-retardants and agricultural chemicals production.
Medical applications include use as an antiseptic and disinfectant in skincare products for treating various skin-related ailments.

Market Segmentation

The global resorcinol market is segmented by application, production method, end-use industry, and region:

Application:

Tire and Rubber Products
Wood Adhesives and Binders
UV Products and Dyes
Flame Retardants
Others

Production Method:

Benzene Disulfonation
Hydroperoxidation of Meta-Diisopropylbenzene
Hydrolysis of Meta-Phenylenediamine

End-Use Industry:

Automotive
Building and Construction
Healthcare
Electrical and Electronics
Others

Region:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

Competitive Landscape

Key players in the resorcinol market include 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., and more.

Key Questions Answered in This Report:

How has the global resorcinol market performed so far and how will it perform in the coming years?
What are the key regional markets in the global resorcinol industry?
What has been the impact of COVID-19 on the global resorcinol market?
What is the breakup of the market based on the application?
What is the breakup of the market based on the production method?
What is the breakup of the market based on the end-use industry?
What are the various stages in the value chain of the global resorcinol industry?
What are the key driving factors and challenges in the global resorcinol industry?
What is the structure of the global resorcinol industry and who are the key players?
What is the degree of competition in the global resorcinol industry?

For more information about this report visit https://www.researchandmarkets.com/r/kuz1ur

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