According to ChemAnalyst report, “Global Resorcinol Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032”, The global Resorcinol market has expanded remarkably in the historic period of 2015-2022 and is expected to grow at a CAGR of 3.94% during the forecast period until 2032. The rising demand for Resorcinol from the Packaging, Rubber Products, Wood Adhesives, Flame retardants, and UV stabilizers end-use industries, is expected to augment expansion of the Resorcinol market in the forecast period.
Resorcinol is the meta-isomer of benzenediol with the chemical formula C6H4(OH)2. This white crystalline substance known as resorcinol can turn pink or completely transparent when exposed to light, depending on its purity. Resorcinol finds application in various industries such as pharmaceutical, rubber, etc. Topical pharmaceutical medicines that treat skin infections and illnesses such acne, seborrheic dermatitis, eczema, corns, calluses, and warts employ Resorcinol as an antiseptic and disinfectant. Resorcinol has a number of practical and cosmetic applications, including in goods like bonding agent and hair dye, despite the fact that the majority of its qualities and uses are related to skincare. Resorcinol is a powerful adhesive and perhaps more importantly, it is waterproof. While moisture does not impact resorcinol adhesives the way it does most other types of adhesives, this makes it useful for usage in boats or humid situations.
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The main characteristic of Resorcinol is it is being used as a bonding or stiffing agent across numerous industries owing to its ability to bond compounds such as wooden & rubber products well to various types of surfaces. It is widely consumed by the growing automotive & transportation sector in belts, rubber-coated fabric, tires, etc. Resorcinol not only helps in improving the adhesion of rubber to the reinforcing material but also improves the overall mechanical properties of the rubber compound. Meanwhile, the growing pharmaceutical industry utilizes Resorcinol for manufacturing various pharma drugs, and fungicidal creams, which further contribute to the market.
The global Resorcinol market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Resorcinol market is segmented into Rubber Products, Wood Adhesives, Flame retardants, UV stabilizers, and Others. Among these, Rubber Products are dominating the Resorcinol market and captured more than 52% of the market in 2022. The primary commercial usage of resorcinol is to use resorcinol and to enhance the adherence of organic and inorganic reinforcing elements to natural and synthetic rubber compositions.
Regionally, the Asia Pacific region is dominating the Resorcinol market followed by Europe. This region held a market share of approximately 70% in 2022. Europe is the second largest consumer of Resorcinol. Because of the strong demand from growing countries like China and India, the Asia-Pacific region dominated the global market. The fact that the area is the biggest center for automobile manufacturing is driving the region’s resorcinol market’s expansion. Industrialization and expanding the automotive and construction industry in developing countries like India and increasing government initiatives towards buildings & developing infrastructure would also boost the demand for Resorcinol in the region.
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“Global Resorcinol Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032” Major players for Resorcinol globally include Sumitomo Chemical Co., Ltd., Amino-Chem, INDSPEC Chemical Corporation, Mitsui Chemicals, Atul Ltd., Jiangsu Zhongdan Chemical Group Company, and Others.
“The rapidly increasing demand for resorcinol in the rubber and wood industry due to its bonding properties, which are further used in the automotive and construction industry is expected to boost the Resorcinol market in the forecast period until 2032. Additionally, other extensive applications of Resorcinol in the pharmaceutical industry, further contributes to the market. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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