Global “Resorcinol Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Resorcinol in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Resorcinol Market report categorizes the market based on manufacturers, regions, type, and application. Resorcinol Market reports offer a detailed assessment of the Resorcinol including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Resorcinol market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The Resorcinol Market is expected to register a CAGR of 3% during the forecast period (2018 – 2023). The resorcinol market has been majorly driven by the growing demand from Asia-Pacific. The increase in demand has been caused by the increase in a number of end-user industries, including rubber & tire, wood adhesives, pharmaceuticals, and agrochemicals.
Growing Demand of Resorcinol-Formaldehyde in Rubber Industry
Resorcinol is a monomeric byproduct of the oxidation, reduction, and microbial degradation of humic substances. Resorcinol and resorcinol-formaldehyde are used to enhance the bonding between rubber compounds and various reinforcing materials. In 2016, in terms of end-user industry, rubber products had the largest market share. This can be attributed to the many factors, such as growth in the tire industry due to the increase in consumption from automotive sectors, which have been expected to drive the market growth in the future years.
Wood Binding Application is the Fastest Growing
In the recent years, there has been an increase in the usage of resorcinol in wood binding applications owing to its characteristic properties, like superior adhesion. This increase in the demand is due to the recent surface treatment enhancement techniques, where the persistence of bonding of polymeric adhesives increases. The treated material is called hydroxyl methylated resorcinol (HMR) which is widely used in bonding cotton tire cord to rubber, which maintains adhesion over long periods of robust use. The growth in tire cord application is propelling the demand for the resorcinol market.
Asia-Pacific to Lead the Market
In 2017, Asia-Pacific held the largest regional market for resorcinol. The growing tire manufacturing industries in the region is one of the factors favoring the market growth. Large-scale investments in countries, like China and India, towards the positive growth of the automotive sector in these regions, fueled by the market for passenger car tires, are expected to provide a lucrative opportunity for market growth. The government initiatives in the region, promoting the usage of resorcinol products, are expected to have a positive effect over the forecast period.
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The global Resorcinol market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Resorcinol Market Report covers the Top Key-players in 2021:-
- Aldon Corporation
- Atul Ltd
- Deepak Nitrite Ltd
- Jay Organics
- Mitsui Chemicals
- Napp Technologies
- Sumitomo Chemicals
Highlighted points of Resorcinol Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Resorcinol Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Resorcinol? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Resorcinol Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Resorcinol Market? What Was Capacity, Production Value, Cost and PROFIT of Resorcinol Market?
- What Is Current Market Status of Resorcinol Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Resorcinol Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Resorcinol Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Resorcinol Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Resorcinol Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Resorcinol Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Resorcinol Industry?
Key Developments in the Resorcinol Market:
August 2017: Kordsa and Continental jointly developed a sustainable adhesion system which is eco-friendly in order to replace resorcinol and formaldehyde.
Reasons to Purchase this ReportAnalyzing various perspectives of the market with the help of Porters five forces analysisTo identify the application that is expected to dominate the marketTo identify regions that are expected to witness the fastest growth during the forecast periodIdentify the latest developments, market shares, and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet (in Excel)
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Finally, the report Global Resorcinol Market 2021 describes the Resorcinol industry expansion game plan, the Resorcinol industry knowledge supply, appendix, analysis findings, and the conclusion.
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