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Resorcinol Market 2018 Industry Growth with Key Manufacturers Analysis

Strong demand from sectors such as construction and automobiles and the development of novel products is expected to benefit the market demand. The Global Resorcinol Market is expected to reach USD 580.3 million by 2025, according to a new report by Grand View Research, Inc.
 

Regarding application, rubber products dominated the segment and at an anticipated CAGR of 2.8% from 2017 to 2025. Resorcinol is widely used in the tire manufacturing and as an adhesive. The chemical provides excellent adhesive properties and can be used to bind synthetic as well as metal materials. These advantages coupled with the growth of the automotive industry is expected to favor market growth over the next eight years.

Resorcinol, as well as its derivatives, have the ability to form organic compounds that possess a UV absorbing functional group. This property makes resorcinol based derivatives to be used as UV absorbers in a wide variety of application such as coatings, and paints. The rising demand for UV absorbers across the globe is expected to benefit the overall demand over the forecast period.

The chemical is used to manufacture pharmaceutical products, flame retardants, fungicidal creams & lotions, and agriculture chemicals. The broad application portfolio has benefitted the chemical demand in the recent past, and this scenario is expected to continue over the next eight years.

To Know More About Resorcinol Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/resorcinol-market

Major industry participants have adopted optimized manufacturing processes and dedicated refining processes to provide high-quality resorcinol. Also, companies provide different grades of the product to suit the application needs of the customers. Companies are trying to optimize their production processes to obtain a high grade of the product.

Top Players of Resorcinol Market:

Industry participants include Dynea, Sumitomo Chemical, Atul Ltd, Sigma-Aldrich, AminoChem among others.

Market Segmentation of Resorcinol Market:

The Global Resorcinol Market segmented on the basis of Application, And Region.

By Application:

    Rubber products
    Wood adhesives
    UV stabilizers
    Flame retardants

By Region:

    North America
        US
    Europe
        UK
        Germany
    Asia Pacific
        China
        India
        Japan
    Central & South America
    Middle East & Africa

Inquire about Resorcinol Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2053
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