#Meta-Dihydroxybenzene Resorcinol Trends

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Global Meta-Dihydroxybenzene Resorcinol Market by Manufacturers, Regions, Type And Application, Forecast To 2023

Global Meta-Dihydroxybenzene Resorcinol Market by Manufacturers, Regions, Type And Application, Forecast To 2023

MarketResearchNest.com adds “Global Meta-Dihydroxybenzene Resorcinol Market Research Report 2018”new report to its research database. The report spread across 161 pages with table and figures in it.   Description:- Meta-Dihydroxybenzene Resorcinol Report by Material, Application, and Geography – Global Forecast to 2022 is a professional and in-depth research report on the world’s major regional…

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Resorcinol Market is Projected to Grow at a CAGR of 4.07% by 2030

According to ChemAnalyst report, “Resorcinol Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Regional Demand, 2015-2030”, Resorcinol market has shown a considerable growth in the last five years and is anticipated to achieve a healthy CAGR of 4.07% during the forecast period 2020-2030. Rising consumption of Resorcinol in automotive and other downstream sectors for the production of tyres and rubber products is expected to drive the demand of Resorcinol, which will further boost its global market over the next ten years. The production of Resorcinol by the manufacturing industries is highly associated with the safety standards on human health as well as environment which further enhances the compliance standards.

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Resorcinol also called m-dihydroxybenzene, having chemical formula C6H4(OH)2, is a phenolic compound. It is a white colored water soluble liquid used in the manufacturing of resins, medicine, plastics, dyes, and numerous other organic compounds. It is synthesized by sulfonation of benzene with fuming sulfuric acid and fusing the resulting benzenedisulfonic acid with caustic soda in large quantities. Resorcinol is used in the treatments of eczema, acne, seborrheic dermatitis, psoriasis, and other skin disorders. It also helps in the removal of hard, scaly, or roughened skin. Resorcinol find its applications in many chemical industries including personal care, dyestuff, personal care, pharmaceuticals, plastic, and rubber, and others.

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The strong demand of Resorcinol by the automotive and construction sector coupled with the prevalent awareness of its usage is expected to bolster the overall demand of Resorcinol, thereby boosting the global market over the next ten years. Resorcinol is widely used as an adhesive medium between rubber and reinforcing cords in the rubber products like belt, tires, and rubber-coated fabrics which are utilized in the automotive industries. Using Resorcinol as a bonding or stiffing agent across numerous downstream industries owing to its ability to bond compounds such as wooden & rubber products well to various types of surfaces is likely to augment the growth of global Resorcinol market in upcoming years.

Global Resorcinol Market is segmented based on end-user industry, manufacturing process, distribution channel and region. Based on end-user industry, market is segregated into Building & Construction, Electrical & Electronics, Healthcare, Automotive, Dyes, Explosives and Others. Among which, Automotive industry holds the largest share of total Resorcinol demand, which is more than 30% in 2020 due to its usage as an adhesive for tire and rubber manufacturing. Healthcare end-user industry use Resorcinol as UV stabilizer, flame retardants etc. It is used as a raw material in the production of UV absorbers, used in various resins viz., coatings, adhesives and plastics to protect them from harmful UV light. In terms of the manufacturing process, the global Resorcinol market is segmented Benzene Sulfonation process and Meta-Diisopropylbenzene Peroxidation process.

In 2020, due to the outbreak of COVID-19, there has been an unprecedented fall in the overall demand of Resorcinol. Many manufacturing & processing sectors including automotive, construction, electronics, and others were affected drastically. However, pharmaceutical industry witnessed a positive impact in the demand of Resorcinol during the covid times as it utilizes Resorcinol for the manufacturing of various pharma drugs, fungicidal creams etc.

Region wise, Asia Pacific Region is dominating the global Resorcinol market and is expected to maintain its dominance in the future as well. Rapid industrialization and mounting automotive and construction industry in emerging countries like China and India are the major drivers for the dominance in the region in 2020. Furthermore, initiatives by the government towards buildings & developing infrastructure would also boost the demand of Resorcinol in the region in upcoming years.

According to ChemAnalyst report, “Resorcinol Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Regional Demand , 2015-2030”, some of the major players operating in Resorcinol market include Sumitomo Chemicals, Aldon Corporation, Tokyo Chemical Industry Co. Ltd, Zhejiang Hongsheng Chemical Co Ltd, Lanxess AG, Atul Ltd, Kraeber & Co. GmbH, Alfa Aesar, Akrochem Corporation, Jiangsu Zhongdan Group Co., Ltd., Dynea AS, Amino-Chem Co. Ltd., Napp Technologies, and Others.

Resorcinol is used as a medium for adhesion between rubber and reinforcing cords. The rubber products for which it is used include belt, tire, and rubber-coated fabric. All these materials are extensively utilized in the automobile industries.

“Rising demand of Resorcinol by the automotive and rubber industry to produce various rubber-based products is likely to boost the Resorcinol market around the world in upcoming years. The increasing disposable income across the globe has led to rise in the demand for automobiles. Rising trends in the market regarding Resorcinol and its production is expected to benefit its global demand until 2030. Increasing sales of electric cars will also propel the demand of Resorcinol in the automotive industry in upcoming years. It is projected that in the forecast period, the tire sector will dominate the global Resorcinol market as in 2019, Global tire production reached a good volume over 200 million units and is further expected to grow at a healthy CAGR in the next ten years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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Resorcinol Market Report 2021-2026: Size, Growth, Share, Price, Competitive Analysis, and Forecast

As per the latest report by IMARC Group, titled “Resorcinol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global resorcinol market size exhibited moderate growth during 2015-2020. Looking forward, the global resorcinol market is expected to grow at a CAGR of 3% during 2021-2026. Resorcinol (C6H6O2), also known as m-dihydroxybenzene, is a white crystalline phenolic monomer, which has a mild odor and a bittersweet taste. It is soluble in ether, alcohol and water, and becomes pink when exposed to light. It is generally prepared by sulfonating benzene with fuming sulfuric acid and fusing the resulting benzenedisulfonic acid with caustic soda. It usually exists in two crystalline forms, namely the α- and β-form. Amongst these, α-resorcinol is procured through recrystallization from alcohol or benzene or spontaneous transformation from β-resorcinol below 71 degrees Celsius. On the other hand, the β -form is obtained when recrystallization is stable up to about 71 degrees Celsius under normal pressure conditions.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

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Global Resorcinol Market Trends:

One of the key factors strengthening the market growth is the application of resorcinol in the rubber industry. It is a vital component of adhesive resins used in the manufacturing of tires for trucks, passenger cars, off-road equipment, and other fiber-reinforced rubber mechanical goods like conveyor and driving belts. Apart from this, due to its cost-effectiveness, chemical stability and resistance to solvents, salt-water, acids and oil, resorcinol is widely utilized as a wood-binding agent. It also finds applications in the production of light screening agents to protect plastic products from ultraviolet (UV) rays. Besides this, it is also employed in the pharmaceutical sector as an antiseptic and disinfectant in topical pharmaceutical products for treating skin disorders and infections, which includes acne, calluses, warts and seborrheic dermatitis.

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Key Market Segmentation:

Competitive Landscape with Key Player:

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.

Market Breakup by Application:

Tire and Rubber Products

Wood Adhesives and Binders

UV Products and Dyes

Flame Retardants

Others

Market Breakup by Production Method:

Benzene Disulfonation

Hydroperoxidation of Meta-Diisopropylbenzene

Hydrolysis of Meta-Phenylenediamine

Market Breakup by End-Use Industry:

Automotive

Building and Construction

Healthcare

Electrical and Electronics

Others

Market Breakup by Region:

North America

Asia Pacific

Europe

Latin America.

Key Highlights of the Report:

Market Performance (2015-2020)

Market Outlook (2021- 2026)

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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