According to Technavio’s latest market research study, the global resorcinol market is expected to grow at a CAGR of over 3% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global resorcinol market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
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The top three revenue contributing application segments are discussed below:
Global resorcinol market for tire and rubber manufacturing application: The increased consumption of resorcinol in the tire and rubber manufacturing application can be attributed to the fact that it enhances the bonding strength between rubber compounds and reinforcing materials. Resorcinol-formaldehyde latex (RFL) and dry bonding adhesion technologies are the two major areas in which the consumption of the compound is increasing. The major application of resorcinol is in manufacturing rubber tires for automobiles, motorcycles, bicycles, off-the-road vehicles, and aircraft.
“Resorcinol is also used for manufacturing mechanical rubber goods, such as conveyor belts, power transmission belt, v-belts, and others. The growth of the market is largely dependent on the production of tire and mechanical rubber goods,” says Ajay Adikhari, a lead analyst at Technavio for research on specialty chemicals.
Global resorcinol market for UV products and dyes application: Resorcinol and its derivatives are used in UV products and dyes as they provide protection by absorbing harmful UV radiations. The compound is used as a chemical intermediate during the manufacture of specialty chemicals to protect plastics from harsh UV radiations. China, India, and Japan, are the largest consumers of UV products in APAC. The increasing demand in the region can be attributed to a strong industrial base of automotive and packaging industries.
Global resorcinol market for wood adhesives and binders application: Resorcinol is a key ingredient used for manufacturing wood adhesives and binders. This can be attributed to its durability, high strength, and long storage life. Resorcinol increases the penetration of binders and adhesives through wood. Therefore, adhesives based on resorcinol are widely used in products that are exposed to high humidity. The construction and boat building industries are the major consumers of wood adhesives and binders.
The top vendors operating in the global resorcinol market are:
- Akrochem Corporation
- Alfa Aesar, Thermo Fisher Scientific
- Atul
- INDSPEC Chemical Corporation
- JIANGSU ZHONGDAN GROUP
- Kraeber & Co.
- Sumitomo Chemical
Other prominent vendors in the market include Amino-Chem, EMCO Dyestuff, GFS Chemicals, Haihang Industry, Jay Organics, Nippy Chemicals, Parchem Fine & Specialty Chemicals, Sanjay Chemicals (India), Sino Legend (China) Chemical Company, and Sinoright International Trade.
A more detailed analysis is available in the Technavio report titled, ‘Global Resorcinol Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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