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Report
Resorcinol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-07-05 I 136 Pages I IMARC Group
Market Overview:
The global resorcinol market size reached US$ 475.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 551.6 Million by 2028, exhibiting a growth rate (CAGR) of 2.42% during 2023-2028.
Resorcinol, or resorcin, is a crystalline solid that is white in color and soluble in alcohol, ether and water. It has a slightly bittersweet taste and is produced by melting resins, such as asafetida and galbanum with potassium hydroxide (KOH) or by the distillation of brazilwood extract. This organic compound enhances the adhesive strength of rubber and wood products and is used in the manufacturing of fire retardants, dyes, UV stabilizers, explosives and herbicides. Owing to this, it finds extensive application across various industries, including rubber, chemical, automotive, construction, etc.
The growing automotive industry, along with the increasing usage of wood in the construction of residential and commercial complexes across the globe, is among the key factors driving the growth of the market. Resorcinol is widely used as a wood-binding agent, owing to its high cost-effectiveness, chemical stability, resistance to solvents, salt-water, acids, and oil. It also finds applications in the manufacturing of light screening agents to protect plastic products against ultraviolet (UV) rays. Furthermore, with the growth of the automotive sector, there is an emerging need for various rubber-based products, including belts, tires and rubber-coated fabrics. This is acting as another growth-inducing factor as these products utilize resorcinol as a binding medium for rubber and reinforcing cords. Additionally, increasing utilization of the compound in the production of non-halogenated flame-retardants and various agricultural chemicals is also providing a boost to the market growth. Moreover, the increasing prevalence of skin-related medical ailments is increasing the utilization of resorcinol as an antiseptic and disinfectant in skincare products for the treatment of acne, psoriasis, eczema, calluses, and warts.
IMARC Group's latest report provides a deep insight into the global resorcinol market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the resorcinol market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global resorcinol market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on application, production method and end-use industry.
Breakup by Application:
Tire and Rubber Products
Wood Adhesives and Binders
UV Products and Dyes
Flame Retardants
Others
Based on the application, tire and rubber products currently account for the highest market share.
Breakup by Production Method:
Benzene Disulfonation
Hydroperoxidation of Meta-Diisopropylbenzene
Hydrolysis of Meta-Phenylenediamine
Based on the production method, hydroperoxidation of meta-diisopropylbenzene currently holds the majority of the market share.
Breakup by End-Use Industry:
Automotive
Building and Construction
Healthcare
Electrical and Electronics
Others
Based on the end-use, automotive industry currently accounts for the largest market share.
Breakup by Region:
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
North America
United States
Canada
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others
Latin America
Brazil
Mexico
Argentina
Colombia
Others
Based on geography, Asia Pacific currently represents the biggest market for resorcinol.
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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., etc.
Key Questions Answered in This Report:
How has the global resorcinol market performed so far and how will it perform in the coming years?
What are the key regional markets in the global resorcinol industry?
What has been the impact of COVID-19 on the global resorcinol market?
What is the breakup of the market based on the application?
What is the breakup of the market based on the production method?
What is the breakup of the market based on the end-use industry?
What are the various stages in the value chain of the global resorcinol industry?
What are the key driving factors and challenges in the global resorcinol industry?
What is the structure of the global resorcinol industry and who are the key players?
What is the degree of competition in the global resorcinol industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Resorcinol Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Application
6.1 Tire and Rubber Products
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Wood Adhesives and Binders
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 UV Products and Dyes
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Flame Retardants
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Production Method
7.1 Benzene Disulfonation
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Hydroperoxidation of Meta-Diisopropylbenzene
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Hydrolysis of Meta-Phenylenediamine
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End-Use Industry
8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Building and Construction
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Healthcare
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Electrical and Electronics
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 Asia Pacific
9.1.1 China
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Japan
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.1.3 India
9.1.3.1 Market Trends
9.1.3.2 Market Forecast
9.1.4 South Korea
9.1.4.1 Market Trends
9.1.4.2 Market Forecast
9.1.5 Australia
9.1.5.1 Market Trends
9.1.5.2 Market Forecast
9.1.6 Indonesia
9.1.6.1 Market Trends
9.1.6.2 Market Forecast
9.1.7 Others
9.1.7.1 Market Trends
9.1.7.2 Market Forecast
9.2 Europe
9.2.1 Germany
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 France
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 United Kingdom
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 Italy
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Spain
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Russia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 North America
9.3.1 United States
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 Canada
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Turkey
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Saudi Arabia
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Iran
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.4.4 United Arab Emirates
9.4.4.1 Market Trends
9.4.4.2 Market Forecast
9.4.5 Others
9.4.5.1 Market Trends
9.4.5.2 Market Forecast
9.5 Latin America
9.5.1 Brazil
9.5.1.1 Market Trends
9.5.1.2 Market Forecast
9.5.2 Mexico
9.5.2.1 Market Trends
9.5.2.2 Market Forecast
9.5.3 Argentina
9.5.3.1 Market Trends
9.5.3.2 Market Forecast
9.5.4 Colombia
9.5.4.1 Market Trends
9.5.4.2 Market Forecast
9.5.5 Others
9.5.5.1 Market Trends
9.5.5.2 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Akrochem Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Aldon Corporation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Alfa Aesar (Thermo Fisher Scientific Inc.)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Amino-Chem Co. Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Atul Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Dynea AS
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Euram Chemicals Ltd
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Indspec Chemical Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Jiangsu Zhongdan Group Co., Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Mitsui Chemicals Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Napp Technologies LLC
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Sigma-Aldrich Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Sumitomo Chemicals Co. Ltd.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
Figure 1: Global: Resorcinol Market: Major Drivers and Challenges
Figure 2: Global: Resorcinol Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Resorcinol Market: Breakup by Application (in %), 2022
Figure 4: Global: Resorcinol Market: Breakup by Production Method (in %), 2022
Figure 5: Global: Resorcinol Market: Breakup by End-Use Industry (in %), 2022
Figure 6: Global: Resorcinol Market: Breakup by Region (in %), 2022
Figure 7: Global: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 8: Global: Resorcinol (Tire and Rubber Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Resorcinol (Tire and Rubber Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Resorcinol (Wood Adhesives and Binders) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Resorcinol (Wood Adhesives and Binders) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Resorcinol (UV Products and Dyes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Resorcinol (UV Products and Dyes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Resorcinol (Flame Retardants) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Resorcinol (Flame Retardants) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Resorcinol (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Resorcinol (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Resorcinol (Benzene Disulfonation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Resorcinol (Benzene Disulfonation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Resorcinol (Hydroperoxidation of Meta-Diisopropylbenzene) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Resorcinol (Hydroperoxidation of Meta-Diisopropylbenzene) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Resorcinol (Hydrolysis of Meta-Phenylenediamine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Resorcinol (Hydrolysis of Meta-Phenylenediamine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Resorcinol (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Resorcinol (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Resorcinol (Building and Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Resorcinol (Building and Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Resorcinol (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Resorcinol (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Resorcinol (Electrical and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Resorcinol (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Resorcinol (Other End-Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Resorcinol (Other End-Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia Pacific: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia Pacific: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: North America: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: North America: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: United States: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: United States: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Canada: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Canada: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Middle East and Africa: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Middle East and Africa: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Turkey: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Turkey: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Saudi Arabia: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Saudi Arabia: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Iran: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Iran: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: United Arab Emirates: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: United Arab Emirates: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Others: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Others: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Latin America: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Latin America: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Brazil: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Brazil: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Mexico: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Mexico: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Argentina: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Argentina: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Colombia: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 93: Colombia: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 94: Others: Resorcinol Market: Sales Value (in Million US$), 2017 & 2022
Figure 95: Others: Resorcinol Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 96: Global: Resorcinol Industry: SWOT Analysis
Figure 97: Global: Resorcinol Industry: Value Chain Analysis
Figure 98: Global: Resorcinol Industry: Porters Five Forces Analysis
Table 1: Global: Resorcinol Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Resorcinol Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 3: Global: Resorcinol Market Forecast: Breakup by Production Method (in Million US$), 2023-2028
Table 4: Global: Resorcinol Market Forecast: Breakup by End-Use Industry (in Million US$), 2023-2028
Table 5: Global: Resorcinol Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Resorcinol Market: Competitive Structure
Table 7: Global: Resorcinol Market: Key Players
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