Resorcinol Market Strategic Assessment, Market Growth And Forecasts To 2028

1
Resorcinol Market To Reach USD 609.0 Million By
2027
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Market Summary
Market Size USD 486.4 million in 2019, Market
Growth - CAGR of 2.8, Market Trends Growth of
the construction industry
The Global Resorcinol Market is expected to reach
USD 609.0 Million by 2027, according to a new
report by Reports and Data. The growth of the
market is attributed to the growing demand for
resorcinol in end-use applications. Growing
demand for resorcinol in tire production is one
of the significant factors influencing the market
growth. Resorcinol is commercially used to
enhance the adhesion of inorganic and organic
reinforcing materials to rubber. 

• Further key findings from the report suggest
• Resorcinol is produced commercially across the
  globe where benzene is used as the major
  feedstock, and only two production methods are
  used on a large scale for commercial purposes. Of
  the two production methods, resorcinol is
  primarily produced by sulfonation of benzene
  under conditions supporting replacement in the
  meta position trailed by anhydrous caustic
  fusion.
• By distribution channel, the online distribution
  channel is projected to grow at a faster rate of
  4.9 in the period 2020-2027, as this mode of
  distribution has the advantage of providing a
  broader exposure to the product produced by the
  manufacturers, especially with the proliferation
  of smart devices and internet connectivity.
• The application of resorcinol as UV stabilizers
  contributed to the second largest market share in
  2019 and is likely to grow at a rate of 2.3 in
  the forecast period. Resorcinol is used in the
  production of UV absorbers, which are used in
  widespread applications including plastics,
  coatings, adhesives, along with elastomers to
  shield them from the adverse effect of UV
  radiation.

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Market Summary
Key Players
Alfa Aesar, Dynea AS, Kraeber Co. GmbH,
Sumitomo Chemicals Co. Ltd., Atul Ltd., Indspec
Chemical Corporation, Jiangsu Zhongdan Chemical
Group Corporation, Akrochem Corporation, Euram
Chemicals Ltd., and Sigma-Aldrich, among others.
Segmentation

• Production Method Outlook (Volume, Kilo Tons
  2017-2027 and Revenue, USD Million 2017-2027)
• Benzene Sulfonation
• Meta-Diisopropylbenzene Preoxidation
• Distribution Channel Outlook (Volume, Kilo Tons
  2017-2027 and Revenue, USD Million 2017-2027)
• Online
• Offline
• Application Outlook (Volume, Kilo Tons 2017-2027
  and Revenue, USD Million 2017-2027)
• Rubber Products
• UV Stabilization
• Wood Adhesives
• Flame Retardants
• Others

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Market Summary

• Regional Outlook (Revenue, USD Billion
  2017-2027)
• North America
• The U.S.
• Canada
• Europe
• Germany
• UK
• France
• BENELUX
• Rest of Europe
• Asia Pacific
• China
• Japan
• Rest of APAC
• MEA
• Saudi Arabia
• Rest of MEA
• Latin America
• Brazil

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The report emphasizes the following key questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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