Resorcinol is an organic compound in the form of white crystalline solid. The compound is made up of benzenediol. The physical properties of resorcinol include its readily soluble nature in alcohol, water and ether. It has wide scale of medical applications such as rubber tire production and cosmetics as well as pharmaceuticals. Resorcinol is found in acne meditation, hair dyes and tires. But the major factor retraining or hindering its growth is the side effects associated with resorcinol. The major health problems include, damaging of central nervous system, and endocrine system which leads to both respiratory problems and thyroid dysfunction. Geographically, Asia Pacific is expected to remain as major market of resorcinol.This growth is primarily driven by Growth of the End User Industries and Rising Demand for Tires.
Globally, a noticeable market trend is evident Automotive Sector Accounts for one of the Largest Segment. Major Vendors, such as Dynea AS (Norway), Kraeber & Co GmbH (Germany), Kautschuk-Group (Germany), Sigma-Aldrich (United States), Akrochem Corporation (United States), Atul Ltd. (India), TWC Group (United States), Jiangsu Zhongdan Group Co. Ltd. (China), Sumitomo Chemical Co. Ltd. (Japan) and Shanghai Amino-Chem Co. Ltd. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In 2020, Akrochem Corp., US based industry leader in rubber chemicals and compounding materials has announced signing of an agreement with SI Group, which produces high performance additives, pharmaceutical ingredients, and others. The move is expected to expand Akrochemís supply network and consolidate SI Groupís rubber business.
- Growth of the End User Industries
- Rising Demand for Tires
- Automotive Sector Accounts for one of the Largest Segment
- Recent Pandemic has had Severe Negative Impact on Automotive Market
Innovation in Tire and Increasing Rubber Industry Applications
Several Side Effects associated with Medical Applications of Resorcinol and Adopting more Sustainable Practices for Production of Resorcinol
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Resorcinol Study Sheds Light on
ó The Resorcinol Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Resorcinol industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
ó Where Resorcinol industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
ó How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.