Global Resorcinol Market Analysis, Growth, Trends & Forecasts 2018-2023, With an Expected CAGR of 3% - ResearchAndMarkets.com

DUBLIN--()--The "Global Resorcinol Market - Segmented by Application, End-user Industry, and Geography - Growth, Trends and Forecasts (2018-2023)" report has been added to ResearchAndMarkets.com's offering.

The Resorcinol Market is expected to register a CAGR of 3% during the forecast period 2018-2023.

Resorcinol is a monomeric byproduct of the oxidation, reduction, and microbial degradation of humic substances. Resorcinol and resorcinol-formaldehyde are used to enhance the bonding between rubber compounds and various reinforcing materials. In 2016, in terms of end-user industry, rubber products had the largest market share.

In the recent years, there has been an increase in the usage of resorcinol in wood binding applications owing to its characteristic properties, like superior adhesion. This increase in the demand is due to the recent surface treatment enhancement techniques, where the persistence of bonding of polymeric adhesives increases. The treated material is called hydroxyl methylated resorcinol (HMR) which is widely used in bonding cotton tire cord to rubber, which maintains adhesion over long periods of robust use.

In 2017, Asia-Pacific held the largest regional market for resorcinol. The growing tire manufacturing industries in the region is one of the factors favoring the market growth. Large-scale investments in countries, like China and India, towards the positive growth of the automotive sector in these regions, fueled by the market for passenger car tires, are expected to provide a lucrative opportunity for market growth.

Companies Mentioned

  • Aldon Corporation
  • AminoChem
  • Atul Ltd
  • Deepak Nitrite Ltd
  • Dynea
  • Jay Organics
  • Mitsui Chemicals
  • Napp Technologies
  • Sigma-Aldrich
  • Sumitomo Chemicals

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

10. Disclaimer

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Related Topics: Disinfectants, Dermatological Drugs , Acne Drugs , Psoriasis Drugs

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Disinfectants, Dermatological Drugs , Acne Drugs , Psoriasis Drugs