DUBLIN--(BUSINESS WIRE)--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.
- Aldon Corporation
- Atul Ltd
- Deepak Nitrite Ltd
- Jay Organics
- Mitsui Chemicals
- Napp Technologies
- Sumitomo Chemicals
Key Topics Covered:
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
For more information about this report visit https://www.researchandmarkets.com/research/4ctqdf/global_resorcinol?w=4