Resorcinol Market Size & Forecast Report, 2014 - 2025

The global resorcinol market size is expected to value at USD 580.3 million by 2025. The resorcinol industry is subject to witness substantial growth due to the growing adoption of resorcinol for the production of rubber, wood adhesives, and UV stabilizers, along with inherent advantages associated with the chemical. Growing demand from industries such as building & construction and the automotive sector and the development of innovative products together are expected to drive the growth of the market in the upcoming years. Globally, the resorcinol market is predicted to grow at a CAGR of 3.3% in the forecast period, providing numerous opportunities for market players to invest in research and development in the market.

Resorcinol termed as a 1,3-Benzenediol is a chemical adhesive, largely utilized for bonding purposes. Resorcinol is a by-product of benzene. Crystallization of benzene results in the formation of resorcinol. Resorcinol is highly soluble in ether, alcohol, and water. Some of the common applications of resorcinol include dyestuff, personal care products, cosmetics, lightweight plastic, and rubber.

The rise of the automotive industry and building & construction sector in the Asia-Pacific region is predicted to fuel the growth of the resorcinol industry over the forecast period. Resorcinol is widely adopted for bonding purposes, involving rubber and reinforcing cords. Resorcinol is also used for the manufacturing of various rubber products such as belt, tire, and rubber-coated fabric, thereby, soaring demand in automotive industries, in recent years.

The rise in per capita income in developing economies across the globe has led to a rise in the demand for automotive vehicles. Significant investment by industry players in the research & development of resorcinol coupled with the introduction of innovative products in the market is anticipated to offer lucrative opportunities for industry players in the upcoming years.

Resorcinol acts as an intermediate for the production of light screening chemicals, which is used for the protection of plastics against ultra-violet rays. Resorcinol is also utilized for the production of numerous pharmaceutical products such as flame-retardants, fungicidal creams, ointments, and various agriculture chemicals.

Rubber is considered as one of the fastest-growing segments in the resorcinol market with substantial revenue generation in the last couple of years. The growing popularity of the rubber market segment is attributed to the wide range of application portfolios of the chemical. Furthermore, the introduction of environmentally friendly products in compliance with governmental laws and regulations is expected to boost market growth in upcoming years.

Resorcinol is increasingly utilized for the production of tires. Growing demand for resorcinol from automotive vehicle manufacturers, bicycles, and aircraft manufacturers are estimated to amplify market value for resorcinol in near future. Early adoption of adhesives enhances the rubber compound process stability. It also results in the increase of static as well as dynamic modulus of rubber. The use of resorcinol improves the overall steel cord adhesion property while not affecting the vulcanization process of rubber; such factors are critical for augmenting consumer demand for resorcinol during the forecast period.

Resorcinol normally acts as a strong adhesive and is capable of surviving harsh environmental conditions. Additionally, the inherent properties of resorcinol are expected to benefit the segment demand growth in the near future as well. Wide adoption of resorcinol in various wood applications owing to the high chemical stability, resistance to solvents, salt water, acids, and oil is further cementing the market growth. Resorcinol normally acts as a strong adhesive and is capable of surviving harsh environmental conditions.

The resorcinol industry is divided by region as North America, Europe, Asia-Pacific, Latin America, and Africa. North America has shown major growth in recent years owing to the rise in the implementation of the latest technologies, numerous governmental initiatives supporting market growth, and the existence of well-established industrial infrastructure.

Asia-Pacific region is predicted to hold a major market share in the resorcinol market with massive growth in the forecast period. Countries such as India, China, and Thailand are leading the Asia-Pacific market with rapid industrialization, substantial growth in the automotive sector, rise in the favorable laws & regulations by regional governments, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the resorcinol industry are Dynea AS, Sumitomo Chemical Co. Ltd., Atul Ltd., Sigma-Aldrich, AminoChem, Indspec chemical Co. and Mitsui Chemicals Incorporations.

Market Segment:

Resorcinol Application Outlook (Revenue, USD Million; Volume Tons, 2014 - 2025)
    • Rubber products
    • Wood adhesives
    • UV stabilizers
    • Flame retardants
    • Others

Resorcinol Regional Outlook (Revenue, USD Million; Volume Tons, 2014 - 2025)
    • North America
        • the U.S.
    • Europe
        • the UK
        • Germany
    • the Asia Pacific
        • China
        • India
        • Japan
    • Central & South America
    • Middle East & Africa