APAC to Lead Global Resorcinol Market During Forecast Period
According
to TechSci Research report,“Global Resorcinol Market By End-User Industry, By Manufacturing Process, By Application, By
Region, Competition, Forecast & Opportunities, 2025”, global
resorcinol market is expected to grow steadily over the forecast period. Growing
automotive industry coupled with increasing usage of wood in the construction
of residential and commercial complexes across the globe are the major factors
that are projected to contribute to the market growth over the next five years.
Rapid expansion of automotive sector globally is driving the need for various
rubber-based products, including tires, belts and rubber-coated fabrics, which
is providing a boost to the market growth. Furthermore, rising usage of the
compound during the production of non-halogenated flame-retardants and various
agricultural chemicals is further aiding the growth of global resorcinol market
across the globe.
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Global
resorcinol market can be segmented based on end-user industry, manufacturing process, application and
region. Considering the end-user industry, the market is fragmented into building
& construction, healthcare, automotive, electrical & electronics, dyes,
explosives and others. The automotive sector is anticipated to register high
growth during the forecast period. This growth can be attributed to its use as
an essential component in automobile tire manufacturing, along with synthetic
rubber latex and formaldehyde in manufacturing tires for trucks, off-road
equipment and other fiber reinforced mechanical materials including conveyor
belts among others.
Sumitomo
Chemicals, Aldon Corporation, AminoChem, Dynea, Mitsui Chemicals, Napp
Technologies, Zhejiang Hongsheng Chemical Co Ltd, Indspec Chemical, Atul Ltd, among
others are the leading players operating in global resorcinol market.
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“Asia-Pacific is forecast to dominate the global resorcinol market in
the next 5 years on the account of rapid industrialization in India & China.
Moreover, high growth of the automotive sector in the region and rising
government initiatives to promote and revitalize the construction industry are
further boosting the regional market growth.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Resorcinol Market By End-User Industry, By Manufacturing
Process, By Application, By Region, Competition, Forecast & Opportunities,
2025” has
evaluated the future growth potential of global resorcinol market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global resorcinol market.
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