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Covid-19 Impact Analysis on Resorcinol Market

 

Global Resorcinol Market: Snapshot

Resorcinol is an organic compound that finds application in a wide range of end-use industries. Thus, its increased utilization of resorcinol in the manufacturing of wood adhesives, rubber, and UV stabilizers is likely to boost demand opportunities in the global resorcinol market during the tenure of 2020 to 2030.

TMR’s upcoming research report on the resorcinol market gives complete analysis of drivers, restraints, challenges, and opportunities in this market. Thus, the report is a helpful tool to gain reliable data on this market.

Global Resorcinol Market: Growth Dynamics

Resorcinol finds application as a medium for adhesion between reinforcing cords and rubber. It is widely used in the manufacturing of various rubber products utilized in the automotive sector. The list of such products includes tire, belt, and rubber-coated fabric. Thus, increased sales in automotive sector is likely to positively impact on the development of the global resorcinol market during assessment period.

The resorcinol market is estimated to expand at rapid pace on the back of increased use of resorcinol in the production of flame retardants, pharmaceutical products, agriculture chemicals, and fungicidal creams and lotions.

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Global Resorcinol Market: Competitive Analysis

The competitive landscape of the resorcinol market is highly intense due presence of many players in it. Major market players are eyeing maintenance of ISO certified manufacturing plants.

The list of key players in the global resorcinol market includes:

·         Alfa Aesar

·         Kraeber & Co. GmbH

·         Jiangsu Zhongdan Group Co., Ltd.

·         Akrochem Corporation

·         Amino-Chem Co. Ltd.

·         Dynea AS

·         Atul Ltd

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Global Resorcinol Market: Regional Assessment

On regional front, Asia Pacific is likely to maintain its dominance in the resorcinol market during the assessment period of 2020–2030. Key reason attributed to this dominance is swift industrialization in developing countries such as India and China.

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