Global Resorcinol Market 2017-2021
Resorcinol is a benzenediol (meta isomer). It is a sweet tasting, white crystalline solid. It becomes pink when exposed to light. It is soluble in water, alcohol, and insoluble in chloroform and carbon disulfide. It is toxic and causes skin and eye irritation. Therefore, its handling and use are subjected to many regulations.
Technavio’s analysts forecast the global resorcinol market to grow at a CAGR of 3.12% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global resorcinol market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Resorcinol Market 2017-2021
Technavio recognizes the following companies as the key players in the global resorcinol market: Akrochem Corporation, Alfa Aesar, Thermo Fisher Scientific, Atul, INDSPEC Chemical Corporation, JIANGSU ZHONGDAN GROUP, Kraeber & Co. and Sumitomo Chemical.
Other Prominent Vendors in the market are: Amino-Chem, EMCO Dyestuff, GFS Chemicals, Haihang Industry, Jay Organics, Nippy Chemicals, Parchem Fine & Specialty Chemicals, Sanjay Chemicals (India), Sino Legend (China) Chemical Company, and Sinoright International Trade.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological advances in production process of resorcinol. In the global resorcinol market, the manufacturers have taken notable steps to improve their manufacturing process and to broaden the application of the compound in various industries through product innovations. Various commercial methods of resorcinol production where adopted by resorcinol manufacturers to leverage the advantage of cost-effectiveness.”
According to the report, one driver in the market is increased use of value-added paints, coatings, and dye products. Growing preference toward value-added paints, coatings, and dye products has increased the demand for resorcinol. A wide range of these products are used in various applications due to properties, such as UV resistance and flame resistance. Resorcinol is mainly used for manufacturing these products.
Further, the report states that one challenge in the market is high cost of disposal. Resorcinol is widely used for manufacturing tire and rubber, and wood adhesives. The compound is hazardous and must be treated before disposal. This has increased the cost of disposal when compared with the cost of production.
Akrochem Corporation, Alfa Aesar, Thermo Fisher Scientific, Atul, INDSPEC Chemical Corporation, JIANGSU ZHONGDAN GROUP, Kraeber & Co, Sumitomo Chemical, Amino-Chem, EMCO Dyestuff, GFS Chemicals, Haihang Industry, Jay Organics, Nippy Chemicals, Parchem Fine & Specialty Chemicals, Sanjay Chemicals (India), Sino Legend (China) Chemical Company, and Sinoright International Trade.