Global Resorcinol Market

Resorcinol Market Size, Share, Growth Analysis, By Production Method(Benzene Disulfonation, Hydroperoxidation of Meta-Diisopropylbenzene), By Application (Tire and Rubber Products, Wood Adhesives and Binders), By End-Use(Automotive, Building and Construction, Healthcare, Electrical and Electronics, Others) By Region - Industry Forecast 2025-2032


Report ID: SQMIG15E2265 | Region: Global | Published Date: November, 2024
Pages: 157 | Tables: 66 | Figures: 75

Resorcinol Market Insights

Resorcinol Market size was valued at USD 6.9 Billion in 2023 and is poised to grow from USD 7.11 Billion in 2024 to USD 9.08 Billion by 2032, growing at a CAGR of 3.1% during the forecast period (2025-2032).

The increasing automotive industry, particularly in emerging economies, is fueling the demand for rubber-based products, thereby driving the demand for resorcinol. Resorcinol-based dyes are widely used in the textile industry for colouring fabrics. The expanding textile industry, driven by increasing consumer demand for apparel and home furnishings, is expected to propel the demand for resorcinol-based dyes. In the pharmaceutical sector, resorcinol finds applications in dermatology and topical medications. Its antiseptic and anti-inflammatory properties make it a key ingredient in various pharmaceutical products, such as ointments, creams, and lotions. Geographically, the global resorcinol market can be segmented into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is anticipated to dominate the market due to the presence of major end-use industries, such as rubber and textiles, in countries like China and India.

US Resorcinol Market is poised to grow at a sustainable CAGR for the next forecast year.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Resorcinol Market size was valued at USD 6.7 billion in 2022 and is poised to grow from USD 6.9 billion in 2023 to USD 8.81 billion by 2031, growing at a CAGR of 3.1% in the forecast period (2023-2031). 

In this competitive market, companies strive to differentiate themselves through product quality, performance, and reliability. The development of advanced manufacturing processes and technologies plays a vital role in maintaining a competitive edge. Manufacturers invest in research and development activities to enhance the properties and functionalities of Resorcinol-based products, catering to the evolving needs of end-users across different industries. 'Kautschuk Group ', 'Kraeber & Co GmbH ', 'Sumitomo Chemical Co., Ltd.  ', 'Atul Ltd.  ', 'Sinopec Shanghai Petrochemical Company Limited  ', 'Mitsui Chemicals, Inc.  ', 'Deepak Group ', 'Wanhua Chemical Group Co.,Ltd  ', 'Dow Inc. ', 'Ineos Group  ', 'Lanxess AG  ', 'Hebei Smart Chemicals Co., Ltd.  ', 'Changzhou Sunchem Pharmaceutical Chemical Material Co., Ltd.  ', 'Wuxi Lansen Chemicals  ', 'Camlin Fine Sciences Ltd.  ', 'Thermo Fisher Scientific ', 'Merck KGaA ', 'Shanghai Amino-Chem Co. Ltd. ', 'Bridgestone Corp. ', 'Jiangsu Yinyan Specialty Chemicals Co., Ltd.'

Resorcinol finds extensive usage in the pharmaceutical industry, specifically in the production of antiseptics, antifungal creams, and topical medications. The expanding pharmaceutical sector, driven by factors like population growth, rising healthcare expenditure, and advancements in medical treatments, is creating a surge in the demand for resorcinol. This growth is fueled by the need for effective and safe pharmaceutical products to cater to the growing healthcare needs of the population.

Increasing Demand from Automotive Industry: Resorcinol, a versatile compound, is extensively used in the production of adhesive systems that provide excellent bonding strength and durability in tire manufacturing. The growing automotive sector, coupled with the rising demand for fuel-efficient and high-performance tires, is driving the need for Resorcinol. Additionally, the expanding middle-class population and increased vehicle ownership in emerging economies further contribute to the demand for Resorcinol in tire production.

North America holds a significant share in the Resorcinol market due to several factors. The region has well-established industries such as chemicals, pharmaceuticals, and rubber, which are major consumers of Resorcinol. The presence of key market players, technological advancements, and strong research and development capabilities contribute to the dominance of North America. Additionally, stringent regulations and standards regarding product quality and safety drive the demand for high-quality Resorcinol in various applications.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Resorcinol Market

Report ID: SQMIG15E2265

$5,300
BUY NOW GET FREE SAMPLE