Report Code: A08998 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Resorcinol Market
Request Now !Resorcinol is a chemical which is white in color with a crystal structure. It is a six carbon, phenol-derived hydrocarbon compound. Resorcinol has been widely known as a versatile chemical compound used in the development of technologies to benefit human beings. It has a mild odor and a bittersweet taste, and is soluble in alcohol, water, ether, and benzene.
Resorcinol can be produced commercially and that entails alkylation of benzene with propylene in existence of a catalyst and that can be solid phosphoric acid or AlCl3. Moreover, it can be produced through sulfonation of benzene chased by neutralization of disulfonic acid, caustic fusion, and separation. This process will lead to a resorcinol, which has a purity higher than 98%.
Resorcinol, which is also known as m-benzenediol, m-hydroxyquinone, and resorcin, is a hazardous chemical and may cause severe irritation to the skin and eyes if exposed.
COVID-19 impact
Resorcinol is an essential component of an adhesive system used in the manufacturing process of tires and other mechanical rubber fiber-reinforced products. It has got unique properties which helps it to bind synthetic as well as metal materials and be an excellent adhesive. Therefore, the major factors driving the growth of the resorcinol market is increasing demand from tire industry as well as automobiles industry.
Regardless of decline in the automotive industry around the world, the tires segment still rules the resorcinol market.
Resorcinol is highly used in the manufacturing of flame retardants, fungicidal creams & lotions, pharmaceutical products, and agriculture chemicals. These factors have always generated demand and created great opportunities for revenue generation in resorcinol market.
Resorcinol market has been dominated by Asia-Pacific and to be precise India and China, due to extremely high demand from these nations and because India and China are a hub for manufacturing of automotive, thus there is tremendous growth in these regions.
Resorcinol-formaldehyde resins are found useful in wood binding applications to deal with structural integrity and room temperature cure. The use of the resin also helps in waterproofing the applied wood surface.
Moreover, resorcinol and its derivatives can form organic compounds that hold a UV absorbing functional group. This unique property allows resorcinol based derivatives to be used as UV absorbers in various applications like paints and coatings. Therefore, the growing demand for UV absorbers around the world is anticipated to be an advantage and boost the resorcinol market by creating various opportunities.Â
However, resorcinol is highly poisonous to the marine life and has a mutagenic effect on bacteria and yeast. Plus, it releases toxic carbon oxides when burned. Furthermore, the falling automotive industry is anticipated to hinder the resorcinol market.
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Resorcinol Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Aldon Corporation, AminoChem, TWC Group, Jay Organics, Sigma-Aldrich, Indspec chemical corporation, Dynea AS, Atul Ltd., Sumitomo Chemical Co. Ltd, Mitsui Chemicals Inc. |
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