APAC to Lead Resorcinol Market through 2025 | TechSci Research


Posted December 11, 2020 by Techsci-research

Growth of rubber products and wooden adhesives application in automotive and construction industry to drive 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”, the global resorcinol market is expected to grow steadily over the next five years and surpass $ 1 billion by 2025. 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. 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.

Browse 132 market data Figures and Tables spread through 150 Pages and an in-depth TOC on
"Global Resorcinol Market"

https://www.techsciresearch.com/report/resorcinol-market/4507.html

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. Major players operating in the global resorcinol market include Sumitomo Chemicals, Aldon Corporation, Napp Technologies, Zhejiang Hong sheng Chemical Co Ltd, Tokyo Chemical Industry Co. Ltd, Lanxess AG, Atul Ltd and others.

Download sample report @ https://www.techsciresearch.com/sample-report.aspx?cid=4507

customers can also request for 10% free customization on this report.

“Asia-Pacific is forecast to dominate the global resorcinol market over the next five years on the account of rapid industrialization in India & China. Moreover, high growth of the automotive sector in the region and rising number of government initiatives to promote and revitalize the construction industry are further boosting the regional market.”, 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 the global resorcinol market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]

Source : TechSci Research
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By TechSci Research
Phone 6463601656
Business Address 708 Third Avenue, Manhattan, NY, New York – 10017
Country United States
Categories News , Reports , Research
Tags Resorcinol Market , Resorcinol Market Report , Resorcinol Market Share , Resorcinol Market Size , Resorcinol Market Trends
Last Updated December 11, 2020