The resorcinol market size is expected to grow by $ 70.40 mn and record a CAGR of 3% during 2020-2024.
This post-pandemic global resorcinol market report has assessed the shift in consumer behaviour and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this resorcinol market analysis report, key drivers such as increasing need for safe tires have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as high cost of disposal, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.
What will the Resorcinol Market Size be in 2020?
Browse TOC and LoE with selected illustrations and example pages of Resorcinol Market
Who are the Key Vendors in the Resorcinol Market?
The resorcinol market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies includng:
- Akrochem Corp.
- Alfa Aesar
- Atul Ltd.
- Dynea AS
- Kraeber & Co. GmbH
- Merck KGaA
- Mubychem Group
- Occidental Petroleum Corp.
- Sumitomo Chemical Co. Ltd.
- Thermo Fisher Scientific Inc.
The resorcinol market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
This resorcinol market report further entails segmentations by Application (Tire and rubber manufacturing, UV products and dyes, Wood adhesives and binders, Flame retardants, and Others) and Geography (APAC, North America, Europe, South America, and MEA). View our sample report to gather market insights on the segmentations.
To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.
Which are the Key Regional Markets for Resorcinol?
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The report offers an up-to-date analysis of the geographical composition of the market. APAC had the largest market share in the resorcinol market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing applications of wood bonding adhesives will significantly influence biofuels market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
72% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for resorcinol market in the region. This report provides estimations of the contribution of all regions to the growth of the resorcinol market size.
What are the Key Factors Covered in this Resorcinol Market Report?
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive resorcinol market growth during the next five years
- Precise estimation of the resorcinol market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the resorcinol market industry across APAC, North America, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of resorcinol market vendors
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Resorcinol Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2019 |
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Forecast period |
2020-2024 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
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Market growth 2020-2024 |
$ 70.40 million |
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Market structure |
Concentrated |
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YoY growth (%) |
2.04 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 72% |
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Key consumer countries |
China, US, Japan, UK, and Germany |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Akrochem Corp., Alfa Aesar, Atul Ltd., Dynea AS, Kraeber & Co. GmbH, Merck KGaA, Mubychem Group, Occidental Petroleum Corp., Sumitomo Chemical Co. Ltd., and Thermo Fisher Scientific Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |