RESORCINOL MARKET ANALYSIS

Market Challenges And Opportunities

Demand for the resorcinol market is majorly driven by the automotive industry where resorcinol is used for manufacturing tires and for wood binding adhesion. Furthermore, the rapidly expanding end use industries such as chemicals, automotive, pharmaceuticals, rubber, personal care, and construction among others is projected to propel demand for resorcinol on a global scale. However, growing health concerns and strict regulations in countries such as Japan, the EU, and the U.S. are likely to restrain growth of the global resorcinol market. In vitro research has demonstrated that resorcinol can cause a range of health defects ranging from skin irritation to possible endocrine disruption. Japan has restricted the use of resorcinol in all cosmetics, the EU has placed limits on the concentration of the chemicals, and exposure of workers to resorcinol is regulated in the U.S.