RESORCINOL MARKET ANALYSIS

Regional Analysis

Market Outlook

Asia Pacific, North America, and Europe regions are expected to contribute a significant market share, with Asia Pacific emerging as the largest and fastest growing market. Presence of emerging economies such as China and India has resulted in a large consumer demand for resorcinol. Also, rapid industrialization in countries such as Taiwan, Singapore, South Korea, and Thailand has led to significant demand from end use industries such as automotive, construction, and chemicals. Also, presence of key players and relatively lax regulations around resorcinol usage in the region are likely to be favour growth of the market in Asia Pacific. North America is estimated to be the second highest contributor in terms of market share, owing to increasing demand for resorcinol in the automotive, pharmaceuticals, and construction industries. Owing to stringent regulations placed by environmental agencies, Europe is expected to witness a gradual growth.

Geographies Covered

Asia Pacific, North America, and Europe.