Resorcinol Market size is expected to value at USD 580.3 million by 2025
The global resorcinol market size is expected to value at USD 580.3 million by 2025. The resorcinol industry is subject to witness a substantial growth due to the growing adoption of resorcinol for production of rubber, wood adhesives and UV stabilizers, along with inherent advantages associated with the chemical. Growing demand from industries such as building & construction and automotive sector and the development of innovative products together are expected to drive the growth of the market in the upcoming years. Globally, the resorcinol market is predicted to grow at CAGR of 3.3% in forecast period, providing numerous opportunities for market players to invest in research and development in the market. Resorcinol, termed as a 1,3-Benzenediol is a chemical adhesive, largely utilized for bonding purposes. Resorcinol is a by product of benzene. Crystallization of benzene results in formation of resorcinol. Resorcinol is highly soluble in ether, alcohol, and water. Some of th...