Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market - Forecast(2022 - 2027)

Report Code: CMR 1428 Report Format: PDF + Excel

Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market Overview

Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market is forecast to reach $362.14 Million by 2025, after growing at a CAGR of 3.2% during 2020-2025. Resorcinol is used to produce resorcinol formaldehyde (RF) resin to improve the adhesion of rubber and other materials in rubber products, wood adhesives, flame retardants, UV stabilizers, dyes, and others. The global COVID-19 pandemic has caused manufacturing activities around the globe to abruptly pause, impacting the market for rubber as well as their development and processing. The most critically affected end-use segments of the plastics industry include automotive & transportation, consumer goods, industrial machinery, manufacturing, and electronics.

Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market Report Coverage

The report: “Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market. 
By Form – Powder, Pellets and Crystal, and Liquid. 
By Application – Printing Inks, Plastics, Coatings, Solvents, Personal Care Ingredients, Resins, Rubber, and Others.
By Region – North America, South America, Europe, APAC, and RoW.

Key Takeaways

  • Growing demand from tyre manufacturing sector in automotive industry, and wood binding adhesive applications, tends to increase the growth of the market.
  • APAC is dominating the overall resorcinol market due to the rise of automotive manufacturing facilities.
  • Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) is produced from hydroperoxidation process, which includes the highest share in the overall market.

Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market Segment Analysis -By Application

Rubber includes the highest share and dominates the overall Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) market. The growing demand for manufacturing tyres from the automotive industry makes the positive scenario is majorly boosted by the growth momentum of replacement tires market. In addition, the demand of Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) for the production of personal care ingredients is expected to witness higher growth in upcoming years.

Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market Segment Analysis -By Geography

Asia-Pacific dominated the global market owing to the robust demand from developing nations including China and India. The region being a manufacturing hub for automotive is of the propelling factor for the resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) market growth in the region. Currently, there are two major resorcinol producers in the world, Amino-Chem from China and Sumitomo Chemical Company from Japan, the Amino-Chem itself includes the highest production capacity of about 40,000 Mt/y, where Sumitomo Chemicals includes about 32,000 Mt/y. Being the highest producers of resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene), APAC consists the highest share across the globe.

Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market Drivers

Growing demand in rubber industry

Rubber products dominated the application segment, and it is expected to continue its dominance over the forecast period. Resorcinol is widely used for tire manufacturing for a variety of applications such as automotive tires, bicycles, and aircraft. The usage of chemical improves the overall rubber compound processability. It also results in the increase of static as well as dynamic modulus of rubber. Also, it does not have any effect on the overall vulcanization process of rubber and enhances the steel cord adhesion. Such inherent advantages are expected to benefit the segment demand growth over the upcoming years. Also, United States represents one of the largest and the most advanced tire market in the world by providing home to some of the largest tire manufacturers in the world, such as Goodyear Tire & Rubber Co., Cooper Tire & Rubber Co., Michelin and Bridgestone Americas Tire Operations (over 70% of the market share is reported with these four companies). Such factors in turn are estimated to boost the demand for the resorcinol market during the forecast period.

Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market Challenges

Hazardous nature and higher cost tend to constrain the growth of the market

Resorcinol is harmful if swallowed, inhaled or absorbed through skin and causes eye and skin irritation. The compound is irritating to mucous membranes and upper respiratory tract. Depending on the intensity and duration of exposure, effects may vary from mild irritation to severe burns. Resorcinol is regarded as goitrogenic, causing hypo-thyroidism following persistent exposure, e.g. through intake of drinking water polluted with resorcinol from coal gasification and shale oil production, or through use as topical ointment on skin lesions. In addition, resorcinol also includes high cost. Currently, according to Trademap, the price of resorcinol has been increased at rapid pace resorcinol. The main factor impacting the price is the shutdown of resorcinol production plants in major region. Manufacturer such as Indspec Chemical, the only producer in U.S, had shut down its production in July 2017, the low outcome from the plant in order to compete in the market place oversupply and low-efficient manufacturing process, was the major factor behind the cause.

Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) market. In 2019, the market of Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) has been consolidated by the top five players accounting for xx% of the share. Major players in the Resorcinol of Meta-DIPB (1,3 – Diisopropylbenzene) Market are Amino-Chem, Sumitomo Chemicals, Elementis PLC, Indspec Chemical Corp., Atul Limited, Alfa Aesar, and Kraeber & Co Gmbh among others.

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1. Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market - Market Overview
    1.1 Definition and Scope
2. Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Form
    2.3 Key Trends by Application
    2.4 Key Trends by Manufacturing Method
    2.5 Key trends by Geography
3. Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market - Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market - Startup companies Scenario PremiumPremium
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis – Top 10 companies Investment
6. Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes
7. Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product Life Cycle
    7.4 Supplier and Distributor Analysis
8. Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market – By Form (Market Size -$Million)
    8.1 Powder
    8.2 Pellets and Crystal
    8.3 Liquid
9. Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market – By Application (Market Size -$Million)
    9.1 Printing Inks
    9.2 Peroxides
    9.3 Plastics
    9.4 Coatings
    9.5 Solvents
    9.6 Lubricants
    9.7 Personal care ingredients
    9.8 Resins
    9.9 Others
10. Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market – By Manufacturing Method(Market Size -$Million)
    10.1 Benzenedisulfonation Process
    10.2 Hydrolysis Process
    10.3 Hydroperoxidation Process
11. Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market - By Geography (Market Size -$Million)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 UK
        11.3.2 Germany
        11.3.3 France
        11.3.4 Italy
        11.3.5 Netherland
        11.3.6 Spain
        11.3.7 Russia
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia-Pacific
        11.4.1 China
        11.4.2 Japan
        11.4.3 India
        11.4.4 South Korea
        11.4.5 Australia and New Zealand
        11.4.6 Rest of APAC
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market – Industry/Segment CompetitionLandscape Premium
    13.1 Market Share Analysis
        13.1.1 Market Share by Country- Top companies
        13.1.2 Market Share by Region- Top companies
        13.1.3 Market Share by type of Application - Top companies
        13.1.4 Market Share by type of Product / Product category- Top companies
        13.1.5 Market Share at global level - Top companies
        13.1.6 Best Practices for companies
14. Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market - List of Key Companies byCountry Premium
15. Resorcinol of Meta-DIPB (1,3 - Diisopropylbenzene) Market Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more
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