| Product Code: ETC344184 | Publication Date: Aug 2022 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India resorcinol derivatives market import shipment witnessed steady growth with a CAGR of 9.2% from 2020 to 2024. However, there was a significant contraction in growth rate between 2023 and 2024, declining by 90.3%. This indicates a notable slowdown in market expansion towards the latter period.
The India resorcinol derivatives market is expected to see moderate growth due to applications in industries like rubber, textiles, and personal care. Resorcinol derivatives are used in adhesives, UV stabilizers, and hair colorants. The growth of these sectors, along with regulatory compliance and sustainability considerations, will influence market trends. Challenges include competition from substitutes and the need for consistent quality.
Several drivers shape the outlook of the India Resorcinol Derivatives market. The growth of the rubber and tire industry is a primary driver, as resorcinol derivatives are used as adhesion promoters in tire manufacturing. The expanding construction sector also contributes, with these derivatives finding applications in adhesives and coatings. Moreover, the increasing awareness of skincare and cosmetic products further boosts the market. Manufacturers need to ensure consistent quality and explore innovative applications to capitalize on market opportunities.
The India resorcinol derivatives market has applications in industries such as rubber, textiles, and cosmetics. Challenges involve addressing concerns about the environmental impact of certain derivatives and ensuring safe usage. Manufacturers must focus on sustainable sourcing, provide comprehensive information about product applications and safety measures, and explore innovative applications to drive market growth.
The India resorcinol derivatives market has applications in sectors like rubber, textiles, and cosmetics. The pandemic disrupted supply chains and affected manufacturing activities. As industries regain momentum and consumer demands stabilize, the resorcinol derivatives market is expected to recover. Innovations in product formulations and increasing consumer awareness about quality could also influence market growth.
The India resorcinol derivatives market is projected to experience steady growth due to their applications in rubber, adhesives, and pharmaceuticals. Companies like Sumitomo Chemical India, Atul Ltd., and Kolon Industries will contribute to the market`s trajectory by offering resorcinol-based products.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Resorcinol Derivatives Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Resorcinol Derivatives Market Revenues & Volume, 2021 & 2031F |
3.3 India Resorcinol Derivatives Market - Industry Life Cycle |
3.4 India Resorcinol Derivatives Market - Porter's Five Forces |
3.5 India Resorcinol Derivatives Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Resorcinol Derivatives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for cosmetics and personal care products in India, leading to increased use of resorcinol derivatives in the manufacturing process. |
4.2.2 Expansion of the pharmaceutical industry in India, creating opportunities for resorcinol derivatives in drug formulations. |
4.2.3 Increasing awareness about the benefits of resorcinol derivatives in applications such as rubber chemicals, dyes, and pigments. |
4.3 Market Restraints |
4.3.1 Stringent regulations and environmental concerns regarding the production and use of resorcinol derivatives. |
4.3.2 Fluctuations in raw material prices impacting the cost of production and pricing of resorcinol derivatives in the market. |
5 India Resorcinol Derivatives Market Trends |
6 India Resorcinol Derivatives Market, By Types |
6.1 India Resorcinol Derivatives Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Resorcinol Derivatives Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India Resorcinol Derivatives Market Revenues & Volume, By Sunscreen Products, 2021-2031F |
6.1.4 India Resorcinol Derivatives Market Revenues & Volume, By Whitening Products, 2021-2031F |
6.1.5 India Resorcinol Derivatives Market Revenues & Volume, By Anti-aging Products, 2021-2031F |
6.1.6 India Resorcinol Derivatives Market Revenues & Volume, By Others, 2021-2031F |
7 India Resorcinol Derivatives Market Import-Export Trade Statistics |
7.1 India Resorcinol Derivatives Market Export to Major Countries |
7.2 India Resorcinol Derivatives Market Imports from Major Countries |
8 India Resorcinol Derivatives Market Key Performance Indicators |
8.1 Research and development investment in new applications and formulations of resorcinol derivatives. |
8.2 Adoption rate of resorcinol derivatives in emerging industries such as electronics and agriculture. |
8.3 Number of new product launches and partnerships in the resorcinol derivatives market. |
9 India Resorcinol Derivatives Market - Opportunity Assessment |
9.1 India Resorcinol Derivatives Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Resorcinol Derivatives Market - Competitive Landscape |
10.1 India Resorcinol Derivatives Market Revenue Share, By Companies, 2024 |
10.2 India Resorcinol Derivatives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |