Research and Markets: Global Resorcinol Market Forecast to Grow at a CAGR of 6.82% over the Period 2014-2019
August 26, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/2bkdh8/global_resorcinol) has announced the addition of the “Global Resorcinol Market 2015-2019” report to their offering.
Resorcinol is effective in treating skin ailments because of its antibacterial properties. Resorcinol is increasingly being used as an anti-acne and anti-pigmentation agent. The chemical is increasingly being evaluated for use in a wide range of cosmetic and pharmaceutical products. It is a skin-friendly agent, when used in minute concentrations. With growing awareness of the harmful effects of UV radiation, there has been an increase in demand for UV protecting cosmetic products. It is estimated that almost one in every five woman above the age of 50 is likely to suffer from pigmentation disorders because of increased production of melanin. Resorcinol, a UV screening agent, prevents the amino acid tyrosine in melanin from being converted, and therefore inhibits melanin production. As a result of all these factors, an increased use in cosmetic and pharmaceutical applications is expected during the forecast period.
According to the report, growing preference toward value added paint products worldwide results in increased demand for resorcinol. A wide range of paint and coating products are being launched in the market with various value added properties such as UV resistance and flame resistance. Resorcinol is widely used as a UV stabilizer and flame retardant, in the manufacture of paints, coatings, and dyes. The demand growth rate of value added paints and coating products is likely to be twice that of commodity paints over the next five years and will primarily be driven by the automotive, shipping, and construction industries.
Further, the report states that trade barriers and complex duty structures limit the product reach to certain geographies.
Key Topics Covered
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Size and Forecast
- Segmentation by Production Process
- Segmentation by Application
- Segmentation by Geography
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
Companies Mentioned
- Akro Chem
- Alfa Aesar
- Atul
- Deepak Nitrite
- Euram Chemicals
- GFS Chemicals
- Haihang Industries
- Indspec
- Jiangsu
- Mitsui
- Parchem
- Sumitomo
For more information visit http://www.researchandmarkets.com/research/2bkdh8/global_resorcinol
View source version on businesswire.com: http://www.businesswire.com/news/home/20150826005993/en/
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