Vietnam Resorcinol Market Size, Share, Growth Drivers, Trends, Opportunities & Forecast 2025–2030

Vietnam resorcinol market, valued at USD 150 million, grows due to automotive and construction demand, eco-friendly regulations, and innovations in synthetic and bio-based types.

Region:Asia

Author(s):Rebecca

Product Code:KRAE2910

Pages:85

Published On:February 2026

About the Report

Base Year 2024

Vietnam Resorcinol Market Overview

  • The Vietnam Resorcinol Market is valued at USD 150 million, based on a five-year historical analysis. This growth is primarily driven by the increasing demand for resorcinol in various applications, including adhesives, coatings, and automotive components. The rise in industrial activities and the expansion of the construction sector have further fueled the market's growth, as resorcinol is essential for producing high-performance materials.
  • Key players in this market include Hoang Anh Gia Lai Group, Vinachem, and Dong Nai Chemicals. These companies dominate the market due to their extensive distribution networks, strong brand recognition, and commitment to quality. Their strategic investments in research and development have also enabled them to innovate and meet the evolving needs of various industries.
  • In 2023, the Vietnamese government implemented regulations to promote the use of eco-friendly chemicals, including resorcinol. This initiative aims to reduce environmental impact and enhance sustainability in manufacturing processes. The government is encouraging industries to adopt greener alternatives, which is expected to boost the demand for resorcinol in the coming years.
Vietnam Resorcinol Market Size

Vietnam Resorcinol Market Segmentation

By Type:The market is segmented into Synthetic Resorcinol, Natural Resorcinol, Modified Resorcinol, and Others. Synthetic Resorcinol is the leading subsegment due to its widespread use in various applications, including adhesives and coatings, owing to its superior properties and cost-effectiveness. Natural Resorcinol is gaining traction as consumers become more environmentally conscious, while Modified Resorcinol is preferred for specialized applications.

Vietnam Resorcinol Market segmentation by Type.

By End-User:The end-user segments include Automotive, Construction, Pharmaceuticals, Adhesives and Sealants, and Others. The Automotive sector is the dominant segment, driven by the increasing demand for high-performance materials in vehicle manufacturing. The Construction sector follows closely, as resorcinol is essential for producing durable adhesives and coatings used in building materials.

Vietnam Resorcinol Market segmentation by End-User.

Vietnam Resorcinol Market Competitive Landscape

The Vietnam Resorcinol Market is characterized by a dynamic mix of regional and international players. Leading participants such as Kraton Corporation, SI Group, Hexion Inc., Resorcinol Chemical Co., Jiangshan Chemical Co., Ltd., Shandong Yanggu Huatai Chemical Co., Ltd., Mitsui Chemicals, Inc., Indspec Chemical Corporation, Aarti Industries Ltd., Hubei Greenhome Chemical Co., Ltd., Hubei Xinyang Chemical Co., Ltd., Hubei Jusheng Technology Co., Ltd., Jiangsu Jinhai Chemical Co., Ltd., Jiangsu Huachang Chemical Co., Ltd., Zhejiang Jianye Chemical Co., Ltd. contribute to innovation, geographic expansion, and service delivery in this space.

Kraton Corporation

2000

Houston, Texas, USA

SI Group

1906

Schenectady, New York, USA

Hexion Inc.

2005

Columbus, Ohio, USA

Resorcinol Chemical Co.

1990

New York, USA

Jiangshan Chemical Co., Ltd.

1995

Jiangshan, China

Company

Establishment Year

Headquarters

Group Size (Large, Medium, or Small as per industry convention)

Revenue Growth Rate

Market Penetration Rate

Customer Retention Rate

Pricing Strategy

Product Quality Index

Vietnam Resorcinol Market Industry Analysis

Growth Drivers

  • Increasing Demand from the Automotive Industry:The automotive sector in Vietnam is projected to grow significantly, with production expected to reach 500,000 vehicles in the future. This surge is driven by rising consumer income and urbanization, leading to increased demand for resorcinol in adhesives and coatings. The automotive industry contributes approximately 4% to Vietnam's GDP, highlighting its importance as a growth driver for resorcinol consumption in various applications.
  • Growth in the Construction Sector:Vietnam's construction industry is anticipated to expand at a rate of 8% annually, fueled by government investments in infrastructure projects. In the future, the sector's value is expected to exceed $30 billion. This growth translates to higher demand for resorcinol in construction materials, such as adhesives and sealants, which are essential for enhancing durability and performance in building applications.
  • Rising Awareness of Eco-Friendly Products:The Vietnamese market is witnessing a shift towards sustainable products, with eco-friendly materials gaining traction. In the future, the demand for green chemicals, including bio-based resorcinol, is projected to increase by 15%. This trend is supported by government initiatives promoting sustainability, which encourages manufacturers to adopt environmentally friendly practices, thereby boosting the resorcinol market.

Market Challenges

  • Fluctuating Raw Material Prices:The resorcinol market faces challenges due to volatile raw material prices, particularly phenol, which can fluctuate by up to 20% annually. This instability affects production costs and profit margins for manufacturers. In the future, the average price of phenol is expected to remain high, impacting the overall pricing strategy for resorcinol products in Vietnam.
  • Stringent Environmental Regulations:Compliance with environmental regulations in Vietnam is becoming increasingly stringent, with new laws requiring manufacturers to reduce emissions by 30% in the future. These regulations necessitate investments in cleaner technologies, which can strain financial resources for resorcinol producers. Adapting to these regulations while maintaining competitiveness poses a significant challenge for the industry.

Vietnam Resorcinol Market Future Outlook

The Vietnam resorcinol market is poised for growth, driven by increasing demand from key sectors such as automotive and construction. As the government emphasizes sustainable practices, manufacturers are likely to invest in eco-friendly production methods. Additionally, technological advancements in production processes will enhance efficiency and reduce costs. The market is expected to adapt to regulatory changes, fostering innovation and collaboration among industry players to meet evolving consumer preferences for sustainable products.

Market Opportunities

  • Development of Bio-Based Resorcinol:The shift towards bio-based resorcinol presents a significant opportunity, with potential market growth estimated at $50 million in the future. This aligns with global trends favoring sustainable materials, allowing manufacturers to cater to environmentally conscious consumers while reducing reliance on fossil fuels.
  • Export Potential to Neighboring Countries:Vietnam's strategic location offers substantial export opportunities for resorcinol to neighboring markets, including Thailand and Indonesia. In the future, exports are projected to reach $20 million, driven by increasing demand for resorcinol in these regions, particularly in the automotive and construction sectors.

Scope of the Report

SegmentSub-Segments
By Type

Synthetic Resorcinol

Natural Resorcinol

Modified Resorcinol

Others

By End-User

Automotive

Construction

Pharmaceuticals

Adhesives and Sealants

Others

By Application

Adhesives

Coatings

Textiles

Others

By Distribution Channel

Direct Sales

Distributors

Online Sales

Others

By Geography

Northern Vietnam

Southern Vietnam

Central Vietnam

Others

By Product Form

Liquid Resorcinol

Powdered Resorcinol

Others

By Packaging Type

Bulk Packaging

Retail Packaging

Others

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., Ministry of Industry and Trade, Ministry of Health)

Manufacturers and Producers of Resorcinol

Distributors and Retailers of Chemical Products

Pharmaceutical Companies

Cosmetic and Personal Care Product Manufacturers

Industry Associations (e.g., Vietnam Chemical Industry Association)

Financial Institutions and Banks

Players Mentioned in the Report:

Kraton Corporation

SI Group

Hexion Inc.

Resorcinol Chemical Co.

Jiangshan Chemical Co., Ltd.

Shandong Yanggu Huatai Chemical Co., Ltd.

Mitsui Chemicals, Inc.

Indspec Chemical Corporation

Aarti Industries Ltd.

Hubei Greenhome Chemical Co., Ltd.

Hubei Xinyang Chemical Co., Ltd.

Hubei Jusheng Technology Co., Ltd.

Jiangsu Jinhai Chemical Co., Ltd.

Jiangsu Huachang Chemical Co., Ltd.

Zhejiang Jianye Chemical Co., Ltd.

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. Vietnam Resorcinol Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 Vietnam Resorcinol Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. Vietnam Resorcinol Market Analysis

3.1 Growth Drivers

3.1.1 Increasing demand from the automotive industry
3.1.2 Growth in the construction sector
3.1.3 Rising awareness of eco-friendly products
3.1.4 Expansion of the pharmaceutical industry

3.2 Market Challenges

3.2.1 Fluctuating raw material prices
3.2.2 Stringent environmental regulations
3.2.3 Limited domestic production capacity
3.2.4 Competition from alternative chemicals

3.3 Market Opportunities

3.3.1 Development of bio-based resorcinol
3.3.2 Export potential to neighboring countries
3.3.3 Technological advancements in production
3.3.4 Collaborations with research institutions

3.4 Market Trends

3.4.1 Shift towards sustainable manufacturing practices
3.4.2 Increasing investment in R&D
3.4.3 Growing preference for high-performance materials
3.4.4 Rise in consumer demand for eco-friendly products

3.5 Government Regulation

3.5.1 Compliance with environmental standards
3.5.2 Incentives for green technology adoption
3.5.3 Regulations on chemical safety
3.5.4 Import/export restrictions on chemicals

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. Vietnam Resorcinol Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. Vietnam Resorcinol Market Segmentation

8.1 By Type

8.1.1 Synthetic Resorcinol
8.1.2 Natural Resorcinol
8.1.3 Modified Resorcinol
8.1.4 Others

8.2 By End-User

8.2.1 Automotive
8.2.2 Construction
8.2.3 Pharmaceuticals
8.2.4 Adhesives and Sealants
8.2.5 Others

8.3 By Application

8.3.1 Adhesives
8.3.2 Coatings
8.3.3 Textiles
8.3.4 Others

8.4 By Distribution Channel

8.4.1 Direct Sales
8.4.2 Distributors
8.4.3 Online Sales
8.4.4 Others

8.5 By Geography

8.5.1 Northern Vietnam
8.5.2 Southern Vietnam
8.5.3 Central Vietnam
8.5.4 Others

8.6 By Product Form

8.6.1 Liquid Resorcinol
8.6.2 Powdered Resorcinol
8.6.3 Others

8.7 By Packaging Type

8.7.1 Bulk Packaging
8.7.2 Retail Packaging
8.7.3 Others

9. Vietnam Resorcinol Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Group Size (Large, Medium, or Small as per industry convention)
9.2.3 Revenue Growth Rate
9.2.4 Market Penetration Rate
9.2.5 Customer Retention Rate
9.2.6 Pricing Strategy
9.2.7 Product Quality Index
9.2.8 Distribution Efficiency
9.2.9 Innovation Rate
9.2.10 Brand Recognition Score

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 Kraton Corporation
9.5.2 SI Group
9.5.3 Hexion Inc.
9.5.4 Resorcinol Chemical Co.
9.5.5 Jiangshan Chemical Co., Ltd.
9.5.6 Shandong Yanggu Huatai Chemical Co., Ltd.
9.5.7 Mitsui Chemicals, Inc.
9.5.8 Indspec Chemical Corporation
9.5.9 Aarti Industries Ltd.
9.5.10 Hubei Greenhome Chemical Co., Ltd.
9.5.11 Hubei Xinyang Chemical Co., Ltd.
9.5.12 Hubei Jusheng Technology Co., Ltd.
9.5.13 Jiangsu Jinhai Chemical Co., Ltd.
9.5.14 Jiangsu Huachang Chemical Co., Ltd.
9.5.15 Zhejiang Jianye Chemical Co., Ltd.

10. Vietnam Resorcinol Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Government procurement policies
10.1.2 Budget allocation for chemical products
10.1.3 Supplier selection criteria
10.1.4 Contract management practices

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Investment trends in infrastructure
10.2.2 Energy consumption patterns
10.2.3 Budgeting for chemical procurement
10.2.4 Corporate sustainability initiatives

10.3 Pain Point Analysis by End-User Category

10.3.1 Quality assurance issues
10.3.2 Supply chain disruptions
10.3.3 Cost management challenges
10.3.4 Regulatory compliance hurdles

10.4 User Readiness for Adoption

10.4.1 Awareness of resorcinol applications
10.4.2 Training and support needs
10.4.3 Technology adoption barriers
10.4.4 Feedback mechanisms for improvement

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Measurement of ROI
10.5.2 Case studies of successful implementations
10.5.3 Opportunities for scaling
10.5.4 Long-term benefits realization

11. Vietnam Resorcinol Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market gaps identification

1.2 Business model development


2. Marketing and Positioning Recommendations

2.1 Branding strategies

2.2 Product USPs


3. Distribution Plan

3.1 Urban retail strategies

3.2 Rural NGO tie-ups


4. Channel & Pricing Gaps

4.1 Underserved routes

4.2 Pricing bands analysis


5. Unmet Demand & Latent Needs

5.1 Category gaps

5.2 Consumer segments


6. Customer Relationship

6.1 Loyalty programs

6.2 After-sales service


7. Value Proposition

7.1 Sustainability initiatives

7.2 Integrated supply chains


8. Key Activities

8.1 Regulatory compliance

8.2 Branding efforts

8.3 Distribution setup


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product mix considerations
9.1.2 Pricing band strategies
9.1.3 Packaging options

9.2 Export Entry Strategy

9.2.1 Target countries analysis
9.2.2 Compliance roadmap

10. Entry Mode Assessment

10.1 Joint Ventures

10.2 Greenfield investments

10.3 Mergers & Acquisitions

10.4 Distributor Model


11. Capital and Timeline Estimation

11.1 Capital requirements

11.2 Timelines for implementation


12. Control vs Risk Trade-Off

12.1 Ownership considerations

12.2 Partnerships evaluation


13. Profitability Outlook

13.1 Breakeven analysis

13.2 Long-term sustainability strategies


14. Potential Partner List

14.1 Distributors

14.2 Joint Ventures

14.3 Acquisition targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup
15.1.2 Market Entry
15.1.3 Growth Acceleration
15.1.4 Scale & Stabilize

15.2 Key Activities and Milestones

15.2.1 Milestone tracking
15.2.2 Activity scheduling

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of industry reports from chemical associations and market research firms
  • Review of government publications and trade statistics related to chemical imports and exports
  • Examination of academic journals and publications focusing on resorcinol applications and market trends

Primary Research

  • Interviews with key stakeholders in the resorcinol supply chain, including manufacturers and distributors
  • Surveys targeting end-users in industries such as rubber, adhesives, and pharmaceuticals
  • Field visits to production facilities to gather insights on operational practices and capacity

Validation & Triangulation

  • Cross-referencing data from multiple sources to ensure consistency and reliability
  • Engaging industry experts for qualitative insights and validation of quantitative findings
  • Conducting peer reviews with internal analysts to refine data interpretations and conclusions

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of the total addressable market for resorcinol based on national chemical production data
  • Segmentation of the market by application areas such as automotive, construction, and personal care
  • Incorporation of macroeconomic indicators and growth forecasts for relevant end-user industries

Bottom-up Modeling

  • Collection of production volume data from leading resorcinol manufacturers in Vietnam
  • Analysis of pricing trends and cost structures within the resorcinol market
  • Estimation of market share distribution among key players based on sales data

Forecasting & Scenario Analysis

  • Utilization of time-series analysis to project future demand based on historical growth rates
  • Scenario modeling to assess the impact of regulatory changes and environmental policies on market dynamics
  • Development of best-case, worst-case, and most-likely scenarios through 2030

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Automotive Industry Applications100Product Development Managers, Quality Assurance Engineers
Adhesives and Sealants Sector80Procurement Managers, R&D Specialists
Rubber Manufacturing90Production Supervisors, Technical Directors
Pharmaceuticals and Personal Care70Regulatory Affairs Managers, Product Managers
Construction Materials60Supply Chain Managers, Project Engineers

Frequently Asked Questions

What is the current value of the Vietnam Resorcinol Market?

The Vietnam Resorcinol Market is valued at approximately USD 150 million, reflecting a five-year historical analysis. This valuation is driven by increasing demand across various applications, including adhesives, coatings, and automotive components.

What are the main applications of resorcinol in Vietnam?

Who are the key players in the Vietnam Resorcinol Market?

How is the Vietnam Resorcinol Market segmented?

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