Resorcinol Formaldehyde Latex Market Trends

  • Report ID: 4670
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT
  1. An Introduction to Research Study
    1. Preface
    2. Market Taxonomy
    3. Definition of the Market & Segments
    4. Acronyms & Assumptions
  2.  Research Procedure
    1. Sources of Data
      1. Secondary
      2. Primary
    2. Calculation and Derivation of Market Size
      1. Top-Down Approach
      2. Bottom-up Approach
  3. Abstract of the Report– Global Resorcinol Formaldehyde Latex Market
  4. Evaluation of Market Fluctuations and Outlook
    1. Market Growth Drivers
    2. Market Growth Deflation
    3. Market Trends
  5. Regulatory and Standards Landscape
    1. Manufacturing Standards & Compliances
    2. Environmental Compliances
  6. Economic Outlook
  7. Technological Shift and Implementation Analysis
  8. Industry Value Chain Analysis
    1. Manufacturing
    2. Distribution
    3. End User Outlook
  9. Impact of COVID-19 on the Resorcinol Formaldehyde Latex Market
    1. Impact on the Overall Market
    2. Impact on the Demand
    3. Impact on the Supply & Distribution
    4. Impact on the Key Market Players
    5. Impact on the Pricing
  10. Patent Analysis
  11. EXIM Analysis
  12. Regional Demand Analysis
  13. Competitive Positioning
  14. Comprehensive Analysis of Leading Players in the Market
    1. Market Share Analysis, 2022
    2. Benchmarking of the Competitors
    3. Profile of the Major Vendors
      1. Atul Ltd.
      2. JIANGSU ZHONGDAN GROUP CO., LTD
      3. Lanxess
      4. Compotex Ltd.
      5. SI Group, Inc.
      6. Beaver Manufacturing Company
      7. Profile of Key Japanese Players
        1. Sumitomo Chemical Co., Ltd
        2. ASK Chemicals GmbH
        3. Nagase ChemteX Corporation
        4. Other Prominent Players
  15. Global Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036, Worldwide Factors Fostering the Industry Growth
    1. Market Summary
    2. Market Value (USD Million) Current and Future Projections, 2023-2036
    3. Market Volume (Tons) Current and Future Projections, 2023-2036
    4. Market Increment $ Opportunity Assessment, 2023-2036
    5. Year on Year Growth Forecast (%)
    6. Global Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036
      1. By Type
        1. Rayon Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        2. Nylon Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        3. Fiberglass Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        4. Polyester Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        5. Others Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
      2. By Application
        1. Tires Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        2. Power Transmission Belts Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2022-  2033
        3. Hoses Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        4. Conveyor Belts Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        5. Diaphragms Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        6. Others Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
      3. Global Resorcinol Formaldehyde Latex Market, By Region, 2021 -2031
        1. North America, 2023-2036F (USD million & Tons)
        2. Latin America, 2023-2036F (USD million & Tons)
        3. Europe, 2023-2036F (USD million & Tons)
        4. Asia-Pacific Excluding Japan, 2023-2036F (USD million & Tons)
        5. Japan, 2023-2036F (USD million & Tons)
  16. Cross Analysis of Type w.r.to. Application (USD Million & Tons), 2022
  17. North America Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. List of key Players
      1. By Type
        1. Rayon Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        2. Nylon Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        3. Fiberglass Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        4. Polyester Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        5. Others Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
      2. By Application
        1. Tires Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        2. Power Transmission Belts Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2022-  2033
        3. Hoses Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        4. Conveyor Belts Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        5. Diaphragms Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        6. Others Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
      3. Country
        1. U.S., 2023-2036F (USD million & Tons)
        2. Canada, 2023-2036F (USD million & Tons)
  18. Latin America Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. List of key Players
      1. By Type
      2. By Application
      3. By Country
        1. Brazil, 2023-2036F (USD million & Tons)
        2. Argentina, 2023-2036F (USD million & Tons)
        3. Mexico, 2023-2036F (USD million & Tons)
        4. Rest of Latin America, 2023-2036F (USD million & Tons)
  19. Europe Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. List of key Players
      1. By Type
      2. By Application
      3. By Country
        1. U.K., 2023-2036F (USD million & Tons)
        2. Germany, 2023-2036F (USD million & Tons)
        3. Italy, 2023-2036F (USD million & Tons)
        4. France, 2023-2036F (USD million & Tons)
        5. Spain, 2023-2036F (USD million & Tons)
        6. Russia, 2023-2036F (USD million & Tons)
        7. Netherland, 2023-2036F (USD million & Tons)
        8. Rest of Europe, 2023-2036F (USD million & Tons)
  20. Asia Pacific Excluding Japan Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. List of key Players
      1. By Type
      2. By Application
      3. Country
        1. Australia, 2023-2036F (USD million & Tons)
        2. Singapore, 2023-2036F (USD million & Tons)
        3. South Korea 2023-2036F (USD million & Tons)
        4. India, 2023-2036F (USD million & Tons)
        5. China, 2023-2036F (USD million & Tons)
        6. Rest of Asia Pacific, 2023-2036F (USD million & Tons)
  21. Japan Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. List of key Player
      1. By Type
      2. By Application
  22. Middle East & Africa Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. List of key distributors
      1. By Type
      2. By Application
      3. Country
        1. GCC, 2023-2036F (USD million & Tons)
        2. Israel, 2023-2036F (USD million & Tons)
        3. South Africa, 2023-2036F (USD million & Tons)
        4. Rest of Middle East & Africa, 2023-2036F (USD million & Tons)

 

Resorcinol Formaldehyde Latex Market Trends

Growth Drivers

  • Growing Use of Resorcinol Formaldehyde Latex in Medical Sector - Rayon are extensively used in medical industry in order to manufacture surgical wraps and bandages which are further used for dressing wound especially after surgeries. This dressing is applied directly to the wound bed and offer the benefits of less adhesion to the wound as well as the flexibility to mold into deeper wound depressions in order to fill empty space and offer absorption. Hence the growing number of surgeries is estimated to boost the demand for rayon. A startling 310 million major procedures are carried out every year over the world, with between 40 to 50 million taking place in the United States and 20 million in Europe.
  • Surge in Coal Consumption - Global coal output in 2019 were expected to be 7.9 billion tonnes, up 116 million tonnes from 2018. 79% of the world's coal production was produced by the top 5 producing nations, which includes China, India, United States, Indonesia, and Australia. Hence, owing to the surge in coal consumption the demand for conveyor belt is growing, which is further estimated to boost the market growth.
  • Rising Demand for Autonomous Vehicles - It is expected that between 2019 and 2024, there would be an increase in the number of autonomous vehicles with at least Level 1 autonomy (driver assistance). The number of autonomous vehicles worldwide is expected to rise from an estimated 30 million in 2019 to about 53 million in 2024.
  • Growth for Drip Irrigation in Agriculture - Agriculture records indicate that the state in India has the highest drip irrigation coverage in the nation, covering at least 20 lakh hectors of land in 2018. The growth of drip irrigation is therefore estimated to boost the demand for hoses.
  • Upsurge in Tiers Manufacturing - Overall tire shipments from the United States reached about 300 million units in 2021. With almost 220 million units, replacement passenger tires accounted for the majority of tire units supplied in 2021.

Challenges

  • Availability for Substitutes - During the projected period, the presence of alternatives is likely to restrain demand for resorcinol formaldehyde latex. Alternatives, which do not require resorcinol formaldehyde but yet achieve the same degree of performance as traditional methods, are widely employed. One such alternative is Teijin Frontier's THINK ECO adhesive for rubber reinforcing fiber. As a result, the availability of alternatives is anticipated to negatively impact demand for resorcinol formaldehyde latex during the projected period.
  • Elimination of Toxic Monomeric Isocyanates During Dipping Process
  • Government Strict Regulations

Resorcinol Formaldehyde Latex Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

3.59%

Base Year Market Size (2022)

USD 160.7 Million

Forecast Year Market Size (2033)

USD 226.5 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Base Year

2024

Forecast Year

2025-2037

CAGR

3.7%

Base Year Market Size (2024)

USD 172.65 million

Forecast Year Market Size (2037)

USD 276.88 million

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Author Credits:  Rajrani Baghel


  • Report ID: 4670
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of resorcinol formaldehyde latex is evaluated at USD 183.02 million.

The resorcinol formaldehyde latex market size was over USD 172.65 million in 2024 and is poised to exceed USD 276.88 million by 2037, growing at over 3.7% CAGR during the forecast period i.e., between 2025-2037. The market growth is driven by growing use of resorcinol formaldehyde latex in medical sector, surge in coal consumption, rising demand for autonomous vehicles, and others.

Asia Pacific industry is expected to hold largest revenue share by 2037, backed by growing automotive, mining, and textile industry, along with existence of the largest automotive production base in the world and fierce competition amongst various producers in the region.

The major players in the market are Atul Ltd., Compotex Ltd., Lanxess, SI Group, Inc., Sumitomo Chemical Co., Ltd., ASK Chemicals GmbH, Jiangsu Zhongdan Group Co. Ltd., Nagase ChemteX Corporation, Beaver Manufacturing Company.
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