The global demand for Resorcinol Formaldehyde Latex Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Resorcinol formaldehyde latex (RFL) is composite material useful for bonding synthetic fibers and rubber compounds. Most commonly, the RFL is strong, heat-resistant and flexible adhesive used for attaching/ bonding fabrics to the rubber. It possess excellent ability to bind wide range of rubber, fibers and fabrics. It is also used in bonding tires, conveyor belts, hoses, diaphragms and other materials.
The rubber is used across manufacturing sector in varied forms. Wide absorption of tires in the automotive and transportation sector creates demand for RFL market. Emergence of new composite materials with rubber with development of newer and advanced technique for tire manufacturing, is expected to offer lucrative opportunities for the RFL market. Increasing usage of rubber in industrial facilities in transmission belts, non-flat belt, and various rubber fabricated products pushes the market growth. However, in current COVID-19 crisis, the demand for tyres in the Europe and North America has dip sharply impacting the market growth negatively.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of resorcinol formaldhyde latex.
The entire resorcinol formaldhyde latex market has been sub-categorized into material type and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Power Transmission Belts
- Conveyor Belts
This section covers regional segmentation which accentuates on current and future demand for resorcinol Formaldehyde Latex market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Resorcinol Formaldehyde Latex Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the resorcinol formaldehyde latex market include Charah Solutions, Inc., Sunrise Resources plc, Kirkland Mining Company, I-Minerals Inc., Burgess Pigment Company, Nevada Cement Company, IMERYS, Hess Pumice Incorporated, CR Minerals Company, LLC., Vulcan Ceramics Co Pvt Ltd and CARBO Ceramics Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.