Increasing Demand for Automobiles Tires to Drive Valuation of Global Resorcinol Formaldehyde Latex Market to US$ 730 Mn by 2030

Increasing Demand for Automobiles Tires to Drive Valuation of Global Resorcinol Formaldehyde Latex Market to US$ 730 Mn by 2030

PR Newswire

NEW YORK, May 19, 2020

- In recent years, the global automotive sector has developed at a considerable pace. This has prompted an increased demand for resorcinol formaldehyde market.

- With growing automobile sector, the demand for tires will be on the rise, which will, ultimately help the development of the global market.

NEW YORK, May 19, 2020 /PRNewswire/ -- Transparency Market. Research has recently published a new research report that provides a detailed information about the global resorcinol formaldehyde latex market. The research report provides great information about the overall working dynamics of the global market the report shades light on the key segments, prominent growth drivers, key restraining factors, geographical outlooks, and the current state of competitive landscape of the global resorcinol formaldehyde latex market.


As per the research report, the global market for resorcinol formaldehyde latex is expected to showcase a moderate CAGR of 3% over the course of the given forecast period ranging from 2020 to 2030. At this rate of growth, the valuation of the global market is expected to rise up to US$730 Mn by the fall of 2030.

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Global Resorcinol Formaldehyde Latex Market – Key Takeaways

Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Resorcinol Formaldehyde Latex Market (Product Type: Rayon, Nylon, Aramid, Fiberglass, Polyester, and Others; and Application: Tires, Power Transmission Belts, Hoses, Conveyor Belts, Diaphragms, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030, at

Global Resorcinol Formaldehyde Latex Market – Key Driving Factors

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Global Resorcinol Formaldehyde Latex Market – Key Restraining Factors

Analyze Resorcinol Formaldehyde Latex Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.

Global Resorcinol Formaldehyde Latex Market – Key Players

Some of the key players in the global resorcinol formaldehyde latex market are Sumitomo Chemical Co. Ltd., LANXESS, LGC Limited, Atul Ltd., and Jiangsu Zhongdang Group Co. Ltd. among others.

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials industry,

Sodium Lauryl Sulfate Market - In terms of value, the global sodium lauryl sulfate market was valued at around US$ 9.00 Bn in 2018 and is anticipated to expand at a CAGR of more than 4.0% from 2019 to 2027

Liquid Packaging Market - The global demand for Liquid Packaging stood nearly US$ 428.5 Bn in 2018 and is projected to reach over US$ 657.5 Bn by 2027.  Changes in consumer behavior and a rise in the number of people migrating from rural to urban areas are driving the liquid packaging market. 

Propane Market - The propane market is highly fragmented, with ~70% of the market share dominated by small- and medium-sized players. This increases scope for the growth of small- and medium-sized players of the propane market to innovate offerings such as funding for mobile platforms that offer the hassle-free delivery of propane.

Glycolic Acid Market - Cleaning agent application segment of the glycolic acid market is estimated to reach the production of ~28,500 tons by the end of 2027. Hence, manufacturers in the glycolic acid market are innovating in new cleaning agents.

Defoamers Market - The growth of the defoamers market can be attributed to the advancements in end-use industries such as agrochemicals, food and beverages, and oil and gas.

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