- 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.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=76869

Global Resorcinol Formaldehyde Latex Market – Key Takeaways

• In terms of product, the global resorcinol formaldehyde market can be segmented into polyester, fiberglass, aramid, nylon, and rayon among others.
• Nylon is projected to continue to be the highest value product segment in the global market over the course of the given forecast period. This trend I s anticipated to continue to dominate the global resorcinol formaldehyde latex market in the near future. On the other hand, the segment of aramid is projected to expand at a moderate pace in the coming years.
• In terms of application, the global market for resorcinol formaldehyde latex is expected be led by the segment of tires. The tire industry has played a crucial role in the development of the global market. This is because tires are a crucial component of the automobile industry in both developed as well as developing economies.

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 https://www.transparencymarketresearch.com/resorcinol-formaldehyde-latex-market.html

Global Resorcinol Formaldehyde Latex Market – Key Driving Factors

• These are several notable factors that are helping to drive the growth of the global resorcinol formaldehyde latex market.
• One of the biggest growth factors for the market development has been an increasing demand for electric vehicles. Due to the growing environment concerns, the demand has been on a constant rise in recent years. This is projected to help in creating massive demand for tire, which ultimately will help in driving the growth of the global market.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/76869

Global Resorcinol Formaldehyde Latex Market – Key Restraining Factors

• There are some factors that might impede the growth of the global resorcinol formaldehyde market and stop it from reaching its full potential.
• Numerous plywood adhesives typically emit formaldehyde because of the hydrolysis of weaker chemical bonds at the time of manufacturing of wood-based materials for prolonged or long lasting use. The resins of resorcinol formaldehyde are known to emit formaldehyde. Thus, it is hugely regulated in indoor environments.
• Such high levels of regulatory standards may slowdown the growth of the global resorcinol formaldehyde market in the coming years of the forecast period.
• Global Resorcinol Formaldehyde Latex Market – Geographical Outlook
• In terms of geographical outlook, the global market for resorcinol formaldehyde latex is expected to be dominated by the regional segment of Asia Pacific.
• Primarily, the demand for the product is expected to be led by China. The country accounts for over 50% of the overall share of the regional market.

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.

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."

Contact

Mr. Rohit Bhisey

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Website: http://www.transparencymarketresearch.com

SOURCE Transparency Market Research