Resorcinol Formaldehyde Latex Market Key Players Analysis 2031
Resorcinol formaldehyde latex is a composite material, consisting of several components including resorcinol (R), formaldehyde (F) and latex (L), which provides the bonding of synthetic fibers and rubber compounds. Resorcinol formaldehyde latex are used to treat textiles to make them bondable to rubber. It is primarily used for adhesive purposes. It is prepared by crystallization of benzene and is soluble in ether, alcohol, and water.
MARKET DYNAMICS
The resorcinol formaldehyde latex market has witnessed significant growth due to the increasing research and development in this segment. Moreover, growing demand for tires provides a huge market opportunity for the key players operating in the resorcinol formaldehyde latex market. However, strict government regulations is projected to hamper the overall growth of the resorcinol formaldehyde latex market in the forecast period.
MARKET SCOPE
The "Global Resorcinol Formaldehyde Latex Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the resorcinol formaldehyde latex market with detailed market segmentation application, and geography. The global resorcinol formaldehyde latex market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading resorcinol formaldehyde latex market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global resorcinol formaldehyde latex market is segmented on the basis of application. On the basis of application, the global resorcinol formaldehyde latex market is divided into tires, power transmission belts, hoses, conveyor belts, diaphragms, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global resorcinol formaldehyde latex market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The resorcinol formaldehyde latex market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the resorcinol formaldehyde latex market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the resorcinol formaldehyde latex market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global resorcinol formaldehyde latex market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The resorcinol formaldehyde latex market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the resorcinol formaldehyde latex market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the resorcinol formaldehyde latex market in these regions.
MARKET PLAYERS
The reports cover key developments in the resorcinol formaldehyde latex market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as type launches, type approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from resorcinol formaldehyde latex market is anticipated to lucrative growth opportunities in the future with the rising demand for resorcinol formaldehyde latex in the global market. Below mentioned is the list of few companies engaged in the resorcinol formaldehyde latex market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the resorcinol formaldehyde latex market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Akrochem Corporation
- ASK Chemicals
- Atul Ltd
- Innova Global
- JIANGSU ZHONGDAN GROUP CO., LTD.
- LANXESS
- LGC Limited;
- Richest Group Limited
- Sumitomo Chemical Co., Ltd
- Spectrum Chemical Manufacturing Corp.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Resorcinol Formaldehyde Latex Market - By Application
1.3.2 Resorcinol Formaldehyde Latex Market - By Region
1.3.2.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. RESORCINOL FORMALDEHYDE LATEX MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. RESORCINOL FORMALDEHYDE LATEX MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. RESORCINOL FORMALDEHYDE LATEX MARKET - GLOBAL MARKET ANALYSIS
6.1. RESORCINOL FORMALDEHYDE LATEX - GLOBAL MARKET OVERVIEW
6.2. RESORCINOL FORMALDEHYDE LATEX - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. RESORCINOL FORMALDEHYDE LATEX MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. TIRES
7.3.1. Overview
7.3.2. Tires Market Forecast and Analysis
7.4. POWER TRANSMISSION BELTS
7.4.1. Overview
7.4.2. Power Transmission Belts Market Forecast and Analysis
7.5. HOSES
7.5.1. Overview
7.5.2. Hoses Market Forecast and Analysis
7.6. CONVEYOR BELTS
7.6.1. Overview
7.6.2. Conveyor Belts Market Forecast and Analysis
7.7. DIAPHRAGMS
7.7.1. Overview
7.7.2. Diaphragms Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. RESORCINOL FORMALDEHYDE LATEX MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America Resorcinol Formaldehyde Latex Market Overview
8.1.2 North America Resorcinol Formaldehyde Latex Market Forecasts and Analysis
8.1.3 North America Resorcinol Formaldehyde Latex Market Forecasts and Analysis - By Application
8.1.4 North America Resorcinol Formaldehyde Latex Market Forecasts and Analysis - By Countries
8.1.4.1 United States Resorcinol Formaldehyde Latex Market
8.1.4.1.1 United States Resorcinol Formaldehyde Latex Market by Application
8.1.4.2 Canada Resorcinol Formaldehyde Latex Market
8.1.4.2.1 Canada Resorcinol Formaldehyde Latex Market by Application
8.1.4.3 Mexico Resorcinol Formaldehyde Latex Market
8.1.4.3.1 Mexico Resorcinol Formaldehyde Latex Market by Application
8.2. EUROPE
8.2.1 Europe Resorcinol Formaldehyde Latex Market Overview
8.2.2 Europe Resorcinol Formaldehyde Latex Market Forecasts and Analysis
8.2.3 Europe Resorcinol Formaldehyde Latex Market Forecasts and Analysis - By Application
8.2.4 Europe Resorcinol Formaldehyde Latex Market Forecasts and Analysis - By Countries
8.2.4.1 Germany Resorcinol Formaldehyde Latex Market
8.2.4.1.1 Germany Resorcinol Formaldehyde Latex Market by Application
8.2.4.2 France Resorcinol Formaldehyde Latex Market
8.2.4.2.1 France Resorcinol Formaldehyde Latex Market by Application
8.2.4.3 Italy Resorcinol Formaldehyde Latex Market
8.2.4.3.1 Italy Resorcinol Formaldehyde Latex Market by Application
8.2.4.4 United Kingdom Resorcinol Formaldehyde Latex Market
8.2.4.4.1 United Kingdom Resorcinol Formaldehyde Latex Market by Application
8.2.4.5 Russia Resorcinol Formaldehyde Latex Market
8.2.4.5.1 Russia Resorcinol Formaldehyde Latex Market by Application
8.2.4.6 Rest of Europe Resorcinol Formaldehyde Latex Market
8.2.4.6.1 Rest of Europe Resorcinol Formaldehyde Latex Market by Application
8.3. ASIA-PACIFIC
8.3.1 Asia-Pacific Resorcinol Formaldehyde Latex Market Overview
8.3.2 Asia-Pacific Resorcinol Formaldehyde Latex Market Forecasts and Analysis
8.3.3 Asia-Pacific Resorcinol Formaldehyde Latex Market Forecasts and Analysis - By Application
8.3.4 Asia-Pacific Resorcinol Formaldehyde Latex Market Forecasts and Analysis - By Countries
8.3.4.1 Australia Resorcinol Formaldehyde Latex Market
8.3.4.1.1 Australia Resorcinol Formaldehyde Latex Market by Application
8.3.4.2 China Resorcinol Formaldehyde Latex Market
8.3.4.2.1 China Resorcinol Formaldehyde Latex Market by Application
8.3.4.3 India Resorcinol Formaldehyde Latex Market
8.3.4.3.1 India Resorcinol Formaldehyde Latex Market by Application
8.3.4.4 Japan Resorcinol Formaldehyde Latex Market
8.3.4.4.1 Japan Resorcinol Formaldehyde Latex Market by Application
8.3.4.5 South Korea Resorcinol Formaldehyde Latex Market
8.3.4.5.1 South Korea Resorcinol Formaldehyde Latex Market by Application
8.3.4.6 Rest of Asia-Pacific Resorcinol Formaldehyde Latex Market
8.3.4.6.1 Rest of Asia-Pacific Resorcinol Formaldehyde Latex Market by Application
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa Resorcinol Formaldehyde Latex Market Overview
8.4.2 Middle East and Africa Resorcinol Formaldehyde Latex Market Forecasts and Analysis
8.4.3 Middle East and Africa Resorcinol Formaldehyde Latex Market Forecasts and Analysis - By Application
8.4.4 Middle East and Africa Resorcinol Formaldehyde Latex Market Forecasts and Analysis - By Countries
8.4.4.1 South Africa Resorcinol Formaldehyde Latex Market
8.4.4.1.1 South Africa Resorcinol Formaldehyde Latex Market by Application
8.4.4.2 Saudi Arabia Resorcinol Formaldehyde Latex Market
8.4.4.2.1 Saudi Arabia Resorcinol Formaldehyde Latex Market by Application
8.4.4.3 U.A.E Resorcinol Formaldehyde Latex Market
8.4.4.3.1 U.A.E Resorcinol Formaldehyde Latex Market by Application
8.4.4.4 Rest of Middle East and Africa Resorcinol Formaldehyde Latex Market
8.4.4.4.1 Rest of Middle East and Africa Resorcinol Formaldehyde Latex Market by Application
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America Resorcinol Formaldehyde Latex Market Overview
8.5.2 South and Central America Resorcinol Formaldehyde Latex Market Forecasts and Analysis
8.5.3 South and Central America Resorcinol Formaldehyde Latex Market Forecasts and Analysis - By Application
8.5.4 South and Central America Resorcinol Formaldehyde Latex Market Forecasts and Analysis - By Countries
8.5.4.1 Brazil Resorcinol Formaldehyde Latex Market
8.5.4.1.1 Brazil Resorcinol Formaldehyde Latex Market by Application
8.5.4.2 Argentina Resorcinol Formaldehyde Latex Market
8.5.4.2.1 Argentina Resorcinol Formaldehyde Latex Market by Application
8.5.4.3 Rest of South and Central America Resorcinol Formaldehyde Latex Market
8.5.4.3.1 Rest of South and Central America Resorcinol Formaldehyde Latex Market by Application
9. INDUSTRY LANDSCAPE
9.1. MERGERS AND ACQUISITIONS
9.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
9.3. NEW PRODUCT LAUNCHES
9.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
10. RESORCINOL FORMALDEHYDE LATEX MARKET, KEY COMPANY PROFILES
10.1. AKROCHEM CORPORATION
10.1.1. Key Facts
10.1.2. Business Description
10.1.3. Products and Services
10.1.4. Financial Overview
10.1.5. SWOT Analysis
10.1.6. Key Developments
10.2. ASK CHEMICALS
10.2.1. Key Facts
10.2.2. Business Description
10.2.3. Products and Services
10.2.4. Financial Overview
10.2.5. SWOT Analysis
10.2.6. Key Developments
10.3. ATUL LTD
10.3.1. Key Facts
10.3.2. Business Description
10.3.3. Products and Services
10.3.4. Financial Overview
10.3.5. SWOT Analysis
10.3.6. Key Developments
10.4. INNOVA GLOBAL
10.4.1. Key Facts
10.4.2. Business Description
10.4.3. Products and Services
10.4.4. Financial Overview
10.4.5. SWOT Analysis
10.4.6. Key Developments
10.5. JIANGSU ZHONGDAN GROUP CO., LTD.
10.5.1. Key Facts
10.5.2. Business Description
10.5.3. Products and Services
10.5.4. Financial Overview
10.5.5. SWOT Analysis
10.5.6. Key Developments
10.6. LANXESS
10.6.1. Key Facts
10.6.2. Business Description
10.6.3. Products and Services
10.6.4. Financial Overview
10.6.5. SWOT Analysis
10.6.6. Key Developments
10.7. LGC LIMITED;
10.7.1. Key Facts
10.7.2. Business Description
10.7.3. Products and Services
10.7.4. Financial Overview
10.7.5. SWOT Analysis
10.7.6. Key Developments
10.8. RICHEST GROUP LIMITED
10.8.1. Key Facts
10.8.2. Business Description
10.8.3. Products and Services
10.8.4. Financial Overview
10.8.5. SWOT Analysis
10.8.6. Key Developments
10.9. SUMITOMO CHEMICAL CO., LTD
10.9.1. Key Facts
10.9.2. Business Description
10.9.3. Products and Services
10.9.4. Financial Overview
10.9.5. SWOT Analysis
10.9.6. Key Developments
10.10. SPECTRUM CHEMICAL MANUFACTURING CORP.
10.10.1. Key Facts
10.10.2. Business Description
10.10.3. Products and Services
10.10.4. Financial Overview
10.10.5. SWOT Analysis
10.10.6. Key Developments
11. APPENDIX
11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS
1. Akrochem Corporation
2. ASK Chemicals
3. Atul Ltd
4. Innova Global
5. JIANGSU ZHONGDAN GROUP CO., LTD.
6. LANXESS
7. LGC Limited;
8. Richest Group Limited
9. Sumitomo Chemical Co., Ltd
10. Spectrum Chemical Manufacturing Corp.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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