Press release
Resorcinol Formaldehyde Latex Market To Reach Valuation Of ~US$ 730 Mn By 2030
In terms of value, the global resorcinol formaldehyde latex market is anticipated to expand at a CAGR of 3% from 2020 to 2030 and cross value of ~US$ 730 Mn by 2030. Asia Pacific dominated the global resorcinol formaldehyde latex market in terms of volume in 2019. It is estimated to be the leading region of the global resorcinol formaldehyde latex market during the forecast period. Automotive manufacturers plan to expand their portfolio in Asia Pacific, thereby offering lucrative growth opportunities for the resorcinol formaldehyde latex market.
Report Overview - https://www.transparencymarketresearch.com/resorcinol-formaldehyde-latex-market.html
In July 2019, Bridgestone India invested US$ 47.45 Mn to expand its manufacturing plant in Indore, Madhya Pradesh, India. Currently, the production capacity of the facility stands at up to 20,000 tires a day. This is expected to boost the demand for resorcinol formaldehyde latex during the forecast period.
Request Brochure of Report -https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=76869
Resorcinol Formaldehyde Latex Market: Key Drivers and Restraints
Increase in usage of resorcinol formaldehyde latex in tires for various automotive applications is anticipated to boost the resorcinol formaldehyde latex market to during the forecast period. Various high tenacity fibers such as nylon, aramid, polyester have been developed to achieve higher strength reinforcements in tire applications. Thus, combination of adhesives with fibers helps lower the heat build-up and enhance fatigue resistance in tires. Resorcinol formaldehyde latex adhesives are chemically combined to make strong, heat resistant, highly flexible adhesives that are suited for rubber-to-fabric textile bonding.
The usage of resorcinol formaldehyde latex in the manufacture of conveyer belts has increased significantly in Qatar. In December 2016, Qatar Primary Materials Company (QPMC) launched the longest conveyor belt systems that measures up to 4.8 km at the Hamad Port. The launch and operation of the bulk material handling system is expected to bring various industrial, economic, and environmental benefits to major construction and infrastructure development projects in Qatar. This, in turn, is projected to propel the resorcinol formaldehyde latex market during the forecast period. Increase in regulations over the usage of formaldehyde and availability of substitutes are likely to hamper the resorcinol formaldehyde latex market during the forecast period. Formaldehyde-based adhesives are known to emit formaldehyde; as a result, they are considered carcinogenic. Alternatives such as THINK ECO adhesive for rubber reinforcing fiber are being used extensively, as these do not use resorcinol formaldehyde, but still achieve the same level of performance as conventional methods. Thus, implementation of stringent regulations over the usage of formaldehyde and availability of substitutes are expected to adversely affect the demand for resorcinol formaldehyde latex during the forecast period.
Request Special Discount on Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=76869
Competition Landscape of Resorcinol Formaldehyde Latex Market
Major players operating in the global resorcinol formaldehyde latex market include Sumitomo Chemical Co., Ltd.; LANXESS; LGC Limited; Atul Ltd.; JIANGSU ZHONGDAN GROUP CO., LTD.; and Akrochem Corporation
Buy Now - https://www.transparencymarketresearch.com/checkout.php?rep_id=76869<ype=S
Contact Us:
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: https://www.transparencymarketresearch.com/
About Us:
Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Resorcinol Formaldehyde Latex Market To Reach Valuation Of ~US$ 730 Mn By 2030 here
News-ID: 2567011 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Resorcinol
Phenylethyl Resorcinol Smart Lipids for Skin Brightening
Understanding Phenylethyl Resorcinol
Phenylethyl Resorcinol, a synthetic and stable compound, stands out with its potent inhibition ability in tyrosinase bioactivities, a critical enzyme in melanin synthesis. It surpasses kojic acid in strength, safety, and stability, outperforms hydroquinone in safety, and is more effective than AHAs and vitamin C in addressing skin lightening and hyperpigmentation concerns.
Phenylethyl resorcinol, a potent skin-lightening agent [https://www.yrbeautyactives.com/newly-potent-skin-lightening-agent-phenylethyl-resorcinol-product/], is often chosen as a safe alternative to hydroquinone without…
Resorcinol Price Trend Report: A Comprehensive Analysis
Resorcinol, a versatile organic compound, has become essential across various industries due to its wide-ranging applications. From pharmaceuticals and cosmetics to rubber production and adhesives, this compound plays a critical role. Understanding its price trends is crucial for industries and investors who rely on it as a core raw material. This article delves into the factors that influence the resorcinol price trend, recent fluctuations, and what we can expect in…
Resorcinol Prices, Trends & Forecasts | Provided by Procurement Resource
In the first two quarters of 2023, Resorcinol prices faced diverse challenges across Asia, Europe, and North America. In Asia, factors such as high inventories, reduced manufacturing, and export rates, alongside Chinese government measures to combat economic downturn, led to a significant price decline. Europe witnessed an initial surge in Resorcinol prices driven by stable demand and supply shortages, but a subsequent fall was attributed to sliding demand, increased imports,…
Resorcinol Formaldehyde Latex Market Challenges, Analysis and Forecast 2031
𝐑𝐞𝐬𝐨𝐫𝐜𝐢𝐧𝐨𝐥 𝐅𝐨𝐫𝐦𝐚𝐥𝐝𝐞𝐡𝐲𝐝𝐞 𝐋𝐚𝐭𝐞𝐱 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧
In terms of value, the global resorcinol formaldehyde latex market is anticipated to expand at a CAGR of 3% from 2020 to 2030 and cross value of ~US$ 730 Mn by 2030. Asia Pacific dominated the global resorcinol formaldehyde latex market in terms of volume in 2019. It is estimated to be the leading region of the global resorcinol formaldehyde latex market during the forecast period.…
Global Resorcinol Market
Resorcinol is an organic compound with the formula C6H6O2. It is utilized as an effective chemical intermediate in introduction of organic compounds, diazo dyes, plasticizers and in pharmaceutical formulations. Resorcinol is also cured as UV absorber in resins. In medication, it plays a vivacious role as an antiseptic, ointment preparation and several skin disease treatments.
For more details @ https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/global-resorcinol-market/493205-101.html
According to the report analysis, 'Global Resorcinol (1,3-Dihydroxy Benzene, CAS 108-46-3)…
Global Resorcinol Market 2018: How Will Perform in Future?
In this report, the global Resorcinol market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
What Is Resorcinol?
Resorcinol works by breaking down rough, scaly, or hardened skin. Resorcinol also disinfects the skin to help fight infection.
Resorcinol topical (for the skin) is used to treat pain and itching caused…
