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Resorcinol Formaldehyde Latex Market Size and Forecast, by Type (Rayon, Nylon, Fiberglass, Polyester), Application (Tires, Power Transmission Bells, Hoses, Conveyor Bells, Diaphragms) - Growth Trends, Key Players, Regional Analysis 2026-2035

  • Report ID: 4670
  • Published Date: Nov 24, 2025
  • Report Format: PDF, PPT
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  1. An Introduction to Research Study
    1. Preface
    2. Market Taxonomy
    3. Definition of the Market & Segments
    4. Acronyms & Assumptions
  2.  Research Procedure
    1. Sources of Data
      1. Secondary
      2. Primary
    2. Calculation and Derivation of Market Size
      1. Top-Down Approach
      2. Bottom-up Approach
  3. Abstract of the Report– Global Resorcinol Formaldehyde Latex Market
  4. Evaluation of Market Fluctuations and Outlook
    1. Market Growth Drivers
    2. Market Growth Deflation
    3. Market Trends
  5. Regulatory and Standards Landscape
    1. Manufacturing Standards & Compliances
    2. Environmental Compliances
  6. Economic Outlook
  7. Technological Shift and Implementation Analysis
  8. Industry Value Chain Analysis
    1. Manufacturing
    2. Distribution
    3. End User Outlook
  9. Impact of COVID-19 on the Resorcinol Formaldehyde Latex Market
    1. Impact on the Overall Market
    2. Impact on the Demand
    3. Impact on the Supply & Distribution
    4. Impact on the Key Market Players
    5. Impact on the Pricing
  10. Patent Analysis
  11. EXIM Analysis
  12. Regional Demand Analysis
  13. Competitive Positioning
  14. Comprehensive Analysis of Leading Players in the Market
    1. Market Share Analysis, 2022
    2. Benchmarking of the Competitors
    3. Profile of the Major Vendors
      1. Atul Ltd.
      2. JIANGSU ZHONGDAN GROUP CO., LTD
      3. Lanxess
      4. Compotex Ltd.
      5. SI Group, Inc.
      6. Beaver Manufacturing Company
      7. Profile of Key Japanese Players
        1. Sumitomo Chemical Co., Ltd
        2. ASK Chemicals GmbH
        3. Nagase ChemteX Corporation
        4. Other Prominent Players
  15. Global Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036, Worldwide Factors Fostering the Industry Growth
    1. Market Summary
    2. Market Value (USD Million) Current and Future Projections, 2023-2036
    3. Market Volume (Tons) Current and Future Projections, 2023-2036
    4. Market Increment $ Opportunity Assessment, 2023-2036
    5. Year on Year Growth Forecast (%)
    6. Global Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036
      1. By Type
        1. Rayon Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        2. Nylon Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        3. Fiberglass Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        4. Polyester Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        5. Others Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
      2. By Application
        1. Tires Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        2. Power Transmission Belts Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2022-  2033
        3. Hoses Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        4. Conveyor Belts Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        5. Diaphragms Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        6. Others Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
      3. Global Resorcinol Formaldehyde Latex Market, By Region, 2021 -2031
        1. North America, 2023-2036F (USD million & Tons)
        2. Latin America, 2023-2036F (USD million & Tons)
        3. Europe, 2023-2036F (USD million & Tons)
        4. Asia-Pacific Excluding Japan, 2023-2036F (USD million & Tons)
        5. Japan, 2023-2036F (USD million & Tons)
  16. Cross Analysis of Type w.r.to. Application (USD Million & Tons), 2022
  17. North America Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. List of key Players
      1. By Type
        1. Rayon Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        2. Nylon Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        3. Fiberglass Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        4. Polyester Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        5. Others Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
      2. By Application
        1. Tires Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        2. Power Transmission Belts Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2022-  2033
        3. Hoses Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        4. Conveyor Belts Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        5. Diaphragms Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
        6. Others Market Value (USD Million) & Volume (Tons) Current and Future Projections, 2023-2036
      3. Country
        1. U.S., 2023-2036F (USD million & Tons)
        2. Canada, 2023-2036F (USD million & Tons)
  18. Latin America Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. List of key Players
      1. By Type
      2. By Application
      3. By Country
        1. Brazil, 2023-2036F (USD million & Tons)
        2. Argentina, 2023-2036F (USD million & Tons)
        3. Mexico, 2023-2036F (USD million & Tons)
        4. Rest of Latin America, 2023-2036F (USD million & Tons)
  19. Europe Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. List of key Players
      1. By Type
      2. By Application
      3. By Country
        1. U.K., 2023-2036F (USD million & Tons)
        2. Germany, 2023-2036F (USD million & Tons)
        3. Italy, 2023-2036F (USD million & Tons)
        4. France, 2023-2036F (USD million & Tons)
        5. Spain, 2023-2036F (USD million & Tons)
        6. Russia, 2023-2036F (USD million & Tons)
        7. Netherland, 2023-2036F (USD million & Tons)
        8. Rest of Europe, 2023-2036F (USD million & Tons)
  20. Asia Pacific Excluding Japan Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. List of key Players
      1. By Type
      2. By Application
      3. Country
        1. Australia, 2023-2036F (USD million & Tons)
        2. Singapore, 2023-2036F (USD million & Tons)
        3. South Korea 2023-2036F (USD million & Tons)
        4. India, 2023-2036F (USD million & Tons)
        5. China, 2023-2036F (USD million & Tons)
        6. Rest of Asia Pacific, 2023-2036F (USD million & Tons)
  21. Japan Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. List of key Player
      1. By Type
      2. By Application
  22. Middle East & Africa Resorcinol Formaldehyde Latex Market Valuation, Business Viewpoint and Forecast, 2023-2036
    1. Outline of the Segment
    2. Detailed Overview
    3. List of key distributors
      1. By Type
      2. By Application
      3. Country
        1. GCC, 2023-2036F (USD million & Tons)
        2. Israel, 2023-2036F (USD million & Tons)
        3. South Africa, 2023-2036F (USD million & Tons)
        4. Rest of Middle East & Africa, 2023-2036F (USD million & Tons)

 

Resorcinol Formaldehyde Latex Market Outlook:

Resorcinol Formaldehyde Latex Market size was valued at USD 183.02 million in 2025 and is expected to reach USD 263.2 million by 2035, expanding at around 3.7% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of resorcinol formaldehyde latex is evaluated at USD 189.11 million.

Resorcinol-Formaldehyde-Latex-Market
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The growth of the market can be attributed to the growing production of autonomous or electric vehicles. In 2027, the automotive sector in China is projected to produce about 40% of all electric vehicles. It was estimated that approximately 12 million electric vehicles were estimated to be produced worldwide in the year 2022. Further, this increase in production of electric vehicles is driven by growing people’s preference for electric vehicles owing to rising environmental concern such as growing air pollution. Hence, this growing demand for electric vehicles is further estimated to boost the demand for tiers, therefore driving the market growth.

Additionally, there has been growing government initiatives in order to encourage the sale of electric vehicles which is also estimated to boost the market growth. For instance, the government of India intends to create designated electric vehicle mobility zones. In the areas the administration designates, only electric or equivalent cars would be allowed to operate. Many European nations and China have such rules in place. Also, the Production Linked Incentive for Advanced Chemistry Cell Battery Storage (PLI-ACC Scheme) was introduced by the Department of Heavy Industry in June 2021. The organization's objective is to persuade both domestic and foreign investors to make investments in India's Giga scale ACC manufacturing plants. Further, other than tires, rubber is also used for various other applications which includes, diaphragms, hoses, and conveyor belts. Therefore, this is expected to create opportunity for the growth of the market for resorcinol formaldehyde latex.

Key Resorcinol Formaldehyde Latex Market Insights Summary:

  • Regional Insights:

    • The Asia Pacific region is projected to expand at a CAGR of 4.23% through 2035 in the resorcinol formaldehyde latex market, supported by accelerating automotive, mining, and textile activities as well as the region’s strong electric vehicle uptake fueled by climate-driven emission reduction efforts.

  • Segment Insights:

    • The tires segment is anticipated to record a 4.01% CAGR during 2026–2035 in the resorcinol formaldehyde latex market, spurred by escalating autonomous vehicle production.
    • The nylon segment is expected to achieve a 4.23% CAGR by 2035, underpinned by its rising utilization in conveyor and seat belts, airbags, parachutes, tarpaulins, and related applications.

  • Key Growth Trends:

    • Growing Use of Resorcinol Formaldehyde Latex in Medical Sector
    • Surge in Coal Consumption

  • Major Challenges:

    • Availability for Substitutes
    • Elimination of Toxic Monomeric Isocyanates During Dipping Process

  • Key Players: Atul Ltd., Compotex Ltd., Lanxess, SI Group, Inc., Sumitomo Chemical Co., Ltd., ASK Chemicals GmbH, Jiangsu Zhongdan Group Co. Ltd., Nagase ChemteX Corporation, Beaver Manufacturing Company.

Global Resorcinol Formaldehyde Latex Market Forecast and Regional Outlook:

  • Market Size & Growth Projections:

    • 2025 Market Size: USD 183.02 million
    • 2026 Market Size: USD 189.11 million
    • Projected Market Size: USD 263.2 million by 2035
    • Growth Forecasts: 3.7%

  • Key Regional Dynamics:

    • Largest Region: Asia Pacific (CAGR 4.23% over the forecast period)
    • Fastest Growing Region: Asia Pacific
    • Dominating Countries: United States, China, Germany, Japan, South Korea
    • Emerging Countries: India, Brazil, Indonesia, Vietnam, Mexico

    • Last updated on : 24 November, 2025

Growth Drivers

  • Growing Use of Resorcinol Formaldehyde Latex in Medical Sector - Rayon are extensively used in medical industry in order to manufacture surgical wraps and bandages which are further used for dressing wound especially after surgeries. This dressing is applied directly to the wound bed and offer the benefits of less adhesion to the wound as well as the flexibility to mold into deeper wound depressions in order to fill empty space and offer absorption. Hence the growing number of surgeries is estimated to boost the demand for rayon. A startling 310 million major procedures are carried out every year over the world, with between 40 to 50 million taking place in the United States and 20 million in Europe.

  • Surge in Coal Consumption - Global coal output in 2019 were expected to be 7.9 billion tonnes, up 116 million tonnes from 2018. 79% of the world's coal production was produced by the top 5 producing nations, which includes China, India, United States, Indonesia, and Australia. Hence, owing to the surge in coal consumption the demand for conveyor belt is growing, which is further estimated to boost the market growth.

  • Rising Demand for Autonomous Vehicles - It is expected that between 2019 and 2024, there would be an increase in the number of autonomous vehicles with at least Level 1 autonomy (driver assistance). The number of autonomous vehicles worldwide is expected to rise from an estimated 30 million in 2019 to about 53 million in 2024.
  • Growth for Drip Irrigation in Agriculture - Agriculture records indicate that the state in India has the highest drip irrigation coverage in the nation, covering at least 20 lakh hectors of land in 2018. The growth of drip irrigation is therefore estimated to boost the demand for hoses.
  • Upsurge in Tiers Manufacturing - Overall tire shipments from the United States reached about 300 million units in 2021. With almost 220 million units, replacement passenger tires accounted for the majority of tire units supplied in 2021.

Challenges

  • Availability for Substitutes - During the projected period, the presence of alternatives is likely to restrain demand for resorcinol formaldehyde latex. Alternatives, which do not require resorcinol formaldehyde but yet achieve the same degree of performance as traditional methods, are widely employed. One such alternative is Teijin Frontier's THINK ECO adhesive for rubber reinforcing fiber. As a result, the availability of alternatives is anticipated to negatively impact demand for resorcinol formaldehyde latex during the projected period.

  • Elimination of Toxic Monomeric Isocyanates During Dipping Process

  • Government Strict Regulations

Resorcinol Formaldehyde Latex Market Size and Forecast:

Report Attribute Details

Base Year

2025

Forecast Year

2026-2035

CAGR

3.7%

Base Year Market Size (2025)

USD 183.02 million

Forecast Year Market Size (2035)

USD 263.2 million

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Resorcinol Formaldehyde Latex Market Segmentation:

Application Segment Analysis

The global resorcinol formaldehyde latex market is segmented and analyzed for demand and supply by application into tires, power transmission belts, hoses, conveyor belts, diaphragms, and others. Out of which, the tires segment is anticipated to grow at a highest CAGR of 4.01% over the forecast period. This growth of the segment can be attributed to growing demand for autonomous vehicles, which is further estimated to boost the production of tires. Autonomous vehicle sales are predicted to increase between 2019 and 2030. There were about 1 million vehicles sold globally in 2019 that had at least Level 3 autonomy, according to estimates. It is anticipated that approximately 57 million of these vehicles would be sold worldwide in 2030.

Type Segment Analysis

The global resorcinol formaldehyde latex market is also segmented and analyzed for demand and supply by type into rayon, nylon, fiberglass, polyester, and others, amongst which the nylon segment is estimated to grow at a CAGR of 4.23% over the forecast period. This segment growth can be attributed to growing application for the production of conveyer and seat belts, airbags, parachutes, nets and ropes, tarpaulins, thread, and tents using nylon-based resorcinol formaldehyde latex. Further, there has been growth in bulk transportation which in boosting the demand for conveyor, hence driving the growth of the segment.

Our in-depth analysis of the global market includes the following segments:

        By Type
  • Rayon
  • Nylon
  • Fiberglass
  • Polyester
  • Others

           By Application
  • Tires
  • Power Transmission Belts
  • Hoses
  • Conveyors Belts
  • Diaphragms
  • Others
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Resorcinol Formaldehyde Latex Market - Regional Analysis

APAC Market Insights

The Asia Pacific resorcinol formaldehyde latex market is estimated to grow at a CAGR of 4.23% over the forecast period, backed by growing automotive, mining, and textile industry, along with existence of the largest automotive production base in the world and fierce competition amongst various producers in the region, including China, India, Thailand, and others. Additionally, there has been growing demand for electric vehicles in this region. Climatic change is causing havoc in Asia, with climate concerns affecting six of the top 10 Asian countries. Moreover, a major contributor to greenhouse gas emissions is the transportation industry. Hence, the market for electric vehicles is rapidly expanding as a preventative measure against GHG emissions. China had the greatest electric car sales in the Asia Pacific area in 2021, with over 2 million electric vehicles sold. In contrast, approximately 9 thousand electric vehicles were sold in New Zealand in 2021.

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Resorcinol Formaldehyde Latex Market Players:

    • Atul Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Compotex Ltd.,
    • Lanxess,
    • SI Group, Inc.,
    • Sumitomo Chemical Co., Ltd.,
    • ASK Chemicals GmbH,
    • Jiangsu Zhongdan Group Co. Ltd.,
    • Nagase ChemteX Corporation,
    • Beaver Manufacturing Company,
    • Others.

Recent Developments

  • ASK Chemicals GmbH has created a novel idea to offer foundries a solution that significantly lowers formaldehyde emissions by more than 70% and doesn't involve the purchase of washers or RTO (i.e. regenerative thermal oxidation). The recently created low-formaldehyde system (LFS) from ASK Chemicals is a carefully designed bundle of binder, additive, and coating that, as a result of its design, creates only a very low basic-load and consequently a significantly decreased formaldehyde potential.

  • The largest provider of technical fibre reinforcements for hoses and other industrial applications in North America, Beaver Manufacturing Company, recently announced plans to acquire German manufacturer Intercord Thüringen GmbH in order to increase their global reach. According to estimates, this partnership would allow BMC to add RFL treatment technology to its product line and open a third production facility globally.

  • Report ID: 4670
  • Published Date: Nov 24, 2025
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2026, the industry size of resorcinol formaldehyde latex is evaluated at USD 189.11 million.

The global resorcinol formaldehyde latex market size exceeded USD 183.02 million in 2025 and is set to expand at a CAGR of over 3.7%, surpassing USD 263.2 million revenue by 2035.

The Asia Pacific region is projected to expand at a CAGR of 4.23% through 2035 in the resorcinol formaldehyde latex market, supported by accelerating automotive, mining, and textile activities as well as the region’s strong electric vehicle uptake fueled by climate-driven emission reduction efforts.

Key players in the market include Atul Ltd., Compotex Ltd., Lanxess, SI Group, Inc., Sumitomo Chemical Co., Ltd., ASK Chemicals GmbH, Jiangsu Zhongdan Group Co. Ltd., Nagase ChemteX Corporation, Beaver Manufacturing Company.

Resorcinol Formaldehyde Latex Market Report Scope

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