Global Resorcinol Formaldehyde Latex Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Rayon, Nylon, Aramid Fiberglass, Polyester, and Others

By Product Type;

Low Viscosity Resorcinol Formaldehyde Latex and Medium Viscosity

By Application;

Tires, Power Transmission Belts, Hoses, Conveyor Belts, Diaphragms and Others

By Distribution Channel;

Direct Sales, Distributors, Online Retailers, Wholesale Suppliers, and Specialty Chemical Suppliers

By End-Use Industry;

Construction, Aerospace, Healthcare, Consumer Goods, and Electronics

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn000015035 Published Date: May, 2025 Updated Date: June, 2025

Resorcinol Formaldehyde Latex Market Overview

Resorcinol Formaldehyde Latex Market (USD Million)

Resorcinol Formaldehyde Latex Market was valued at USD 1,915.63 million in the year 2024. The size of this market is expected to increase to USD 2,713.50 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.


Global Resorcinol Formaldehyde Latex Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 5.1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.1 %
Market Size (2024)USD 1,915.63 Million
Market Size (2031)USD 2,713.50 Million
Market ConcentrationMedium
Report Pages360
1,915.63
2024
2,713.50
2031

Major Players

  • Sumitomo Chemical Co., Ltd.
  • Indspec Chemical Corporation (a division of Occidental Petroleum Corporation)
  • Akrochem Corporation
  • Atul Ltd.
  • Dynea AS
  • Hexion Inc.
  • Jubilant Life Sciences Ltd.
  • Tembec Inc. (now Rayonier Advanced Materials)
  • Synthecoat
  • Jiangsu Feiya Chemical Industry Co., Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Resorcinol Formaldehyde Latex Market

Fragmented - Highly competitive market without dominant players


The resorcinol formaldehyde latex market is witnessing a noticeable rise in demand, driven by the increasing use of reinforced rubber products across multiple sectors. The demand for durable bonding agents in tire manufacturing and conveyor belts has surged, pushing adoption rates upward. Over 60% of the product application is concentrated in the automotive sector, underlining its industrial relevance. Growth is further supported by the shift towards high-performance adhesives for extreme working conditions.

Adoption in Industrial and Commercial Applications
Industries such as construction, textiles, and aerospace are showing an increased preference for resorcinol formaldehyde latex due to its superior tensile strength and bonding capabilities. The textile reinforcement sector accounts for approximately 25% of total consumption. The latex’s ability to enhance the adhesion between synthetic fibers and rubber materials is a key factor driving its widespread use in heavy-duty mechanical applications.

Technological Innovations and Product Enhancements
Recent innovations in latex chemistry are improving performance attributes such as heat resistance and abrasion endurance, broadening the scope of end-use industries. More than 18% of companies in the market are investing in formulation upgrades to meet evolving industry standards. These developments are helping manufacturers offer customized solutions that cater to niche applications, such as specialty hoses and vibration-damping components.

Future Outlook and Strategic Focus Areas
The future of the resorcinol formaldehyde latex market appears promising with a growing focus on sustainability and advanced bonding solutions. Market players are expected to prioritize bio-based formulations and develop low-emission adhesives, aligning with global sustainability goals. With strategic R&D investments climbing by more than 22%, the market is likely to witness a wave of innovations tailored to next-generation industrial requirements.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Distribution Channel
    5. Market Snapshot, By End-Use Industry
    6. Market Snapshot, By Region
  4. Resorcinol Formaldehyde Latex Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing automotive industry
        2. Increasing tire production
        3. Enhanced adhesive performance
        4. Rising industrial applications
        5. High demand growth
      2. Restraints
        1. Environmental regulatory concerns
        2. High production costs
        3. Availability of substitutes
        4. Health risk awareness
        5. Raw material volatility
      3. Opportunities
        1. Technological advancements adoption
        2. Emerging market expansion
        3. Sustainable product development
        4. Innovation in applications
        5. Strategic partnerships growth
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Resorcinol Formaldehyde Latex Market, By Product, 2021 - 2031 (USD Million)
      1. Rayon
      2. Nylon
      3. Aramid Fiberglass
      4. Polyester
      5. Others
    2. Resorcinol Formaldehyde Latex Market, By Product Type, 2021 - 2031 (USD Million)
      1. Low Viscosity Resorcinol Formaldehyde Latex
      2. Medium Viscosity
    3. Resorcinol Formaldehyde Latex Market, By Application, 2021 - 2031 (USD Million)
      1. Tires
      2. Power Transmission Belts
      3. Hoses
      4. Conveyor Belts
      5. Diaphragms
      6. Others
    4. Resorcinol Formaldehyde Latex Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Direct Sales
      2. Distributors
      3. Online Retailers
      4. Wholesale Suppliers
      5. Specialty Chemical Suppliers
    5. Resorcinol Formaldehyde Latex Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Construction
      2. Aerospace
      3. Healthcare
      4. Consumer Goods
      5. Electronics
    6. Resorcinol Formaldehyde Latex Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Sumitomo Chemical Co., Ltd.
      2. Indspec Chemical Corporation (a division of Occidental Petroleum Corporation)
      3. Akrochem Corporation
      4. Atul Ltd.
      5. Dynea AS
      6. Hexion Inc.
      7. Jubilant Life Sciences Ltd.
      8. Tembec Inc. (now Rayonier Advanced Materials)
      9. Synthecoat
      10. Jiangsu Feiya Chemical Industry Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market