Global Resoform Market Overview:
Resoform is the dry bonding agent used to improve adhesion to various synthetic tyre cords and rubber applications. They are also used in paints, coatings, textile, chemical and building products. There are two types of resoform namely, resoform P-18, resoform P-19 and resoform P-20. It is a resorcinol formaldehyde homopolymer resin that appears as dark brown solid pastilles with a faint, characteristic odour. Some of the players profiled in the study are Atul Ltd (India), Sumitomo Chemical (Japan), Sigma-Aldrich (United States), The Chemical Company (United States), KAVYA PHARMA (India), Sai Carbohydrates (India) and EMCO Dyestuff Pvt. Ltd. (India).
On the basis of geography, the market of Resoform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2020. If we see Market by Form, the sub-segment i.e. Powder will boost the Resoform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Resoform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Rubber and Automotive Industry
- Demand for the Dry Bonding Agent in Tyre Production
- Emerging Number of Industrial Application of Resoform Resin
- regulatory Compliances with the Production of Adverse Impact Associated with Mishandling of Resoform Resin
- Surging Demand for Resoform Resin in Paints and Coating Industry from Developing Nations
- Adverse Impact Associated with Mishandling of Resoform Resin
Safety standards for handling Resoform include, "Wear personal protective equipment (PPE). Ensure adequate ventilation. Prevent breathing of mist or vapours. Prevent contact with skin, eyes, and clothing. Use safety glasses and a face shield, as necessary. Always refer to the SDS for detailed information on safety."
Resoform market is concentrated and does not have various players in the market. The companies in the Resoform market are focusing on ist research and development activities to enhance its geographical expansion.
Target Audience:Resoform Manufacturers, Resoform International Traders, Resoform Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Resoform market on the basis of product [Resoform P-18, Resoform P-19 and Resoform P-20] , application [Automotive, Rubber, Paints & Coatings, Chemical, Textile, Building & Construction and Industrial], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Resoform market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Resoform industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Resoform market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.