Phenolic resins or phenol formaldehyde resins or 2-methoxy-6-methylphenol are synthetic polymers that are obtained by the polymerization of formaldehyde and phenol. These are resistant to acids, water, and organic solvents. These are used especially in the molded and laminated products, adhesives, and coatings. Phenolic resins possess good chemical and physical properties such as low toxicity, high mechanical strength, low smoke formation, good heat resistance, and high thermal stability.
Resol resin is expected to lead the global phenolic resin market during the forecast period, followed by novolac resin. Resol resin is expected to lead the market due to its growing use in the wood adhesives application. The market for resol resin is also expected to witness the highest CAGR from 2018 to 2023. The main features of resol resin are, the superior heat resistance, high flexibility, mechanical strength, and moldability, and excellent friction properties.
Automotive is the largest and the fastest-growing end-use industry due to the growing automobile sales. In addition, the increase in the use of phenolic resins in applications such as, brake linings, clutch facing, and brake pads is also expected to drive the phenolic resin market.
Currently, the Asia-Pacific region is the largest market for phenolic resin. Rapid industrialization and improved living standards are expected to drive the increasing demand for phenolic resin. The Middle Eastern & African region is projected to be the second-fastest growing market from 2018 to 2023. This growth is attributed to the rapidly growing automotive and building & construction industries in the region.
Global Phenolic Resin market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Phenolic Resin.
This report researches the worldwide Phenolic Resin market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global Phenolic Resin breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Ashland
BASF
DIC
Hexion
Hitachi Chemicals
Sumitomo Bakelite
allnex group
Capiton
Chemovate
DynaChem
Fenolit d.d.
Georgia-Pacific Chemicals
Kolon Industries
LERG
MITSUI CHEMICALS AMERICA
Romit Resins
Shandong Laiwu Runda New Material
SHENGQUAN GROUP
SI Group
Sprea Misr
Tembec
UCP Chemicals
Phenolic Resin Breakdown Data by Type
Resol Resin
Novolac Resin
Others
Phenolic Resin Breakdown Data by Application
Automotive
Building & Construction
Furniture
Electrical & Electronics
Others
Phenolic Resin Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions
Phenolic Resin Consumption Breakdown Data by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Phenolic Resin capacity, production, value, consumption, status and forecast;
To focus on the key Phenolic Resin manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Phenolic Resin :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Phenolic Resin . Industry analysis & Market Report on Phenolic Resin is a syndicated market report, published as Global Phenolic Resin Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Phenolic Resin market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.