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.
The global Phenolic Resin market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Phenolic Resin volume and value at global level, regional level and company level. From a global perspective, this report represents overall Phenolic Resin market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Phenolic Resin in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Phenolic Resin manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
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
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Resol Resin
Novolac Resin
Others
Segment by Application
Automotive
Building & Construction
Furniture
Electrical & Electronics
Others
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 Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Phenolic Resin market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.