Global Resol Resin Market, By Component (Phenol, Formaldehyde), Application (Molding Compounds, Wood Working Adhesives, Laminations, Insulation), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Resol Resin Market
Resol resin market will grow at a rate of 2.75% for the forecast period of 2021 to 2028. Increase in the demand for wood working adhesives applications acts as a vital factor driving the growth of resol resin market.
Resol resins are generally made up of a basic (alkaline) catalyst and a molar excess of formaldehyde. They are known as thermosetting polymers which can cure effectively and efficiently without adding any other catalyst such as heat. It is used for the purpose of gluing and bonding building materials. It is used in several applications including laminations, insulation and wood working adhesives among others.
Increase in the infrastructural and construction activities in emerging economies is the vital factor escalating the market growth, also rise in the disposable income in the emerging economies, rise in the advanced properties of phenolic resin and increase in the demand for phenolic resin from tire industry are the major factors among others driving the resol resin market. Moreover, rise in the adoption of nanotechnology and rise in the need for fuel-efficient and lightweight vehicles will further create new opportunities for the resol resin market in the forecast period of 2021- 2028.
However, rise in the environmental regulations is the major factor among others acting as a restraint, and will further challenge the growth of resol resin market in the forecast period mentioned above.
This resol resin market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on resol resin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Resol Resin Market Scope and Market Size
Resol resin market is segmented on the basis of component and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on component, the resol resin market is segmented into phenol and formaldehyde.
- The resol resin market is also segmented on the basis of application into molding compounds, wood working adhesives, laminations and insulation.
Resol Resin Market Country Level Analysis
Resol resin market is analysed and market size, volume information is provided by country, component and application as referenced above.
The countries covered in the resol resin market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America and Europe dominates the resol resin market due to rise in the disposable income and increase in the demand for wood working adhesives applications in this region.
The country section of the resol resin market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Resol Resin Market Analysis
Resol resin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to resol resin market.
The major players covered in the resol resin market report are BASF SE, Chang Chun Group, Georgia-Pacific Chemicals LLC, Mitsui Chemicals Inc., Shandong Laiwu Runda New Material Co., Ltd., DIC Corporation, Fenolit d.d., RED AVENUE, UCP Chemicals AG, Aica Kogyo Co., Ltd., LERG SA., Saluc, MRI, Sprea Misr and Sumitomo Bakelite Co., Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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