Global Phenolic Resins Market, By Product (Novolac, Resole, Modified), Application (Adhesives, Insulation, Moulding Compounds, Lamination, Paper Impregnation, Coatings, Others), End-Use (Automobiles, Electric and Electronics, Furniture, Construction, Others)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 Phenolic Resins Market
Phenolic resins market will grow at a rate of 5.30% for the forecast period of 2021 to 2028. Rise in the volatility in the production of phenolic resins acts as a vital factor driving the growth of phenolic resins market.
Phenolic resins are also known as phenol–formaldehyde resins which are synthetic polymers and are produced from the reaction of phenol or substituted phenol with formaldehyde at high temperatures. They are hugely applicable in wood adhesives, moulding compounds, and laminates. The resins provide the properties of excellent flame-retardant, showcase high tensile strength, high heat resistance and low toxicity.
Rise in the demand from the construction and transportation industries is the vital factor escalating the market growth, also rise in the application of phenolic resins in nanotechnology and increase in the demand of phenolic resins for decorative as well as industrial laminated are the major factors among others driving the phenolic resins market. Moreover, rise in the research and development activities will further create new opportunities for the phenolic resins market in the forecast period of 2021- 2028.
However, volatility in crude oil prices and rise in the environmental regulations regarding formaldehyde emissions are the major factors among others acting as restraints, and will further challenge the growth of phenolic resins market in the forecast period mentioned above.
This phenolic resins 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 phenolic resins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Phenolic Resins Market Scope and Market Size
Phenolic resins market is segmented on the basis of product, application and end-use. 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 product, the phenolic resins market is segmented into novolac, resole and modified.
- Based on application, the phenolic resins market is segmented into adhesives, insulation, moulding compounds, lamination, paper impregnation, coatings and others.
- The phenolic resins market is also segmented on the basis of end-user into automobiles, electric and electronics, furniture, construction and others.
Phenolic Resins Market Country Level Analysis
phenolic resins market is analysed and market size, volume information is provided by product, application and end-use as referenced above.
The countries covered in the phenolic resins 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 dominates the phenolic resins market due to rise in the application of phenolic resins in nanotechnology and increase in the demand of phenolic resins for decorative as well as industrial laminated in this region.
The country section of the phenolic resins 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 Phenolic Resins Market Share Analysis
phenolic resins 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 phenolic resins market.
The major players covered in the phenolic resins market report are Mitsui Chemicals, Inc., Hexion, BASF SE, SBHPP, Aica Kogyo Co., Ltd., SI Group, Inc., LERG SA., Shengquan Group, UCP Chemicals AG, Tongcheng-Elong, SHANDONG LAIWU RUNDA NEW MATERIAL CO., LTD, ALLNEX NETHERLANDS B.V., Plenco, Metadynea International, Kolon Industries Inc., Georgia-Pacific Chemicals LLC, Prefere Resins Holding GmbH and Chang Chun Group 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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