Phenolic Resin market Analysis of the World's Leading Suppliers, Sales, Trends and Forecasts up to 2029
Phenolic Resin market is expected to reach US$ 22.57 Bn. in 2029, with a CAGR of 5.5% for the period 2023-2029, because of the high demand for phenolic from the various end-use industries.
Phenolic Resin market Report Scope and Research Methodology :
Phenolic resins, the result of the interaction between formaldehyde and phenol, are versatile polymers and oligomers. These resins have found applications in a wide range of industries, including automotive, construction, and electronics, due to their exceptional characteristics, such as flame retardancy, chemical resistance, and temperature resistance. The report delves into the market’s extensive scope and offers valuable insights into its dynamics, research methodology, and regional factors.
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Phenolic Resin market Dynamics:
The market for phenolic resins is primarily driven by the high demand from various end-use industries, particularly the automotive sector. The excellent heat resistance, lightweight properties, fire retardancy, and impact resistance of phenolic resins make them a preferred choice in the automotive industry. Moreover, the increasing production of automobiles in emerging regions further fuels market growth. However, fluctuations in the prices of raw materials, which are petroleum-based compounds, and the lingering effects of the COVID-19 pandemic are expected to pose challenges to market growth.
Phenolic Resin market Regional Insights:
The Asia Pacific region is anticipated to experience the highest CAGR, primarily driven by end-use sectors like consumer goods, automotive, construction, and aerospace. The recovery of automobile production in developed economies like Europe and North America is also expected to boost demand for phenolic resins.
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Phenolic Resin market Segmentation:
by Product Type
Resol resin Liquid Resol resin Solid Resol resin Novolac resin Others (Bio-phenolic resin, cresol resin, free-formaldehyde • phenolic resin)
by Application
Wood adhesives Foundry Molding Laminates Insulation Paper Impregnation Coatings Others
Phenolic Resin market Key Players:
1.Hexion Inc. 2. Hitachi Chemical Co. Ltd. 3. Sumitomo Bakelite Co. Ltd. 4. BASF SE 5. SI Group Inc. 6. DIC Corporation Inc. 7. Kolon Industries Inc. 8. Shandong Laiwu new material Co. Ltd. 9. Changshu South-East Plastic Co., Ltd. 10. Mitsui Chemicals Inc. 11. Georgia Pacific Chemicals LLC 12. Prefere Resins 13. Plastics Engineering Company 14. RPM International Inc. 15. KCC Corporation 16. Altex Coatings Inc. 17. Nippon Paint Marine Coatings Co., Ltd. 18. Others
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Table of content for the Phenolic Resin market includes:
- Global Phenolic Resin market : Research Methodology
- Global Phenolic Resin market : Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Phenolic Resin market : Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size and Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by growth and trend
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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