Phenolic Resin Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030 (Recession Impact Analysis)
ID : MRU_
311084 | Date :
Nov, 2021 | Pages :
164 | Region : Global |
Publisher : RI
The Market Research Update provide detailed report study and highlights market share and size, and regional changing trends, production value predication, new prospects for Phenolic Resin market development rate. This study report offers a current scenario of the market. The report also comprises a several market dynamics.
The Phenolic Resin is projected to rise moderately in the projected time frame of 2023-2030.
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 2022 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 2022 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 2030, from xx Million US$ in 2020, at a CAGR of xx% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Phenolic Resin.
Objectives of Research:
The overview of the global Phenolic Resin market
Report comprised of the market companies, to describe and define and analyze the Phenolic Resin market value, share competition landscape, development plans and SWOT analysis.
The report also involves the structure of the industry by identifying its several sub-segments.
To observe the industry with reverence to individual future prospects, development trends, and contribution to the overall market.
Major Players in the Market: The major competitors working in the market are:
, 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
Market by Order Type
Resol Resin
Novolac Resin
Others
Phenolic Resin Data by Application
Automotive
Building & Construction
Furniture
Electrical & Electronics
Others
Phenolic Resin Production Regions Covered in the Report are:
North America
Europe
Asia Pacific
Middle East & Africa
Rest of the World
Our team of enthusiastic analysts, research experts, and experienced forecasters work precisely to produce such kind of market report. The research report defines USD values, CAGR (compound annual growth rate) values and their variations for the precise projected time frame.
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The research information and studies associated with participant analysis keep the competitive landscape noticeably into the focus with which the market can select or advance their own policies to increase in the market growth.
The Key Questions Answered In Market Report Are:
Summary of the Phenolic Resin market comprising definition
Phenolic Resin Market Growth Drivers, Restrains, Challenges and opportunities
Major trends which is impacting the global Phenolic Resin market
Phenolic Resin Market segmentation and complete information about the market
Regional analysis of the market
Which regional market will develop as a champion at intervals in the coming years?
What are the top companies at intervals in the global Phenolic Resin market?
What are the growth strategies of the key players to sustain hold at intervals in the global Phenolic Resin market?
Phenolic Resin Market – By Regions (Market Size –USD Million)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Middle East and Africa
7.5 Rest of the World
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