The global phenolic resin market size is expected to reach USD 18.1 billion by 2026 growing at a CAGR of 5.4% during the forecast period according to a new study published by Polaris Market Research. The report “Phenolic Resin Market Share, Size, Trends, Industry Analysis Report By Product (Novolac, Resols), By Application (Wood Adhesives, Molding, Insulation, Laminates, Paper Impregnation, Coatings, Refractory Materials, Friction Material, Rubber & Tire, Electronics, and Abrasives); By End-Use (Building & Construction, Automotive, Electrical & Electronics, Furniture); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is projected to witness a significant growth over the forecast period. Phenolic resins exhibit favorable properties such as heat & chemical resistance, moisture resistance, superior mechanical strength among others. In addition, ability to customize these products into different grades has resulted in the further expansion of application portfolio of phenolic resins.
Favorable versatility and diversity of phenolic resins also makes them suitable for innovative product designs with high aesthetic appeal, such as in architecture, aerospace structural components and others. Furthermore, product and application innovation in impregnated materials is likely to present lucrative opportunities for growth in this market over the forecast period.
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Phenolic resins for molding compounds are anticipated to emerge as the fastest growing market segment over the forecast period. Phenolic resins in molding compounds lend high heat stability & lower the curing times required. Expansion of the aerospace and retail transportation sector in countries such as Mexico, India, Indonesia, and Thailand are encouraging the demand for large parts with higher mechanical strength, which in turn is driving phenolic resins consumption.
The R&D efforts in Europe by market participants are also expected to impact phenolic resins production and processing technologies in other regional markets of the globe. Recent innovations have led to the development of unique prepreg resins that completely eliminate the need for refrigerated shipping and storage, enable increased service temperatures and improve safety, while lowering residual stress as compared to conventional phenolic resins raw materials. This may lead to greater substitution of phenolic resins across the globe over the near future.
Market participants are concentrating more on providing customized products to their clients. Companies strive to provide a one stop solution to all the client needs. To achieve this scenario, companies are considerably investing in R&D to develop novel products as product differentiation and ability to modify existing products are critical success factors in this market.
Some of the major players in the market participants include Owens Corning, Arclin Inc., Ashland Inc., DIC Corporation, Hexcel Corp., Momentive Specialty Chemicals, Sumitomo Bakelite Co. Ltd, Olympic Panel Products LLC, BASF SE, SI Group Inc, Hexion, Asahi Kasei, GUN EI Chemical Industry, Kangnam Chemical Co. Ltd., Changchun group, DYNEA, Zhejiang Hangmo, Yushiju Chemical, Hitachi Chemical Co. Ltd., and Red Avenue New Materials.
Polaris Market research has segmented the Phenolic Resins market report on the basis of product, application, end-use, and region
Phenolic Resins Product Outlook (Volume, Kilotons, Revenue, USD Million, 2015 – 2026)
- Novolac
- Resol
- Liquid
- Solid
- Others
Phenolic Resins Application Outlook (Volume, Kilotons, Revenue, USD Million, 2015 – 2026)
- Wood Adhesives
- Molding
- Insulation
- Laminates
- Paper Impregnation
- Coatings
- Refractory Materials
- Friction Material
- Rubber & Tire
- Electronics
- Abrasives
Phenolic Resins End-Use Outlook (Volume, Kilotons, Revenue, USD Million, 2015 – 2026)
- Building & Construction
- Automotive
- Electrical & Electronics
- Furniture
- Others
Phenolic Resins Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2015 – 2026)
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Turkey, Russia)
- Asia Pacific (Japan, China, India, South Korea, South East Asia)
- Latin America (Brazil, Mexico)
- Middle East & Africa (Saudi Arabia)
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The global phenolic resin market size is expected to reach USD 18.1 billion by 2026 growing at a CAGR of 5.4% during the forecast period according to a new study published by Polaris Market Research.
The report “Phenolic Resin Market Share, Size, Trends, Industry Analysis Report By Product (Novolac, Resols), By Application (Wood Adhesives, Molding, Insulation, Laminates, Paper Impregnation, Coatings, Refractory Materials, Friction Material, Rubber & Tire, Electronics, and Abrasives); By End-Use (Building & Construction, Automotive, Electrical & Electronics, Furniture); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Phenolic resins exhibit favorable properties such as heat & chemical resistance, moisture resistance, superior mechanical strength among others.
Phenolic resins for molding compounds are anticipated to emerge as the fastest growing market segment over the forecast period.
Phenolic resins in molding compounds lend high heat stability & lower the curing times required.
Expansion of the aerospace and retail transportation sector in countries such as Mexico, India, Indonesia, and Thailand are encouraging the demand for large parts with higher mechanical strength, which in turn is driving phenolic resins consumption.
The global phenolic resin market size is expected to reach USD 18.1 billion by 2026 growing at a CAGR of 5.4% during the forecast period according to a new study published by Polaris Market Research.
The report “Phenolic Resin Market Share, Size, Trends, Industry Analysis Report By Product (Novolac, Resols), By Application (Wood Adhesives, Molding, Insulation, Laminates, Paper Impregnation, Coatings, Refractory Materials, Friction Material, Rubber & Tire, Electronics, and Abrasives); By End-Use (Building & Construction, Automotive, Electrical & Electronics, Furniture); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Phenolic resins exhibit favorable properties such as heat & chemical resistance, moisture resistance, superior mechanical strength among others.
Phenolic resins for molding compounds are anticipated to emerge as the fastest growing market segment over the forecast period.
Phenolic resins in molding compounds lend high heat stability & lower the curing times required.
Expansion of the aerospace and retail transportation sector in countries such as Mexico, India, Indonesia, and Thailand are encouraging the demand for large parts with higher mechanical strength, which in turn is driving phenolic resins consumption.
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The Global Phenolic Resins Market Report, with its deep industry analysis of the market, estimates the market size bifurcated into segments and regions.
The Phenolic Resins market share and growth, trends estimated at the end of 2027 give a fair idea of the new opportunities coming up in the market.
The detailed key player's profile and market share analysis give a better understanding of the competitors and their business strategies.Base Year: 2020Estimated Year: 2021Forecast Till: 2027The report classifies the market into different segments based on type and product.
These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels.
The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.Get | Download FREE Sample Report of Global Phenolic Resins Market @ https://www.decisiondatabases.com/contact/download-sample-249A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Phenolic Resins market.
The impact is closely studied in terms of production, import, export, and supply.The report covers the complete competitive landscape of the Worldwide Phenolic Resins market with company profiles of key players such as:BASF SELudwigshafen VerbundMomentive Specialty Chemicals Inc.SI GroupSumitomo Bakelite Co. Ltd.Prefere ResinsDujodwala Paper Chemicals Ltd.Kolon Industries Inc.Georgia Pacific Chemicals LLCDIC CorporationHitachi Chemical Co. Ltd.Mitsui Chemicals Inc.Want to add more Company Profiles to the Report?
The Global Wood Adhesives And Binders Market Report, with its deep industry analysis of the market, estimates the market size bifurcated into segments and regions.
The Wood Adhesives And Binders market share and growth, trends estimated at the end of 2027 give a fair idea of the new opportunities coming up in the market.
The detailed key player's profile and market share analysis give a better understanding of the competitors and their business strategies.Base Year: 2020Estimated Year: 2021Forecast Till: 2027The report classifies the market into different segments based on type and product.
These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels.
The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.Get | Download FREE Sample Report of Global Wood Adhesives And Binders Market @ https://www.decisiondatabases.com/contact/download-sample-3625A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Wood Adhesives And Binders market.
The impact is closely studied in terms of production, import, export, and supply.The report covers the complete competitive landscape of the Worldwide Wood Adhesives And Binders market with company profiles of key players such as:Huntsman CorporationThe Dow Chemical CompanyAdhesive Research Inc.Avery Dennison CorporationAshland, Inc.3M CompanyHB FullerHenkel AGBASF SEBostik SAWant to add more Company Profiles to the Report?
