Phenolic Resins Market Size is Predicted to Witness 5.5% CAGR till 2030

Phenolic Resins Market has encountered a striking development and it has been projected that the worldwide market will see stable development during the estimated time frame.

The high mechanical qualities, low harmfulness, heat obstruction, low smoke, and other a few properties have made the phenolic tars to make their utilization in the applications, for example, in covers, wood cement, forming compound, development, car, and others.

Additionally, phenolic saps are utilized in fire-resistant which is exceptionally pivotal for vehicles and airplanes.

Attributable to these components, the worldwide phenolic resins market is anticipating a likely interest.

Phenolic saps have great physical and substance properties like high mechanical strength, low harmfulness, great warmth opposition, low smoke arrangement, and high warm dependability.

From formed items like billiard balls to coatings and glues, phenolic saps are utilized for various applications across different businesses, for example, cars, electrical and gadgets, development, and so forth In addition, by blending phenolic tars in with another polymer, they can likewise be utilized in applications like erosion covering, glue, and so on Because of their rising interest from different businesses, the worldwide phenolic resins market is relied upon to enroll high development rate over the conjecture time of 2016-2026.

The global Phenolic Resins market report published by Reports and Data offers a comprehensive overview of the market dynamics and recent events in the industry to help the user/reader to understand the market scenario.

The report provides assessment of emerging and current market trends, drivers, constraints, limitations and opportunities that are may occur during the forecast period.

The report sheds light on the market dynamics along with details about market size, market share, and revenue growth along with production and manufacturing of various products.

The data is collected through extensive primary and secondary research and is evaluated by professionals and experts in the industry.

The statistical data is well-presented in from of diagrams, charts, tables and other pictorial presentations for better user readability.

The global materials & chemicals industry has gained impetus over recent years, owing to factors such as rising demand for essential consumer products including food & beverages, cosmetics, and personal care & hygiene products, and increasing use of chemicals and raw materials in the buildings & construction, agriculture, textiles, automotive, packaging, and several other industries.

13 February 2020 - The global Phenolic Resins Market size was valued at USD 9.30 billion in 2015 and is expected to reach USD 16.0 billion by 2025, with a CAGR of 5.4%.

The global phenolic resins industry is anticipated to witness stable growth owing to rising demand from transportation and construction sector.

Phenolic resins find their applications in numerous segmentson account of their properties such as good heat resistanceand flame retardancy, low smoke and toxicity, high mechanical strength and easy blending with other polymers to attain high performance.

However, the positive side is that there is an increasing adoption of nanotechnology in phenolic resins production that aims to improve their functional and structural characteristics and expand their scope of application.Product InsightsNovolac resins and resol resins are the two majorvarieties of phenolic resins.

Furthermore, considerable demand from applications such asoriented strand boards (OSB) and production of engineered laminated composite lumber (LCL) also contributed to the large demand for resol resins in the past few years.

It is expected to continue the similar trend over the forecast period from 2014 to 2020.Application InsightsPhenolic resins provide services tonumerous end-use industries such as automotive, aerospace and constructionvia applications in laminates, insulation, wood adhesives and moulding compounds.Wood adhesives were the dominant application on account of increased use in plywood and particleboard adhesives owing to phenolic resins which form chemical bonds with the phenol-like lignin wood.

Phenolic resins, also known as phenol–formaldehyde resins are synthetic polymers which are produced from the reaction of phenol or substituted phenol with formaldehyde at high temperatures.

They are hugely applicable in wood adhesives, molding compounds, and laminates.

Global phenolic resins market is expected to rise to an estimated value of USD 16.9 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026.

The high growth of this market is due to rising demand for plastics which provides strength, high thermal resistance and fire-resistant properties.

Some of the leading key players profiled in this study: 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, Chang Chun Group among others.Fill Out Details to Receive Sample Report Copy Here:    https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-phenolic-resins-marketMarket Drivers:Growing volatility in the production of phenolic resins is propelling the market growthGrowing demand from the construction and transportation industries is expected to further boost the market growthRising application of phenolic resins in nanotechnology acts as a market driverIncreasing demand of phenolic resins for decorative as well as industrial laminated is propelling the market growthMarket Restraints:Volatility in crude oil prices is restricting the growth of this marketEnvironmental regulations regarding formaldehyde emissions also hampers the market growthHuge investments are required to modify production processes which can also restrict the growth of this marketKey Developments in the Market:In March 2019, Hexion Inc. introduced a range of new products for automotive, aerospace, wind energy, and construction applications at JEC World 2019 so that they meet the demand for lightweight, fire resistance and high performance compositesIn January 2019, Mitsui Chemicals started production for alpha-methyl styrene which will be a by-product at the time of phenol production.

It will help the company to extend its arms in the global supplyHave Any Query?

Global phenolic resins market size was valued at USD 9.30 billion in 2015 and is expected to grow at an estimated CAGR of 5.4% from 2016 to 2022.

Technological advancements have fostered the development of unique heat shields with ablative phenolics for aerospace applications, leading to greater market share in recent years.Development of lignin and corn-based renewable feedstock have also presented new growth avenues in the industry.

Increasing awareness regarding resource conservation and the implementation of stringent sustainability standards has positively impacted green materials demand, encouraging manufacturers to integrate such raw materials into their products.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-phenolic-resins-2019-2023-676Novolac emerged as the dominant product segment, occupying nearly 50% of the volume share in 2015.

These resins are increasingly being designed for use as hardeners or curing agents in epoxy applications to meet the demand for laminates, adhesives, molding materials, and coatings.

The segment is expected to grow at around 5.2% CAGR from 2016 to 2025.Key companies operating in the industry are BASF SE, Momentive Specialty Chemicals, Sumitomo Bakelite Co. Ltd., Georgia-Pacific Chemicals, and Kolon Industries Inc. Other major participants may be listed as Owens Corning, Arclin Inc., Olympic Panel Products LLC, Ashland Inc., DIC Corporation, and Hexcel CorporationPhenolic Resins Report by Material, Application, and Geography Global Forecast to 2023 is a professional and comprehensive research report on the world?s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).The report firstly introduced the Phenolic Resins basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on.

Then it analyzed the world?s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc.

Phenolic resins, also known as phenol–formaldehyde resins are synthetic polymers which are produced from the reaction of phenol or substituted phenol with formaldehyde at high temperatures.

They are hugely applicable in wood adhesives, molding compounds, and laminates.

The resins provide the properties of excellent flame-retardant, showcase high tensile strength, high heat resistance and low toxicity.phenolic resins market is expected to rise to an estimated value of USD 16.9 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026.

The high growth of this market is due to rising demand for plastics which provides strength, high thermal resistance and fire-resistant properties.

Get Sample PDF (including COVID19 Impact Analysis) of Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-phenolic-resins-marketMarket Drivers and Restraints:Growing volatility in the production of phenolic resins is propelling the market growthGrowing demand from the construction and transportation industries is expected to further boost the market growthRising application of phenolic resins in nanotechnology acts as a market driverIncreasing demand of phenolic resins for decorative as well as industrial laminated is propelling the market growthVolatility in crude oil prices is restricting the growth of this marketEnvironmental regulations regarding formaldehyde emissions also hampers the market growthHuge investments are required to modify production processes which can also restrict the growth of this market The major players covered in the Phenolic Resins MarketFew of the major competitors currently working in the global phenolic resins market 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, Chang Chun Group among others.MAJOR TOC OF THE REPORTChapter One:  Phenolic Resins Market OverviewChapter Two: Manufacturers ProfilesChapter Three:  Global Phenolic Resins Market  Competition, by PlayersChapter Four: Global Phenolic Resins Market Size by RegionsChapter Five: North America Phenolic Resins Market Revenue by CountriesChapter Six: Europe Phenolic Resins Market Revenue by CountriesChapter Seven: Asia-Pacific Phenolic Resins Market Revenue by CountriesChapter Eight: South America Phenolic Resins Market Revenue by CountriesGet Detail TOC@https://www.databridgemarketresearch.com/toc/?dbmr=global-phenolic-resins-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global Phenolic Resins MarketAnalysis of market effect factors and their impact on the forecast and outlook of the global  Phenolic Resins MarketThe detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Emulsion Adhesives MarketA roadmap of growth opportunities available in the global Phenolic Resins Market with the identification of key factorsThe exhaustive analysis of various trends of the global Phenolic Resins Market to help identify market developmentsKey Questions Answered in Report:What is the key to the Phenolic Resins Market ?What will the Phenolic Resins Market Demand and what will be Growth?What are the latest opportunities for Phenolic Resins Market in the future?What are the strengths of the key players?Access Full Report @https://www.databridgemarketresearch.com/reports/global-phenolic-resins-marketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.

We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the marketContact:Data Bridge Market ResearchTel: +1-888-387-2818Email: [email protected] Related Reports@Matting Agents MarketMedicinal Chemistry for Drug Discovery MarketMelamine Formaldehyde Market

Phenol formaldehyde resins (PF) or phenolic resins are synthetic polymers obtained by the reaction of phenol or substituted phenol with formaldehyde.Currently, phenolic resins industry concentration is low, mainly concentrated in Asia and Europe, where production in Europe is relatively stable, while the world’s fastest growing regions is Asia, mainly because of the rapid development of infrastructure in Asia.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-phenolic-resins-2019-2024-21Since the main application of phenolic resins are downstream wood processing industries, due to the low demand for manufacturing process of the product, so many wood-based panel companies have their own plant to produce phenolic resins, few external sales.On the other hand, as many countries and regions to strengthen the requirements for free formaldehyde content in wood-based panels, they developed a stringent industry standard, as a result, small businesses are constantly being eliminated, especially in the Asia Pacific region.According to this study, over the next five years the Phenolic Resins market will register a 1.7% CAGR in terms of revenue, the global market size will reach US$ 12700 million by 2024, from US$ 11700 million in 2019.

In particular, this report presents the global market share (sales and revenue) of key companies in Phenolic Resins business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Phenolic Resins market by product type, application, key manufacturers and key regions and countries.This study considers the Phenolic Resins value and volume generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.Thermoplastic Phenolic ResinThermosetting Phenolic ResinSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.Wood AdhesivesFoundryMoldingAbrasive MaterialInsulationOthersThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeGermanyFranceUKItalyRussiaSpainMiddle East & AfricaEgyptSouth AfricaIsraelTurkeyGCC Countries The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

The key manufacturers covered in this report: Breakdown data in in Chapter 3.HexionSbhppSI GroupJinan Shengquan GroupTong ChengAllnex BelgiumMetadynea InternationalGeorgia-Pacific ChemicalsChang Chun GroupPrefere ResinsKolon IndustriesPlencoShandong Laiwu RundaUCP Chemicals AGLerg SAAica KogyoBASFMitsui ChemicalsIn addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole.

It also analyzes key emerging trends and their impact on present and future development.Research objectivesTo study and analyze the global Phenolic Resins consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Phenolic Resins market by identifying its various subsegments.Focuses on the key global Phenolic Resins manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Phenolic Resins with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the consumption of Phenolic Resins submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.Get the Complete Report & TOC @ https://www.grandresearchstore.com/chemicals-and-materials/global-phenolic-resins-2019-2024-21Table of content1 Scope of the Report1.1 Market Introduction1.2 Research Objectives1.3 Years Considered1.4 Market Research Methodology2 Executive Summary2.1 World Market Overview2.1.1 Global Phenolic Resins Consumption 2014–20242.1.2 Phenolic Resins Consumption CAGR by Region2.2 Phenolic Resins Segment by Type3 Global Phenolic Resins by Players3.1 Global Phenolic Resins Sales Market Share by Players3.1.1 Global Phenolic Resins Sales by Players (2017–2019)3.1.2 Global Phenolic Resins Sales Market Share by Players (2017–2019)Key Que Answered in this report:What will the Global Phenolic Resins Market?What are the key factors driving the Global Phenolic Resins Market?What are the key market trends in the Phenolic Resins Market?improve pasting the growth of this Phenolic Resins Market?What are the market opportunities and threats faced by the Phenolic Resins Market?What are the key outcomes of the five forces analysis of the Phenolic Resins Market?What is our report offers:Strategic suggestions and proposals for the beginners to understandAssessments of the market share from different countries and regions were conductedTop key market players, market share analysis included.The market observations such as constraints, drivers, threats, opportunities, investment opportunities, challenges, and recommendations are added.The competitive landscaping mappings of the ongoing trends are discussed.Based on the market estimations, the strategic recommendations are made in the business segmentsCONTACT US:276 5th Avenue, New York, NY 10001, United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On LinkedIn:- https://www.linkedin.com/company/grand-research-store/

Industry InsightsThe global phenolic resins market size was valued at USD 9.30 billion in 2015 and is expected to reach USD 16.0 billion by 2025, with a CAGR of 5.4%.

The global phenolic resins industry is anticipated to witness stable growth owing to rising demand from transportation and construction sector.

Phenolic resins find their applications in numerous segmentson account of their properties such as good heat resistanceand flame retardancy, low smoke and toxicity, high mechanical strength and easy blending with other polymers to attain high performance.

However, the positive side is that there is an increasing adoption of nanotechnology in phenolic resins production that aims to improve their functional and structural characteristics and expand their scope of application.Request a Free Sample Copy of Phenolic Resins Market Report @ https://www.millioninsights.com/industry-reports/phenolic-resins-market/request-sampleProduct InsightsNovolac resins and resol resins are the two majorvarieties of phenolic resins.

Furthermore, considerable demand from applications such asoriented strand boards (OSB) and production of engineered laminated composite lumber (LCL) also contributed to the large demand for resol resins in the past few years.

It is expected to continue the similar trend over the forecast period from 2014 to 2020.Application InsightsPhenolic resins provide services tonumerous end-use industries such as automotive, aerospace and constructionvia applications in laminates, insulation, wood adhesives and moulding compounds.Wood adhesives were the dominant application on account of increased use in plywood and particleboard adhesives owing to phenolic resins which form chemical bonds with the phenol-like lignin wood.