Press release
Global Phenolic Resins Market Is Expected To Reach 13.3 Billion Usd By The End Of 2024
Phenol formaldehyde resins (PF) or phenolic resins are synthetic polymers obtained by the reaction of phenol or substituted phenol with formaldehyde.
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Global Phenolic Resins Market: Forecast by Type / Application / Region
Phenolic resin, a synthetic plastic, colorless or yellowish brown transparent solid, excellent in heat resistance, flame resistance, water resistance and insulation, good acid resistance, poor alkali resistance, good mechanical and electrical properties, easy to cut, Divided into two types of thermosetting plastics and thermoplastics.
The global Phenolic Resins market is valued at 10.2 Billion USD in 2017 and is expected to reach 13.3 billion USD by the end of 2024, growing at a CAGR of 3.88% between 2017 and 2024.
The major players in global Phenolic Resins market include: Hexion, Sbhpp, SI Group , Jinan Shengquan Group, Tong Cheng, Allnex Belgium, Metadynea International, Georgia-Pacific Chemicals, Chang Chun Group, Prefere Resins, Kolon Industries, Plenco, Shandong Laiwu Runda, UCP Chemicals AG, Lerg SA, Aica Kogyo, BASF and Mitsui Chemicals.
On the basis of product, the Phenolic Resins market is primarily split into: Thermoplastic Phenolic Resin, Thermosetting Phenolic Resin.
On the basis on the end users/applications covers: Wood Adhesives, Foundry, Molding , Abrasive Material, Insulation and Other.
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.
Since 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.
Raw materials for phenolic resins are phenol and formaldehyde, on the global market, supply of raw materials is very full, but the upstream raw material prices have reduced, Raw materials account for a large proportion of production costs, so fluctuations in raw material prices directly affect the sales price of products.
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Related Information:
United States Phenolic Resins Market 2018 Forecast to 2023
Europe Phenolic Resins Market 2018 Forecast to 2023
North America Phenolic Resins Market 2018 Forecast to 2023
Asia-Pacific Phenolic Resins Market 2018 Forecast to 2023
China Phenolic Resins Market 2018 Forecast to 2023
EMEA Phenolic Resins Market 2018 Forecast to 2023
Global Phenolic Resins Market 2018 Forecast to 2023
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