Phenolic Resin Market - Expectation Surges with Rising Demand and Changing Trends including Key Players: BASF SE, Momentive Specialty Chemicals, Hitachi Chemical Co., Ltd, SI Group, Mitsui Chemicals Inc., DIC Corporation, and Sumitomo Bakelite Co, Ltd.
The global Phenolic Resins market generated USD 12.04 billion in 2017 and is anticipated to grow at a CAGR of 5.4% during the forecast period.
Request FREE Sample Pages @ http://bit.ly/2RsepUP
Phenolic resin is a common name for phenol-formaldehyde resin and is a thermosetting plastic used in wide array of end-use applications. Molding compounds, forest products, and abrasives are among some of the most significant applications for the phenolic resins.
Phenolic resin was the first synthetic polymer to be commercialized and is still a very significant industrial polymer. The demand for phenolic resin is also driven by the growth in the downstream sector of phenol, which is a raw material for phenolic resins. Improved operating rates of existing phenol plants were witnessed across the world in 2017, with significantly delayed capacity additions that were expected in 2017.
Phenolic resins are used on account of their versatile application such as excellent thermal, behavior, high strength level, mechanical & long-term thermal stability, excellent smoke, fire, and low toxicity characteristics, superior thermal & electrical insulating capabilities, and excellent cost performance characteristics.
The global phenolic resin market is primarily driven by its high-growth applications, including wood adhesives and insulation materials. Phenolic resins are used in wood adhesives on account of their excellent characteristics, which are driven by the spending on furniture products by the consumers and the construction industry. The construction industry strongly determines the consumption of wood products and adhesives.
View more detailed TOC @ http://bit.ly/2RqjAEG
Rising demand for modern & feature-rich consumer electronics products along with the rapidly growing urbanization has led to increased utilization of phenolic resins in the electronics industry. Increasing disposable income of consumers has resulted in large construction spending and expenditures on luxurious products such as furniture & modern-day gadgets. Such consumer trends are expected to rapidly drive the phenolic resin market.
Novolac and resol are the two major type of phenolic resins, where other types include bio-phenolic resins, cresol, and few more. Novolac is the dominant product type for the global phenolic resin market. This type of phenolic resin is manufactured both in continuous and batch process and are generally produced as solids, whereas resols are produced as solids and liquids.
Competitive Landscape and Key Vendors
Asia Pacific is estimated to have the highest consumption of phenolic resins. This is on account of rapidly growing construction and electrical & electronics industry in numerous countries of the region. The demand for wood products and adhesives used in those products is strongly determined by the health of construction industry. Thus, the consumption rate of phenolic resin is much higher in the region.
Global phenolic resin industry is moderately competitive with large number of multinationals across the value chain. Some of key phenolic resin market players include BASF SE, Momentive Specialty Chemicals, Hitachi Chemical Co., Ltd, SI Group, Mitsui Chemicals Inc., DIC Corporation, and Sumitomo Bakelite Co, Ltd.
Download FREE PDF Brochure @ http://bit.ly/2RsepUP
• Moulding Compounds
• Wood Adhesives
• Paper Impregnation
• Building & Construction
• Electrical & Electronics
• North America
o Rest of Europe
o Rest of Asia-Pacific
• Latin America
o Rest of Latin America
• Middle East and Africa
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Corporate Sales, USA
Polaris Market Research
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Phenolic Resin Market - Expectation Surges with Rising Demand and Changing Trends including Key Players: BASF SE, Momentive Specialty Chemicals, Hitachi Chemical Co., Ltd, SI Group, Mitsui Chemicals Inc., DIC Corporation, and Sumitomo Bakelite Co, Ltd. here
News-ID: 1347794 • Views: 792
More Releases from Polaris Market Research & Consulting
What's driving the Blockchain Technology Market Trends? Microsoft Corporation, I …
The worldwide market size for blockchain technology is estimated to grow at a CAGR of 41.6% between 2018 and 2026 and is anticipated to reach USD 16.82 billion by 2026. According to a new study published by Polaris Market Research. Also termed as Distributed Ledger Technology (DLT), blockchain enables secure transaction over a distributed network. Since the transactions are taken place usually over the network, it is difficult to reverse
What's driving the Precision Farming Market Trends? Ag Leader Technology, AgJunc …
The global precision farming/agriculture market was valued at 3,833 million in 2017 and is anticipated to reach over USD 13,016 million by 2026 with grow at a CAGR of more than 14.7% during the forecast period According to a new study published by Polaris Market Research. In 2017, the yield monitoring application dominated the global market, in terms of revenue. North America is expected to be the leading contributor to
What are the different trends in Electric Vehicles (EV) Market to boost its grow …
Polaris Market Research has new report published the addition of the “The global Electric Vehicles Market Worth $912 Billion By 2026 | CAGR: 38.4%”, the report classifies the global Electric Vehicles market in a precise manner to offer unearth valuable, accurate and reliable data insights that help organizations to meet their business objectives and enable growth Get PDF Sample of “Electric Vehicles Market”: https://www.polarismarketresearch.com/industry-analysis/electric-vehicles-ev-market/request-for-sample The global electric vehicles market is anticipated to
What are the different trends in Third Party Logistics Market to boost its growt …
Polaris Market Research has new report published the addition of the “The global third-party logistics market is anticipated to reach USD 1,337.91 billion by 2026”, the report classifies the global third-party logistics market in a precise manner to offer unearth valuable, accurate and reliable data insights that help organizations to meet their business objectives and enable growth according to a new report The report “Third Party Logistics (3PL) Market Share, Size,
More Releases for Phenolic
Phenolic Resins Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Phenolic Resins Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-phenolic-resins-market_p108470.html Phenol formaldehyde resins (PF) or phenolic resins are
Phenolic Caps Market to Record Ascending Growth by 2026
Phenolic caps are high performance, durable caps with an extremely high heat tolerance, i.e. phenolic caps start to decompose at temperatures of above 220 degree Celsius. Phenolic caps are very tough when used in their desirable temperature range. Phenolic stands for Phenol Formaldehyde Resin. Phenolic caps are mostly used for harmful acids, bases, and other reactive compounds. The key factor which is expected to contribute to increase in preference for
Phenolic Resins Market
Phenolic Resins Market Phenolic Resins Market Abstract: Phenolic Resins Market has experienced a notable growth and it has been projected that the global market will see stable growth during the forecast period. The high mechanical strengths, low toxicity, heat resistance, low smoke and other several properties has made the phenolic resins to make their use in the applications such as in laminations, wood adhesives, molding compound, construction, automobile and others. Growing demand
Global Phenolic Foam Board Market Trends and Industry Overview
ReportsMonitor.Com Adds Global Phenolic Foam Board Market Professional Survey Report 2017 to Its Database. This report studies Phenolic Foam Board in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. GET SAMPLE REPORT @ https://www.reportsmonitor.com/request-sample/?post=349366 This report focuses on top manufacturers in global market, with production, price, revenue and market share for each
Global Analysis of Phenolic Resins Market Outlook, 2016 - 2022
Global Phenolic Resins Market is accounted for $10.82 billion in 2016 and is expected to reach $16.05 billion by 2022 growing at a CAGR of 6.7% from 2016 to 2022. Rising requirement for phenolic resins in tire industry, flourishing automotive industry in Asia Pacific region and advanced properties of phenolic resins are some of the drivers that are influencing the market growth. Furthermore, rising requirement for light weight fuel efficient
Global Phenolic Foam Board Market Research Report Forecast 2017-2021
The Global Phenolic Foam Board Market Research Report Forecast 2017-2021 is a valuable source of insightful data for business strategists. It provides the Phenolic Foam Board industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Phenolic Foam Board market study provides comprehensive data which enhances the