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BASF, Kolon Industries, Inc, hitachi chemical america, Momentive Specialty Chemicals, Georgia-Pacific LLC, Mitsui Chemicals America, Inc., Sumitomo Bakelite, DIC Corporation & Prefere Resins are the Key Players of Phenolic Resins Market
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Phenolic resins, also known as phenol–formaldehyde resins, are synthetic polymers that are produced from the reaction of phenol or substituted phenol with formaldehyde at high temperatures. These are widely used in wood adhesives, molding compounds, and laminates.
The phenolic resins market can be classified on the basis of product type into novolac resins, resol resins, and others. Among these, resol resins hold a significant share in the market owing to their wide application in wood adhesives. Moreover, the physical and chemical properties of resol resins, such as high heat resistance, flexibility, mechanical strength, moldability, and friction, result in their increased application in aesthetic products.
The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.
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Some of the major players operating in the global phenolic resins market are Chang Chun Plastics Co. Ltd., BASF SE, Kolon Industries Inc., Hitachi Chemical Co. Ltd., Momentive Specialty Chemicals Inc., Georgia Pacific Chemicals LLC, Mitsui Chemicals Inc., Sumitomo Bakelite Co. Ltd., Georgia Pacific Chemicals LLC, Dujodwala Paper Chemicals Ltd., DIC Corporation, and Prefere Resins.
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