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Phenolic Caps Market to Record Ascending Growth by 2026

12-06-2018 01:58 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research

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 caps is their chemically inert nature when paired with polycone liners.

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Therefore, when exposed to harmful and corrosive chemicals like acids and bases, phenolic caps perform much better than their counterparts. Phenolic caps are reliable and safe, which results in high preference for phenolic caps in labs, across the world. By chemical composition and design, phenolic caps are known to provide a desirable range of chemical compatibility, and has the highest temperature tolerance among all other plastic closures available in the market. The outlook for growth of the global phenolic caps market is expected to be positive during the forecast period.

Global Phenolic Caps Market: Dynamics

The global phenolic caps market is expected to grow on the backdrop of growing demand for safe packaging and sealing solutions at laboratories. Since phenolic caps have the desired properties, they are widely preferred in laboratories in educational institutions and other research facilities. Furthermore, manufacturers of phenolic caps also provide an additional option to provide a PE cone layer, which provides chemical barrier. The degree of threat to the phenolic caps market from substitutes is rather low, as these some of the best chemically inert closures that the market has to offer.

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Phenolic caps are extensively used in the pharmaceutical sector, which includes medical and biotechnological laboratories, among others. Phenolic caps have an edge over alternatives in the sense that they are capable of maintaining their form and features on exposure to corrosive material. Therefore, it is unlikely that the phenolic caps market will face severe competition from an alternative solutions (not considering any unpredictable future product innovation which has the potential to disrupt the phenolic caps market).

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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