Press release
Phenolic Resins Market Size, Share, Development by 2024
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Phenol formaldehyde resins (PF) or phenolic resins are synthetic polymers obtained by the reaction of phenol or substituted phenol with formaldehyde.
Scope of the Report:
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.
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.
The worldwide market for Phenolic Resins is expected to grow at a CAGR of roughly 1.7% over the next five years, will reach 12700 million US$ in 2024, from 11700 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Phenolic Resins in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
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
Mitsui Chemicals
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Thermoplastic Phenolic Resin
Thermosetting Phenolic Resin
Market Segment by Applications, can be divided into
Wood Adhesives
Foundry
Molding
Abrasive Material
Insulation
Others
For More Information On This Report, Please Visit @
https://www.globalinforesearch.com/global-phenolic-resins-market_p108470.html
Related Information:
North America Phenolic Resins Market Growth 2019-2024
United States Phenolic Resins Market Growth 2019-2024
Asia-Pacific Phenolic Resins Market Growth 2019-2024
Europe Phenolic Resins Market Growth 2019-2024
EMEA Phenolic Resins Market Growth 2019-2024
Global Phenolic Resins Market Growth 2019-2024
China Phenolic Resins Market Growth 2019-2024
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