Press release
Phenolic Resins Market Growing at 1.90% CAGR Will Hit 13400 million US$ in 2025
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 global Phenolic Resins market was 11700 million US$ in 2018 and is expected to 13400 million US$ by the end of 2025, growing at a CAGR of 1.9% between 2019 and 2025.
This report studies the Phenolic Resins market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Phenolic Resins in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this 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
Mitsui Chemicals
By the product type, the market is primarily split into
Thermoplastic Phenolic Resin
Thermosetting Phenolic Resin
By the end users/application, this report covers the following segments
Wood Adhesives
Foundry
Molding
Abrasive Material
Insulation
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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