openPR Logo
Press release

Phenolic Resins Market to depict appreciable growth prospects over 2020-2025

02-06-2020 11:46 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Phenolic Resins Market

Phenolic Resins Market

North America accounted for a significant share in phenolic resins market in 2018. Steadily growing electrical & electronics industry in the region has been fueling product demand from past few years and shall drive the market in the coming years. European market has witnessed moderate CAGR in past few years. Consumer good industry in the region created significant product demand in 2018. High disposable income and luxurious lifestyle were the major attributes behind it.

Asia pacific is likely to be the largest and fastest growing region in the phenolic resins market over the forecast timespan. This can be attributed to the high growth rate in end-use industries such as automotive, consumer goods, aerospace and construction. Asia Pacific was the largest producer of automotive with more than 60% of global automotive production in the region in 2018.

Request for a sample copy of this report @

Phenolic Resins Market size will be driven by increasing transportation industry across the globe. Phenolic resins are used for rubber processing due to their properties such as high thermal resistance, strength and fire-resistant properties.

Growing transportation business across the globe will drive the rubber processing industry growth which will in turn, accelerate phenolic resins market growth in near future. On account of increasing business activities and regional trade, transportation industry shall reap substantial benefits in the coming years. Moreover, product is highly used in wood adhesives and rapidly growing wood adhesive demand in construction industry will drive the phenolic resins market size over the forecast period.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

Owens Corning
Arclin Inc
Ashland Inc.
DIC Corporation
Olympic Panel Products
Hexcel Corp
Arizona Chemical Company
Kolon Industries Inc.
Georgia Pacific Chemicals
Sumitomo Bakelite Co. Ltd.
Momentive Specialty Chemicals
Hitachi Chemical
SI Group Inc.

Make an inquiry for purchasing this report @

Phenolic resin market application segment includes wood adhesives, molding, insulation, laminates, paper impregnation, coatings and others. The use of phenolic resins in wood adhesives exhibits exceptional water resistance, moisture resistance and weather resistance which makes it desirable in construction business. Molding was another major application segment in phenolic resins market in 2018 and shall grow with a healthy CAGR in near future.

Molding components are utilized in various end-user industries such as automotive commutator, electrical & electronics and household applications. Moreover, molding components find application in manufacturing, kitchen ware and electrical equipment. These increased applications are likely to fuel the molding components demand in coming years, eventually augmenting phenolic resin market size from 2019 to 2025.

Browse Complete Report Summary @

Major product segments in phenolic resins market size include novolac and resol. among which novolac is likely to have a major share owing to its properties such as solvent resistance and hardness. Rapidly growing electrical & electronics industry will fuel novolac demand during the forecast period. Resol resins demand shall grow with a significant CAGR in near future. This can be attributed to the massively growing construction industry in emerging economies such as India, Brazil, South Africa, Saudi Arabia, etc.

Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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 Resins Market to depict appreciable growth prospects over 2020-2025 here

News-ID: 1921621 • Views: 312

More Releases from global market insights

Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers. Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies. Meanwhile, yet other company, Boston Metal has declared having raised over USD 20
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses. Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet

All 5 Releases

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:   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 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
Global Phenolic Foam Board Market 2016 Industry Research Report
The Global Phenolic Foam Board Market 2016 Industry Research Report is a professional and in-depth study on the current state of the Phenolic Foam Board industry. Request Sample Report: Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Phenolic Foam Board market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status. Secondly, development policies