Global Resol Resin Market – Global Briefing, Growth Analysis And Opportunities Outlook 2019 To 2026 | BASF SE, Chang Chun Group, Georgia-Pacific Chemicals LLC, Mitsui Chemicals Inc., Shandong Laiwu Runda New Material Co., Ltd.

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Market Definition: Global Resol Resin Market

Resol resins are made up of a basic (alkaline) catalyst and a molar excess of formaldehyde. They are known as thermosetting polymers which can cure effectively and efficiently without adding any other catalyst such as heat. It is used for the purpose of gluing and bonding building materials. It is used in several applications including laminations, insulation and wood working adhesives among others.

Market Analysis: Global Resol Resin Market

Global resol resin market is expected to registering a steady CAGR of 2.8% in the forecast period of 2019-2026. The high growth of this market is due to the high chemical and mechanical properties as compared to other resins

Market Drivers:

Increasing demand for wood working adhesives applications will definitely uplift the global resol resins market

Growing infrastructural and construction activities in emerging economies can further lead to drive the market growth in the forecast period

Rising disposable income in the emerging economies will also propel the growth of the market

Market Restraints:

It incurs higher cost compared to the conventional coatings which may impact the demand and supply of the resol resins market worldwide

Stringent regulations applied on the phenol formaldehyde might hamper the growth of the market in the forecast period

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Competitive Analysis:

Global resol resin market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of resol resin market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in global resol resin market are BASF SE, Chang Chun Group, Georgia-Pacific Chemicals LLC, Mitsui Chemicals Inc., Shandong Laiwu Runda New Material Co., Ltd., DIC Corporation, Fenolit d.d., RED AVENUE, UCP Chemicals AG, Aica Kogyo Co., Ltd., LERG SA., Saluc, MRI, Sprea Misr and Sumitomo Bakelite Co., Ltd among others.

Key Developments in the Market:

In August 2019, Mitsui Chemicals, Inc. had partnered an agreement with Plug and Play, LLC based on materials sector to strengthen their capabilities for  providing solutions, to  focus on customer driven innovations

In April 2017, The Sherwin-Williams Company has made an agreement with Axalta Coatings in order to render technical service and support for enhancing their focus in advanced technology

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Key Insights in the report:

Complete and distinct analysis of the global resol resins market drivers and restraints

Key market players involved in this industry

Detailed analysis of the market segmentation

Competitive analysis of the key players involved

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