Phenolic Resin Market To Witness the Highest Growth Globally in Coming Years 2021-2027| Hexion, Hitachi Chemical, Sumitomo Bakelite

Global Phenolic Resin Market Professional Survey Report 2018 to 2027 presents an in-depth assessment of the Phenolic Resin Market including enabling key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Phenolic Resin Market investments from 2018 till 2027.

This study answers several questions for stakeholders, primarily which market segments they should focus upon during the next six years to prioritize their efforts and investments. 

The global Phenolic Resin market size is estimated to grow at a CAGR of 5.8% during the forecast period 2021-2027.

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Below is a short brief about the report:-

Phenolic Resin Top Companies are: Hexion, Hitachi Chemical, Sumitomo Bakelite, BASF, AkzoNobel, Owens Corning, Ashland, Arclin Inc, DIC Corporation, Kolon Industries, Shandong Laiwu Runda New Material, Dujodwala Paper Chemicals Ltd, Changshu South-East Plastic Co., Ltd (Total 25 major players covered)

Market Overview:

Phenolic resins are polymers that have excellent heat and electrical resistance properties. It is majorly used as molding materials, abrasives, adhesives, laminates, friction materials, and insulators materials. Phenolic resins can be classified into resol and novolac. Resol is produced under normal conditions, with excess formaldehyde, whereas novolac is created under acidic conditions by using excess phenol.

Recent Development:

In September 2020, Allnex , a prime distributor of speciality chemicals for plastic, wood and other surfaces announced a development of an eco-friendly Phenolic Resin namely PHENODUR ® PR 616/65B, which is more water resistant and has none of Bisphenol-A or Bisphenol-F. With this product launch allnex puts a step forward in providing more desirable product and holding a firm positin in the market.

Regional Outlook:

APAC is the largest phenolic resin market globally. APAC is the largest phenolic resin market, globally. It is projected to register the highest CAGR between 2016 and 2021 due to strong economic development, followed by substantial investment in industries such as automotive, building & construction, furniture, and electrical & electronics. Asia-Pacific is the most promising market and is expected to be the same in the coming years. The continuous rise in the manufacturing of products for use in the region and exports drives the demand for phenolic resin. With economic contraction and saturation in the European and North American markets, demand is shifting to the Asia-Pacific region. Phenolic resin manufacturers are targeting this region, as it is the strongest regional market. China is the leading producer and consumer of phenolic resin in the region.

This report segments the global Phenolic Resin Market on the basis of Types; 

Resol Resin
Novolac Resin
Others

On the basis of Applications; the global Phenolic Resin Market is segmented into 

Automotive
Construction
Electronics
Others

Key Highlights of the Phenolic Resin Market Report:

The key details related to Phenolic Resin Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.
Competitive study of the major Phenolic Resin Market players will help all the market players in analyzing the latest trends and business strategies.
The study of emerging Phenolic Resin Market segments and the existing market segments will help the readers in planning the business strategies.
Figure Global Production Market Share of Phenolic Resin Market by Types and by Applications in 2021.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and Phenolic Resin market share and growth rate in these regions, from 2018 to 2027 (forecast), covering: 

United States
Europe
China
Japan
South Korea
Other Regions

This independent 129-Page report guarantees you will remain better informed than your competition. With approx 150 tables and figures examining the Phenolic Resin market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2027.

The research report provides answers to the following key questions:

What are the key factors driving the global market?
Who are the key market players and what are their strategies in the global Phenolic Resin market?
What are the key market trends impacting the growth of the global Phenolic Resin market?
What are the market opportunities and threats faced by the vendors in the global market
What are the key outcomes of the five forces analysis of the global market?

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Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth 
It provides a technological growth map over time to understand the industry growth rate
It provides a five to seven-year forecast assessed on the basis of how the market is predicted to grow 
It helps in understanding the key product segments and their future Outlook.

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