Phenolic Resin Market to Witness Huge Growth by Key Players: Bakelite Synthetics, Sumitomo Bakelite Company Limited, DIC Corp, Hexcel Corporation, Akrochem Corporation

Global Phenolic Resin Market 2021-2026, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

COVID-19 Impact On Phenolic Resin Market by Type (Resol, Novolac), Application (Wood Adhesives, Laminates, Foundry & Moldings, Paper Impregnation, Coatings, Insulations), End-Use Industry, and Region(North America, Europe, APAC, MEA, South America) - Global Forecast to 2026.

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The phenolic resin market is estimated to be USD 11.7 Billion in 2021 and is projected to reach USD 14.4 Billion by 2026, at a CAGR of 4.3%.

The report provides a comprehensive analysis of company profiles listed below:
• Bakelite Synthetics (U.S)
• Sumitomo Bakelite Company Limited (Japan)
• SI Group Inc. (U.S)
• Jinan Shengquan Group Share Holding Co. Ltd. (China)
• Ashland Global Holdings Inc. (U.S)
• BASF SE (Germany)
• Georgia-Pacific Chemicals' (U.S)
• DIC Corp (Japan)
• Hexcel Corporation (U.S)
• Akrochem Corporation (U.S)

“Resol is the largest type of phenolic resin”
Resol is the preferred type of phenolic resin used in various end-use industries due to their cost effectiveness, enhanced properties and a wide range of applications. Some of the major applications of resol resin are exterior plywood-oriented strand board (OSB), engineered laminated composite lumber (LCL), engineered woods, and adhesives. Rising demand from the automotive and building & construction industries contributes to the growing demand for resol resin across the globe.

“APAC is the fastest-growing market for phenolic resin”
APAC is projected to be the fastest-growing phenolic resin market. The growth of the APAC phenolic resin market can be attributed to the growing investment in building & construction, and automotive industry in the region. Additionally, Phenolic resin manufacturers are targeting this region, as it is the strongest regional market. China is the leading producer and consumer of phenolic resins in the region. Other major markets in the region are emerging economies such as Japan, India, and Thailand.

The break-up of primary interviews has been given below.
• By Company Type: Tier 1 – 30%, Tier 2 – 50%, and Tier 3 – 20%
• By Designation: C Level Executives – 40%, Director Level – 20%, Others – 40%
• By Region: North America – 10%, Europe – 40%, APAC – 30%, South America – 10%, MEA– 10%

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Competitive Landscape of Phenolic Resin Market:
1 Introduction
2 Market Share Analysis
3 Competitive Leadership Mapping, 2021
3.1 Star
3.2 Emerging Leaders
3.3 Pervasive
3.4 Participants
3.5 Small And Medium-Sized Enterprises (Sme) Evaluation Matrix
3.5.1 Progressive Companies
3.5.2 Responsive Companies
3.5.3 Dynamic Companies
3.5.4 Starting Blocks
4 Strength Of Product Portfolio
5 Business Strategy Excellence
6 Key Market Development
6.1 Expansions
6.2 Acquisitions

Research Coverage:
The phenolic resin market has been segmented based on type, application, end-use industry, and region. This report covers the phenolic resin market and forecasts its market size till 2026. It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the phenolic resin market.

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This release was published on openPR.