Phenolic Resins Market Projected To Augment At A CAGR 5.30% During Forecast Time Spam| Top Players: Mitsui Chemicals, Inc., Hexion, BASF SE

The phenolic resins market will grow at a rate of 5.30% for the forecast period of 2021 to 2028. The rise in the volatility in the production of phenolic resins acts as a vital factor driving the growth of the phenolic resins market.

Phenolic resins are also known as phenol-formaldehyde resins which are synthetic polymers and are produced from the reaction of phenol or substituted phenol with formaldehyde at high temperatures. They are hugely applicable in wood adhesives, molding compounds, and laminates. The resins provide the properties of excellent flame-retardant, and showcase high tensile strength, high heat resistance, and low toxicity.

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The rise in the demand from the construction and transportation industries is the vital factor escalating the market growth, also rise in the application of phenolic resins in nanotechnology and the increase in the demand for phenolic resins for decorative as well as industrial laminated are the major factors among others driving the phenolic resins market. Moreover, a rise in research and development activities will further create new opportunities for the phenolic resins market in the forecast period of 2021- 2028.

However, volatility in crude oil prices and rise in the environmental regulations regarding formaldehyde emissions are the major factors among others acting as restraints, and will further challenge the growth of the phenolic resins market in the forecast period mentioned above.

Competitive Landscape and Phenolic Resins Market Share Analysis

phenolic resins market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the phenolic resins market.

The major players covered in the phenolic resins market report are Mitsui Chemicals, Inc., Hexion, BASF SE, SBHPP, Aica Kogyo Co., Ltd., SI Group, Inc., LERG SA., Shengquan Group, UCP Chemicals AG, Tongcheng-Elong, SHANDONG LAIWU RUNDA NEW MATERIAL CO., LTD, ALLNEX NETHERLANDS B.V., Plenco, Metadynea International, Kolon Industries Inc., Georgia-Pacific Chemicals LLC, Prefere Resins Holding GmbH and Chang Chun Group among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analyses for each competitor separately.

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This phenolic resins market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the phenolic resins market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Phenolic Resins Market Scope and Market Size

The phenolic resins market is segmented on the basis of product, application, and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

Based on product, the phenolic resins market is segmented into novolac, resole and modified.
Based on application, the phenolic resins market is segmented into adhesives, insulation, moulding compounds, lamination, paper impregnation, coatings and others.
The phenolic resins market is also segmented on the basis of end-user into automobiles, electric and electronics, furniture, construction and others.

Phenolic Resins Market Country-Level Analysis

phenolic resins market is analysed and market size, and volume information is provided by the product, application, and end-use as referenced above.

The countries covered in the phenolic resins market report are the U.S., Canada, and Mexico in North America, Germany, France, the U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the phenolic resins market due to a rise in the application of phenolic resins in nanotechnology and increases in the demand for phenolic resins for decorative as well as industrial laminating in this region.

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Key Topics Covered:

1. Introduction

2. Executive Summary

3. Research Methodology

4. Global Phenolic Resins Market Insights

5. Global Phenolic Resins Market, by Product

6. Global Phenolic Resins Market, by End-Use

7. Global Phenolic Resins Market, by Geography

8. Competitive Landscape

9. Company Profiles

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Phenolic Resins Key Benefits over Global Competitors:

The report provides a qualitative and quantitative analysis of the Phenolic Resins Market trends, forecasts, and market size to determine new opportunities.

Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.

Top impacting factors & major investment pockets are highlighted in the research.

The major countries in each region are analyzed and their revenue contribution is mentioned.

The market player positioning segment provides an understanding of the current position of the market players active in the Phenolic Resins Market.

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