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Phenolic Resins Market Sale to Top US$ 12.85 billion by 2027 at a CAGR of 5.4%

01-13-2023 03:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Persistence Market Research pvt ltd

/ PR Agency: Persistence Market Research
Phenolic Resins Market

Phenolic Resins Market

๐๐ก๐ž๐ง๐จ๐ฅ๐ข๐œ ๐‘๐ž๐ฌ๐ข๐ง๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐๐ก๐ž๐ง๐จ๐ฅ๐ข๐œ ๐‘๐ž๐ฌ๐ข๐ง๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ž๐š๐œ๐ก ๐”๐’$ ๐Ÿ๐Ÿ.๐Ÿ–๐Ÿ“ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ•, ๐Ÿ๐ซ๐จ๐ฆ ๐”๐’$ ๐Ÿ–.๐Ÿ”๐Ÿ‘ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘, ๐š๐ญ ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ“.๐Ÿ’%.

The growth of the Phenolic Resins Market is mainly driven by the increasing demand for Phenolic Resins from the construction and automotive industries.

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A recent research study performed by Persistence Market Research (PMR) evaluates the historical as well as the present scenario of the "Global Phenolic Resins Market; to precisely gauge the industry's future opportunistic development. The report covers exhaustive information related to the key vital growth determinants, trends and restraints that are shaping the growth dynamics of the phenolic resins market to find out the lucrativeness of the business for market players. The study also sheds light on detailed information related to how the phenolic resins market will pace up and gain momentum during the timeframe 2023-2029.

๐๐ก๐ž๐ง๐จ๐ฅ๐ข๐œ ๐‘๐ž๐ฌ๐ข๐ง๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ - ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐๐ก๐ž๐ง๐จ๐ฅ๐ข๐œ ๐‘๐ž๐ฌ๐ข๐ง๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ

Novolac
Resoles
Modified

๐๐ก๐ž๐ง๐จ๐ฅ๐ข๐œ ๐‘๐ž๐ฌ๐ข๐ง๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Adhesives
Insulation
Molding Compounds
Lamination
Others

๐๐ก๐ž๐ง๐จ๐ฅ๐ข๐œ ๐‘๐ž๐ฌ๐ข๐ง๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐›๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž

Automobile
Electric and Electronics
Furniture
Construction
Others

๐๐ก๐ž๐ง๐จ๐ฅ๐ข๐œ ๐‘๐ž๐ฌ๐ข๐ง๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐›๐ฒ ๐‘๐ž๐ ๐ข๐จ๐ง

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

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The phenolic resins market is primarily driven by its demand from coatings, insulation and lamination products, and adhesives applications. The demand growth is expected to be driven by the growth of end-use applications. Phenolic resins have highly characterized in term of high mechanical strength, low toxicity, good heat resistance, and low smoke formation property.

Manufacturers have been developing products, which meet a diverse & demanding set of requirements. For instance, they have been using phenolic resins for the formulation of adhesives and coatings to adjust surface prevention and surface treatment of the product. Phenolic resins are used in moulding compounds such as billiard balls and laboratory countertops across several end-use industries. Moreover, the growth in applications of phenolic resins in electronic and furniture industries is also expected to help boost the market.

๐Š๐ž๐ฒ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ-ย 

โ€ข ๐ƒ๐ˆ๐‚ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง
โ€ข ๐‡๐ž๐ฑ๐ข๐จ๐ง ๐‹๐‹๐‚
โ€ข ๐‚๐ก๐š๐ง๐  ๐‚๐ก๐ฎ๐ง ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐‚๐จ. ๐‹๐ญ๐.
โ€ข ๐Œ๐ข๐ญ๐ฌ๐ฎ๐ข ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ๐ฌ ๐ˆ๐ง๐œ.
โ€ข ๐†๐ž๐จ๐ซ๐ ๐ข๐š ๐๐š๐œ๐ข๐Ÿ๐ข๐œ ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ๐ฌ ๐‹๐‹๐‚
โ€ข ๐๐ซ๐ž๐Ÿ๐ž๐ซ๐ž ๐‘๐ž๐ฌ๐ข๐ง๐ฌ
โ€ข ๐Š๐จ๐ฅ๐จ๐ง ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ, ๐ˆ๐ง๐œ.
โ€ข ๐’๐ˆ ๐†๐ซ๐จ๐ฎ๐ฉ
โ€ข ๐’๐ฎ๐ฆ๐ข๐ญ๐จ๐ฆ๐จ ๐๐š๐ค๐ž๐ฅ๐ข๐ญ๐ž ๐‚๐จ. ๐‹๐ญ๐
โ€ข ๐๐€๐’๐… ๐’๐„
โ€ข ๐‡๐ข๐ญ๐š๐œ๐ก๐ข ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ ๐‚๐จ. ๐‹๐ญ๐.
โ€ข ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐„๐ง๐ ๐ข๐ง๐ž๐ž๐ซ๐ข๐ง๐  ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ฒ
โ€ข ๐‘๐๐Œ ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐œ.
โ€ข ๐Š๐‚๐‚ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง
โ€ข ๐€๐ฅ๐ญ๐ž๐ฑ ๐‚๐จ๐š๐ญ๐ข๐ง๐ ๐ฌ ๐ˆ๐ง๐œ.
โ€ข ๐๐ข๐ฉ๐ฉ๐จ๐ง ๐๐š๐ข๐ง๐ญ ๐Œ๐š๐ซ๐ข๐ง๐ž ๐‚๐จ๐š๐ญ๐ข๐ง๐ ๐ฌ ๐‚๐จ., ๐‹๐ญ๐.

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๐Š๐ž๐ฒ ๐๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐€๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ -

What is the Current Valuation of the Phenolic Resins Market?

What is the CAGR of the Phenolic Resins Market during the Forecast Period?

What is the Anticipated Size of the Phenolic Resins Market in 2032?

What Region is Most Lucrative for Phenolic Resins market?

Which Segment is the Highest Contributor in the Phenolic Resins market?

Request you to Read More-

https://www.prnewswire.co.uk/news-releases/phenolic-resins-market-grow-with-a-cagr-value-of-4-during-2019-2029-pmr-831304197.html

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