Press release
Phenolic Resin Market is Estimated to Reach USD 6.76 Billion by 2030: Cognitive Market Research
Phenolic Resin Market is Estimated to Reach USD 6.76 Billion by 2030: Cognitive Market Research
What is phenolic resin?
Phenolic resin is known as phenol formaldehyde resin, which is a synthetic polymer obtained by substituted phenol or a reaction of phenol with formaldehyde. This offers flame retardancy, high thermal stability, excellent mechanical properties, chemical & water resistance, flexibility, and low cost. Phenolic resins are used in making insulation panels, laminates, paints & waterproof adhesives, and laminated paper.
Summary:
• As per the study of CMR, The Global Phenolic Resin Market size was valued at USD 4.81 Billion in 2022 and is expected to grow at a CAGR Of 4.47 % during the forecast period, reaching USD 6.76 Billion by 2030.
• Based on type, the novolac segment has the largest revenue share in the phenolic resin market.
• Based on application, the adhesives and binding segment has the major revenue share in the phenolic resin market.
• Based on the end-use industry, the electrical and electronics segment has the largest market share in the phenolic resin market.
• Europe has the largest revenue share in the phenolic resin market.
To know more about The Phenolic Resin Market statistics click here: https://www.cognitivemarketresearch.com/phenolic-resin-market-report
Market Dynamics:
Phenolic Resin Market Drivers:
Increasing demand for phenolic resin in abrasives and coating in the automobile industry is the key factor expected to drive the growth of the phenolic resin market. In addition, increasing the use of phenolic laminate in the power and electronics industries is expected to drive the growth of the global phenolic resin market.
Phenolic Resin Market Opportunities:
The introduction of sustainable feedstock and alternative eco-friendly phenolic resins create growth opportunities for the phenolic resin market. In addition, increasing the use of phenolic resin components in designs of electric vehicles is expected to create lucrative growth opportunities for the global phenolic resin market in the forecast period.
Phenolic Resin Market Restraints:
Strict government regulations on the phenolic resin and environmental impact on the phenolic resins are anticipated to hamper the growth of the phenolic resin market
Market Segmentation:
Type:
• Novolac
• Resol
Based on type, the novolac segment has the largest revenue share in the phenolic resin market. This is due to the extensive range of end-use industries in construction, paints, electronics, and automotive expected to drive the growth of the novolac segment.
Application:
• Foundry
• Friction
• Foam
• Adhesives and Binding
• Substrate Saturation
• Coatings
• Felt Bonding
• Abrasives
• Others
Based on application, the adhesives and binding segment has the major revenue share in the phenolic resin market. This is attributed to adhesives and binders based on phenolic resin's extensive spectrum application including rubber, machine tools, aerospace, furniture, and automotive projected to drive the growth of this segment.
End-use Industry:
• Building and Construction
• Electrical and Electronics
• Lumber
• Automotive
• Others
Based on the end-use industry, the electrical and electronics segment has the largest market share in the phenolic resin market. This is due to the increasing use of phenolic resins for circuit board and photoresist applications likely to boost the growth of the electronics and electrical segment.
Competitive Analysis of Phenolic Resin Market: Ashland, BASF, DIC, Hexion, Hitachi Chemicals, Sumitomo Bakelite, allnex group, Capiton, Chemovate, DynaChem, Fenolit d.d., Georgia Pacific Chemicals, Kolon Industries
Get free sample pages of the latest published Phenolic Resin Market Report: https://www.cognitivemarketresearch.com/phenolic-resin-market-report
Regional Analysis:
Europe accounted for the largest share of the phenolic resin market
Europe has the largest revenue share in the phenolic resin market. This is owing to the increasing automotive and construction market in emerging countries such as Germany and France anticipated to drive the growth of the phenolic resin market in the region.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Phenolic Resin Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Phenolic Resin Market Segmentation
1.5.1 Phenolic Resin Market Regional Fragmentation
1.5.1 Phenolic Resin Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Phenolic Resin Market
• 3.1 Global Phenolic Resin Market Size 2018 - 2030, (USD Million)
• 3.2 Global Phenolic Resin Value, Absolute & Opportunity Analysis
• 3.3 Global Phenolic Resin Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Phenolic Resin Market Statistics 2022: Snapshot
Chapter 4 Global Phenolic Resin Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Phenolic Resin Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Phenolic Resin Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Phenolic Resin Market by End-use Industry Segmentation Analysis (2018-2030)
Chapter 12 Global Phenolic Resin Market Regional Analysis
Chapter 13 North America Phenolic Resin Market Outlook (2018 - 2030)
Chapter 14 Europe Phenolic Resin Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Phenolic Resin Market Outlook (2018 - 2030)
Chapter 16 Latin America Phenolic Resin Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Phenolic Resin Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Phenolic Resin Market TOC click here: https://www.cognitivemarketresearch.com/phenolic-resin-market-report#table_of_contents
Related Report:
• Phenol Derivative Market- https://www.cognitivemarketresearch.com/phenol-derivatives-market-report
• Phenol Market- https://www.cognitivemarketresearch.com/phenol-market-report
• Phenolic Biocides Market- https://www.cognitivemarketresearch.com/phenolic-biocides-market-report
• Phenolic Adhesives Market- https://www.cognitivemarketresearch.com/phenolic-adhesives-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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