Phenolic Resins Market Share 2023: Trends, Key Players, Industry Analysis and Forecast 2023-2029
A full report of Phenolic Resins Market is available at: https://www.omrglobal.com/industry-reports/phenolic-resins-market
Electrical laminates are produced as per the global and national standards. Apart from EN 60893, German DIN 7735 and the USA NEMA LI-1 standards are of specific importance. A considerable amount of resin is used to produce substrates which make the laminates hydrophobic. Phenolic resin possesses better chemical and corrosive resistance and maintains its strength at high temperatures, and resists creep under load. These resins are extensively used in household appliances owing to their excellent thermal and dimensional stability, and electrical resistance, as well as resistance to solvents and water. The structural composite gratings and pipes manufacturers for applications in offshore oilrigs use phenolic resins, as there is a constant threat of fire in offshore oil rigs.
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Phenolic resins are also useful to design glassy carbon articles including rocket nozzles, heat shields for missiles, crucibles for melting rare earth metals, special analytical electrodes, and very high-temperature bearings and seals. Automotive applications of phenolic resins include brake linings, clutch facings, and brake blocks and pads. Further, the rising demand for lightweight materials in vehicles is supporting the adoption of phenolic resins. Phenolic resins are lightweight, provides superior corrosion and temperature resistance up to 300 - 350°C, and fine machinable. This, in turn, is contributing to the adoption of phenolic resins in the automotive industry.
In aerospace and defense, the adoption of phenolic resin-based composites has increased over the years. Armor and panels for ships and boats, military vehicles, and personal protective equipment including bulletproof jackets and helmets require extreme strength with properties including excellent flame, smoke and toxicity (FST) performance and fire resistance. Composites produced from phenolic resins incorporate such characteristics and meet a range of military standards. Composites based on phenolic resin-based are ideal for both exterior and interior applications and can be processed through compression molding or pre-preg. Excellent properties of phenolic resins have emerged its applications in several industries, which, in turn, is contributing to the growth of the global phenolic resins market.
Global Phenolic Resins Market- Segmentation
By Product Type
By End-Use Industry
Automotive and Transportation
Aerospace and Defense
Building and Construction
Electrical and Electronics
Global Phenolic Resins Market- Segment by Region
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Ashland Global Holdings Inc.
ASK Chemicals GmbH
Changshu South-East Plastic Co., Ltd.
Dujodwala Paper Chemicals Ltd.
Kangnam Chemical Co.‚ Ltd.
Koch Industries, Inc.
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Phenolic Resins Market
Phenolic Resins Market Phenolic Resins Market Abstract: Phenolic Resins Market has experienced a notable growth and it has been projected that the global market will see stable growth during the forecast period. The high mechanical strengths, low toxicity, heat resistance, low smoke and other several properties has made the phenolic resins to make their use in the applications such as in laminations, wood adhesives, molding compound, construction, automobile and others. Growing demand