Press release
Diisononyl Phthalate (DINP) Market is Pegged for Robust Expansion of US$ 4.61 Billion by 2033, Projects Fact.MR
In the upcoming years, it is anticipated that increasing usage of diisononyl phthalate in a variety of non-PVC applications, including coatings, coating solvents, coating binders, paints, pigments, etc. Increasing demand for rubber that is resistant to fuel and water is also projected to enhance diisononyl phthalate consumption over the course of the forecast period.
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Major Stakeholders
• BASF SE
• Exxon Mobil Corporation
• Polynt SpA
• Mitsubishi Chemical Corporation
• UPC Technology Corporation
• Nan Ya Plastics Corporation
• Eastman Chemical Company
• LG Chem
• KLJ Group
• Aekyung Petrochemical Co., Ltd.
• Guandong Chunda Chemical Industry
Key Statistics Supporting the Surge
• Global phenolic resins market is projected to grow at a CAGR of 5.4% during the forecast period to reach USD 24,782.1 million by the end of 2032
• By product type, resol resin is projected to provide an absolute $ opportunity worth USD 5,725.7 million over the forecast period
• Insulation on the other hand is anticipated to account for 26.8% of market share by 2032, grow with a CAGR of around 6.4% over the forecast period
• North America is projected to capture around 32.8% of the global phenolic resins market share by 2032 and be valued at USD 8,135.6 million by 2032
• Europe to provide absolute dollar opportunity worth USD 2,864.5 million by 2032 end growing at a CAGR of 5.2% during 2022-32
Market Trends
• Market players such as 3M and Arizona Chemicals are continuously performing research & development to increase the strength of phenolic resins to be used in fire retardants, sealant coatings, etc.
• DIC Corporation's phenolic resins PHENOLITE is gaining huge attention across industries due to its improved properties such as flame resistance, cost-effective, high tensile strength, and chemical resistance.
Industry Survey
• by Type :
o Resol Resins
o Novolac Resins
o Other Product Types
• by Application :
o Insulation
o Paper Impegration
o Wood Adhesives
o Laminates
o Molding
o Other Applications
• by End Use :
o Electrical & Electronics
o Building & Construction
o Furniture
o Automotive
o Other End Uses
• by Region :
o North America
o Latin America
o Europe
o Asia Pacific
o Middle East & Africa
The report will improve the revenue impact of businesses in various industries by:
• Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the market
• Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global market and offers solutions
• Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
• Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
• Helping leading companies make strategy recalibrations ahead of their competitors and peers
• Offers insights into promising synergies for top players aiming to retain their leadership position in the market.
How can Fact.MR Make Difference?
• In-depth understanding of key industry trends shaping the present growth dynamics
• Offers value chain analysis and price trend analysis of various offering of competitors
• Offers data-drive decision to help companies decide strategies that need recalibration
• Offers insights into areas in research and development that should attract
• Identifies data outliers before your competitors
Get Customization on Phenolic Resins Market Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7338?AS
Contact:
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Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Email : sales@factmr.com
About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That's why focus on offering insights that can actually make a difference to bottom-lines.
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