Press release
Phenolic Resin market to reach USD 22.57 Bn by 2029, emerging at a CAGR of 5.5 percent and forecast 2023-2029
Phenolic Resin market
The research methodology employed in this report involves a rigorous analysis of market trends, dynamics, and regional insights. A detailed examination of the interaction between formaldehyde and phenol, leading to the production of phenolic resins, forms the basis of our findings. The report utilizes both primary and secondary research methods, ensuring accuracy and reliability.
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Phenolic Resin market Dynamics:
The high demand for phenolic resins from various end-use industries, especially the automotive sector, is a key driver of market growth. Phenolic resins' unique properties, including flame retardancy, chemical resistance, and temperature resistance, contribute to their wide application in automotive, construction, and electronics industries. However, fluctuating raw material prices and the impact of the COVID-19 pandemic present challenges to the market.
Phenolic Resin market Regional Insights:
Asia Pacific: Expected to grow at the highest CAGR of over 4.4% during the forecast period, driven by fast-growing end-use sectors such as consumer goods, automotive, construction, and aerospace.
North America and Europe: Anticipating recovery in automobile production, boosting demand for phenolic resins in various applications.
United States: Significant potential in the construction industry, supported by a $200 billion budget allocation for infrastructure goals in 2022.
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Phenolic Resin market Segmentation:
by Product Type
Resol resin
Liquid Resol resin
Solid Resol resin
Novolac resin
Others (Bio-phenolic resin, cresol resin, free-formaldehyde • phenolic resin)
by Application
Wood adhesives
Foundry
Molding
Laminates
Insulation
Paper Impregnation
Coatings
Others
Phenolic Resin market Key Players:
1.Hexion Inc.
2. Hitachi Chemical Co. Ltd.
3. Sumitomo Bakelite Co. Ltd.
4. BASF SE
5. SI Group Inc.
6. DIC Corporation Inc.
7. Kolon Industries Inc.
8. Shandong Laiwu new material Co. Ltd.
9. Changshu South-East Plastic Co., Ltd.
10. Mitsui Chemicals Inc.
11. Georgia Pacific Chemicals LLC
12. Prefere Resins
13. Plastics Engineering Company
14. RPM International Inc.
15. KCC Corporation
16. Altex Coatings Inc.
17. Nippon Paint Marine Coatings Co., Ltd.
18. Others
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Table of content for the Phenolic Resin market includes:
Global Phenolic Resin market : Research Methodology
Global Phenolic Resin market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Phenolic Resin market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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