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 report comprehensively analyzes the global phenolic resin market, providing insights into market dynamics, opportunities, trends, and segment analysis. It aims to offer stakeholders in the industry a clear understanding of the market landscape, including past and current industry status, forecasted market size, and emerging trends.
The report employs rigorous research methodology, including primary and secondary research, to gather and analyze data. It incorporates qualitative and quantitative approaches to provide a detailed assessment of the phenolic resin market, ensuring accuracy and reliability in the findings.
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What are Phenolic Resin market Dynamics:
High demand for phenolic from the various end-use industries such as automotive industry and thus substantial growth in the automotive industry is primarily driving the growth of the market. Because of its heat resistance, lightweight, fire retardancy, and impact resistance property, it is commonly used in the single-vehicle. Increasing production of automobiles across the emerging region is a main factor boosting the market growth. Hence, the growing demand for phenolic resins from the automotive industry is enhancing the market growth.
Phenolic Resin market Regional Insights:
Asia Pacific: Expected to witness the highest CAGR during the forecast period, driven by rapid growth in end-use sectors like consumer goods, automotive, construction, and aerospace. The region is also anticipated to witness advancements in bio-based feedstock for phenolic resin production.
Europe and North America: Anticipated recovery in automobile production to boost demand for phenolic resins across various applications. Leading players in these regions are ramping up R&D spending to drive market growth.
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What is 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
Who are 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
Table of content for the Phenolic Resin market includes:
1.Global Phenolic Resin market: Research Methodology
2.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
3.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
4.Company Profile: Key players
Company Overview
● Financial Overview
● Global Presence
● Capacity Portfolio
● Business Strategy
● Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
● Past Pricing and price curve by region (2022 to 2029)
● Market Size, Share, Size and Forecast by different segment | 2022-2029
● 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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