openPR Logo
Press release

Phenolic Resins Market Size to Worth USD 24.78 Billion at a CAGR of 5.4% by 2032

04-03-2024 04:43 AM CET | Chemicals & Materials

Press release from: Fact.MR

Phenolic Resins Market

Phenolic Resins Market

Global sales of phenolic resins reached an impressive milestone of $14.69 billion. According to the comprehensive analysis, the global phenolic resin market (フェノール樹脂市場) is expected to grow strongly at a CAGR of 5.4%. This growth trajectory is projected to reach a market value of $24.78 billion by 2032.

Although phenolic resins currently represent approximately 2% of the global synthetic polymer market, their potential impact is growing significantly. These resins are expected to play a more important role, accounting for nearly 5% of total synthetic resin demand in the near future. This change highlights the increasing importance and demand of phenolic resins in various industrial sectors.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7338

In an era characterized by increased environmental awareness and a growing emphasis on sustainable development, the phenolic resin market is emerging as an important player in the global chemical and materials industry. Due to their excellent heat resistance, chemical resistance and flame retardant properties, phenolic resins have found applications in many fields, from the automotive and construction industries to the electronics and aerospace industries.

𝐓𝐡𝐞 𝐏𝐡𝐞𝐧𝐨𝐥𝐢𝐜 𝐑𝐞𝐬𝐢𝐧𝐬 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞

Phenolic resins, derived from phenol and formaldehyde, have been a staple in many industries for decades. They are distinguished by their exceptional performance in demanding conditions. These resins are known for their resistance to high temperatures and harsh chemicals, making them ideal for applications that require durability and reliability.

Automotive industry: The automotive industry was a major consumer of phenolic resins mainly in the production of brake linings, clutch surfaces and composite materials. As the automotive industry moves toward electric vehicles (EV) and lightweight materials to improve fuel efficiency, phenolic resins are increasingly being used in battery components and composite structures. This change will help automakers meet strict emissions regulations while guaranteeing safety and reliability.
Construction and insulation: In the construction industry, phenolic resin is used as an insulation material. Their excellent fire resistance and heat capacity have made them the first choice in construction applications. When sustainability becomes a key issue in construction, phenolic resins play an important role in reducing the energy consumption of buildings.
Electronics and Aerospace: The electronics industry relies on phenolic resins for the excellent electrical insulating properties of printed circuit boards (PCBs). Similarly, in the aerospace industry, phenolic compounds are used in components such as aircraft interiors and engine parts. These materials contribute to weight reduction, fuel efficiency and overall performance.
Sustainable development and bio-based resins: One of the most important trends in the phenolic resin market is the development of bio-based and sustainable alternatives. Manufacturers are exploring ways to reduce the environmental footprint of phenolic resins by replacing traditional raw materials with bio-based sources such as lignin and soy. This change is in line with the global push for more environmentally friendly materials and reduces dependence on fossil fuels.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Major vendors in the Phenolic Resin market include industry giants such as 3M Company, DIC Corporation, Owens Corning, Arclin Inc., Olympic Panel Products LLC., Hardwoods Inc., Arizona Chemical, Kolon Industries, Georgia-Pacific Chemicals, Ashland, Hexcel Corporation. and American Micro Industries Inc.

In a dynamic market environment, some major players such as 3M and Arizona Chemicals are continuously engaged in research and development aimed at improving the properties of phenolic resins. These advances aim to expand the applications of phenolic resins, especially in flame retardants, sealants and similar fields. PHENOLITE stands out for its advanced properties, which include excellent flame resistance, cost-effectiveness, high tensile strength and remarkable chemical resistance. This product innovation has placed DIC Corporation at the forefront of the phenolic resin market, earning recognition and trust from many industries.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐛𝐲 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲

By Type :
Resol Resins
Novolac Resins
Other Product Types

By Application :
Insulation
Paper Impegration
Wood Adhesives
Laminates
Molding
Other Applications

By End Use :
Electrical & Electronics
Building & Construction
Furniture
Automotive
Other End Uses

By Region :
North America
Latin America
Europe
Asia Pacific
Middle East & Africa

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞:
https://www.factmr.com/report/phenolic-resin-market

The phenolic resin market is at the forefront of sustainable innovation and meets the changing needs of various industries. As the world adopts greener practices and strives to reduce its carbon footprint, phenolic resins, especially bio-based and water-based formulations, will play an even more important role.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

𝐀𝐛𝐨𝐮𝐭 𝐅𝐚𝐜𝐭.𝐌𝐑

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Phenolic Resins Market Size to Worth USD 24.78 Billion at a CAGR of 5.4% by 2032 here

News-ID: 3449971 • Views:

More Releases from Fact.MR

Insights into the Medical Gloves Market to Exceed US$ 27 Billion by 2034
04-19-2024 | Health & Medicine
Fact.MR
Insights into the Medical Gloves Market to Exceed US$ 27 Billion by 2034
The global medical gloves market (医療用手袋市場) is projected to reach a valuation of over US$ 27,141.5 million by 2034, growing from an estimated worth of US$ 11,299 million in 2024, with a forecasted compound annual growth rate (CAGR) of 9.2% until 2034. The increasing emphasis on hygiene and infection control, particularly in healthcare environments, is driving demand for medical gloves. This demand is further fueled by stringent regulations governing healthcare standards.
Aerial Inspection Services Market is accelerate at a CAGR of 17.5% to top US$ 9.5 billion by 2033.
Aerial Inspection Services Market is accelerate at a CAGR of 17.5% to top US$ 9. …
The global Aerial Inspection Services is expected to reach a value of US$ 1.9 billion and is projected to grow at a compound annual growth rate (CAGR) of 17.5% over the next decade, reaching US$ 9.5 billion by 2033.Drone inspection services dominate this market, accounting for approximately 90.0% of the total aerial inspection services sector. Moreover, this segment represents a significant portion, around 25.0%, of the broader drone services market,
Bioink Market Expected to Reach US$ 1.03 Billion by 2034 with 18.8% CAGR
04-19-2024 | Health & Medicine
Fact.MR
Bioink Market Expected to Reach US$ 1.03 Billion by 2034 with 18.8% CAGR
In 2024, the global bioink market (バイオインク市場) is estimated at US$ 185.6 million. Forecasts project a remarkable Compound Annual Growth Rate (CAGR) of 18.8%, catapulting the demand for bioinks to reach a substantial market value of US$ 1.03 billion by 2034. Recent years have witnessed a consistent rise in the necessity for organ replacements and tissue regeneration. Innovations in these fields are anticipated to facilitate the transformation of damaged tissues into
Bonded Magnet Market is forecast to reach a valuation of US$ 10.9 Billion by 2032
Bonded Magnet Market is forecast to reach a valuation of US$ 10.9 Billion by 203 …
The Bonded Magnet Market is currently valued at around US$ 5.1 billion, and it is expected to experience substantial growth in the coming years. Projections suggest that the market will reach a valuation of US$ 10.9 billion by 2032, growing at an impressive compound annual growth rate (CAGR) of 7.8% from 2022 to 2032. Bonded magnets play a significant role in the global magnet market, accounting for approximately 14% of its

All 5 Releases


More Releases for Resin

Polyethylene Naphthalate Resin (PEN Resin) Market 2022 | Detailed Report
The research reports on "Polyethylene Naphthalate Resin (PEN Resin) Market" report gives detailed overview of factors that affect global business scope. Polyethylene Naphthalate Resin (PEN Resin) Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research and industry experts team. Download
Carbon Fiber Prepreg Market Research Report: Resin (Epoxy Resin, Phenolic Resin, …
Synopsis of Carbon Fiber Prepreg Market Prepreg are a type of composite fibers which consists of a thermoset polymer material. Carbon fiber prepreg is a fiber material that is pre-impregnated with catalyzed resins. The manufacturing of these carbon fibers requires vacuum bagging supplies, composite vacuum pumps, and high thermal stable molds. These fibers require a very low temperature of around -20 º C to prevent it from getting cured before the
Polybutylene Naphthalate Resin (PBN Resin) Market | Top Key Players like - Teiji …
MarketStudyReport.com presents the Polybutylene Naphthalate Resin (PBN Resin) Market provides a detailed overview of major drivers, restraints, challenges, opportunities, current industry trends and strategies impacting the global market along with estimates and forecast of revenue. This report presents a comprehensive overview, market shares, and growth opportunities of Polybutylene Naphthalate Resin (PBN Resin) market by product type, application, key manufacturers and key regions and countries. According to this study, over the next five
Carbon Fiber Resin Market by Application, Resin Type, Form by 2023
The global PU microsphere market is witnessing growth, due to the increasing demand of PU microspheres for plastics coatings in automotive underbody and its application in architectural and wood coatings. Moreover, the advanced technologies for drug delivery, increasing demand for repositionable adhesives, high demand of PU microsphere for encapsulation application in crop protection are fueling the growth of the global PU microsphere market. Request sample copy of report here : https://www.psmarketresearch.com/market-analysis/polyurethane-microsphere-market/report-sample PU microspheres have several advantages, such
Chelating Resin Market 2017 - BENGBU DONGLI, DowCompany, INDION RESINS, Huashen …
Apex Research, recently published a detailed market research study focused on the "Chelating Resin Market" across the global, regional and country level. The report provides 360° analysis of "Chelating Resin Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Chelating Resin industry, and estimates the future trend of Chelating Resin market on the basis of this
Chelating Resin Market 2017 - Dow, LANXESS, Taicang Taihai, Suqing, Huashen resi …
Apex Research, recently published a detailed market research study focused on the "Chelating Resin Market" across the global, regional and country level. The report provides 360° analysis of "Chelating Resin Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Chelating Resin industry, and estimates the future trend of Chelating Resin market