Press release
Phenolic Resins Global Market Report 2024 by The Business Research Company | Dainippon Ink and Chemicals Corporation, Hexion LLC, Chang Chun Plastics Co. Ltd., Mitsui Chemicals Inc., Hitachi Chemical Co. Ltd., Prefere Resins Holding GmbH, Kolon Industries
Phenolic Resins Market Trends And Strategies
The phenolic resins market size is expected to see strong growth in the next few years. It will grow to $18.65 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to sustainable and eco-friendly resin formulations, growth in aerospace and aviation applications, increased use in renewable energy solutions, research and development in bio-based resins, adoption in consumer goods and appliances, customized phenolic resins for specific industries.. Major trends in the forecast period include bio-phenolic resins from lignin and biomass, advanced composite materials with phenolic resins, fire-resistant coatings and materials, 3d printing with phenolic resins, recycling and upcycling of phenolic resins..
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=7838&type=smp
Phenolic Resins Market Major Segments
The phenolic resins market covered in this report is segmented -
1) By Type: Resol, Novolac, Others Types
2) By Application: Wood Adhesives, Molding, Insulation, Laminates, Paper Impregnation, Friction Materials, Refractory Materials, Other Applications
3) By End-User: Building and Construction, Furniture, Automotive, Electrical and Electronics, Other End Users
Key Driver - Phenolic Resins Powering Eco-Friendly Lightweight Automotive Solutions
The growing need for lightweight, eco-friendly synthetic structures in the automotive industry is driving the phenolic resin market going forward. The automotive industry is concerned with designing, manufacturing, distributing, and sales of automobiles. Automotive manufacturers are constantly using lightweight materials to improve fuel efficiency. Phenolic resins are used in the manufacturing of lightweight tires, brake pedals, and other under-the-hood automotive parts. For instance, according to the US Office of Energy Efficiency and Renewable Energy, a government organization working to build a clean energy economy for America, a 10% reduction in the weight of an automobile can increase fuel efficiency by 6%-8%, and the use of lightweight materials in one-quarter of the U.S. fleet could save about 5 billion gallons of fuel annually by 2030. Therefore, the growth of lightweight materials in the automotive industry is propelling the phenolic resin market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=7838&type=smp
Prominent Trend - Innovative Products To Provide Reliable Services
Major companies operating in the phenolic resins market are innovating products, such as the REZIANCE brand portfolio, to provide reliable services to customers. The REZIANCE brand portfolio is a phenolic resins and specialty solutions for casting and industrial applications. For instance, in March 2022, ASK Chemicals Group, a Germany-based provider of industrial resins and materials, launched the REZIANCE brand portfolio. The REZIANCE brand portfolio includes high-performance phenolic resins and specialty solutions. It is designed to provide various industries such as friction, abrasives, refractories, impregnation, wood, paints, and coatings.
Phenolic Resins Market Players
Major companies operating in the phenolic resins market include Dainippon Ink and Chemicals Corporation, Hexion LLC, Chang Chun Plastics Co. Ltd., Mitsui Chemicals Inc., Hitachi Chemical Co. Ltd., Prefere Resins Holding GmbH, Kolon Industries Inc., SI Group Inc., Sumitomo Bakelite Co. Ltd., BASF SE, Arizona Chemical Company LLC, Kangnam Chemical Co. Ltd., Seiko PMC Corporation., Bakelite Synthetics, Jinan Shengquan Group Share Holding Co. Ltd., Ashland Global Holdings Inc., Georgia-Pacific Chemicals LLC, Hexcel Corporation, Akrochem Corporation, Arclin Inc., Swanson, Kraton Corporation, American Micro Industries Inc., Momentive Specialty Chemicals Inc., Plenco Closures Pvt. Ltd., Red Avenue Chemical Co. Ltd., Shandong Laiwu Runda New Material Co. Ltd., Owens Corning, Hardwoods Inc., 3M Company, Capital Resin Corporation, Kessler Chemicals, KPL International Ltd., PTTGC America LLC, Phenolic Associates Inc.
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/phenolic-resins-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the phenolic resins market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phenolic resins market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Phenolic Resins Market Report Structure
3. Phenolic Resins Market Trends And Strategies
4. Phenolic Resins Market - Macro Economic Scenario
5. Phenolic Resins Market Size And Growth
…..
27. Phenolic Resins Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Global Market Report 2024 by The Business Research Company | Dainippon Ink and Chemicals Corporation, Hexion LLC, Chang Chun Plastics Co. Ltd., Mitsui Chemicals Inc., Hitachi Chemical Co. Ltd., Prefere Resins Holding GmbH, Kolon Industries here
News-ID: 3551421 • Views: …
More Releases from the business research company
Trends in Growth, Segment Analysis, and Competitive Strategies Influencing the M …
The meal replacement market is gaining significant momentum as consumer preferences shift toward convenient and health-focused nutrition solutions. With rising awareness about preventive healthcare and personalized diets, this sector is set for considerable expansion. Let's explore how the market size is expected to evolve, who the key players are, emerging trends, and the main segments driving this growth.
Projected Growth Trajectory of the Meal Replacement Market Size
The meal replacement…
Leading Companies Reinforcing Their Presence in the Malted Barley Market
The malted barley industry is positioned for steady expansion as demand grows across various sectors. With increasing interest from craft brewers and functional food producers, this market is set to experience meaningful growth driven by innovation and sustainability efforts. Let's dive into the current market size, key players shaping the industry, trends influencing its trajectory, and detailed segment insights.
Projected Market Size and Growth Outlook of the Malted Barley Market …
Future Perspective: Key Trends Shaping the Low-calorie Food Market up to 2030
The low-calorie food market is poised for significant expansion as consumer preferences shift toward healthier eating habits and more personalized nutrition options. Advances in product innovation and supportive regulatory frameworks are expected to drive rapid growth over the coming years. Here's an overview of the market size, key players, emerging trends, and segmentation shaping this evolving industry.
Projected Expansion of the Low-calorie Food Market Size Through 2030
The low-calorie food…
Competitive Landscape: Leading Companies and New Entrants in the Liquid Nutritio …
The liquid nutritional supplement sector is on the rise, driven by evolving consumer preferences and innovations in health and wellness. With growing awareness about personalized nutrition and preventive healthcare, this market is set to witness substantial growth over the coming years. Let's explore the market's projected size, major players, emerging trends, and key segments shaping this dynamic industry.
Projected Market Value and Growth Trajectory of the Liquid Nutritional Supplement Market …
More Releases for Phenolic
Market Overview - Ablation Resistant Phenolic Resin
QY Research has recently published a comprehensive market study on Ablation Resistant Phenolic Resin, a class of thermosetting resins engineered to provide reliable thermal protection through controlled char formation and surface recession under extreme heat flux. Ablation resistant phenolic resins are foundational materials for rocket motor insulation, re-entry heat shields, nozzle liners, and high-temperature structural composites used in aerospace, defense, and space exploration.
The market is transitioning from legacy phenolic systems…
Market Overview - Ablation Resistant Phenolic Resin
QY Research has recently published a comprehensive market study on Ablation Resistant Phenolic Resin, a class of thermosetting resins engineered to provide reliable thermal protection through controlled char formation and surface recession under extreme heat flux. Ablation resistant phenolic resins are foundational materials for rocket motor insulation, re-entry heat shields, nozzle liners, and high-temperature structural composites used in aerospace, defense, and space exploration.
The market is transitioning from legacy phenolic systems…
Phenolic Resins Powering Eco-Friendly Lightweight Automotive Solutions: Key Fact …
The Phenolic Resins Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Phenolic Resins Market Size During the Forecast Period?
There has been a robust increase in the size of the phenolic resins market in recent times. The market, valued at $14.17 billion…
How Big is the Phenolic Resin Market
According to Fact.MR's newly released report on phenolic resins, the global market is expected to be worth USD 14,685.1 million in 2022, rising at a CAGR of around 5.4% between 2022 and 2032. Furthermore, Fact.MR expects the phenolic resins market to be worth more than USD 24,782.1 million by the end of 2032, owing to rising demand for phenolic resins in the building & construction and electrical & electronics industries.
enhanced…
Phenolic Antioxidant Market: Anticipating Growth in Phenolic Additives (2023-202 …
Phenolic Antioxidant Market Set to Reach US$ 2.78 Billion by 2029
In 2022, the Phenolic Antioxidant Market recorded a valuation of US$ 1.96 billion, with expectations to surge at a Compound Annual Growth Rate (CAGR) of 5.10% over the forecast period, ultimately reaching US$ 2.78 billion by 2029. This revelation comes from a comprehensive market report aiming to provide insights, historical data, and industry-validated market projections.
Market Dynamics and Application Insights:
Phenolic antioxidants…
Global Phenolic Board Market Growth 2019-2024
LP INFORMATION offers a latest published report on Phenolic Board Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
According to this study, over the next five years the Phenolic Board market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular,…
