Phenolic Resins Market will reach USD 14 Billion, Globally by 2020

Zion Research has published a new report titled “Phenolic Resins (Resols, Novolac and Others) Market for Wood-adhesives, Molding Compounds, Laminates, Insulation and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020” According to the report, the global phenolic resins market was valued at approximate USD 10.0 billion in 2014 and is expected to reach approximately USD 14.0 billion by 2020, growing at a CAGR of around 5.5% between 2015 and 2020. In terms of volume, global phenolic resins market stood at approximately 4.7 million tons in 2014.

Request Sample Report: http://goo.gl/7j5GNk

Phenolic resins are synthetic polymers produced through reaction between phenol and formaldehyde. Owing to their superior physical and chemical properties, phenolic resins are widely used in host of industries in various applications such as wood-adhesives, insulation, rubber, and laminates. Properties of phenolic resins can be modified to suit any specific applications by altering the catalysts used during manufacturing. Phenolic resins exhibit excellent chemical and physical properties such as heat resistance, eclectic resistance, high tensile strength, mold ability, light weight, lower smoke and toxicity level. Key application market for phenolic resins includes wood adhesive, laminates, electronics, aviation, mass transit, foundry materials and power generation industries among others. Phenol and formaldehyde are the key raw materials used in the manufacturing of phenolic resins.

Based on product types, phenolic resins can be classified as resols and novolacs. Resols comprises more of formaldehyde, while novolac are mainly comprises of excess of phenols. Resols was the major product segment and dominated phenolic resins market with around 48% share in total volume consumption in 2014. However, novolacs is expected to witness strong growth and exhibit fastest CAGR during the forecast period.

Do Inquiry before buying: http://goo.gl/o4rWH4

Key applications of phenolic resins include molding compounds, wood-adhesives, insulation, rubber, and laminates. Wood-adhesives was the major application segment for phenolic resins with over 34% share of the total volume consumed in 2014. The other significant applications include abrasives, friction materials, and rubber additives. Molding compounds accounted for the second largest market share followed by laminates. Despite of smaller market share, insulation is one of the important application markets for phenolic resins.

Asia-Pacific was the major contributor to the total revenue generated by the global phenolic resins market in 2014. The region accounted for around 35% of the global consumption and is expected to grow at rapid pace in the near future due to growth in the manufacturing sector as well as construction industry. North America was the second largest consumer of phenolic resins in 2014, followed by Europe.

There are some key players developed their position in the global such as BASF SE, Georgia Pacific Chemicals LLC, Chang Chun Plastics Co. Ltd., Sumitomo Baketile, Mitsui Chemicals Inc., Momentive Specialty Chemicals Inc. (U.S.), SI Group (U.S.), Sumitomo Bakelite Co., Ltd (Japan), Kolon Industries, Inc. (Korea) and others.

Browse detail report at: http://www.marketresearchstore.com/report/phenolic-resins-market-for-z37563

This report segments the global market as follows:

Phenolic Resins Market - Product Segment Analysis
Resols
Novlac
Others

Phenolic Resins Market – Application Segment Analysis
Wood-adhesives
Molding compounds
Laminates
Insulation
Others

Phenolic Resins Market – Regional Segment Analysis
North America
U.S.
Europe
Germany
France
UK
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

Read Report TOC: http://goo.gl/IYPfU6

About Market Research Store
Market Research Store is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available on air. We have market research reports from number of leading publishers and update our collection daily to provide our clients with the instant online access to our database. With access to this database, our clients will be able to benefit from expert insights on global industries, products, and market trends.

Contact US:
Market Research Store
3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
United States
Toll Free: +1-855-465-4651 (USA-CANADA)
Tel: +1-386-310-3803
Email: sales@marketresearchstore.com
Website: http://www.marketresearchstore.com

This release was published on openPR.