Phenolic Resin Market for Laminates is Forecasted to Reach US$ 915.7 million in 2028, Says Stratview Research

The global Phenolic Resin Market for Laminates is projected to witness a growth rate of 4.5% annually from 2023 to 2028, with an anticipated size of US$ 915.7 million in 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Phenolic Resin Market for Laminates which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3588/phenolic-resin-market-for-laminates.html#form

Report Highlights:
Market Size in 2028: US$ 915.7 million
Growth (CAGR): 4.5% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Phenolic Resin Market for Laminates:
The global Phenolic Resin Market for Laminates is segmented based on application type, end-user type, impregnation type, resin type and region.

Based on Application Type- The phenolic resin market for laminates is segmented into transformers, gears and bearings, PCBs, and others. Transformers are expected to remain the largest application type in the market during the forecast period. Phenolic has exceptional electrical insulating properties, excellent thermal stability, high mechanical strength and rigidity, high dielectric strength, and dimensional stability properties. Due to the above properties, phenolic resin has become the material of choice for insulation in transformers.

Based on Impregnation Type- The phenolic resin market for laminates is segmented into paper-based impregnation, fabric-based impregnation, and others. Paper-based impregnation is expected to remain the largest type in the market during the forecast period owing to its low density, good electrical properties, good strength, high rigidity, and outstanding workability characteristics. Overall, paper-based impregnation is a versatile and cost-effective method for producing phenolic laminates that can be used in a wide range of applications.

Based on End-Use Industry Type- The phenolic resin market for laminates is segmented into electrical & electronics, and industrial. Electrical & Electronics is expected to remain the biggest end-use industry type in the market during the forecast period. The combination of excellent electrical insulation properties, flame retardancy, chemical resistance, and durability make phenolic a popular choice for laminates used in the electrical & electronics industry.

Based on Resin Type- The market is segmented into resole and novolac. Resole is expected to remain the dominant resin type in the market during the forecast period owing to its excellent combination of properties, such as high strength and durability, water resistance, heat resistance, resistance to a wide range of chemicals, and ease of use.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3588/phenolic-resin-market-for-laminates.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the largest market for phenolic resins for laminates during the forecast period. This growth outlook is majorly attributed to the following-
• This region is predicted to record the highest CAGR during the forecast period due to healthy economic development and considerable investment in electrical & electronics and industrial activities.
• Key economies, such as India and China, are experiencing rapid economic growth with increasing regional disposable income and industrial activities.
• Europe and North America are the other two major phenolic resin markets for laminates and will likely exhibit healthy growth rates over the next five years.

Phenolic Resin Market for Laminates Drivers:

Some of the key drivers listed in the report are given below.
• Growing industrial and electrical & electronics activities, especially in Asia-Pacific paired with the growing acceptance of phenolic resins in the wake of their properties, such as excellent electrical insulation properties, flame retardancy, chemical resistance, and durability, and increasing usage of laminates in new applications are likely to fuel the growth of the market during the forecast period.

Top 10 Companies in the Phenolic Resin Market for Laminates:
Stratview Research has identified the following companies as the top market players:
• Bakelite Synthetics
• Sumitomo Bakelite Co., Ltd.
• Kolon Industries Inc.
• Prefere Resins Holding GmbH
• Jinan Shengquan Group Share-Holding Co., Ltd.
• Asahi Yukizai Corporation

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Phenolic Resin Market for Laminates, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Polyamide-imide Resin Market : https://www.stratviewresearch.com/364/Polyamide-imide-Resin-Market.html
• Petroleum Resin Market: https://www.stratviewresearch.com/3588/phenolic-resin-market-for-laminates.html

Postal Address:
400 Renaissance Center, Suite 2600,
Detroit, Michigan, MI 48243
United States of America

Website: www.stratviewresearch.com
Mail Us: sales@stratviewresearch.com
Press: media@stratviewresearch.com
Call Us: +13133074176

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.