openPR Logo
Press release

Phenolic Resins Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024

Phenolic Resins Market - Global Industry Insights, Trends,

Phenolic resins or phenol formaldehyde resins are the synthetic polymers derived from the reaction between formaldehyde and phenol. Phenolic resins were regarded as the first commercial resins used in manufacturing of moulded products such as laboratory countertops and billiard balls. They are also used as coasting and adhesives. Various product types of phenolic resin currently available in the market, include, novolac resin, cresol, resol resin, bio-phenolic resin, and formaldehyde-free phenolic resin. Various trade names associated with these products include Bakelite, Aquarius, Maritex, Novo Text, and Oasis, etc. Attributed to its properties such as moisture resistance, heat resistance, adhesion, and high mechanical strength phenolic resins find prominent application in number of industrial activities such as laminates, offshore oil drilling, moulding compounds, , insulation purposes, hardeners, fire retardants, abrasives, friction materials, wood-adhesive, and others.

Browse Market Research Report @ https://www.coherentmarketinsights.com/ongoing-insight/phenolic-resins-market-341

Regulatory framework pertaining to phenolic resins include Japan Society of Occupational Safety that marks the permissible concentration of phenol and formaldehyde for the production of phenol resins and Industrial Safety and Health Act that has stated phenol and formaldehyde as labelled substance which allows the usage of phenol resins in various applications. Other agencies such as the U.S. Environmental Protection Agency (EPA), European Phenolic Resins Association (EPRA), and, REACH are also some of regulatory bodies for phenolic resins industry. These bodies ensure consumers’ health & safety by limiting pollution, and hazardous emissions pertaining to this industry.

Phenolic Resins Market Taxonomy

By Product Type

On the basis of product type, the global phenolic resin market is segmented into:

Resol Resin
Novolac Resin
Others (Cresol Resin, Bio-Phenolic Resin, etc.)
By Form

Based on form, the global phenolic resins market is classified as:

Powder
Granules
Liquid
By Application

Based on application, the global phenolic resins market is segmented as:

Moulding Compounds
Wood Adhesives
Insulation
Laminates
Foundry
Paper Impregnation
Others (Abrasives, Friction Materials, etc.)
By End-user Industry

On the basis of end-user industry, the global phenol resins market is segregated as:

Building & Construction
Automotive
Electrical & Electronics
Furniture
Others (Paints & Coatings, etc.)

Request for an exclusive sample of this report: https://www.coherentmarketinsights.com/insight/request-sample/341

Novolac resin has emerged as the leading phenolic resin type owing to its increasing application in maintenance coatings or as high-solid varnishes due to its high fire and corrosion resistance attributes combined with high carbon residue.

Global Phenolic Resin Market Outlook – Asia Pacific is set to register the fastest growth rate in global phenolic resins market owing to rapid urbanization

The global phenolic resin market is geographically segmented into North America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific has been the dominant market of phenolic resins in terms of consumption, thereby accounting for almost more than one-third share of the global phenolic resin market. This region is expected to exhibit the fastest growth during the forecast period (2016-2024), owing to the regulatory governing frameworks promoting the usage of lightweight composites in the automotive industry. Other driving factors for the significant growth in Asia Pacific include rapidly increasing population and rapid urbanization. According to the recent trends, phenolic resin manufacturers are gradually shifting their production bases from North America and Europe to emerging economies such as Asia in order to capitalize upon economies of scale by tapping in on low cost labour and extensive resource pools to increase production of phenolic resins.

The key players operating in the global phenolic resins market are BASF SE, Hitachi Chemical Co. Ltd., Ludwigshafen Verbund, Sumitomo Bakelite Co. Ltd., Georgia Pacific Chemicals LLC, SI Group, Prefere Resins, Momentive Specialty Chemicals Inc., DIC Corporation, Kolon Industries Inc., and, Mitsui Chemicals Inc. These phenol resin players are focusing on establishing strategic agreements and partnerships to broaden and strengthen their production base in the value chain, either by forward integration in terms of supply of raw materials, or manufacturing the product themselves. Recently, BASF SE has expanded its South Korean production base, by doubling its phenol capacity. Few other companies such as Kanoria and Momentive have entered into a joint venture to build new production plants in India.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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 - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024 here

News-ID: 540040 • Views:

More Releases from Chemical Research Report [CMI]

E-Coat Market Outlook – Superior performance and better properties coupled wit …
Electrocoating or E-coating is a process in which a metal is submerged in a water-based solution containing a paint emulsion, following which an electric voltage is applied to the metal enabling the paint emulsion to abridge on top of the part. The metal part can be painted both inside and out, wherever the liquid is able to reach a metal surface. As areas of high voltage build a coating, they
Transparent Conductive Films Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024
Transparent Conductive Films Market - Global Industry Insights, Trends, Outlook, …
Transparent conductive films (TCF) are high-resolution metal based electrode structures on polyester films. The TCF market offerings include both glass and film built transparent conductors. Transparent conductive films are used as transparent electrode components for manufacturing touchscreens, LCDs, and LEDs. Transparent conductive films find major application in the manufacture of touch-enabled devices due to its surface resistance and transmittance properties. Other attributes of transparent conductive films include presence or absence
Drilling Chemicals Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
Drilling Chemicals Market - Global Industry Insights, Trends, Outlook, and Oppor …
Drilling chemicals are majorly used in processes such as oil & gas exploration, metal & mineral extraction, coal seam gas drilling, and for bore well drilling. Drilling chemicals are useful in terms of cooling and lubrication of the drilling equipment, maintaining the pressure, removing cuttings from bore wells, and providing support and stabilizing the bore well area. Drilling chemicals are widely used to aid drilling boreholes into the earth’s crust.
Automotive Interior Materials Market – Global Industry Insights, Trends and Opportunity Analysis, 2016–2024
Automotive Interior Materials Market – Global Industry Insights, Trends and Op …
Automotive interiors, including seats, door panels, cockpit modules, steering wheels, and dashboards offer comfort to the vehicle drivers and also enhance the aesthetic appeal of the vehicle. Automotive interiors of superior quality minimize engine vibrations and act as effective cabin insulators, thereby enhancing the consumer’s riding experience. Attributed to the growing consumer preference for premium automotive interior materials and the desire to enhance the aesthetic appeal of the interiors, the

All 5 Releases


More Releases for Resin

Alkyd Resin Market
The "Alkyd Resin Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031.  The market was valued at USD xx.x billion In 2023. Growing Demand and Growth Potential in the Global Alkyd Resin Market, 2024-2031 Verified Market Research's most recent report, "Alkyd Resin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination
Water Based Amino Resin Market Size, Share and Forecast By Key Players-BASF, Hex …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Water Based Amino Resin market is anticipated to grow at a compound annual growth rate (CAGR) of 16.58% between 2024 and 2031. The market is expected to grow to USD 68 Billion by 2024. The valuation is expected to reach USD 199.02 Billion by 2031. The market for water-based amino resin is expanding rapidly due to the growing
Solvent Based Amino Resin Market Size, Share and Forecast By Key Players-BASF, A …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Solvent Based Amino Resin market is anticipated to grow at a compound annual growth rate (CAGR) of 16.57% between 2024 and 2031. The market is expected to grow to USD 45.6 Billion by 2024. The valuation is expected to reach USD 133.38 Billion by 2031. The market for solvent-based amino resin is expanding significantly due to its extensive
Alkyd Resin Market
According to the latest research report published by Market Data Forecast, the global alkyd resin market is expected to grow at a CAGR of 3.32% during the forecast period 2024-2029. The market value was at USD 2.89 billion in 2023, and the value is expected to reach USD 3.52 billion by the end of 2029. Alkyd resin is the oil-modified complex polyester that acts as a film-forming agent in paints and
Composite Resin
According to a new market research report published by Global Insight Services "Composite Resin Market" is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market. Download Sample of Report : https://www.globalinsightservices.com/request-sample/GIS20852 Composite 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