Press release
Phenolic Resin Market Projected To Register A CAGR Of 5.8% From 2016 To 2021
Phenolic Resin
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The global phenolic resin market is projected to reach USD 15.01 billion by 2021, at a CAGR of 5.8% from 2016 to 2021.The growth is primarily due to the advanced properties of phenolic resin coupled with the growing automotive industry in the Asia-Pacific region. The factors restraining the growth of this market are the environmental regulations regarding the use of phenol and formaldehyde.
The market for resol resin is projected to be the largest by type in the global phenolic resin market from 2016 to2021. Resol resin is the most widely used phenolic resin because of its enhanced properties such as, high heat resistance, high tensile strength, and excellent moldability. Moreover, the rising demand from the wood adhesives application is also leading to the high growth of resol resin in the global phenolic resin market.
Wood adhesives are expected to be the largest application of the global phenolic resin market from 2016 to 2021.The high demand for the wood adhesives application is mainly due to the growing construction industry. Moreover, rapid urbanization and increase in remodeling & renovation, housing projects, and other woodwork is also driving the global phenolic resin market in the wood adhesives application.
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Key Points From Table Of Content :
Company Profiles :
(Overview, Financial*, Products & Services, Strategy, and Developments)
• Hexion Inc.
• Hitachi Chemical Co., Ltd.
• Sumitomo Bakelite Co., Ltd.
• BASF SE
• SI Group, Inc.
• DIC Corporation
• Kolon Industries, Inc.
• Shandong Laiwu Runda New Material Co., Ltd.
• Dujodwala Paper Chemicals Ltd.
• Changshu South-East Plastic Co., Ltd.
• Other Key Market Players
• Shengquan Group (China)
• Allnex Belgium SA/NV (Belgium)
• Georgia-Pacific Chemicals LLC (U.S.)
• Prefere Resins (Germany)
• Mitsui Chemicals, Inc. (Japan)
• Dynea as (Norway)
• Chang Chun Plastics Co., Ltd. (Taiwan)
• Fenolit D.D. (Slovenia)
• Red Avenue Group Co., Ltd. (China)
• UCP Chemicals AG (Vienna)
• Aica Kogyo Co., Ltd. (Japan)
• Lerg SA (Poland)
• Saluc SA (Belgium)
• Mansoura for Resins & Chemical Industries Co. (Egypt)
• Sprea Misr (Egypt)
Research Coverage :
The report is segmented on the basis of type, application, end-use industry, and region. The major types covered in this report are resol resin, novolac resin, and others. The applications include wood adhesives, laminates, molding, foundry, insulation, and others. The end-use industry includes automotive, building & construction, furniture, electrical & electronics, and others. The market is also segmented on the basis of regions including, the Asia-Pacific region, Europe, North America, South America, and Middle East & Africa.
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