Opportunities for the global phenolic resin market to reach $15.0 billion by 2022

According to a new market report published by Lucintel, the future of the global phenolic resin market is attractive with opportunities in the wood adhesive, molding compound, laminate, insulation, paper impregnation, and coating applications. The global phenolic resin market is expected to reach an estimated $15.0 billion by 2022 and it is forecast to grow at a CAGR of 5.0% from 2017 to 2022. The major drivers for growth in this market are increasing use of materials with fire retardant, heat resistant, and anti-corrosive properties in end use applications.
In this market, wood adhesive, molding compound and laminate are the major applications. On the basis of its comprehensive research, Lucintel forecasts that molding compound is expected to remain the largest application segment by value due to high heat resistance, mechanical strength and electrical properties and is used in automotive, aerospace, electronics and industrial market. Wood adhesive will experience the highest growth over the forecast period supported by increasing demand for adhesives in furniture, water proof construction panels, beams, and marine plywood.
Construction, transportation, electrical & electronic, and furniture are the major end use industries. Construction is expected to be the largest market by value and volume, and will experience the highest growth over the forecast period.
By resin type, resol and novolac are the major resins used to manufacture adhesives, molding compound, and laminate.
Asia Pacific (APAC) is expected to remain the largest region by value and volume. North America is expected to experience the highest growth over the forecast period due to growth in end use industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of bio based phenolic resin, and increased penetration of phenolic resin in applications where fire, smoke, and toxicity properties are required. Hexion, Shandong Shengquan Chemical Co, Si Group, Sumitomo Bakelite, and Georgia–Pacific are some of the major suppliers of global phenolic resin market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global phenolic resin market by application type, end use industry, resin, region, and by country and has come up with a comprehensive research report entitled, “Growth Opportunities in the Global Phenolic Resin Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for the global phenolic resin market by application, end use, resin, region and country as follows:
By application (Value ($M) and Volume (M lbs) shipment analysis from 2011 to 2022):
• Wood adhesive
• Molding compound
• Laminate
• Insulation
• Coating
• Paper Impregnation
• Others

By end use industry (Value ($M) and Volume (M lbs) shipment analysis from 2011 to 2022):
• Construction
• Transportation
• Electrical and Electronics
• Furniture
• Industrial
• Others
By resin type (Value ($M) and Volume (M lbs) shipment analysis from 2011 to 2022):
• Resol phenolic resin
• Novolac and other phenolic resin
By region (Value ($M) and Volume (M lbs) shipment analysis from 2011 to 2022):
• North America
• Europe
• APAC
• ROW
By country (Value ($M) and Volume (M lbs) shipment analysis from 2011 to 2022):
• North America
− US
− Canada
− Mexico
• Europe
− Western Europe
− Central/Eastern Europe
• Asia Pacific
− China
− Japan
− India
− Taiwan
− Republic of Korea
− Others
• ROW
− Middle East
− Central/South America
This 204 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Mergers & Acquisitions, Due Diligence and SWOT Analysis.

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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This release was published on openPR.