Phenolic Resin Market is expected to witness a CAGR of more than 5.8% between 2016 and 2021
The [177 Pages report] "Phenolic Resin Market by Type (Resol Resin, Novolac Resin), Application (Wood Adhesives, Molding, Insulation), End-use Industry (Automotive, building & construction, Furniture) - Global Forecasts to 2021", published by MarketsandMarkets, the global market is estimated to be valued at USD 11.30 Billion in 2016 and is projected to grow at a CAGR of 5.8% to reach USD 15.01 Billion by 2021.
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Phenolic resins are the oldest synthetic polymers obtained by the reaction of phenol and formaldehyde. They possess properties such as high mechanical strength, low toxicity, and excellent heat resistance. The areas of applications can broadly be categorized into wood adhesives, foundry, molding, laminates, insulation, and others (abrasives, friction materials, foam, and printing ink).
Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Phenolic Resin Market, By Type
8 Phenolic Resin Market, By Application
9 Phenolic Resin Market, By End-Use Industry
10 Phenolic Resin Market, By Region
11 Competitive Landscape
12 Company Profiles
13 Appendix
The global phenolic resin market is segmented on the basis of region, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and South America. Currently, the Asia-Pacific region is the largest market for phenolic resin. Rapid industrialization and improved living standards is expected to drive the increasing demand for phenolic resin. Middle East & Africa is projected to be the second-fastest growing market from 2016 to 2021. This growth is attributed to the rapidly growing automotive and building & construction industries in the region.
Currently, the global phenolic resin market is led by various market players such as, Hexion Inc. (U.S.), Hitachi Chemical Co., Ltd. (Japan), Sumitomo Bakelite Co., Ltd. (Japan), SI Group, Inc. (U.S.), DIC Corporation (Japan), BASF SE (Germany), Kolon Industries, Inc. (South Korea), Shandong Laiwu Runda New Material Co., Ltd. (China), Dujodwala Paper Chemicals Ltd. (India), and Changshu South-East Plastics Co., Ltd. (China), among others.
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