Phenolic Resin Market is Growing Exponentially in Order to Gain More Demand by 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", The global phenolic resin 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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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 major factors restraining the growth of the global phenolic resin market are environmental regulations regarding formaldehyde emission. Formaldehyde and phenol are the primary raw materials used for the production of phenolic resin. Phenol is corrosive to body tissue, and poisoning can occur from inhalation, ingestion, or absorption. As a result, the use of formaldehyde and phenol is heavily regulated, especially in North America and Europe.
The growing automotive industry in the Asia-Pacific region and the increasing demand from end-user industries is leading to the growth of the global phenolic resin market.
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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