Phenolic Resins Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Phenolic resins are also known as phenol formaldehyde resins. These are synthetic polymers produced by the reaction of phenol or substituted phenol with formaldehyde. Phenolic resins are used for a wide variety of applications including molding powders, laminating resins, adhesives, binders, surface coatings etc. These are used in a wide variety of industrial products that need a durable, smooth and spotless coating. The various types of phenolic resins includes resol resin, novolac resin, and others.

MARKET DYNAMICS

There is a growing of phenol formaldehyde resins from the automotive industry which mainly drives the phenolic resin market. Phenolic resins are used in automotive segment for various applications such as brake pads, clutch facing, disc brake etc. Additionally, there are growing applications of phenolic resins in the wood adhesives due to growing construction industry. However, the various environmental regulations regarding the formaldehyde emission may hamper the market growth.

MARKET SCOPE

The "Global Phenolic Resins Market Analysis to 2031" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the phenolic resins market with detailed market segmentation by type, application and end use industry. The global phenolic resins market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading phenolic resins market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global phenolic resins market is segmented into type, application and end use industry. By type, the phenolic resins market is classified into resol resin, novolac resin, and others. By application, the phenolic resins market is classified into wood adhesives, laminates, foundry, and others. By end use industry, the phenolic resins market is classified into automotive, building and construction, furniture, electrical and electronics, and others

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global phenolic resins market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The phenolic resins market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the phenolic resins market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the phenolic resins market in these regions.

MARKET PLAYERS

The report covers vital developments in the phenolic resins market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the phenolic resins market are anticipated to lucrative growth opportunities in the future with the rising demand for phenolic resins in the global market. Below mentioned is the list of few companies engaged in the phenolic resins market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the phenolic resins market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

- SI Group, Inc.
- BASF SE
- Momentive
- Hexion
- Sumitomo Bakelite Co., Ltd.
- Ashland
- KOLON Industries, Inc
- Changshu South-East Plastic Co., Ltd
- DIC CORPORATION
- SHANDONG LAIWU RUNDA NEW MATERIAL CO.,LTD

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Phenolic Resins Report Scope