The report provides a clear image of this Phenolic Resins Market scenario and so the expected method forward for the trade. The report focuses on the premise of market drivers, restraints, growth, trends, and forecast for the period of 2018-2025. In addition, the report collectively maps the market performance by value chain analysis which may facilitate in higher product differentiation besides the analysis of each innovate terms of size, share, market attractiveness index and rate of growth.
Phenolic Resins are synthetic polymers. They are formed by the reaction between phenols and formaldehydes. They were the earliest commercial synthetic resins, and have been very popular in the market as molded products. Various products of phenolic resins available in the market today include resol resins, novolac resins, bio-phenolic resins, cresol novolac and formaldehyde-free phenolic resins. These products have been famous by various trade names such as Bakelite, Novo Text, Oasis, Maritex Aquarius etc.
Global phenolic resins market is primarily run by demands from automotive industry, as phenolic resins help in improving vehicle efficiency and fire resistance. The heavy demand for phenolic molding is another major driving force behind the growth of this market. Leading product in the global phenolic resins market is resol resin, owing to their heavy demand as optical coatings in wood-adhesives and laminates industry. They lead this market in terms of both demand and production. Besides optical coatings, phenolic resins also serve as a very good candidate for plywood and particleboard manufacture, attributed to their excellent moisture resistance.
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Owing to properties such as adhesion, moisture resistance, heat resistance and high mechanical strength, phenolic resins find application in a myriad of industries. These industries include wood-adhesives, molding compounds, laminates, for insulation purposes, for offshore oil drilling, fire retardants, hardeners, as abrasives and friction materials. In spite of their excellent properties and thus varied applications, they have recently come into focus as being unfriendly to the environment. This can be attributed to the formaldehyde emissions coming out from them. However, research activities are going on to try to modify their properties by using nanotechnology tools. If this becomes possible, then the market can have a huge scope of expansion.
Asia Pacific leads the global phenolic resins market in terms of both demand and production followed by North America, and Europe. The key players in global phenolic resins market include BASF SE, Ludwigshafen Verbund, Momentive Specialty Chemicals Inc., SI Group, Sumitomo Bakelite Co. Ltd., Prefere Resins, Dujodwala Paper Chemicals Ltd., Kolon Industries Inc., Georgia Pacific Chemicals LLC, DIC Corporation, Hitachi Chemical Co. Ltd., and Mitsui Chemicals Inc. Geographically, this market has been segmented into regions such as North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Table Of Contents – Overview
4.Phenolic Resins Market Analysis By Products
5.Phenolic Resins Market Analysis By Forms
6.Phenolic Resins Market Analysis By Applications
7.Phenolic Resins Market Analysis By Region
8.Competitive Landscape Of Phenolic Resins Companies
9.Company Profiles Of Phenolic Resins Industry
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