Phenolic Resins Market To Witness Unbelievable Growth By 2026:Mitsui Chemicals, Inc., Hexion, BASF SE, SBHPP, Aica Kogyo Co., Ltd., SI Group, Inc., LERG SA., Shengquan Group, UCP Chemicals AG, Tongcheng-Elong, SHANDONG LAIWU RUNDA NEW MATERIAL CO.,LTD

Press Release

Global phenolic resins market is expected to rise to an estimated value of USD 16.9 billion by 2026, registering a substantial CAGR in the forecast period of 2020-2026.

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Data Bridge Market Research has added an exhaustive research study of the Global Phenolic Resins Market detailing every single market driver and intricately analyzing the business vertical. The research report has abilities to raise as the most significant Phenolic Resins market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Research report presents a complete assessment of the Phenolic Resins Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data.

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Companies Profiled in this report includes, Mitsui Chemicals, Inc., Hexion, BASF SE, SBHPP, Aica Kogyo Co., Ltd., SI Group, Inc., LERG SA., Shengquan Group, UCP Chemicals AG, Tongcheng-Elong, SHANDONG LAIWU RUNDA NEW MATERIAL CO.,LTD, ALLNEX NETHERLANDS B.V., Plenco, Metadynea International, Kolon Industries Inc., Georgia-Pacific Chemicals LLC, Prefere Resins Holding GmbH, Chang Chun Group among others.

The rapidly revolutionizing market place demands the best Phenolic Resins market and business solutions to thrive in the Phenolic Resins market. The report also studies the key developments in the Phenolic Resins market with respect to current scenario and the forthcoming advancements. Moreover, this market report gives information about historic data, present Phenolic Resins market trends, environment, technological innovation, forthcoming technologies and the technical progress in the related industry. All this data aids industry to take better steps to get their strategies better to trade goods and services. Thus, the report makes businesses to focus on the more important aspects of the Phenolic Resins market

Phenolic resins, also known as phenol–formaldehyde resins are synthetic polymers which are produced from the reaction of phenol or substituted phenol with formaldehyde at high temperatures. They are hugely applicable in wood adhesives, molding compounds, and laminates. The resins provide the properties of excellent flame-retardant, showcase high tensile strength, high heat resistance and low toxicity.

Market Drivers:

  • Growing volatility in the production of phenolic resins is propelling the market growth
  • Growing demand from the construction and transportation industries is expected to further boost the market growth
  • Rising application of phenolic resins in nanotechnology acts as a market driver
  • Increasing demand of phenolic resins for decorative as well as industrial laminated is propelling the market growth

Market Restraints:

  • Volatility in crude oil prices is restricting the growth of this market
  • Environmental regulations regarding formaldehyde emissions also hampers the market growth
  • Huge investments are required to modify production processes which can also restrict the growth of this market

Segmentation: Global Phenolic Resins Market

By Product

  • Novolac
  • Resole
    • Liquid
    • Solid
  • Modified

By Application

  • Adhesives
  • Insulation
  • Molding Compounds
  • Lamination
  • Paper Impregnation
  • Coatings
  • Others

By End-Use

  • Automobiles
  • Electric and Electronics
  • Furniture
  • Construction
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific
  • Middle East and Africa
    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

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This Phenolic Resins report offers detailed coverage of the market and demonstrates each player active in the industry.  It supplies a comprehensive analysis of the business aspects like market size, recent development advances, stocks, general tendencies and inventions. Additionally, the data included in the Phenolic Resins report was compiled through data methods like secondary and primary search.  An expert group of analysts throws light in addition to lively location of the worldwide market. The Phenolic Resins report provides accurate data and insights related to global market which include CAGR, value, volume, consumption, production, growth rate and revenue.

Research objectives

  • To study and analyze the global Phenolic Resins market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2026.
  • To understand the structure of Phenolic Resins market by identifying its various sub segments.
  • Focuses on the key global Phenolic Resins players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the Phenolic Resins with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To project the size of Phenolic Resins submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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