Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Friday, March 29, 2024 · 699,692,262 Articles · 3+ Million Readers

Phenolic Resins Market is estimated to be US$ 17.28 billion by 2030 with a CAGR of 4.5% during the forecast period - By PMI

Global Phenolic Resins Market, By Type (Novolac and Resol) By Application (Molding, Wood Adhesives, Insulation, Laminates, Paper Impregnation, Coatings) By End-user Industry (Automotive and Transportation, Consumer Electronics, Building and Construction, Oil and Gas, Furniture) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

/EIN News/ -- Covina, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Phenolic Resins Market accounted for US$ 11.2 billion in 2020 and is estimated to be US$ 17.28 Billion by 2030 and is anticipated to register a CAGR of 4.5%. Phenolic resins are classified into two different types, novolacs and resoles. phenolic novolac resins and phenolic resol resins is used to create the polymer Phenolic resin these resin is also called as phenolic formaldehyde resin, phenolic resin is a synthetic resin is produced from the polymerization of a phenol (C6H5OH) and a formaldehyde (CH2C=O). Both have high temperature stability up to 300° - 350° C, high water and chemical stability. Phenolic resins are establish in numerous industrial products. Phenolic resin mainly used in the production of circuit boards. They are best known for producing billiard balls, laboratory countertops, and molded products including coatings and adhesives. Phenolic resins is contain synthetic thermoset resins this resin obtained by the reaction of phenols with formaldehyde. The phenolic resin market is growing attractively due to increased demand from various manufacturers due to enhanced properties such as high moldability, high heat resistance, low smoke toxicity, mechanical strength and blending ability with polymers.

The report " Global Phenolic Resins Market, By Type (Novolac and Resol) By Application (Molding, Wood Adhesives, Insulation, Laminates, Paper Impregnation, Coatings) By End-user Industry (Automotive and Transportation, Consumer Electronics, Building and Construction, Oil and Gas, Furniture) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030’’

Key Highlights:

  • In August 2022, Pursuing innovation for a sustainable society, These techniques developed the original phenolic resin sliding material, since then Starlight has diversified into a variety of fields including steel, shipbuilding, industrial machinery, automobile, telecommunications and housing industries using high-performance engineering plastics and advanced materials. Tribology (Friction, Wear, Lubrication Engineering) Technology.
  • In August 2022, The Gill Corp. announces novel Gillcore HF fiberglass honeycomb core. The core is manufactured with a substrate consisting of woven fiberglass cloth reinforced with heat-resistant phenolic resin for improved moisture resistance over traditional aramid fiber substrates. TGC says it is suitable for high-temperature applications that require high build-up and high humidity.

Request Free Sample Copy: https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4915


Analyst View:

The Growing metal fabrication, automotive and industrial machinery industries worldwide will rise the demand for abrasive tools for grinding, polishing, cutting and other tasks. This will rise the demand for grinding wheels based on phenolic resin coatings. Phenolic resin-based molded components improve fire safety and overall vehicle performance. Phenolic resins are a key component in the construction and automotive industries, and are used as adhesives and binding agents, where APAC stands out to generate high demand for phenolic resins in the coming years.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Phenolic Resins Market, By Type (Novolac and Resol) By Application (Molding, Wood Adhesives, Insulation, Laminates, Paper Impregnation, Coatings) By End-user Industry (Automotive and Transportation, Consumer Electronics, Building and Construction, Oil and Gas, Furniture) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Phenolic-Resins-Market-4915

Key Market Insights from the report:

Global Phenolic Resins Market accounted US$ 11.2 billion in 2020 and is estimated to be US$ 17.28 Billion by 2030 and is anticipated to register a CAGR of 4.5%. The Global Phenolic Resins Market is segmented based on Type, Application, End User and Region.

  • Based on Type, Global Phenolic Resins Market is segmented into Novolac and Resol.
  • Based on Application, Global Phenolic Resins Market is segmented into Molding, Wood Adhesives, Insulation, Laminates, Paper Impregnation, and Coatings.
  • Based on End User, Automotive and Transportation, Consumer Electronics, Building and Construction, Oil and Gas, Furniture.
  • By Region, the Global Phenolic Resins Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Global Phenolic Resins Market:

The prominent players operating in the Global Phenolic Resins Market include Olympic Panel Products LLC, Ashland Inc., DIC Corporation, Hexcel Corp., Arizona Chemical Company LLC, Georgia Pacific Chemicals, Kolon Industries Inc., Momentive Specialty Chemicals, Sumitomo Bakelite Co. Ltd., and Hitachi Chemical Co. Ltd.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

Scope of the Report:

  1. Global Phenolic Resins Market, By Type
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Novolac
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Resol
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  2. Global Phenolic Resins Market, By Application, 2020 – 2030, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Molding
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Wood Adhesives
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Insulation
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Laminates
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Paper Impregnation
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Coatings
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  3. Global Phenolic Resins Market, By End User Industry, 2020 – 2030, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Automotive and Transportation
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Consumer Electronics
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Building and Construction
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Oil and Gas
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Furniture
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

  • Explains an overview of the product portfolio, including product development, planning, and positioning
  • Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
  • Detailed analysis of the market revenue over the forecasted period.
  • Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
  • Study on the segments that are anticipated to dominate the market.
  • Study on the regional analysis that is expected to register the highest growth over the forecast period

Browse the Related Reports: 

1. High Performance Composites Market, By Resin Type (Thermoset Resins and Thermoplastic Resins), By Fibre Type (Carbon Fiber Composites, S-glass Composites, and Aramid Fiber Composites), By Application (Aerospace and Defense, Automotive, Pressure Vessel, Wind Turbine, Medical, and Construction), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030

2. Petroleum Resins Market, By Type (Aliphatic C5 Resins, Aromatic C9 Resins, Hydrogenated Hydrocarbon Resins, and C5/C9 Resins), By Application (Adhesive and Sealants (Pressure Sensitive Adhesives (PSA) and Hot Melt Adhesives (HMA)), Paints and Coatings, Printing Inks, Rubber Compounding, Tapes and Labels, and Others), By End User (Building and Construction, Tire Industry, Automotive, Personal Hygiene, Consumer Goods and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Trends, Analysis and Forecast till 2029

3. Blow Molding Resins Market, By Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others), By Technology (Injection Blow Molding, Extrusion Blow Molding, Stretch Blow Molding, and Compound Blow Molding), By Application (Packaging, Automotive & Transportation, Building & Construction, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2030

4. Coating Resins Market, By Type (Epoxy, Polyurethane, Alkyd, Acrylic, Vinyl, Amino, Unsaturated Polyester, and Saturated Polyester), By Application (Architectural Coatings, Automotive Coatings, General Industrial Coatings, High Performance Coatings, Wood Coatings, and Packaging Coatings), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, & Forecast till 2030


Kunal D
                    Prophecy Market Insights
                    U.S.: +1 860 531 2701 APAC: +917775049802
                    Email- sales@prophecymarketinsights.com
                    Web: www.prophecymarketinsights.com

Primary Logo

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release