"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Phenolic Resin Market Size, Share & Industry Analysis, By Type (Novolac Resin, Resol Resin, Others), By Application (Wood Adhesives, Molding, Insulation, Others) And Regional Forecast 2022-2029

Region : Global | Report ID: FBI104569 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Phenolic resin also called as phenol formaldehyde resin are synthetic polymers obtained by reaction of phenol or substituted phenol with formaldehyde. They have been widely used in manufacturing of molded products, coatings, adhesives, and other products. The application areas of phenolic resins are broadly categorized into foundry, wood adhesives, insulation, molding, abrasives, and others.


Increasing demand for novolac resins from automotive sector id one of the prime factor driving the market growth. Boost in production of passenger cars owing to the rising expenditure of consumers shall aid the growth. Additionally, manufacturing of panels, wall panels, engineered products, wood products for residential housing is expected to fuel the market growth.


However, formaldehyde is one of the precursor for phenolic resins. There are various stringent regulations imposed by government authorities regarding the formaldehyde emission. This is expected to hinder the market growth.


Key Market Driver -

Increasing demand from automotive sector.

Key Market Restraint -

environmental regulations and guidelines regarding raw materials.


Market Segmentation:


Based on type, the global phenolic resin market is segmented into novolac resin, resol resin and others. Based on application, market is segmented into wood adhesives, molding, insulation, and others.


From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.


Key Players Covered: 


The global phenolic resin market consists of global & regional players operating. Some of the key players in the market include
Hexion Inc,  Sumitomo Bakelite Co. Ltd,  DIC Corporation Inc, BASF SE,  SI Group Inc.,  Hitachi Chemical Co. Ltd., and others.


Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the Phenolic Resin Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global market is dominated by Asia Pacific attributed to the growing automotive industries. Expansion of capacities of automobile manufacturers like Tata Motors, GM, VW, Hyundai, and others. North America is estimated to exhibit significant growth attributed to the high demand from residential application areas. Europe is expected to hold significant growth due to demand for automotive brake pads, disc brakes, drum linings, and other parts. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.


To gain extensive insights into the market, Request for Customization


Segmentation






















 ATTRIBUTE


  DETAILS

By Type




  • Novolac Resin

  • Resol Resin

  • Others



By Application




  • Wood Adhesives

  • Molding

  • Insulation

  • Others



By Geography




  • North America (U.S., and Canada)

  • Europe (Germany, UK, France, Italy, and Rest of Europe)

  • Asia Pacific (China, India, Japan, and Rest of Asia Pacific)

  • Latin America (Mexico, Brazil, and Rest of Latin America)

  • Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)



Phenolic Resin Industry Developments



  • In September 2020, Hexion has agreed to sell its phenolic specialty resin and two other business to a team of private equity firms for 425 million USD.


  • Ongoing
  • 2021
  • 2018-2020

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $7850
    Pre Book

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

BASF
LG Chem
Mobil
Samsung
Iwatani

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X