Phenolic
Resins Market strategic research study offers company accounts, industry investors,
and industry members with consequential insights to enable them to make
reliable strategic decisions regarding the opportunities in the global market.
Phenolic Resins Market
research report offers detail overview of industry with all the requisite data
to support tactical business decisions and come up with strategic growth plans.
This study also proposes a comprehensive insight into the development policies
and plans in addition to manufacturing processes and cost structures.
KEY BENEFITS
1. Phenolic Resins market analysis based on
current industry scenario and expected future trends to enable stakeholders
take strategic decisions.
2. Analysis of the factors impacting the Phenolic
Resins market to understand business opportunities.
3. Identification of key investment pockets
for various applications, type and geographies.
4. Identification of the Phenolic Resins
market top key players and their strategic moves.
5. Evaluation of Phenolic Resins market
trends to provide deep-dive intelligence into every market segment.
6. Competitive analysis to effectively plan
and execute a business plan.
7. Phenolic Resins market micro-level
analysis based on application, type and geography.
Download Free Sample
Report Now @ https://www.millioninsights.com/industry-reports/phenolic-resins-market/request-sample
The global phenolic resins
market size was valued at USD 9.30 billion in 2015 and is expected to reach USD
16.0 billion by 2025, with a CAGR of 5.4%. The global phenolic resins industry
is anticipated to witness stable growth owing to rising demand from
transportation and construction sector. Phenolic resins find their applications
in numerous segments on account of their properties such as good heat
resistance and flame retardancy, low smoke and toxicity, high mechanical
strength and easy blending with other polymers to attain high performance.
Product demand is expected to rise owing to of increasing use of fire retardant
constituents in crucial aircraft and automotive components.
Application Insights
Phenolic resins provide
services tonumerous end-use industries such as automotive, aerospace and
constructionvia applications in laminates, insulation, wood adhesives and
moulding compounds.
Wood adhesives were the
dominant application on account of increased use in plywood and particleboard
adhesives owing to phenolic resins which form chemical bonds with the
phenol-like lignin wood. These products are capable of retaining moisture and
hence are preferred for exterior plywood applications.
Moulding compounds are
expected witness high growth. This can be attributed to the ability of phenolic
resins to providefire safety and amplify vehicular efficiency. Rising demand
from the automotive segment is anticipated to play a critical role in the
phenolic resins growth over the forecast period. They are used in numerous
components in automobiles including cooling system, air supply system brake,
suspension, powertrainand fuel system.
Regional Insights
Asia Pacific emerged as the
market leader in phenolic resins market on account of widespread use in
construction applications and growing consumption of moulding compounds in
India and China. China is a large phenolic resins marketand a significant
consumer at a global level. Within North America, U.S. is one of the leading
consumers in wood adhesive applications of phenolic resins. In addition, demand
for thermal insulation productsis expected to be on a rise on account of the
legislation implemented in various countries and regional associations for
constructing energy efficient buildings. Further, growing use of composites in
marine, mass transit and aerospace is anticipated to boost the phenolic resins
market.
Competitive Insights
Key market players have
expanded their manufacturing facilities to sufficethe growing demand. As an
instance, in 2013, Ludwigshafen Verbund site had a new plant set up as a part
of BASF modernization and expansion of production facility. Other majorparticipants
in the market include Hitachi Chemical Co. Ltd., Georgia Pacific Chemicals LLC,
Kolon Industries Inc., SI Group, Inc., Prefere Resins, DIC Corporation,
Momentive Specialty Chemicals Inc., Sumitomo Bakelite Co. Ltd., Dujodwala Paper
Chemicals Ltd., and Mitsui Chemicals Inc.
Know
More Insights @ https://newsonmarketblog.wordpress.com
No comments:
Post a Comment