The global “Phenolic Resins market” presents a widespread and elementary study of Phenolic Resins business at the side of the analysis of subjective aspects which is able to give key business insights to the readers. World Phenolic Resins Market analysis report offers the analytical read of the business by learning various factors like market growth, consumption volume, market trends and Phenolic Resins business price structures throughout the forecast period.
Main features of the
report:
• To provide detailed
analysis of the market structure together with forecast of the varied segments
and sub-segments of the world Phenolic Resins Market.
• A perfect background
analysis, which has an evaluation of the parent market.
• Important changes in
market dynamics
• Track and analyse
competitive developments like joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments within
the global Phenolic Resins Market.
• Emerging niche segments
and regional markets
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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 suffice the 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 major participants
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.
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