The report on the Global Phenolic Resins Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Phenolic Resins are synthetic polymers. They are formed by the reaction between phenols and formaldehydes. They were the earliest commercial synthetic resins, and have been very popular in the market as molded products. Various products of phenolic resins available in the market today include resol resins, novolac resins, bio-phenolic resins, cresol novolac and formaldehyde-free phenolic resins. These products have been famous by various trade names such as Bakelite, Novo Text, Oasis, Maritex Aquarius etc.
Owing to properties such as adhesion, moisture resistance, heat resistance and high mechanical strength, phenolic resins find application in a myriad of industries. These industries include wood-adhesives, molding compounds, laminates, for insulation purposes, for offshore oil drilling, fire retardants, hardeners, as abrasives and friction materials.
Global phenolic resins market is primarily run by demands from automotive industry, as phenolic resins help in improving vehicle efficiency and fire resistance. The heavy demand for phenolic molding is another major driving force behind the growth of this market. Leading product in the global phenolic resins market is resol resin, owing to their heavy demand as optical coatings in wood-adhesives and laminates industry. They lead this market in terms of both demand and production. Besides optical coatings, phenolic resins also serve as a very good candidate for plywood and particleboard manufacture, attributed to their excellent moisture resistance.
In spite of their excellent properties and thus varied applications, they have recently come into focus as being unfriendly to the environment. This can be attributed to the formaldehyde emissions coming out from them. However, research activities are going on to try to modify their properties by using nanotechnology tools. If this becomes possible, then the market can have a huge scope of expansion.
Asia Pacific leads the global phenolic resins market in terms of both demand and production followed by North America, and Europe.
The key players in global phenolic resins market include:
- BASF SE
- Ludwigshafen Verbund
- Momentive Specialty Chemicals Inc.
- SI Group
- Sumitomo Bakelite Co. Ltd.
- Prefere Resins
- Dujodwala Paper Chemicals Ltd.
- Kolon Industries Inc.
- Georgia Pacific Chemicals LLC
- DIC Corporation
- Hitachi Chemical Co. Ltd.
- Mitsui Chemicals Inc.
SEGMENTATION IN THE REPORT:
Phenolic Resins By Products:
- Resol Resins
- Novolac Resins
- Others
- Bio-Phenolic Resins
- Cresol Novolac
- Formaldehyde-Free Phenolic Resins
Phenolic Resins By Forms:
- Liquid
- Powder
- Granules
- Others
Phenolic Resins By Application:
- Wood Adhesives
- Molding Compounds
- Laminates
- Insulation
- Others
- Abrasives
- Friction Materials
Phenolic Resins By Geography:
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East And Africa
The Global Phenolic Resins Market has been exhibited in detail in the following chapters -
Chapter 1 Phenolic Resins Market Preface
Chapter 2 Executive Summary
Chapter 3 Phenolic Resins Industry Analysis
Chapter 4 Phenolic Resins Market Value Chain Analysis
Chapter 5 Phenolic Resins Market Analysis By Products
Chapter 6 Phenolic Resins Market Analysis By Forms
Chapter 7 Phenolic Resins Market Analysis By Applications
Chapter 8 Phenolic Resins Market Analysis By Geography
Chapter 9 Competitive Landscape Of Phenolic Resins Companies
Chapter 10 Company Profiles Of Phenolic Resins Industry