PUBLISHER: Lucintel | PRODUCT CODE: 1154007
PUBLISHER: Lucintel | PRODUCT CODE: 1154007
Global Phenolic Resin Market Trends and Forecast
The future of the global phenolic resin market looks promising with growth opportunities in the construction, transportation, electrical and electronics, furniture, and industrial end use. The global phenolic resin market is expected to reach an estimated $16.0 billion by 2027 with a CAGR of 6.1% from 2021 to 2027. The major drivers of growth for this market are increasing use of heat resistance, corrosion and chemical resistance materials in construction and transportation industry and lower cost of phenolic resin compared to its competitors.
Evolution of Phenolic Resin Opportunities
Phenolic resin opportunities have evolved through number of stages as presented in figure below:
Emerging Trends in the Phenolic Resin Market
Emerging trends, which have a direct impact on the dynamics of the industry, includes the use of bio based phenolic resin, rosin modified phenolic resin, boron-modified phenol formaldehyde resin-based self-healing matrix for Cf/Siboc Composites.
A total of 141 figures / charts and 89 tables are provided in this 208-page report to help in your business decisions. Learn the scope of benefits, companies researched, and other details of the phenolic resin market report.
Phenolic Resin Market by Segment
Global Phenolic Resin Market by Application [Value ($B) and Volume (Billion Pounds) shipment analysis for 2016 - 2027]:
Global Phenolic Resin Market by Type [Value ($B) and Volume (Billion Pounds) shipment analysis for 2016 - 2027]:
Global Phenolic Resin Market by End Use [Value ($B) and Volume (Billion Pounds) shipment analysis for 2016 - 2027]:
Global Phenolic Resin Market by Region [Volume (Billion Pounds) and Value ($B) shipment analysis for 2016 - 2027]:
US
Canada
Mexico
Western Europe
Eastern Europe
China
Japan
India
Taiwan
Republic of Korea
Central/South America
Middle East
List of Phenolic Resin Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies phenolic resin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the phenolic resin companies profiled in this report includes.
Phenolic Resin Market Insight
Features of Global Phenolic Resin Market
FAQ
Q1. What is the phenolic resins market size?
Answer: The global phenolic resin market is expected to reach an estimated $16.0 billion by 2027.
Q2. What is the growth forecast for phenolic resin market?
Answer: The phenolic resin market is expected to grow at a CAGR of 6.1% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the phenolic resin market?
Answer: The major drivers of growth for this market are increasing use of heat resistance, corrosion and chemical resistance materials in construction and transportation industry and lower cost of phenolic resin as compared to its competitors.
Q4. What are the major applications or end use industries for Global Phenolic Resin?
Answer: Construction and electrical & electronics are the major end uses for global phenolic resin.
Q5. What are the emerging trends in phenolic resin market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include the use of bio based phenolic resin and rosin modified phenolic resin.
Q6. Who are the key phenolic resin companies?
Answer: Some of the key phenolic resin companies are as follows:
Q7. Which phenolic resin type segment will be the largest in future?
Answer: Lucintel forecasts that the molding compounds segment will remain the largest segment over the forecast period due to high heat resistance, mechanical strength and electrical properties and is used in automotive, aerospace, electronics and industrial market.
Q8 : In phenolic resin market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to remain the largest region over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.