Market Research Report
Phenolic Resins Market Analysis By Product (Novolac & Resols), By Application (Wood Adhesives, Molding Compounds, Insulation, Laminates, Paper Impregnation & Coatings), Competitive Landscape, And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||490511|
|Published||Content info||165 Pages
Delivery time: 1-2 business days
|Phenolic Resins Market Analysis By Product (Novolac & Resols), By Application (Wood Adhesives, Molding Compounds, Insulation, Laminates, Paper Impregnation & Coatings), Competitive Landscape, And Segment Forecasts, 2014 - 2025|
|Published: March 3, 2017||Content info: 165 Pages||
The global phenolic resins market is projected to reach USD 16.0 billion by 2025, according to a new report by Grand View Research, Inc. Technological advancements have fostered the development of unique heat shields with ablative phenolics for aerospace applications, leading to greater market share in recent years.
Development of lignin and corn-based renewable feedstock have also presented new growth avenues in the industry. Increasing awareness regarding resource conservation and the implementation of stringent sustainability standards has positively impacted green materials demand, encouraging manufacturers to integrate such raw materials into their products.
Technological advancements have fostered novel processing methods that conserve greater amount of resources while producing phenolics, compelling new entrants to invest high in capital funds to maintain competitive margins in the industry.
Novolac emerged as the dominant product segment, occupying nearly 50% of the volume share in 2015. These resins are increasingly being designed for use as hardeners or curing agents in epoxy applications to meet the demand for laminates, adhesives, molding materials, and coatings. The segment is expected to grow at around 5.2% CAGR from 2016 to 2025.