Market Research Report
Phenolic Resins - Global Market Outlook (2016-2022)
|Published by||Stratistics Market Research Consulting||Product code||521545|
|Published||Content info||152 Pages
Delivery time: 2-3 business days
|Phenolic Resins - Global Market Outlook (2016-2022)|
|Published: March 1, 2017||Content info: 152 Pages||
According to Stratistics MRC, the Global Phenolic Resins Market is accounted for $10.82 billion in 2016 and is expected to reach $16.05 billion by 2022 growing at a CAGR of 6.7% from 2016 to 2022. Rising requirement for phenolic resins in tire industry, flourishing automotive industry in Asia Pacific region and advanced properties of phenolic resins are some of the drivers that are influencing the market growth. Furthermore, rising requirement for light weight fuel efficient vehicles and espousal of nanotechnology are some trends providing immense growth opportunity for the market. However, stringent environmental regulations will hamper the market during the forecast period.
Automotive is the fastest and the largest growing segment in phenolic resins market owing to increasing number of automobile sales across the globe. Asia Pacific is anticipated to emerge as the fastest growing region due to increasing number of end user industries and growing knowledge on low cost benefits of the product with varied applications.
Some of the key players in this market include Fenolit D.D. , Shandong Laiwu Runda New Material Co., Ltd., DIC Corporation, BASF SE, Hitachi Chemical Co., Ltd., Dujodwala Paper Chemicals Ltd., Kolon Industries, Inc., SI Group, Inc., Sumitomo Bakelite Co., Ltd., Hexion Inc., Sprea Misr, Saluc SA, Aica Kogyo Co., Ltd., Red Avenue Group Co., Ltd., Chang Chun Plastics Co., Ltd., Mitsui Chemicals, Inc., Georgia-Pacific Chemicals LLC, Shengquan Group, Mansoura for Resins & Chemical Industries Co. and Lerg SA.
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Note: Tables for North America, Europe, APAC and RoW Regions are also represented in the same manner as above.