Global Phenolic Resin Market is projected to reach USD 16.10 Billion by 2027, at a CAGR of over 5% during the forecast period due to increasing demand from the tire industry. Based on type, the market has been categorised into resol resin, novolac resin, and others. The Resol resin is expected to lead the global phenolic resin market during 2022-2027, followed by novolac resin due to its rising use in the wood adhesives application. And its various properties like high flexibility, heat resistance, mechanical strength excellent friction properties. Based on applications, the global phenolic resin market is classified into wood adhesives, Molding, laminates, foundry, insulation, and others. In 2021, the wood adhesives application dominated the market due to growing construction industry whereas the Molding application is also expected to grow at the highest CAGR during forecast period. Some of the leading players in the market are Sumitomo Bakelite Co. Ltd., DIC Corporation, BASF SE, among others.
Some of the leading players in the Global Phenolic Resin Market are DIC Corporation, Hexion Inc., Sumitomo Bakelite Co. Ltd., Hubergroup, Shandong Laiwu Runda New Material Co., Ltd., BASF SE, Changshu South-East Plastic Co. Ltd., Hitachi Chemical Co. Ltd., SI Group, Inc, Jinan Shengquan Group Share Holding Co., Ltd, Kolon Industries, Inc. Inabata & Co Ltd etc.
Objective of the Study
- To analyse and forecast the market size of Phenolic
Resin Market, in terms of value and volume.
- To classify and forecast Global Phenolic Resin
Market based on type, application, end-use industry and regional
distribution.
- To identify drivers and challenges for Global Phenolic
Resin Market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Global
Phenolic Resin Market.
- To conduct the pricing analysis for Phenolic
Resin Market.
- To identify and analyse the profile of leading
players involved in the manufacturing of Global Phenolic Resin Market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the suppliers which could not be identified due to the limitations of secondary research. Market Insights Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.
Market Insights Research calculated the market size of Global
Key Target Audience
- Phenolic Resin Manufacturers
- Traders, Distributors, and
Suppliers
- Raw Material Suppliers
- Industry associations and
experts
- Research organizations and
consulting companies.
- Research Institutes
- Industry associations
- Market research and
consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in
Units and CAGR for 2017-2021 and 2022E-2027F
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Report coverage
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Revenue forecast, volume forecast, company share,
competitive landscape, growth factors, and trends
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Segments covered
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- Feestock
- Type
- Application
- End Use Industry
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Regional scope
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North America; Europe; Asia Pacific; South America;
Middle East & Africa
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Country scope
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United States, Mexico, Canada, China,
India, Japan, South Korea, Australia; Singapore, Malaysia, Germany, France,
United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Qatar, Brazil,
Argentina, Colombia
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Key companies profiled
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DIC Corporation, Hexion Inc., Sumitomo Bakelite Co.
Ltd., Shandong Laiwu Runda New Material Co., Ltd., Hubergroup, BASF SE,
Changshu South-East Plastic Co. Ltd., Hitachi Chemical Co. Ltd., SI Group,
Inc, Inabata & Co Ltd., Kolon Industries, Inc.
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Customization scope
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10% free report customization with
purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact
research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request)
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