Europe Phenolic Resin Market Size By Type(Novolac Resin, Resol Resin), By Application(Building & Construction, Electrical & Electronics, Automotive), By Country And Forecast
Europe Phenolic Resin Market Size By Type(Novolac Resin, Resol Resin), By Application(Building & Construction, Electrical & Electronics, Automotive), By Country And Forecast
Published Date: July - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Europe Phenolic Resin Market size was valued at USD 457.4 Million in 2024 and is projected to reach USD 615.48 Million by 2031, growing at a CAGR of 4.17% during the forecast period 2024-2031.
Growth in the construction sector, manufacturing sector, the trend towards urbanization, and increasing spending on the construction industry in the European region are some of the key factors that are driving the growth of the industry.The Europe report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Europe Phenolic Resin Market Definition
Phenolic resins are synthetic polymers formed by reacting phenol with formaldehyde; it is also known as phenol-formaldehyde resins. It contains good chemical and physical properties such as high mechanical strength, good heat resistance, low toxicity, and low smoke formation. Rising government regulations and policies to promote the adoption of the insulation materials is one of the factors, which is anticipated to offer the key opportunities for the vendors over the forecast period.
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Europe Phenolic Resin Market Overview
Growth in the construction sector, manufacturing sector, the trend towards urbanization, and increasing spending on the construction industry in the European region are some of the key factors that are driving the growth of the industry. There are various types of regulations concerning energy-efficient buildings have been introduced in the European region, which is further promoting the growth of phenolic insulation in the European region.
We're seeing a lot of movement in the insulation market! One big reason? Governments are pushing for more insulation with new rules and policies. This creates great opportunities for companies that sell insulation in the coming years. Especially in Europe, where they're taking energy efficiency seriously – spurred on by EU laws. The industry is doubling down on innovation to meet those rising insulation demands. Materials like phenolic insulation are making a real difference in how much energy buildings save. It's a major player in the buildings and construction game, often used for external walls and water pipe systems. Bottom lineall this effort to cut down on how much energy buildings use is a huge driver for market growth.
Sustainable construction and green building projects are on the rise in the European region. The demand of the clients is growing for green and sustainable construction. Phenolic foam insulation hurts the environment, as compared to the other insulation materials, that will ;limit the market growth across the forecast timeline.
Europe Phenolic Resin MarketSegmentation Analysis
The Europe Phenolic Resin Market is segmented on the basis of Type, Application and Geography
Europe Phenolic Resin Market, By Application
Building & Construction
Electrical & Electronics
Automotive
Others
To Get Summarized Market Report By Application-
When we look at Application, the market breaks down into areas like Building & Construction, Electrical & Electronics, Automotive, and, well, Others. What's really fueling the demand for wood adhesives is the booming construction industry. Phenolic resin is a big deal, especially as an adhesive. Think about itwithin the wood adhesives market, the Plywood segment in building and construction really dominates. This growth in construction keeps pushing the demand for wood adhesives up, which, in turn, is great for the phenolic resin market. All this activity is also expected to drive up demand for the service type segment as we look ahead.
Europe Phenolic Resin Market, By Type
Novolac Resin
Resol Resin
Others
To Get Summarized Market Report By Type-
Based on Type, the market is bifurcated into Novolac Resin, Resol Resin, and Others. Increasing demand for woodworking adhesives applications is one of the major factors expected to drive the demand for resol resins in the coming year. Resol resins are helpful for Plywood and furnishing applications as they form chemical bonds with the lignin component of wood, leading to the its major share across the end user segment across the forecast period.
Europe Phenolic Resin Market, By Geography
Germany
UK
France
Italy
Spain
Rest of Europe
To Get Summarized Market Report By Country-
Based on Country, the market is bifurcated into Germany, UK, France, Italy, Spain, and Rest of Europe. Germany is Europe’s largest automotive market in terms of sales and production accounting for 25% of all passenger car manufacturers and almost 20% of all new registrations. Germany also boasts the greatest concentration of OEM plants in Europe., leading to the its major share across the end user segment across the forecast period.
Key Players
The major players in the market are Allnex Belgium SA/NV, BI-QEMa, ERCROS, Fenolit d.d., FORESA, Teqtix, LERG S.A., Metadynea Austria GmbH, Prefere Resins, Sadepan Chimica Srl, SI Group, Sumitomo Bakelite Europe, Süd-West-Chemie GmbH, and UCP Chemicals AG, and Others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Allnex Belgium SA/NV, BI-QEMa, ERCROS, Fenolit d.d., FORESA, Teqtix, LERG S.A., Metadynea Austria GmbH, Prefere Resins, Sadepan Chimica Srl, SI Group, Sumitomo Bakelite Europe, Süd-West-Chemie GmbH, and UCP Chemicals AG, and Others.
SEGMENTS COVERED
By Type,By  Application and By Geography
CUSTOMIZATION SCOPE
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Research Methodology of Market Research
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Reasons to Purchase this Report
We've taken a deep dive into the market, looking at it from all angles – both the hard numbers and the less tangible things that influence it. You'll get the market value (in USD Billion) for every piece of the pie, and we'll point out which regions and segments are set to explode with growth and which ones are already leading the pack. Our analysis breaks down the product/service consumption by region, explaining the forces at play in each. We've mapped out the competitive scene, ranking the big players and detailing their recent moves – new product launches, partnerships, expansions, and acquisitions – over the last five years. We provide detailed profiles of the key companies, including an overview, unique insights, product comparisons, and a SWOT analysis. You'll also get our take on where the industry is headed, considering the latest developments, growth opportunities, and the hurdles in both emerging and developed areas. We've even used Porter's five forces to give you a comprehensive view of the market, and we've mapped out the Value Chain to show you how it all connects. Expect a dynamic view of the market, outlining the growth potential in the years ahead. Plus, we offer 6 months of post-sales analyst support to help you make the most of the data.
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