Market Research Reports

Phenolic Resins Market (Resol, Novolac and Others) for Wood-adhesives, Molding Compounds, Laminates, Insulation and Other Applications - Global Industry Analysis, Size, Share, Growth,Trends and Forecast, 2013 - 2019

90pages
Published Date: 2014-04-23
 

Description


The report analyses the phenolic resins market. For an insightful understanding, analysis and forecast have been provided for the time period ranging from 2013 to 2019. The forecasts are on the basis of volume (kilo tons) and revenue (USD million) for both global and regional level. In-depth analysis of the various factors driving and restraining growth of the phenolic resins industry has been included. A thorough analysis of the prevailing and expected growth opportunities in the industry has been included for decision-making.

The value chain analysis comprises of a detailed evaluation of the roles of various entities involved in the phenolic resins industry from raw material suppliers to the end users. In addition, Porter’s five forces model has been used to determine the degree of competition in the industry during the forecast period. Furthermore, market attractiveness analysis has been done to analyze which application segments are expected to be lucrative during the forecast period on the basis of their market size and growth rate.

The phenolic resins market has been segmented on the basis of product and application. The segments have been analyzed and forecast for a time period ranging from 2013 to 2019. The forecast is on the basis of volume (kilo tons) and revenue (USD million) for both regional and global level based on current and expected trends of the industry. Geographically, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW), and the demand has been analyzed and forecast based on current trends for a period of six years, ranging from 2013 to 2019.

The report also covers profiles of the leading companies in the phenolic resins industry. A detailed analysis of the market shares of the major players has been included. Company profiles of companies such as BASF SE, Georgia Pacific Chemicals LLC, Chang Chun Plastics Co. Ltd., Sumitomo Bakelite, Mitsui Chemicals Inc., and certain other companies has been included. The company profile encompasses various attributes of the companies including company overview, financial overview, SWOT analysis, business strategies and recent developments. The market has been segmented as below:

Phenolic Resins Market: Product Segment Analysis
  • Resol resins
  • Novolac resins
  • Others (Bio-phenolic resins, cresol novolac, formaldehyde-free phenolic resins etc.)
Phenolic Resins Market: Application Analysis
  • Wood-adhesives
  • Molding compounds
  • Laminates
  • Insulation
  • Others (Abrasives, friction materials, etc.)
The report provides a cross-sectional analysis of the above product and applications segments with respect to the following regions:
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Table of Contents


Table of Content

Chapter 1 Preface
1.1 Research description
1.2 Market segmentation
      1.2.1 Global phenolic resins market segmentation, product segment, application and region
1.3 Research scope
1.4 Research methodology
      1.4.1 Assumptions
      1.4.2 Abbreviations

Chapter 2 Executive Summary
2.1 Global phenolic resins market, 2012 – 2019 (Kilo Tons) (USD Million)

Chapter 3 Global Phenolic Resins - Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
      3.3.1 Growing automotive industry
      3.3.2 Demand for tires
3.4 Market restraints
      3.4.1 Volatility in crude oil prices
      3.4.2 Environmental regulations
3.5 Market opportunities
      3.5.1 New applications development through nanotechnology
      3.5.2 Growing construction industry in the US
3.6 Porter’s five forces analysis
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat of new entrants
      3.6.4 Threat from substitutes
      3.6.5 Degree of competition
3.7 Phenolic resins: Market attractiveness analysis
      3.7.1 Global phenolic resins: Market attractiveness analysis
3.8 Phenolic resins: Company market share analysis
      3.8.1 Global phenolic resins: Company market share analysis, 2012

Chapter 4 Phenolic Resins Market – Product Segment Analysis
4.1 Global phenolic resins market: Product segment overview
      4.1.1 Global phenolic resins market share, by product segment, 2012 & 2019
4.2 Resol resins
      4.2.1 Global market estimates and forecast for resol resins, 2012 – 2019 (Kilo Tons) (USD Million)
4.3 Novolac resins
      4.3.1 Global market estimates and forecast for novolac resins, 2012 – 2019 (Kilo Tons) (USD Million)
4.4 Others
      4.4.1 Global market estimates and forecast for other phenolic resins, 2012 – 2019 (Kilo Tons) (USD Million)

Chapter 5 Phenolic Resins Market - Application Analysis
5.1 Global phenolic resins market: Application overview
      5.1.1 Global phenolic resins market revenue share, by application, 2012 & 2019
5.2 Wood-adhesives
      5.2.1 Global phenolic resins demand for woodadhesives market, 2012 - 2019, (Kilo Tons)(USD Million)
5.3 Molding compounds
      5.3.1 Global phenolic resins demand for molding compounds market, 2012 - 2019 (Kilo Tons) (USD Million)
5.4 Laminates
      5.4.1 Global phenolic resins demand for laminates market, 2012 - 2019 (Kilo Tons) (USD Million)
5.5 Insulation
      5.5.1 Global phenolic resins demand for insulation market, 2012 - 2019 (Kilo Tons) (USD Million)
5.6 Others (friction materials, abrasives, rubber-adhesives, general adhesives coatings etc.)
      5.6.1 Global phenolic resins plastics demand for other applications, 2012 - 2019 (Kilo Tons)(USD Million)

Chapter 6 Phenolic Resins Market - Regional Analysis
6.1 Global phenolic resins market: Regional overview
      6.1.1 Global phenolic resins market share, by region, 2012 & 2019
6.2 North America
      6.2.1 North America phenolic resins market volumes, by product segment, 2012 - 2019 (Kilo Tons)
      6.2.2 North America phenolic resins market revenues, by product segment, 2012 - 2019 (USD Million)
      6.2.3 North America phenolic resins market volumes, by application, 2012 - 2019 (Kilo Tons)
      6.2.4 North America phenolic resins market revenues, by application, 2012 - 2019 (USD Million)
6.3 Europe
      6.3.1 Europe phenolic resins market volumes, by product segment, 2012 - 2019 (Kilo Tons)
      6.3.2 Europe phenolic resins market revenues, by product segment, 2012 - 2019 (USD Million)
      6.3.3 Europe phenolic resins market volumes, by application, 2012 - 2019 (Kilo Tons)
      6.3.4 Europe phenolic resins market revenues, by application, 2012 - 2019 (USD Million)
6.4 Asia Pacific
      6.4.1 Asia Pacific phenolic resins market volumes, by product segment, 2012 - 2019 (Kilo Tons)
      6.4.2 Asia Pacific phenolic resins market revenues, by product segment, 2012 - 2019 (USD Million)
      6.4.3 Asia Pacific phenolic resins market volumes, by application, 2012 - 2019 (Kilo Tons)
      6.4.4 Asia Pacific phenolic resins market revenues, by application, 2012 - 2019 (USD Million)
6.5 Rest of the World (RoW)
      6.5.1 RoW phenolic resins market volumes, by product segment, 2012 - 2019 (Kilo Tons)
      6.5.2 RoW phenolic resins market revenues, by product segment, 2012 - 2019 (USD Million)
      6.5.3 RoW phenolic resins market volumes, by application, 2012 - 2019 (Kilo Tons)
      6.5.4 RoW phenolic resins market revenues, by application, 2012 - 2019 (USD Million)

Chapter 7 Company Profiles
7.1 BASF SE
      7.1.1 Company overview
      7.1.2 Product portfolio
      7.1.3 Financial overview
      7.1.4 Business strategy
      7.1.5 SWOT analysis
      7.1.6 Recent developments
7.2 Chang Chun Plastics Co. Ltd.
      7.2.1 Company overview
      7.2.2 Product portfolio
      7.2.3 Business strategy
      7.2.4 SWOT analysis
      7.2.5 Recent developments
7.3 Georgia Pacific Chemicals LLC
      7.3.1 Company overview
      7.3.2 Product portfolio
      7.3.3 Business strategy
      7.3.4 SWOT analysis
      7.3.5 Recent developments
7.4 Kolon Industries Inc.
      7.4.1 Company overview
      7.4.2 Product portfolio
      7.4.3 Financial overview
      7.4.4 Business strategy
      7.4.5 SWOT analysis
      7.4.6 Recent developments
7.5 Prefere Resins
      7.5.1 Company overview
      7.5.2 Product portfolio
      7.5.3 Business strategies
      7.5.4 SWOT analysis
      7.5.5 Recent developments
7.6 Mitsui Chemicals Inc.
      7.6.1 Company overview
      7.6.2 Product Portfolio
      7.6.3 Financial overview
      7.6.4 Business strategy
      7.6.5 SWOT analysis
      7.6.6 Recent developments
7.7 Sumitomo Bakelite Co., Ltd
      7.7.1 Company overview
      7.7.2 Product portfolio
      7.7.3 Financial overview
      7.7.4 Business strategy
      7.7.5 SWOT analysis
      7.7.6 Recent development
7.8 Hitachi Chemical Co. Ltd.
      7.8.1 Company overview
      7.8.2 Product portfolio
      7.8.3 Financial overview
      7.8.4 Business strategy
      7.8.5 SWOT analysis
      7.8.6 Recent development
7.9 SI Group, Inc.
      7.9.1 Company overview
      7.9.2 Product portfolio
      7.9.3 Business strategy
      7.9.4 SWOT analysis
      7.9.5 Recent development
7.10 Momentive Specialty Chemicals, Inc.
      7.10.1 Company overview
      7.10.2 Product portfolio
      7.10.3 Financial overview
      7.10.4 Business strategy
      7.10.5 SWOT analysis
      7.10.6 Recent development

List of Figures

FIG. 1 Global phenolic resins market segmentation, product, application and region
FIG. 2 Global phenolic resins market, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 3 Phenolic resins: Value chain analysis
FIG. 4 Globalcars and commercial vehicles production (2009-2013)
FIG. 5 Two-wheeler production in India and China, 2012-2019
FIG. 6 Global crude oil price trend, July 2008– July 2013 (USD/barrel)
FIG. 7 Residential and Non-residential construction spendingin the US(USD Billion)
FIG. 8 Porter’s five forces analysis
FIG. 9 Phenolic resins: Market attractiveness analysis
FIG. 10 Global phenolic resins: Company market share analysis, 2012
FIG. 11 Global phenolic resins market share, by product segment, 2012 & 2019
FIG. 12 Global market estimates and forecast for resol resins, 2012 - 2019 (Kilo Tons) (USD Million)
FIG. 13 Global market estimates and forecast for novolac resins, 2012-2019 (Kilo Tons) (USD Million)
FIG. 14 Global market estimates and forecast for other phenolic resins, 2012-2019 (Kilo Tons) (USD Million)
FIG. 15 Global phenolic resins plastics market share, by application, 2012 & 2019
FIG. 16 Global phenolic resins demand for woodadhesives market, 2012 - 2019, (Kilo Tons)(USD Million)
FIG. 17 Global phenolic resins demand for molding compounds market, 2012 - 2019 (Kilo Tons) (USD Million)
FIG. 18 Global phenolic resins demand for laminates market, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 19 Global phenolic resins demand for insulation market, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 20 Global phenolic resins demand for other applications, 2012 – 2019 (Kilo Tons)(USD Million)
FIG. 21 Global phenolic resins market share by region, 2012 & 2019

List of Tables

TABLE 1 Global phenolic resins market snapshot
TABLE 3 Drivers for the phenolic resins market: Impact analysis
TABLE 4 Restraints for the phenolic resins market: Impact Analysis
TABLE 5 Restraints for phenolic resins market: Environmental regulations
TABLE 6 North America phenolic resins market volumes, by product segment, 2012 - 2019 (Kilo Tons)
TABLE 7 North America phenolic resins market revenues, by product segment, 2012 - 2019 (USD Million)
TABLE 8 North America phenolic resins market volumes, by application, 2012 - 2019 (Kilo Tons)
TABLE 9 North America phenolic resins market revenues, by application, 2012 - 2019 (USD Million)
TABLE 10 Europe phenolic resins market volumes, by product segment, 2012 - 2019 (Kilo Tons)
TABLE 11 Europe phenolic resins market revenues, by product segment, 2011 - 2019 (USD Million)
TABLE 12 Europe phenolic resins market volumes, by application, 2012 - 2019 (Kilo Tons)
TABLE 13 Europe phenolic resins market revenues, by application, 2012 - 2019 (USD Million)
TABLE 14 Asia Pacific phenolic resins market volumes, by product segment, 2012 - 2019 (Kilo Tons)
TABLE 15 Asia Pacific phenolic resins revenues, by product segment, 2012 - 2019 (USD Million)
TABLE 16 Asia Pacific phenolic resins volumes, by application, 2012 - 2019 (Kilo Tons)
TABLE 17 Asia Pacific phenolic resins market revenues, by application, 2012 - 2019 (USD Million)
TABLE 18 RoW phenolic resins volumes, by product segment, 2012 - 2019 (Kilo Tons)
TABLE 19 RoW phenolic resins market revenues, by product segment, 2012 - 2019 (USD Million)
TABLE 20 RoW phenolic resins market volumes, by application ,2012 - 2019 (Kilo Tons)
TABLE 21 RoW phenolic resins market revenues, by application, 2012 - 2019 (USD Million)

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Free Market Analysis


Phenolic resins are essentially synthetic polymers formed by the reaction of phenol and formaldehyde under the influence of heat. Phenolic resins have several desirable physical properties such as high heat resistance, high tensile strength, good moldability, light weight and low toxicity of smoke. Phenolic resins are employed in a variety of applications such as wood-adhesives, laminates, molding compounds, rubber, and insulation among others. Owing to the favorable physical and chemical properties, phenolic resins have found application in niche segments such as mass-transit, and off-shore oil drilling, which requires materials with high heat resistance.

 On the basis of product type, phenolic resins can be segmented into resol resins, novolac resins and others. Resol resins are manufactured under basic conditions with excess formaldehyde, while novolac resins are manufactured under acidic conditions with excess phenol. North America, Asia Pacific and Europe are the main markets for phenolic resins and account for over 90% of the total demand for phenolic resins.

Resol resin was the largest product segment for phenolic resins in 2012 with a global market share of over 48%. A Novolac resin also accounted for a significant proportion of the global demand and is the fastest growing product segment, deriving demand from the growing molded composites market as well as the laminates market. The applications of phenolic resins have become specialized over the years due to the emergence of other color stable thermostats such as PVS and melamine, and are often custom manufactured to suit the end application.

Wood-adhesive was the largest application segment for phenolic resins and is expected continue in that position in the foreseeable future. The remarkable growth in the building and construction industry in the Asia Pacific and improving scenario in North America has propelled the demand for wood adhesive. Laminates, however, is expected to be the fastest growing application for phenolic resins, owing to the demand for decorative laminates and industrial laminates world-wide. Molding compounds is another application which is expected to register high growth with the increase in application scope. Use of phenolic molding compounds in automotive, marine and off-shore applications has contributed to the growth in this segment. The incremental usage of phenolic molding compounds in automotives in order to reduce fuel consumption and vehicle mass is a driver for phenolic molding compounds.

In 2012, Asia Pacific had the highest demand for phenolic resins followed by North America. These two geographies cumulatively accounted for more than 65% of the global demand. Asia Pacific is host to several manufacturing countries such as China and India. Moreover the rising dispensable income of the region has attributed to the consumption of phenolic resins through various end-industries. Rest of the World regions are expected to grow at the swiftest pace, primarily owing to the high growth opportunity of the applications in this region.

The phenolic resins industry is highly fragmented and dominated by regional players. Some of the major global players include BASF SE, Mitsui Chemicals Inc., Sumitomo Bakelite Co., Ltd., and Georgia Pacific Chemicals LLC among many others. There are several medium sized players in the regional markets.

Growth and expansion initiatives have been undertaken by various companies to thrive in the market. BASF SE expanded its production capacity by 50% at the Ludwigshafen manufacturing facility in order to cater to the high growth tire market. Georgia Pacific Chemicals LLC and Kolon Industries Inc, expressed their intent to invest in new production facilities of phenolic resins, while Hitachi Chemicals invested in a new plant in Thailand in anticipation of demand growth from the automotive sector.

global-phenolic-resins-market-share-by-product-segment-2012-and-2019

 

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