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.

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 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)

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

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

Request Customization

Phenolic Resins Market