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Global Phenolic Resins Market to Reach US$13.3 bn by 2019 due to Rising Demand for Synthetic Resins from Automotive Industry

Posted on Feb 22, 2016

Transparency Market Research has recently published an insightful research report that studies the global phenolic resins market in absolute detail. The research report, titled “Phenolic Resins Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” offers a clear perspective on the global phenolic resins market. The research report has been studied keeping in mind the political, economic, technological, social, environmental, and legal aspects of the market. The research report on the global phenolic resins market has been compiled using primary and secondary data. The report also emphasizes on the key elements impacting the trajectory of the global phenolic resins market with the help of SWOT and Porter’s five forces analyses.

Browse the full 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 report at https://www.transparencymarketresearch.com/phenolic-resins-market.html

Phenolic resins are synthetic resins that are a result of a reaction between formaldehyde and phenol under heat. These resins are known to a have a high tensile strength, high moldability, low toxicity of smoke, and light weight, which makes them a perfect choice for making insulation, wood adhesives, rubber, molding compounds, and laminates, among others. Furthermore, phenolic resins are also used for mass transit and off-shore oil drilling, as they possess the aforementioned beneficial chemical and physical properties. These factors are fueling the demand for phenolic resins in the global market. According to the research report, the global phenolic resins market was valued at US$9.2 bn in 2013 and is expected to reach US$13.3 bn by the end of 2019, expanding at a CAGR of 5.6% from 2013 to 2019. The prime growth driver for the global phenolic resins market will be the high demand for synthetic resins in the flourishing automotive industry.

The global phenolic resins market has been segmented on the basis of product, application, and geography. On the basis of product, this market is segmented into resol resins, novolac resins, and others. Depending on the application, the global phenolic resins market is segmented into wood adhesives, laminates, molding compounds, insulation, and others. Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World.

Out of all the products, resol resins held a market share of more than 48% in the global phenolic resins market in 2012. Research indicates that the demand for novolac resins is a result of the growing demand for laminates and molded composites.

Some of the important players in the global phenolic resins market are Mitsui Chemicals Inc., BASF SE, Georgia Pacific Chemicals LLC, Sumitomo Baketile, and Chang Chun Plastics Co. Ltd. among others. The research report profiles these players in order to put forth a fair picture of the competitive landscape of the global phenolic resins market. Furthermore, the research report also gives an analysis of the financial overview, research and development activities, investment outlook, product portfolio, and business and marketing strategies of the key players.

Phenolic Resins Market: Product Segment Analysis

  • Resol resins
  • Novolac resins
  • Others

Phenolic Resins Market: Application Analysis

  • Wood-adhesives
  • Molding compounds
  • Laminates
  • Insulation
  • Others

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

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