Phenolic Resins Market Update, Analysis, Forecast, 2019 – 2025

1
Phenolic Resins Market 2019 to 2025, key industry
players growth trends
2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2
Global Market Scenario of Phenolic Resins
Industry

• Growing transportation business across the globe
  will drive the rubber processing industry growth
  which will in turn, accelerate phenolic resins
  market growth in near future. On account of
  increasing business activities and regional
  trade, transportation industry shall reap
  substantial benefits in the coming years.
• Moreover, product is highly used in wood
  adhesives and rapidly growing wood adhesive
  demand in construction industry will drive the
  phenolic resins market size over the forecast
  period. Construction industry growth will be
  majorly driven by regions such as Asia Pacific
  and Middle East Africa, owing to their
  increasing population and exponentially growing
  real estate construction business in the
  region.
• Middle East construction industry will be driven
  by the factors such as higher market demands due
  to demographics, stronger support by the State
  and moderate increase in oil prices. This will
  ultimately drive product demand during the
  forecast timeframe.
• Phenolic Resins Market size will be driven by
  increasing transportation industry across the
  globe. Phenolic resins are used for rubber
  processing due to their properties such as high
  thermal resistance, strength and fire-resistant
  properties.

2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3

• Regional Trends-
• North America accounted for a significant share
  in phenolic resins market in 2018. Steadily
  growing electrical electronics industry in the
  region has been fueling product demand from past
  few years and shall drive the market in the
  coming years.
• European market has witnessed moderate CAGR in
  past few years. Consumer good industry in the
  region created significant product demand in
  2018. High disposable income and luxurious
  lifestyle were the major attributes behind it.
• Asia pacific is likely to be the largest and
  fastest growing region in the phenolic resins
  market over the forecast timespan. This can be
  attributed to the high growth rate in end-use
  industries such as automotive, consumer goods,
  aerospace and construction. Asia Pacific was the
  largest producer of automotive with more than 60
  of global automotive production in the region in
  2018.
• According to the OICA, Chinas automotive
  production from 9,299,180 units in 2008 and grew
  to 27,809,196 in 2018. China alone was
  responsible for over 30 of global automotive
  production. This growing automotive production in
  the region is likely to help the phenolic resins
  market size to grow further in coming years.

2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4
Market Research Reports Key Analytical Components
Request for table of contents for this report
_at_https//bit.ly/2yKYwlb
20189Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5

• Competitive Trends
• Many multinational giants and regional players
  are operating in the phenolic resins. Many
  multinational companies in the market are
  shifting their production bases to the Asia
  Pacific owing to the low labor cost and
  availability of the raw material.
• Major players operating in the phenolic resins
  market share includes BASF SE Owens Corning
  Arclin Inc. Ashland Inc. DIC Corporation
  Olympic Panel Products Hexcel Corp. Arizona
  Chemical Company Kolon Industries Inc. Georgia
  Pacific Chemicals Sumitomo Bakelite Co. Ltd.
  Momentive Specialty Chemicals Hitachi Chemical,
  SI Group Inc. and Shandong Laiwu Runda New
  Material Co., Ltd.

2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
6
Latest Research Report On Phenolic Resins
Market_at_ https//bit.ly/2YTWNIL Request for
table of contents for this report
_at_https//bit.ly/2yKYwlb Inquire Before Buying
This Report_at_https//bit.ly/2MOP8Fi
2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
7
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2019 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com