Title: Phenolic Resins Market 2020 |Global Industry Analysis by Trend & Growth Forecast 2025
1Phenolic Resins Market
- Size 2019, by Type (Novolac Resin, Resol Resin,
Others), by Application (Wood Adhesives,
Insulation, Molding, Laminates, Paper
Impregnation, Coatings, Others) by End User
(Building construction, Automotive, Electrical
electronics, Furniture, Others), by Region and
Forecast to 2025
Single Use License US 4400
Request Sample
2Global Phenolic Resins Market Size and
Share-Global Forecast to 2025
- The global phenolic resin market is projected to
be valued at USD 16.60 billion by 2025, rising
with CAGR of 5.2 over the forecast period. Large
number of applications of phenolic resins in
automotive, building construction, and
electronics segments is projected to augment the
market growth over the forecast period.The global
anti-aging products market size is estimated to
reach up to USD 257.9 billion by 2025 mainly
driven by rising awareness, demand and adoption
from growing baby boomers and generation X
population across the globe. However, the
anti-aging products are costly compared to other
beauty products which is a primary restraining
factor in the growth of the anti-aging products
market. In addition, the presence of counterfeit
products and the use of harmful ingredients in
developing anti-aging products has negatively
affected the growth of the anti-aging products
market. - Adroit Market Research recently released a
research study on the global phenolic resins
market. The global demand for phenolic resin has
been analyzed for historical years from 2015 to
2018, with a projected base year as 2019 and
projection from 2020 to 2025. The study covers
both the current status and future market trends
at the global and country level. The report also
assesses market competitiveness with Porter's
review of the five powers and places leading
players based on their product portfolio,
regional reach, strategic initiatives, and total
sales. Prominent players operating on the global
market for composite resin have been analyzed in
depth.
3Global Phenolic Resins Market Size and
Share-Global Forecast to 2025
- Phenolic resins are synthetic thermosetting
resins. Due to its functional properties,
phenolic resins are considered one of the most
versatile resins. Phenolic resins are used with
various base materials. They are used as binders,
adhesives and binding agents. These resins are
mixed, coated or impregnated with the base
material that is then heat-curated. - They're available primarily in two groups, namely
novolacs and resolutions. In addition to high
chemical and water stability, phenolic resins
exhibit very high thermal stability up to 300-350
oC. Because of their flexibility and excellent
price to performance profile, phenolic resins are
widely used across diverse end-use industries.
Phenolic resins are ideal for applications where
high heat resistance, dimensional stability, and
chemical resistance are needed. They are widely
used in coatings, composites, adhesives and
molded parts. In general, the high flexibility of
the phenolic resin application is expected to
increase market growth over the forecast period. - The global market for phenolic resins is divided
by type, application, and end-use. Type-based,
the global demand for phenolic resins is divided
into novolac resins, resolving resins among
others. Novolac resin is expected to see
significant growth in the coming years. The
growing use of novolac resin for oil filter
papers is expected to fuel demand for the resin
in the automotive market. Additionally, novolac
resins are commonly used in protective coatings
in the building and construction segment.
4Global Phenolic Resins Market Size and
Share-Global Forecast to 2025
- The wood adhesives have emerged as the primary
application of phenolic resins by application.
Wood adhesives are commonly used in the
manufacture of furniture, luxury goods, and
construction. Phenolic resins are commonly used
for plywoods and lumber. Growth in consumer
spending on luxury furniture purchases and
overall growth in the construction sector is
rising demand for wood adhesives. - Due to the rapid growth of the region's end-use
segments, Asia Pacific is expected to dominate
the global market for phenolic resins over the
forecast period. The burgeoning automotive
industry is expected to be one of the main growth
drivers for phenolic resins in many Asia Pacific
countries. Phenolic resins are used for
applications with friction materials such as
brakes and clutch facings. - Major players in the global phenolic resin market
include Ashland Inc., Hexcel Corp, Olympic Panel
Products LLC, Georgia Pacific Chemicals, Arclin
Inc., DIC Corp., Sumitomo Bakelite, Arizona
Chemical Co. LLC, Momentive Specialty Chemicals,
Kolon Industries Inc., Hexion among others.
Increasing geographic reach is one of the main
approaches players are taking to broaden their
customer base.
5Global Phenolic Resins Market Size and
Share-Global Forecast to 2025
- Key segments of the global phenolic resins market
- Type Overview, 2015-2025 (Kilo Tons) (USD
Million) - Novolac resin
- Resol resin
- Liquid resol resin
- Solid resol resin
- Others
- Application Overview, 2015-2025 (Kilo Tons) (USD
Million) - Wood adhesives
- Insulation
- Molding
- Laminates
- Paper impregnation
- Coatings
- Others
6Global Phenolic Resins Market Size and
Share-Global Forecast to 2025
- End-user Overview, 2015-2025 (Kilo Tons) (USD
Million) - Building construction
- Automotive
- Electrical electronics
- Furniture
- Others
7Global Phenolic Resins Market Size and
Share-Global Forecast to 2025
- Regional Overview, 2015-2025 (Kilo Tons) (USD
Million) - North America
- US
- Canada
- Europe
- Germany
- United Kingdom
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East Africa
8About Us
- Adroit Market Research is an India-based business
analytics and consulting company. Our target
audience is a wide range of corporations,
manufacturing companies, product/technology
development institutions and industry
associations that require understanding of a
markets size, key trends, participants and
future outlook of an industry. We intend to
become our clients knowledge partner and provide
them with valuable market insights to help create
opportunities that increase their revenues. We
follow a code Explore, Learn and Transform. At
our core, we are curious people who love to
identify and understand industry patterns, create
an insightful study around our findings and churn
out money-making roadmaps. Our analysts have
tracked high growth markets in chemicals
materials, healthcare pharmaceuticals,
semiconductor electronics, energy power, food
retail, consumer goods, technology, and
machinery equipment sectors across the world to
identify new opportunities, potential customers,
prepare go-to-market (GTM) strategies, identify
segments for revenue growth for companies, and
many more.
- US Headquarters3131 McKinney Ave Ste 600
Dallas, TX 75204 ,U.S.A
- Phone 1 (214) 884-6068
- Email sales_at_adroitmarketresearch.com