Phenolic Resins Market Overview:
Phenolic resins are synthetic polymers which are formed by step-growth polymerization. They are known for their outstanding heat resistance and belong to the category of thermo set resins. Phenolic resins find their application in a myriad of industrial products. Phenolic resins are used in molding, insulation, laminated veneer lumber, laminates, sand binders, coatings, foams, abrasives and others. They are widely used as wood adhesives owing to high bonding strength, heat resistance, excellent water resistance and chemical stability.
Growing demand of these applications has increased the production of phenolic resins to meet the current market demand. Also, phenolic resins are used in flame retardant which is very crucial for automobiles and aircrafts. Owing to these factors, the global phenolic resins market is expecting a potential demand.
Phenolic Resins are used in flame retardant which is very crucial for automobiles and aircrafts. Owing to these factors, the global phenolic resins market is expecting a potential demand.
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Phenolic Resins Market Key Players:
The leading market players in the global phenolic resins market primarily include Hitachi Chemical, Kolon Industries, BASF, Mitsui Chemicals, DIC Corporation, SI Group, Georgia Pacific Chemicals, Sumitomo Bakelite and others.
Phenolic Resins Market Segmentation:
Phenolic resins market has been segmented based on types and applications. By types, the market has been segmented into novolacs and resoles and by applications, the market has been segmented into automobiles, construction, wood adhesives, laminates, molding and others.
The ongoing market trends of phenolic resins market and the key factors impacting the growth prospects are elucidated. With increase in the trend, the factors affecting the trend are mentioned with perfect reasons. Top manufactures, price, revenue, market share is explained to give a depth of idea on the competitive side.
Each and every segment type and their sub types are well elaborated to give a better idea about this market during the forecast period of 2018 to 2023 respectively.
Phenolic Resins Market Regional Analysis:
The North America market for phenolic resins is estimated to propel owing to increased industrial activity, rebounding housing activities, and developing applications of phenolic resins in the motor vehicle market in the region. Asia-pacific market for phenolic resins is expected to grow considerably during the forecast period owing to ongoing industrialization and rapid constructional and infrastructural activities in developing economies.
Phenolic Resins Market Competitive Landscape:
The global market for phenolic resins is highly competitive and fragmented with a large number of players operating in the industry. Hitachi Chemical, BASF, DIC Corporation, Georgia Pacific Chemicals, Kolon Industries, Mitsui Chemicals, SI Group, Georgia Pacific Chemicals, Sumitomo Bakelite and others.
Phenolic Resins Market Table of Content to be Continue……,
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