Global phenolic resins market Comprehensive Study Explores Huge Growth in Future | Mitsui Chemicals, Inc., Hexion, BASF SE, SBHPP, Aica Kogyo Co., Ltd., SI Group

Objectives of the marketing research are kept in mind while preparing this phenolic resins market research report. You should use this market research report to acquire valuable market insights in a cost-effective way. Market segmentation study is carried out in terms of markets covered, geographic scope, years considered for the study, currency and pricing. A comprehensive market research has been conducted in this report which puts a light on the challenges, market structures, opportunities, driving forces, scope, and competitive landscape for your business. This report aids in achieving an extreme sense of evolving industry movements before the competitors.  Creative methods and research tools such as SWOT analysis, Pestle and Porter’s Five Forces analysis are employed to analyze the weakness, strength, shortcomings and opportunities present in the market.

Global phenolic resins market is expected to rise to an estimated value of USD 16.9 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The high growth of this market is due to rising demand for plastics which provides strength, high thermal resistance and fire-resistant properties.

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Phenolic resins, also known as phenol–formaldehyde resins are synthetic polymers which are produced from the reaction of phenol or substituted phenol with formaldehyde at high temperatures. They are hugely applicable in wood adhesives, molding compounds, and laminates. The resins provide the properties of excellent flame-retardant, showcase high tensile strength, high heat resistance and low toxicity.

Market Drivers:

  • Growing volatility in the production of phenolic resins is propelling the market growth
  • Growing demand from the construction and transportation industries is expected to further boost the market growth
  • Rising application of phenolic resins in nanotechnology acts as a market driver
  • Increasing demand of phenolic resins for decorative as well as industrial laminated is propelling the market growth

Market Restraints:

  • Volatility in crude oil prices is restricting the growth of this market
  • Environmental regulations regarding formaldehyde emissions also hampers the market growth
  • Huge investments are required to modify production processes which can also restrict the growth of this market

Leading competitors currently working in the global phenolic resins market are Mitsui Chemicals, Inc., Hexion, BASF SE, SBHPP, Aica Kogyo Co., Ltd., SI Group, Inc., LERG SA., Shengquan Group, UCP Chemicals AG, Tongcheng-Elong, SHANDONG LAIWU RUNDA NEW MATERIAL CO.,LTD, ALLNEX NETHERLANDS B.V., Plenco, Metadynea International, Kolon Industries Inc., Georgia-Pacific Chemicals LLC, Prefere Resins Holding GmbH, Chang Chun Group among others.

Industry Advancements

  • In March 2019, Hexion Inc. introduced a range of new products for automotive, aerospace, wind energy, and construction applications at JEC World 2019 so that they meet the demand for lightweight, fire resistance and high performance composites
  • In January 2019, Mitsui Chemicals started production for alpha-methyl styrene which will be a by-product at the time of phenol production. It will help the company to extend its arms in the global supply

Highlights following key factors:

  • :- Business description – A detailed description of the company’s operations and business divisions.
  • :- Corporate strategy – Analyst’s summarization of the company’s business strategy.
  • :- SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats (SWOT).
  • :- Company history – Progression of key events associated with the company.
  • :- Major products and services – A list of major products, services and brands of the company.
  • :- Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the, Phenolic Resins Market. Another major aspect, price, which plays an important part in the revenue generation, is also assessed in this section for the various regions.

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Segmentation: Global Phenolic Resins Market

By Product

  • Novolac
  • Resole
  • Modified

By Application

  • Adhesives
  • Insulation
  • Molding Compounds
  • Lamination
  • Paper Impregnation
  • Coatings
  • Others

By End-Use

  • Automobiles
  • Electric and Electronics
  • Furniture
  • Construction
  • Others

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

Total Chapters in Phenolic Resins Market Report are:

  • Chapter 1 Overview of Phenolic Resins Market
  • Chapter 2 Global Market Status and Forecast by Regions
  • Chapter 3 Global Market Status and Forecast by Types
  • Chapter 4 Global Market Status and Forecast by Downstream Industry
  • Chapter 5 North America Market Status by Countries, Type, Manufacturers and Downstream Industry
  • Chapter 6 Europe Market Status by Countries, Type, Manufacturers and Downstream Industry
  • Chapter 7Asia Pacific Market Status by Countries, Type, Manufacturers and Downstream Industry
  • Chapter 8Latin America Market Status by Countries, Type, Manufacturers and Downstream Industry
  • Chapter 9 Middle East and Africa Market Status by Countries, Type, Manufacturers and Downstream Industry
  • Chapter 10 Market Driving Factor Analysis of Low End Servers
  • Chapter 11, Phenolic Resins Market Competition Status by Major Manufacturers
  • Chapter 12, Phenolic Resins Market Major Manufacturers Introduction and Market Data
  • Chapter 13 Upstream and Downstream Market Analysis of, Phenolic Resins Market
  • Chapter 14 Cost and Gross Margin Analysis of Phenolic Resins Market

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Competitive Analysis: Global phenolic resins market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of phenolic resins market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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