Phenolic Resin Market Growth, Trends, Forecasts (2019 - 2025)
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Phenolic Resin Market Overview The Phenolic Resin market is expected to grow from USD 14.13 billion in 2019 to USD 19.60 billion by 2025 at a CAGR of 5.6% from 2019 to 2025.
Phenolic resins, also known as phenol–formaldehyde resins, are synthetic polymers that are formed from the reaction of phenol or substituted phenol with formaldehyde at high temperatures. These are broadly used in wood adhesives, molding compounds, and laminates. The resins are flame-retardant, validate high heat resistance, high tensile strength, and low toxicity, and generate low smoke. These resins have good chemical and physical properties like high mechanical strength, good heat resistance, low toxicity, and low smoke formation. These characteristics of resins have subsidized to the development of market. It is confidential further into novolacs and resolves that have high temperature and chemical stability. Phenolic resins are used in manufacturing circuit boards and the wide range of molded products such as billiard balls, laboratory countertops, as well as in coatings and adhesives. Developing trends, which have a direct impact on the dynamics of the phenolic resin industry, contain the development of bio-based phenolic resin, and upgraded penetration of phenolic resin in applications where fire, smoke, and toxicity properties are required. View Complete Report @ https://marketreportslibrary.com/report/cm0385/phenolic-resin-market Email ID: sales@marketreportslibrary.com Call: +91 9403972578
Phenolic Resin Market Key Players The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. Major industry players with significant revenue share include Hexion Inc. (US), Hitachi Chemical Co. Ltd. (Japan), Sumitomo Bakelite Co. Ltd. (Japan), BASF SE (Germany), SI Group Inc. (US), DIC Corporation Inc. (Japan), Kolon Industries Inc. (South Korea), Shandong Laiwu new material Co. Ltd (China), Changshu South-East Plastic Co. Ltd. (China), and others. Request Sample Report
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Table Of Content 1. Introduction 2. Research Methodology 3. Executive Summary 4. Market Dynamics 5. Phenolic Resin Market, By Application 6. Phenolic Resin Market, By End-User 7. Phenolic Resin Market, By Type 8. Phenolic Resin Market, By Region 9. Company Profiles 10. Appendix
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