Report Description
A recent market intelligence report that is published by Data Insights Partner on the global Phenolic Resin Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Phenolic Resin Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Phenolic Resin Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Phenolic Resin Market is offered. In accordance with the report, the global Phenolic Resin Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints & Opportunity of the Market:
Phenolic resin or phenol-formaldehyde resin is manufactured using phenol and formaldehyde by reacting them at various temperatures. Phenolic resins offer properties such as flame-retardant, high tensile strength, high heat resistance, low toxicity, and also generate low smoke. Phenolic resin finds application in construction industry as wood adhesives, laminates, coatings, paper impregnation and others.
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Growing use of phenolic resin in wood adhesives owing to its advanced properties such as water resistance, weather resistance and moisture resistance
Ø Construction industry is forecasted to register high growth, particularly in developing regions of the world. The global construction output is estimated to increase at CAGR of 5% to 7% over the forecast period.
Ø As per United Nation statistics (2018), 55% of the total global population lived in urban areas, which is expected to increase to 68% by 2050
Surge in use of phenolic resin in electrical & electronics and household appliances owing to water and moisture resistance properties is expected to boost the market. Growing urbanization population is expected to increase the consumption of advanced household appliances over the forecast period promoting the phenolic resin market across the globe
Growing automotive industry and stringent regulations for increasing fuel efficiency in automotive industry is promoting the use of lightweight materials over the forecast period.
Ø Automobile production in BRIC countries is expected to increase at a CAGR of 7% to 9% over the forecast period
Volatility in crude oil prices is anticipated to restrain the market over the forecast period, as crude oil is raw material for phenol. Moreover, stringent compliance norms for the production of formaldehyde is a major challenge for manufacturers negatively impacting the phenolic resin market
Surge in adoption of nanotechnology for the production of phenolic resin to enhance its functional and structural properties is expected to create opportunistic platform for phenolic resin market
Phenolic resin manufacturers adopt various strategies such as investment in research & development, expansion, merger & acquisition, etc to sustain in highly competitive market globally
Ø In 2019, Hexion Inc. a major manufacturer in Australia announced to increase its production capacity at Brimbank (Australia)
Ø In 2018, Silverfleet Capital invested in Prefere Resins Holding GmbH, a major manufacturer of phenolic resin. The investment is expected to help the company in research & development, new product launches, expanding geographical presence, etc
Segment Covered:
This market intelligence report on the global Phenolic Resin Market encompasses market segments based on resin type, application, industry and country.
By Resin Type the global Phenolic Resin Market has been divided into:
Resol
Novolac
Others
By Application the global Phenolic Resin Market has been divided into:
Wood adhesive
Molding compound
Laminate
Insulation
Coating
Paper Impregnation
Others
By Industry the global Phenolic Resin Market has been divided into:
Construction
Transportation
Electrical and Electronics
Furniture
Industrial
Others
By country/region, the global Phenolic Resin Market has been divided into:
North America (the U.S., Canada),
Latin America (Brazil, Mexico, Argentina and other countries),
Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
Middle East and Africa (GCC, South Africa, Israel and Other countries).
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Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
Chang Chun Plastics Co. Ltd
BASF SE
Kolon Industries Inc.
Hitachi Chemical Co. Ltd.
Momentive Specialty Chemicals Inc.
Georgia Pacific Chemicals LLC
Mitsui Chemicals Inc.
Sumitomo Bakelite Co. Ltd.
Georgia Pacific Chemicals LLC
Dujodwala Paper Chemicals Ltd.
DIC Corporation
Prefere Resins
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Phenolic Resin Market related investment & spending and developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Salient Features:
Ø This study offers comprehensive yet detailed analysis of the Phenolic Resin Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Phenolic Resin Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for phenolic resin caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Phenolic Resin Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Phenolic Resin Market
v Identification of key factors driving investment opportunities in the Phenolic Resin Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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