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.
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).
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