Phenolic Resin Market is Expected to Reach $15.0 Billion by 2022

IRVING, Texas, January 18, 2018 (Newswire.com) - According to a new market report published by Lucintel, the future of the global phenolic resin market is attractive with opportunities in the wood adhesive, molding compound, laminate, insulation, paper impregnation, and coating applications. The global phenolic resin market is expected to reach an estimated $15.0 billion by 2022 and it is forecast to grow at a CAGR of 5.0% from 2017 to 2022. The major drivers for growth in this market are increasing use of materials with fire retardant, heat resistant, and anti-corrosive properties in end-use applications.

Browse 89 market data tables and 138 figures spread through 204 pages and in-depth TOC on “Global Phenolic Resin Market" http://www.lucintel.com/phenolic-resin-market-2017-2022.aspx

In this market, wood adhesive, molding compound and laminate are the major applications. On the basis of its comprehensive research, Lucintel forecasts that molding compound is expected to remain the largest application segment by value due to high heat resistance, mechanical strength and electrical properties and is used in automotive, aerospace, electronics and industrial market.  Wood adhesive will experience the highest growth over the forecast period supported by increasing demand for adhesives in furniture, waterproof construction panels, beams, and marine plywood.

Construction, transportation, electrical & electronic, and furniture are the major end-use industries. Construction is expected to be the largest market by value and volume, and will experience the highest growth over the forecast period. 

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By resin type, resol and novolac are the major resins used to manufacture adhesives, molding compound, and laminate. Asia Pacific (APAC) is expected to remain the largest region by value and volume. North America is expected to experience the highest growth over the forecast period due to growth in end-use industries.

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Emerging trends, which have a direct impact on the dynamics of the industry, include the development of bio-based phenolic resin, and increased penetration of phenolic resin in applications where fire, smoke, and toxicity properties are required. Hexion, Shandong Shengquan Chemical Co, Si Group, Sumitomo Bakelite, and Georgia–Pacific are some of the major suppliers of global phenolic resin market.

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The study includes a forecast for the global phenolic resin market by application, end use, resin, region and country as follows:

By application (Value ($M) and Volume (M lbs) shipment analysis from 2011 to 2022):

·         Wood adhesive

·         Molding compound

·         Laminate

·         Insulation

·         Coating

·         Paper Impregnation

·         Others

By end-use industry (Value ($M) and Volume (M lbs) shipment analysis from 2011 to 2022):

·         Construction

·         Transportation

·         Electrical and Electronics

·         Furniture

·         Industrial

·         Others

 By resin type (Value ($M) and Volume (M lbs) shipment analysis from 2011 to 2022):

·         Resol phenolic resin

·         Novolac and other phenolic resin

By region (Value ($M) and Volume (M lbs) shipment analysis from 2011 to 2022):

·         North America

·         Europe

·         APAC

·         ROW

By country (Value ($M) and Volume (M lbs) shipment analysis from 2011 to 2022):

·         North America

−      US

−      Canada

−      Mexico

−        Europe

−      Western Europe

−      Central/Eastern Europe

−      Asia Pacific

−      China

−      Japan

−      India

−      Taiwan

−      Republic of Korea

−      Others

−      ROW

−      Middle East

−      Central/South America

This 204-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or [email protected]

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services for executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com

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This report answers the following 11 key questions:

Q.1 What are some of the most promising, high-growth opportunities for the global phenolic resin market by application (wood adhesive, molding compound, laminates, insulation, Coating, Paper Impregnation, and others) end use industry (construction, transportation, electrical and electronics, furniture, Industrial, and others), resin type (resol and Novolac resin), region (North America, Europe, Asia Pacific and ROW) and by country (US, Canada, Mexico, Western Europe, Central. Eastern Europe, China, India, Japan, Taiwan, Republic of Korea, Middle East and Central/ South America) ?

Q.2 Which product segments will grow at a faster pace and why?

Q.3 Which region will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in the market?

Q.5 What are the business risks and competitive threats in this market?

Q.6 What are emerging trends in this market and reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market and which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products in this area and how great a threat do they pose for loss of market share through product substitution?

Q.11 What M&A activities have transpired in the last 5 years in this market and what impact have these had on the industry?

Source: Lucintel