Global Phenolic Resin Market 2024-2028
The phenolic resin market is forecasted to grow by USD 4165.21 mn during 2023-2028, accelerating at a CAGR of 5.21% during the forecast period. The report on the phenolic resin market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for phenolic resins in the automotive industry, the growing need in developing nations for phenolic resins, and the advantages of phenolic resins boosting phenolic resin market growth.
Technavio's phenolic resin market is segmented as below:
By Product
- Novolac resin
- Resol resin
- Others
By Application
- Molding
- Insulation
- Wood adhesives
- Laminates
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing introduction of substitutes for phenolic resin manufacturing as one of the prime reasons driving the phenolic resin market growth during the next few years. Also, the growing introduction of carbon nanofibers and the development of new products will lead to sizable demand in the market.
The report on the phenolic resin market covers the following areas:
- Phenolic resin market sizing
- Phenolic resin market forecast
- Phenolic resin market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading phenolic resin market vendors that include Akrochem Corp., Ashland Inc., Bakelite GmbH, BASF SE, Bostik Ltd., Chevron Corp., DIC Corp., DL Chemical, Georgia Pacific LLC, Hexcel Corp., Jinan Shengquan Group Share Holding Co Ltd, Kolon Industries Inc., Mitsui Chemicals Inc., PJSC LUKOIL, Shandong Laiwu Runda New Material Co. Ltd., Shell plc, SI Group Inc., Sumitomo Bakelite Co. Ltd., Prefere Resins Holding GmbH, and Sasol Ltd. Also, the phenolic resin market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.