Global Phenolic Resin For Friction Materials Market Growth 2023-2029

Global Phenolic Resin For Friction Materials Market Growth 2023-2029

Phenolic resin is the principal binder used in the manufacture of modern friction materials.

Phenolic resins for the friction industry are available as liquids or as powders blended with a cross linking agent (usually hexamine). The properties of these resins may be enhanced by incorporating other polymeric or chemical modifications.

LPI (LP Information)' newest research report, the “Phenolic Resin For Friction Materials Industry Forecast” looks at past sales and reviews total world Phenolic Resin For Friction Materials sales in 2022, providing a comprehensive analysis by region and market sector of projected Phenolic Resin For Friction Materials sales for 2023 through 2029. With Phenolic Resin For Friction Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Phenolic Resin For Friction Materials industry.

This Insight Report provides a comprehensive analysis of the global Phenolic Resin For Friction Materials landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Phenolic Resin For Friction Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Phenolic Resin For Friction Materials market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Phenolic Resin For Friction Materials and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Phenolic Resin For Friction Materials.

The global Phenolic Resin For Friction Materials market size is projected to grow from US$ 1000.7 million in 2022 to US$ 1311.8 million in 2029; it is expected to grow at a CAGR of 1311.8 from 2023 to 2029.

Global Phenolic Resin for Friction Materials main players are Sumitomo Bakelite, Hexion, Mitsui Chemicals, DIC Corporation, Shengquan Group, etc. Global top five manufacturers hold a share above 20%. Europe is the largest market, with a share about 30%.

This report presents a comprehensive overview, market shares, and growth opportunities of Phenolic Resin For Friction Materials market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Liquid Type (Phenolic Resol Resins)
Powder Type (Phenolic Novolac Resins)

Segmentation by application
Automotive
Railway
Aeronautics
Industrial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Sumitomo Bakelite
Hexion
Mitsui Chemicals
DIC Corporation
Shengquan Group
KANGNAM CHEMICAL
Shandong Laiwu Runda New Material
Kuentek Cashew
Sprea Misr
Zhejiang Hangzhou Friction Composites

Key Questions Addressed in this Report

What is the 10-year outlook for the global Phenolic Resin For Friction Materials market?

What factors are driving Phenolic Resin For Friction Materials market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Phenolic Resin For Friction Materials market opportunities vary by end market size?

How does Phenolic Resin For Friction Materials break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.