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Phenolic Resins Market Size Estimation Jake Butt Color Rush Jersey , Manufacturing Base and Emerging Countries Forecast Till 2025
by amishra0234 · January 4, 2019

Industry Insights

The Global Phenolic Resins Market Size was valued at USD 9.30 billion in 2015 and is expected to reach USD 16.0 billion by 2025, with a CAGR of 5.4%. The global phenolic resins industry is anticipated to witness stable growth owing to rising demand from transportation and construction sector. Phenolic resins find their applications in numerous segmentson account of their properties such as good heat resistance and flame retardancy, low smoke and toxicity Chad Kelly Color Rush Jersey , high mechanical strength and easy blending with other polymers to attain high performance. Product demand is expected to rise owing to of increasing use of fire retardant constituents in crucial aircraft and automotive components.



Crude oil is the primary raw material used in the manufacturing of phenolic resins and hence price instabilityis expected to have a direct influence on demand for phenolic resins. In order to ensure conformance to environmental standards regarding formaldehyde emissions, significant funding and investments have to be made and this may slowdown the market growth. However, the positive side is that there is an increasing adoption of nanotechnology in phenolic resins production that aims to improve their functional and structural characteristics and expand their scope of application.

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Competitive Insights

Key market players have expanded their manufacturing facilities to sufficethe growing demand. As an instance, in 2013 Brendan Langley Color Rush Jersey , Ludwigshafen Verbund site had a new plant set up as a part of BASF modernization and expansion of production facility. Other majorparticipants in the market include Hitachi Chemical Co. Ltd., Georgia Pacific Chemicals LLC, Kolon Industries Inc., SI Group Carlos Henderson Color Rush Jersey , Inc., Prefere Resins, DIC Corporation, Momentive Specialty Chemicals Inc. Demarcus Walker Color Rush Jersey , Sumitomo Bakelite Co. Ltd., Dujodwala Paper Chemicals Ltd., and Mitsui Chemicals Inc.

Product Insights

Novolac resins and resol resins are the two major varieties of phenolic resins. Novolac resins, are expected to gain prominence in the forecast period owing to its ability to mould easily. They have a widespread usage across various segments as electrical laminates Garett Bolles Color Rush Jersey , hardeners and photo resistors in structural laminates for the electronic circuit board and aerospace industries.

Resol resins constituted for a major chunk of the market share on account of growing demand from wood adhesion and laminates sector. Furthermore, considerable demand from applications such as oriented strand boards (OSB) and production of engineered laminated composite lumber (LCL) also contributed to the large demand for resol resins in the past few years. It is expected to continue the similar trend over the forecast period from 2014 to 2020.

Application Insights

Phenolic resins provide services tonumerous end-use industries such as automotive, aerospace and constructional applications in laminates, insulation Courtland Sutton Color Rush Jersey , wood adhesives and moulding compounds.

Wood adhesives were the dominant application on account of increased use in plywood and particleboard adhesives owing to phenolic resins which form chemical bonds with the phenol-like lignin wood. These products are capable of retaining moisture and hence are preferred for exterior plywood applications.

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Moulding compounds are expected witness high growth. This can be attributed to the ability of phenolic resins to provide fire safety and amplify vehicular efficiency. Rising demand from the automotive segment is anticipated to play a critical role in the phenolic resins growth over the forecast period. They are used in numerous components in automobiles including cooling system, air supply system brake, suspension, and powertrain and fuel system.

New product developments in molding compounds by the use of carbon fiber or long glass fiber is expected to provide market opportunities in di