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.
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, water proof 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.
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.
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.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the global
phenolic resin market by application type, end use industry, resin, region, and
by country and has come up with a comprehensive research report entitled, “Growth
Opportunities in the Global Phenolic Resin Market 2017-2022: Trends, Forecast,
and Opportunity Analysis.”
The Lucintel report serves as a catalyst for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions.
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 helpdesk@lucintel.com. Lucintel
offerings include Chemical
Market Research Reports, Chemical
Industry Analysis Report, Mergers
& Acquisitions, Due Diligence and
SWOT
Analysis.
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 to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report answers the following 11 key
questions:
Q.1 What
are some of the most promising, high-growth in 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?
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