According to a new market report published by
Lucintel, the future of the South East Asian phenolic resin market looks
promising with opportunities in construction, transportation, electrical and
electronics, and furniture end use industries. The South East Asian phenolic
resin market is expected to grow at an estimated CAGR of 5.5% from 2019 to 2024.
The major drivers for this market are increasing use of materials with fire
retardant, heat resistance, and anti-corrosive properties in end use
applications.
In this
market, wood adhesive, molding compounds, decorative laminates, insulation,
coating, and paper impregnation are the major applications. On the basis of its
comprehensive research, Lucintel forecasts that the 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.
Resole
phenolic resin and novolac phenolic resin are the major resins used to
manufacture wood adhesive, molding compound and laminates. On the basis of
comprehensive research, Lucintel forecasts that the resole phenolic resin
segment is expected to remain the
largest segment by value and volume due to superior heat resistance, higher mechanical
strength, moldability, and excellent friction properties.
Thailand is expected to remain the largest
region by value and volume; Thailand is also expected to experience the highest
growth over the forecast period due to increasing automotive production, and
growth in construction and electrical and electronics industry.
Emerging
trends, which have a direct impact on the dynamics of the industry, includes the
use of bio based phenolic resin and rosin modified phenolic resin. Sumitomo, AICA
KOGYO, Thai GCI Resitop, Malayan Adhesives and Chemicals, and Astachem are
among the major suppliers of the phenolic resin market.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the South
East Asia phenolic resin market by application, Resin type, end use industry, region, and
country. Lucintel has prepared a comprehensive research report entitled, “Growth
Opportunities in the South East Asian Phenolic Resin Market 2020-2025: 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 South East Asian phenolic resin market by application,
type, end use industry, region, and country as follows:
By application (Value ($M)
and Volume (M lbs) shipment analysis for 2013 – 2024):
- Wood Adhesive
- Molding
Compounds
- Laminates
- Insulation
- Coating
- Paper
Impregnation
- Others
By Resin Type (Value ($M)
and Volume (M lbs) shipment analysis for 2013 – 2024):
- Resol Phenolic Resin
- Novolac Phenolic Resin
By End Use Industry
(Value ($M) and Volume (M lbs) shipment analysis for 2013 – 2024):
- Construction
- Transportation
- Electrical
and Electronics
- Furniture
- Industrial
- Others
By Country (Value ($M) and Volume (M lbs)
shipment analysis for 2013 – 2024):
- Thailand
- Singapore
- Malaysia
- Indonesia
- Philippines
- Vietnam
This
150 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, Opportunity
Screening and Analysis, Strategic
Growth Consulting and Due Diligence.
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 South East Asian phenolic resin
market by application (wood adhesive, molding compounds, laminates, insulation,
coating, paper impregnation, and others), by resin type (resol phenolic resin
and novolac phenolic resin), by end use industry (construction, transportation,
electrical and electronics, furniture, and others) and country (Thailand,
Singapore, Malaysia, Indonesia, Philippines, Vietnam and Others )?
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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