New York, According to a new market research report published by Global Insight Services “Phenolic Resin Market” is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Phenolic resins are used in a wide range of applications due to their unique properties. They are resistant to heat and chemicals, making them ideal for use in the electrical and chemical industries. They are also strong and durable, making them suitable for use in construction and transportation. In addition, phenolic resins are often used in the manufacturing of adhesives, coatings, and laminates.
Key Trends
There are three key trends in Phenolic Resin technology:
- The development of new and improved resins.
- The development of new and improved manufacturing processes.
- The development of new and improved applications.
Key Drivers
The phenolic resin market is primarily driven by the growing demand for laminates and composites in the construction and automotive industries. Phenolic resins are used in the production of laminates and composites due to their superior properties such as high heat resistance, high mechanical strength, and good dimensional stability. The automotive industry is another major consumer of phenolic resins, as they are used in the production of brake pads, engine parts, and other components.
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Market Segments
By Type
- Resol
- Novolac
- Others
By Application
- Wood Adhesives
- Laminates
- Foundry & Moldings
- Paper Impregnation
- Coatings
Key Players
- Bakelite Synthetics
- Sumitomo Bakelite Company Limited
- SI Group Inc.
- Jinan Shengquan Group Share Holding Co.,Ltd.
- Ashland Global Holdings, Inc.
- BASF SE
- Dow Chemical
- Huntsman
- Hexion
- Arkema
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Reasons to buy Phenolic Resin Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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