Phenolic Resins Market
Phenolic Resins Market Analysis By Type (Phenolic Resol Resins, Phenolic Novolac Resins & Others) By Application (Insulation Paper, Impegration, Wood Adhesives, Laminates & Molding) By End-Use, By Region – Global Market Insights 2022 to 2032
Analysis of Phenolic Resins market covering 30+ countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Phenolic Resins Market Growth Outlook (2022 to 2032)
The phenolic resins market size was valued at US$ 14.11 Billion in 2021. The global market is projected to grow from US$ 14.69 Billion in 2022 to US$ 24.78 Billion by 2032, growing at a CAGR (Compound Annual Growth Rate) of 5.4% during the forecast period from 2022 to 2032.
Phenolic resins account for around 2% of the global synthetic polymers market, but have the potential to contribute close to 5% of overall synthetic resin demand going forward.
The global resins market has been proliferating since the past few decades due to increased use in various applications. Resins, being easy to mould and withstand high tension, is the choice for many manufacturers for the replacement of expensive reinforced fibre.
| Report Attributes | Details |
|---|---|
| Phenolic Resins Market Size in 2021 | US$ 14.11 Billion |
| Estimated Market Value (2022E) | US$ 14.69 Billion |
| Forecast Market Value (2032F) | US$ 24.78 Billion |
| Global Market Growth Rate (2022 to 2032) | 5.4% CAGR |
| North America Market Share (2021) | ~ 31.9% |
| North America Growth Rate (2022 to 2032) | 5.7% CAGR |
| U.S. Growth Rate (2022 to 2032) | 5.7% CAGR |
| Top 5 Companies’ Market Share | ~62.8% |
| Key Companies Profiled | 3M Company; DIC Corporation; Ashland; Hexcel Corporation; Arizona Chemical; Kolon Industries; Georgia-Pacific Chemicals; Owens Corning; Arclin Inc.; Olympic Panel Products LLC.; Hardwoods Inc.; American Micro Industries Inc. |
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Consumption Analysis of Phenolic Resins (2017 to 2021) Vs. Market Outlook (2022 to 2032)
As per the analysis done by Fact.MR, a market research and competitive intelligence provider, it was observed that the global phenolic resin market expanded at a CAGR of 4.2% and accounted for US$ 14.11 billion by the end of 2021.
The global phenolic resins market is going to be attractive for producers in the long run with an expected growth rate of 5.4%, accounting for an absolute dollar opportunity of around US$ 10.1 billion.
Additionally, the North American region is a prominent market for phenolic resins, acquiring around 31.9% of the global phenolic resins market share at the end of 2021, and is expected to grow by 1.7X its market value by the end of 2032.
The market has been driven by high demand for resol resins over the years, which has captured 47.1% of the type of resin used. These types of resins dominate the market due to their high binding properties and are used as gluing agents in the furniture and construction industry.
Which Factors are Expected to Drive Demand for Phenolic Resins Over the Coming Years?
“High Demand for Phenolic Resins from Construction Industry”
With the ever-growing construction industry, the market for phenolic resins has been proliferating over the past decades. Moreover, the furniture industry has increased the lucrative use of phenolic resins as an adhesive agent due to their high binding properties.
Novolac is a type of phenolic resin that is reputed as an excellent binding agent and is in high demand in the furniture industry. Novolac resin is a prime choice for plywood manufacturers due to its low resistance to heat, and is easy to be used as an adhesive.
Growing infrastructure in the APAC region has poised an opportunity for producers of phenolic resins. The phenolic market in the APAC region is expected to grow 1.7X over the forecast period, considering the increased use of wood additives, laminates, and molding in the construction industry.
Trends followed by Fact.MR have revealed that the APAC region reached US$ 3.7 billion by the end of 2021 at a CAGR of 4.7%, and has exhibited the highest growth rate across the globe.
The phenolic resins market is attractively growing due to increased demand from various manufacturers due to enhanced properties such as high moldability, high heat resistance, low toxicity of smoke, mechanical strength, and ability to blend with polymers.
Additionally, increased research and development in the field of replacing natural fibers with increased tensile strength and heat resistance has been a driving factor for the sales of phenolic resins.
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Country-Wise Analysis
Why is the United States a Prominent Consumer of Phenolic Resins?
The U.S. phenolic resins markets have been developing at a CAGR of 3.6% till 2021, and is forecasted to be one of the most attractive market for phenolic resins over the coming years. The U.S is a leading producer of automotive accessories and electronic & electrical components, and has acquired nearly 87.8% of the phenolic resin market share in North America.
The U.S. stands out in the market of phenolic resins for rising demand from the automotive and aerospace industries. The U.S. is home to leading aircraft manufacturers such as Boeing, Lockheed Martin, and United Technology. As phenolic resins are used for thermal jacketing aircraft, the U.S. poses to be a prominent demand generator for phenolic resins.
The U.S. phenolic resins market reached a valuation of US$ 3.95 billion in 2021, and is expected to create an absolute $ opportunity of US$ 3.04 billion during the forecast period.
Will APAC Provide Lucrative Opportunities for Phenolic Resin Manufacturers?
The APAC phenolic resins market is the largest market in terms of consumption due to the presence of highly populated countries such as India and China. India, being a developing country, is pacing up to strengthen its infrastructure.
Phenolic resins are a major component in construction and also in the automotive industry, and are used as adhesive and binding agents, where APAC stands prominently to generate high demand for phenolic resin over the coming years.
Category-wise Analysis
Why are Resol Resins Set to Remain Highly Attractive?
Resol resins is the most attractive category in the market due to their diversified use in construction, furniture, automotive, electrical & electronics, and much more.
This category registered a CAGR of 4.5% till 2021 with a market value of US$ 6.64 billion, and is expected to surge ahead at a CAGR of 6.2%. Hike in the market for resol resins is due to increase in application in adhesives, plywood an laminate composites.
Additionally, demand is driven by rapid growth in the automobile and construction & building industries.
The resol resins market is followed by Novolac resins at an attractive CAGR of 4% during the historical period, and is projected to grow 1.6X over the forecast period and create an absolute dollar opportunity of US$ 3.37 billion. This is due to extensive use of novolac resins in adhesives due to their excellent binding properties.
Which Phenolic Resin Application is Predicted to Bring in High Revenue?
The insulation application stands out in the market with a valuation of US$ 3.42 million at the end of 2021.
Insulation application of phenolic resins is likely to be attractive due to increased end uses in the automobile and electrical & electronics sectors, which is creating demand and driving the market at a CAGR of 6.4%.
The insulation application is set to capture around 20.4% market share. This application is facing direct competition from the paper impetration application, which is poised to grow 1.8X, creating an absolute dollar opportunity of US$ 2.47 billion.
Phenolic resin application in electrical & electronics, building & construction, and furniture gives tough competition to the other categories and stands out with an aggregate market value share of 71%. Due to high use of automotive across the globe, demand for phenolic resins is set to witness steady growth over the coming years.
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Competition Landscape
3M Company, DIC Corporation, Owens Corning, Arclin Inc., Olympic Panel Products LLC., Hardwoods Inc., Arizona Chemical, Kolon Industries, Georgia-Pacific Chemicals, Ashland, Hexcel Corporation, American Micro Industries Inc. are key suppliers of phenolic resins.
- Market players such as 3M and Arizona Chemicals are continuously performing research & development to increase the strength of phenolic resins to be used in fire retardants, sealant coatings, etc.
- DIC Corporation’s phenolic resins PHENOLITE is gaining huge attention across industries due to its improved properties such as flame resistance, cost-effective, high tensile strength, and chemical resistance.
Industry Research by Category
-
By Type :
- Resol Resins
- Novolac Resins
- Other Product Types
-
By Application :
- Insulation
- Paper Impegration
- Wood Adhesives
- Laminates
- Molding
- Other Applications
-
By End Use :
- Electrical & Electronics
- Building & Construction
- Furniture
- Automotive
- Other End Uses
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Market Background
- 5. Value Chain Analysis
- 6. Global Market - Pricing Analysis
- 7. Global Market Value 2017 to 2021 Analysis and Forecast, 2022 to 2032
- 8. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Product Type
- 8.1. Resol Resin
- 8.2. Novolac Resin
- 8.3. Other Product Types
- 9. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Application
- 9.1. Insulation
- 9.2. Paper Impregnation
- 9.3. Wood Adhesives
- 9.4. Laminates
- 9.5. Molding
- 9.6. Other Applications
- 10. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By End-Use
- 10.1. Electrical & Electronics
- 10.2. Building & Construction
- 10.3. Furniture
- 10.4. Automotive
- 10.5. Other End-Uses
- 11. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. Asia Pacific (APAC)
- 11.5. Middle East and Africa (MEA)
- 12. North America Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 13. Latin America Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 14. Europe Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 15. Asia Pacific (APAC) Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 16. Middle East and Africa (MEA) Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 17. Key Countries Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 18. Market Structure Analysis
- 19. Competition Analysis
- 19.1. 3M Company
- 19.2. DIC Corporation
- 19.3. Ashland
- 19.4. Hexcel Corporation
- 19.5. Arizona Chemical
- 19.6. Kolon Industries
- 19.7. Georgia-Pacific Chemicals
- 19.8. Owens Corning
- 19.9. Arclin Inc.
- 19.10. Olympic Panel Products LLC.
- 19.11. Hardwoods Inc.
- 19.12. American Micro Industries Inc.
- 20. Assumptions & Acronyms Used
- 21. Research Methodology
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List Of Table
Table 1: Global Market Value (USD Million) and Forecast by Region, 2017 to 2021
Table 2: Global Market Value (USD Million) and Forecast by Region, 2022 to 2032
Table 3: Global Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 4: Global Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 5: Global Market Value (USD Million) and Forecast by Application, 2017 to 2021
Table 6: Global Market Value (USD Million) and Forecast by Application, 2022 to 2032
Table 7: Global Market Value (USD Million) and Forecast by End-Use, 2017 to 2021
Table 8: Global Market Value (USD Million) and Forecast by End-Use, 2022 to 2032
Table 9: North America Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 10: North America Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 11: North America Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 12: North America Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 13: North America Market Value (USD Million) and Forecast by Application, 2017 to 2021
Table 14: North America Market Value (USD Million) and Forecast by Application, 2022 to 2032
Table 15: North America Market Value (USD Million) and Forecast by End-Use, 2017 to 2021
Table 16: North America Market Value (USD Million) and Forecast by End-Use, 2022 to 2032
Table 17: Latin America Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 18: Latin America Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 19: Latin America Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 20: Latin America Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 21: Latin America Market Value (USD Million) and Forecast by Application, 2017 to 2021
Table 22: Latin America Market Value (USD Million) and Forecast by Application, 2022 to 2032
Table 23: Latin America Market Value (USD Million) and Forecast by End-Use, 2017 to 2021
Table 24: Latin America Market Value (USD Million) and Forecast by End-Use, 2022 to 2032
Table 25: Europe Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 26: Europe Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 27: Europe Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 28: Europe Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 29: Europe Market Value (USD Million) and Forecast by Application, 2017 to 2021
Table 30: Europe Market Value (USD Million) and Forecast by Application, 2022 to 2032
Table 31: Europe Market Value (USD Million) and Forecast by End-Use, 2017 to 2021
Table 32: Europe Market Value (USD Million) and Forecast by End-Use, 2022 to 2032
Table 33: Asia Pacific (APAC) Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 34: Asia Pacific (APAC) Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 35: Asia Pacific (APAC) Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 36: Asia Pacific (APAC) Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 37: Asia Pacific (APAC) Market Value (USD Million) and Forecast by Application, 2017 to 2021
Table 38: Asia Pacific (APAC) Market Value (USD Million) and Forecast by Application, 2022 to 2032
Table 39: Asia Pacific (APAC) Market Value (USD Million) and Forecast by End-Use, 2017 to 2021
Table 40: Asia Pacific (APAC) Market Value (USD Million) and Forecast by End-Use, 2022 to 2032
Table 41: MEA Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 42: MEA Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 43: MEA Market Value (USD Million) and Forecast by Product Type, 2017 to 2021
Table 44: MEA Market Value (USD Million) and Forecast by Product Type, 2022 to 2032
Table 45: MEA Market Value (USD Million) and Forecast by Application, 2017 to 2021
Table 46: MEA Market Value (USD Million) and Forecast by Application, 2022 to 2032
Table 47: MEA Market Value (USD Million) and Forecast by End-Use, 2017 to 2021
Table 48: MEA Market Value (USD Million) and Forecast by End-Use, 2022 to 2032
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List Of Figures
Figure 1: Global Market Value (USD Million) Forecast, 2022 to 2032
Figure 2: Global Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 3: Global Market Value (USD Million) by Region, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 5: Global Market Value (USD Million) by Product Type, 2022 & 2032
Figure 6: Global Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 7: Global Market Value (USD Million) by Application, 2022 & 2032
Figure 8: Global Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 9: Global Market Value (USD Million) by End-Use, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Rate by End-Use, 2022 to 2032
Figure 11: North America Market Value (USD Million) Forecast, 2022 to 2032
Figure 12: North America Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 13: North America Market Value (USD Million) by Country, 2022 & 2032
Figure 14: North America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 15: North America Market Value (USD Million) by Product Type, 2022 & 2032
Figure 16: North America Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 17: North America Market Value (USD Million) by Application, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 19: North America Market Value (USD Million) by End-Use, 2022 & 2032
Figure 20: North America Market Y-o-Y Growth Rate by End-Use, 2022 to 2032
Figure 21: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 25: Latin America Market Value (USD Million) Forecast, 2022 to 2032
Figure 26: Latin America Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 27: Latin America Market Value (USD Million) by Country, 2022 & 2032
Figure 28: Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 29: Latin America Market Value (USD Million) by Product Type, 2022 & 2032
Figure 30: Latin America Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 31: Latin America Market Value (USD Million) by Application, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 33: Latin America Market Value (USD Million) by End-Use, 2022 & 2032
Figure 34: Latin America Market Y-o-Y Growth Rate by End-Use, 2022 to 2032
Figure 35: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 36: Latin America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 37: Latin America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 38: Latin America Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 39: Europe Market Value (USD Million) Forecast, 2022 to 2032
Figure 40: Europe Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 41: Europe Market Value (USD Million) by Country, 2022 & 2032
Figure 42: Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 43: Europe Market Value (USD Million) by Product Type, 2022 & 2032
Figure 44: Europe Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 45: Europe Market Value (USD Million) by Application, 2022 & 2032
Figure 46: Europe Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 47: Europe Market Value (USD Million) by End-Use, 2022 & 2032
Figure 48: Europe Market Y-o-Y Growth Rate by End-Use, 2022 to 2032
Figure 49: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 50: Europe Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 51: Europe Market Attractiveness Analysis by Application, 2022 to 2032
Figure 52: Europe Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 53: Asia Pacific (APAC) Market Value (USD Million) Forecast, 2022 to 2032
Figure 54: Asia Pacific (APAC) Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 55: Asia Pacific (APAC) Market Value (USD Million) by Country, 2022 & 2032
Figure 56: Asia Pacific (APAC) Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 57: Asia Pacific (APAC) Market Value (USD Million) by Product Type, 2022 & 2032
Figure 58: Asia Pacific (APAC) Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 59: Asia Pacific (APAC) Market Value (USD Million) by Application, 2022 & 2032
Figure 60: Asia Pacific (APAC) Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 61: Asia Pacific (APAC) Market Value (USD Million) by End-Use, 2022 & 2032
Figure 62: Asia Pacific (APAC) Market Y-o-Y Growth Rate by End-Use, 2022 to 2032
Figure 63: Asia Pacific (APAC) Market Attractiveness Analysis by Country, 2022 to 2032
Figure 64: Asia Pacific (APAC) Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 65: Asia Pacific (APAC) Market Attractiveness Analysis by Application, 2022 to 2032
Figure 66: Asia Pacific (APAC) Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 67: MEA Market Value (USD Million) Forecast, 2022 to 2032
Figure 68: MEA Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 69: MEA Market Value (USD Million) by Country, 2022 & 2032
Figure 70: MEA Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 71: MEA Market Value (USD Million) by Product Type, 2022 & 2032
Figure 72: MEA Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 73: MEA Market Value (USD Million) by Application, 2022 & 2032
Figure 74: MEA Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 75: MEA Market Value (USD Million) by End-Use, 2022 & 2032
Figure 76: MEA Market Y-o-Y Growth Rate by End-Use, 2022 to 2032
Figure 77: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 78: MEA Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 78: MEA Market Attractiveness Analysis by Application, 2022 to 2032
Figure 79: MEA Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 80: U.S. Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 81: U.S. Market Attractiveness Analysis by Application, 2022 to 2032
Figure 82: U.S. Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 83: Canada Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 84: Canada Market Attractiveness Analysis by Application, 2022 to 2032
Figure 85: Canada Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 86: Brazil Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 87: Brazil Market Attractiveness Analysis by Application, 2022 to 2032
Figure 88: Brazil Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 89: Mexico Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 90: Mexico Market Attractiveness Analysis by Application, 2022 to 2032
Figure 91: Mexico Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 92: U.K. Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 93: U.K. Market Attractiveness Analysis by Application, 2022 to 2032
Figure 94: U.K. Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 95: Germany Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 96: Germany Market Attractiveness Analysis by Application, 2022 to 2032
Figure 97: Germany Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 98: France Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 99: France Market Attractiveness Analysis by Application, 2022 to 2032
Figure 100: France Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 101: Italy Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 102: Italy Market Attractiveness Analysis by Application, 2022 to 2032
Figure 103: Italy Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 104: Spain Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 105: Spain Market Attractiveness Analysis by Application, 2022 to 2032
Figure 106: Spain Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 107: China Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 108: China Market Attractiveness Analysis by Application, 2022 to 2032
Figure 109: China Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 110: Japan Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 111: Japan Market Attractiveness Analysis by Application, 2022 to 2032
Figure 112: Japan Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 113: South Korea Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 114: South Korea Market Attractiveness Analysis by Application, 2022 to 2032
Figure 115: South Korea Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 116: India Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 117: India Market Attractiveness Analysis by Application, 2022 to 2032
Figure 118: India Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 119: ASEAN Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 120: ASEAN Market Attractiveness Analysis by Application, 2022 to 2032
Figure 121: ASEAN Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 122: GCC countries Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 123: GCC countries Market Attractiveness Analysis by Application, 2022 to 2032
Figure 124: GCC countries Market Attractiveness Analysis by End-Use, 2022 to 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the current valuation of the phenolic resins market?
Currently, the global phenolic resins market is pegged at US$ 14.69 billion.
At what CAGR is demand for phenolic resins expected to grow?
Phenolic resin utilization is anticipated to increase at a CAGR of around 5.4% through 2032.
What is one of the vital market defining trends in the phenolic resins market?
Key suppliers of of phenolic resins have been investing in R&D to increase the tensile strength and flexibility of laminate and coating agents, and developing heat resistance and flame inhibition products.
Which are the top phenolic resin brands?
Top companies manufacturing phenolic resins are 3M Company, DIC Corporation, Ashland, Hexcel Corporation, Arizona Chemical, Kolon Industries, Georgia-Pacific Chemicals, Owens Corning, Arclin Inc., Olympic Panel Products LLC., Hardwoods Inc., and American
What outlook does the U.S. market provide for phenolic resins?
The U.S. is estimated to hold around 87.8% of the North America phenolic resins market value.
Phenolic Resins Market