Zion Research has published a new
report titled “Phenolic Resins (Resols, Novolac and Others) Market for
Wood-adhesives, Molding Compounds, Laminates, Insulation and Other
Applications: Global Industry Perspective, Comprehensive Analysis, and
Forecast, 2014 – 2020” According to the report, the global phenolic resins market was valued at approximate USD 10.0 billion in 2014 and is
expected to reach approximately USD 14.0 billion by 2020, growing at a CAGR of
around 5.5% between 2015 and 2020. In terms of volume, global phenolic resins
market stood at approximately 4.7 million tons in 2014.
Phenolic resins are synthetic polymers produced through reaction between phenol and formaldehyde. Owing to their superior physical and chemical properties, phenolic resins are widely used in host of industries in various applications such as wood-adhesives, insulation, rubber, and laminates. Properties of phenolic resins can be modified to suit any specific applications by altering the catalysts used during manufacturing. Phenolic resins exhibit excellent chemical and physical properties such as heat resistance, eclectic resistance, high tensile strength, mold ability, light weight, lower smoke and toxicity level. Key application market for phenolic resins includes wood adhesive, laminates, electronics, aviation, mass transit, foundry materials and power generation industries among others. Phenol and formaldehyde are the key raw materials used in the manufacturing of phenolic resins.
Phenolic resins are synthetic polymers produced through reaction between phenol and formaldehyde. Owing to their superior physical and chemical properties, phenolic resins are widely used in host of industries in various applications such as wood-adhesives, insulation, rubber, and laminates. Properties of phenolic resins can be modified to suit any specific applications by altering the catalysts used during manufacturing. Phenolic resins exhibit excellent chemical and physical properties such as heat resistance, eclectic resistance, high tensile strength, mold ability, light weight, lower smoke and toxicity level. Key application market for phenolic resins includes wood adhesive, laminates, electronics, aviation, mass transit, foundry materials and power generation industries among others. Phenol and formaldehyde are the key raw materials used in the manufacturing of phenolic resins.
Browse the full "Phenolic
Resins (Resols, Novolac and Others) Market for Wood-adhesives, Molding
Compounds, Laminates, Insulation and Other Applications: Global Industry
Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020"
report at http://www.marketresearchstore.com/report/phenolic-resins-market-for-z37563
Based on product types, phenolic
resins can be classified as resols and novolacs. Resols comprises more of
formaldehyde, while novolac are mainly comprises of excess of phenols. Resols
was the major product segment and dominated phenolic resins market with around
48% share in total volume consumption in 2014. However, novolacs is expected to
witness strong growth and exhibit fastest CAGR during the forecast period.
Key applications of phenolic resins
include molding compounds, wood-adhesives, insulation, rubber, and laminates.
Wood-adhesives was the major application segment for phenolic resins with over
34% share of the total volume consumed in 2014. The other significant
applications include abrasives, friction materials, and rubber additives.
Molding compounds accounted for the second largest market share followed by laminates.
Despite of smaller market share, insulation is one of the important application
markets for phenolic resins.
Asia-Pacific was the major
contributor to the total revenue generated by the global phenolic resins market
in 2014. The region accounted for around 35% of the global consumption and is
expected to grow at rapid pace in the near future due to growth in the manufacturing
sector as well as construction industry. North America was the second largest
consumer of phenolic resins in 2014, followed by Europe.
There are some key players developed
their position in the global such as BASF SE, Georgia Pacific Chemicals LLC,
Chang Chun Plastics Co. Ltd., Sumitomo Baketile, Mitsui Chemicals Inc.,
Momentive Specialty Chemicals Inc. (U.S.), SI Group (U.S.), Sumitomo Bakelite
Co., Ltd (Japan), Kolon Industries, Inc. (Korea) and others.
This report segments the global market
as follows:
Phenolic Resins Market - Product
Segment Analysis
- Resols
- Novlac
- Others
Phenolic Resins Market – Application
Segment Analysis
- Wood-adhesives
- Molding compounds
- Laminates
- Insulation
- Others
Phenolic Resins Market – Regional
Segment Analysis
- North America
- U.S.
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
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3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
United States
Toll Free: +1-855-465-4651 FREE (USA-CANADA)
Tel: +1-386-310-3803
Email: sales@marketresearchstore.com
Website: http://www.marketresearchstore.com
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