Phenolic Resin Market Overview:
This Phenolic Resin market study’s purpose is to give an overview of the Phenolic Resin market as well as extensive market segmentation based on connection type, end-use, and geography. The report includes vital information on the market positions of the major Phenolic Resin companies, as well as notable industry trends and prospects.
Phenolic Resin Market Scope:
The research also focuses on the top industry players in the Global Phenolic Resin market, including details such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information.
Expected Growth due to the high demand for phenolic from the various end-use industries, the global phenolic resin market is anticipated to reach US$ 20.28 billion in 2027, growing at a CAGR of 5.5% from 2021 to 2027.
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Segmentation:
The phenolic resin market is further divided based on application into Wood adhesives, Foundry, Molding, Laminates, Insulation, Paper Impregnation, Coatings, and Others. Among these, the market for wood adhesives applications is the largest and is anticipated to continue growing throughout the forecast period (2021-2027). This increase is mostly attributable to the unique qualities of wood glue, such as its superior moisture resistance, water diluting ability, and resilience to weather. The Phenolic Resin’s main market is Asia Pacific.
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Key Players:
•Hexion Inc.
• Hitachi Chemical Co. Ltd.
• Sumitomo Bakelite Co. Ltd.
• BASF SE
• SI Group Inc.
• DIC Corporation Inc.
Regional Analysis:
The study also offers a complete PESTLE analysis for each of the five regions, namely North America, Europe, Asia Pacific, the Middle East and Africa, and South America, after considering the political, economic, social, and technical elements impacting the Phenolic Resin market in these regions.
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COVID-19 Impact Analysis on Phenolic Resin Market:
Customer behaviour has changed as a result of the COVID-19 epidemic in all areas of society. Industries, on the other hand, will need to revise their strategy to account for changing market supply. This report provides an overview of the COVID-19’s influence on the Phenolic Resin market and will assist you in developing your business in accordance with the new industry standards.
Key Questions answered in the Phenolic Resin Market Report are:
- Which product segment had the largest share in the Phenolic Resin market in 2020?
- How is the competitive landscape of the Phenolic Resin market?
- Which are the key factors aiding the Phenolic Resin market growth?
- Which region holds the maximum share in the Phenolic Resin market?
- What will be the CAGR of the Phenolic Resin market during the forecast period (2021-2027)?
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