The key drivers behind the growing demand of global phenolic resins include growing demand from construction and transports application, and increased usage of fire retardant materials in automotive and aircraft components. However, the volatility in crude oil prices is expected to restrain the growth of the global phenolic resins market, as crude oil is a major raw material needed for the manufacturing of phenolic resins. In addition, the environmental regulation regarding ... Read more

Phenolic resins are synthetic thermosetting resins prepared by either base-catalyzed (resoles) or acid-catalyzed (novolacs) addition polymerization of phenol with formaldehyde. While resoles are self-curing owing to the presence of reactive side groups, novolacs resins are not reactive and need a cross-linking agent to completely polymerize. Prominently, both novolak and resins are high-volume, reactive intermediates which experience a range of chemical transformation. In several cases, the ... Read more

The global Phenolic Resins Market is estimated to be valued at USD 14,605.0 million in 2021 and is expected to exhibit a CAGR of 4.84% over the forecast period of 2022-2030, as highlighted in a new report published by Coherent Market Insights.

A) Market Overview:

Phenolic resins are synthetic polymers derived from the reaction between phenol and formaldehyde. They are widely used in various industries for their excellent chemical and thermal ... Read more

The Phenolic Resins Market is estimated to be valued at US$ 16052.98 Mn or Million in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

The Phenolic Resins Market is a growing market with wide applications across various end use industries like wood adhesives, molding compounds, laminates and others. Phenolic resins are thermosetting resins ... Read more

Phenolic resins, also known as phenol–formaldehyde resins, are synthetic polymers that are produced from the reaction of phenol or substituted phenol with formaldehyde. They are commonly used as thermoset plastics and can be molded into a variety of products. Phenolic resins have excellent properties such as high mechanical strength, good thermal properties and high adhesion to a variety of substrates. They also provide good electrical insulation properties. The global phenolic resins market ... Read more