The global market for phenolic resins is highly competitive in nature and fragmented in nature, owing to the presence of a large number of players operating in it around the world, states a new market intelligence report by Transparency Market Research. Some of the leading players in the global phenolic resins market are BASF SE, Sumitomo Bakelite Co., Ltd., Mitsui Chemicals Inc., and Georgia Pacific ... Read more
Phenolic resins or phenol formaldehyde resins are the synthetic polymers derived from the reaction between formaldehyde and phenol. Phenolic resins were regarded as the first commercial resins used in manufacturing of molded products such as laboratory countertops and billiard balls. They are also used as coasting and adhesives. Various product types of phenolic resin currently available in the market, include novolac resin, cresol, resol resin, bio-phenolic resin, and formaldehyde-free ... Read more
The global Phenolic resins market anticipated to grow significantly on account of growing demand from the automotive and building & construction industries. Moreover, the advanced properties associated with phenolic resins and increasing demand from tire industry are expected to drive market over the forecast period.
Growing demand of these applications has increased the production of phenolic resins to meet the current ... Read more
The global phenolic resins market has experienced a notable growth and it has been projected that the global market will see stable growth during the forecast period. The high mechanical strengths, low toxicity, heat resistance, low smoke and other several properties have made the phenolic resins to make their use in the applications such as in laminations, wood adhesives, molding compound, construction, automobile and others. ... Read more
The global Phenolic Resins Market is estimated to be valued at US$ 14605.0 Million in 2021 and is expected to exhibit a CAGR of 4.84% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Phenolic resins are synthetic polymers that are widely used in various industries such as automotive, construction, and ... Read more
Phenolic resins are thermosetting resins that are manufactured by the condensation of phenol or substituted phenol and formaldehyde. They provide excellent properties such as thermal stability, fire resistance, insulation, and adhesiveness. Phenolic resins are extensively used in manufacturing of laminates, molding compounds, wood adhesives, foundry resins, and abrasion-resistant composite materials. Rapid industrialization and urbanization has increased the demand for insulation materials ... Read more
