09-Nov-2015 | Market Research Store

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.

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

About Us

Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each Zion Research syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.

Contact US:

Joel John
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

-->