Phenolic Resins Market Propelled by Rising Demand for Phenolic Molding Compounds : Transparency Market Research
This market research report states that the rising demand for phenolic resins can be attributed to the surging demand for phenolic molding compounds used extensively in the automotives market. Molding compounds are generally used for enhancing the efficiency of vehicles and are used in the production of suspension, seats, and bottom plates. These compounds are also used for manufacturing automobile tires. Phenolic resins refer to synthetic polymers. The reaction and interactivity between formaldehyde and phenol in the presence of heat...
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