Los Angeles, CA -- (SBWIRE) -- 05/16/2019 -- Phenolic resins or phenol formaldehyde resins or 2-methoxy-6-methylphenol are synthetic polymers that are obtained by the polymerization of formaldehyde and phenol. These are resistant to acids, water, and organic solvents. These are used especially in the molded and laminated products, adhesives, and coatings. Phenolic resins possess good chemical and physical properties such as low toxicity, high mechanical strength, low smoke formation, good heat resistance, and high thermal stability.

Resol resin is expected to lead the global phenolic resin market during the forecast period, followed by novolac resin. Resol resin is expected to lead the market due to its growing use in the wood adhesives application. The market for resol resin is also expected to witness the highest CAGR from 2018 to 2023. The main features of resol resin are, the superior heat resistance, high flexibility, mechanical strength, and moldability, and excellent friction properties.

Automotive is the largest and the fastest-growing end-use industry due to the growing automobile sales. In addition, the increase in the use of phenolic resins in applications such as, brake linings, clutch facing, and brake pads is also expected to drive the phenolic resin market.

Currently, the Asia-Pacific region is the largest market for phenolic resin. Rapid industrialization and improved living standards are expected to drive the increasing demand for phenolic resin. The Middle Eastern & African region is projected to be the second-fastest growing market from 2018 to 2023. This growth is attributed to the rapidly growing automotive and building & construction industries in the region.

The global Phenolic Resin market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025. This report studies the Phenolic Resin market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Ask for PDF Copy of this Report at https://www.qyresearch.com/sample-form/form/1116244/global-phenolic-resin-market

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Phenolic Resin in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Ashland

BASF

DIC

Hexion

Hitachi Chemicals

Sumitomo Bakelite

allnex group

Capiton

Chemovate

DynaChem

Fenolit d.d.

Georgia-Pacific Chemicals

Kolon Industries

LERG

MITSUI CHEMICALS AMERICA

Romit Resins

Shandong Laiwu Runda New Material

SHENGQUAN GROUP

SI Group

Sprea Misr

Tembec

UCP Chemicals

By the product type, the market is primarily split into

Resol Resin

Novolac Resin

Others

By the end users/application, this report covers the following segments

Automotive

Building & Construction

Furniture

Electrical & Electronics

Benefits of Purchasing QY Research Report
Analyst Support: Get you query resolved from our expert analysts before and after purchasing the report
Customer's Satisfaction: Our expert team will assist with all your research needs and customize the report
Inimitable Expertise: Analysts will provide deep insights about the reports
Assured Quality: We focus on the quality and accuracy of the report

Order a Copy of Report at https://www.qyresearch.com/settlement/pre/8dad649055ebe8231aab6e2ae7cba0b5,0,1,Global%20Phenolic%20Resin%20Market%20Report,%20History%20and%20Forecast%202014-2025,%20Breakdown%20Data%20by%20Manufacturers,%20Key%20Regions,%20Types%20and%20Application

About QYResearch
QYResearch always pursuits high product quality with the belief that quality is the soul of business. Through years of effort and supports from huge number of customer supports, QYResearch consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. Today, QYResearch has become the brand of quality assurance in consulting industry.