Los Angeles, CA -- (SBWIRE) -- 05/14/2019 -- 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 is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. This report focuses on Phenolic Resin volume and value at global level, regional level and company level. From a global perspective, this report represents overall Phenolic Resin market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

Ask for PDF Copy of this Report at https://www.qyresearch.com/sample-form/form/984055/global-phenolic-resin-market

The following manufacturers are covered:

Ashland

BASF

DIC

Hexion

Hitachi Chemicals

Sumitomo Bakelite

allnex group

Capiton

Chemovate

DynaChem

Fenolit d.d.

Georgia-Pacific Chemicals

Kolon Industries

Segment by Regions

North America

Europe

China

Japan

Segment by Type

Resol Resin

Novolac Resin

Others

Segment by Application

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/349d350963cc0af3faa16b3480273e42,0,1,Global%20Phenolic%20Resin%20Market%20Size%20Study%20and%20Regional%20Forecasts%202019-2025

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.