Published by Coherent Market Insights
Posted on September 29, 2021
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 phenolic resin.
Various trade names associated with these products include Bakelite, Aquarius, Maritex, Novo Text, and Oasis, etc. Attributed to its properties such as moisture resistance, heat resistance, adhesion, and high mechanical strength phenolic resins find prominent application in number of industrial activities such as laminates, offshore oil drilling, molding compounds, insulation purposes, hardeners, fire retardants, abrasives, friction materials, wood-adhesive, and others.
Top Key Players in Phenolic Resins market: BASF, SE, Hitachi, Chemical, Co., Ltd., Ludwigshafen, Verbund, Sumitomo, Bakelite, Co., Ltd., Georgia, Pacific, Chemicals, LLC, SI, Group, Prefere, Resins, Momentive, Specialty, Chemicals, Inc., DIC, Corporation, Kolon, Industries, Inc., and, Mitsui, Chemicals, Inc.
Regional Analysis For Phenolic Resins Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Phenolic Resins market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Regulatory framework pertaining to phenolic resins include Japan Society of Occupational Safety that marks the permissible concentration of phenol and formaldehyde for the production of phenol resins and Industrial Safety and Health Act that has stated phenol and formaldehyde as labeled substance which allows the usage of phenol resins in various applications. Other agencies such as the U.S. Environmental Protection Agency (EPA), European Phenolic Resins Association (EPRA), and, REACH are also some of regulatory bodies for phenolic resins industry. These bodies ensure consumers’ health & safety by limiting pollution, and hazardous emissions pertaining to this industry.
The global phenolic resin market is geographically segmented into North America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific has been the dominant market of phenolic resins in terms of consumption, thereby accounting for almost more than one-third share of the global phenolic resin market. This region is expected to exhibit the fastest growth during the forecast period (2016-2024), owing to the regulatory governing frameworks promoting the usage of lightweight composites in the automotive industry. Other driving factors for the significant growth in Asia Pacific include rapidly increasing population and rapid urbanization. According to the recent trends, phenolic resin manufacturers are gradually shifting their production bases from North America and Europe to emerging economies such as Asia in order to capitalize upon economies of scale by tapping in on low cost labor and extensive resource pools to increase production of phenolic resins.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Phenolic Resins market Analysis of Industry Share, Size, Growth Outlook appeared first on Gatorledger.
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 phenolic resin.
Various trade names associated with these products include Bakelite, Aquarius, Maritex, Novo Text, and Oasis, etc. Attributed to its properties such as moisture resistance, heat resistance, adhesion, and high mechanical strength phenolic resins find prominent application in number of industrial activities such as laminates, offshore oil drilling, molding compounds, insulation purposes, hardeners, fire retardants, abrasives, friction materials, wood-adhesive, and others.
Top Key Players in Phenolic Resins market: BASF, SE, Hitachi, Chemical, Co., Ltd., Ludwigshafen, Verbund, Sumitomo, Bakelite, Co., Ltd., Georgia, Pacific, Chemicals, LLC, SI, Group, Prefere, Resins, Momentive, Specialty, Chemicals, Inc., DIC, Corporation, Kolon, Industries, Inc., and, Mitsui, Chemicals, Inc.
Regional Analysis For Phenolic Resins Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Phenolic Resins market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Regulatory framework pertaining to phenolic resins include Japan Society of Occupational Safety that marks the permissible concentration of phenol and formaldehyde for the production of phenol resins and Industrial Safety and Health Act that has stated phenol and formaldehyde as labeled substance which allows the usage of phenol resins in various applications. Other agencies such as the U.S. Environmental Protection Agency (EPA), European Phenolic Resins Association (EPRA), and, REACH are also some of regulatory bodies for phenolic resins industry. These bodies ensure consumers’ health & safety by limiting pollution, and hazardous emissions pertaining to this industry.
The global phenolic resin market is geographically segmented into North America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific has been the dominant market of phenolic resins in terms of consumption, thereby accounting for almost more than one-third share of the global phenolic resin market. This region is expected to exhibit the fastest growth during the forecast period (2016-2024), owing to the regulatory governing frameworks promoting the usage of lightweight composites in the automotive industry. Other driving factors for the significant growth in Asia Pacific include rapidly increasing population and rapid urbanization. According to the recent trends, phenolic resin manufacturers are gradually shifting their production bases from North America and Europe to emerging economies such as Asia in order to capitalize upon economies of scale by tapping in on low cost labor and extensive resource pools to increase production of phenolic resins.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Phenolic Resins market Analysis of Industry Share, Size, Growth Outlook appeared first on Gatorledger.
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