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 marketwas 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.
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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.
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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.
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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
Table Of Content:

Chapter 1. Introduction
1.1. Report description and scope
1.2. Research scope
1.3. Research methodology
1.3.1. Market research process
1.3.2. Market research methodology
Chapter 2. Executive Summary
2.1. Global phenolic resins market, 2014 – 2020 (Kilo Tons) (USD Million)
2.2. Global phenolic resins market : Snapshot
Chapter 3. Global Phenolic Resins – Market Dynamics
3.1. Introduction
3.2. Value chain analysis
3.3. Market drivers
3.3.1. Drivers for global phenolic resins market: Impact analysis
3.3.2. Increasing demand for tiers
3.3.3. Developing automotive industries
3.4. Market restraints
3.4.1. Restraints for global phenolic resins market: Impact analysis
3.4.2. High cost
3.5. Market opportunities
3.5.1. Adoption of new nanotechnology
3.5.2. Increasing construction industry
3.6. Porter’s five forces analysis
3.6.1. Bargaining power of suppliers
3.6.2. Bargaining power of buyers
3.6.3. Threat of new entrants
3.6.4. Threat from substitutes
3.6.5. Degree of competition
3.7. Phenolic resins: Market attractiveness analysis
3.7.1. Market attractiveness analysis by product segment
3.7.2. Market attractiveness analysis by application segment
3.7.3. Market attractiveness analysis by regional segment
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