The Phenolic Resin market is expected to grow from USD 14.13 billion in 2019 to USD 19.60 billion by 2025 at a CAGR of 5.6% from 2019 to 2025.
Phenolic resins, also known as phenol–formaldehyde resins, are synthetic polymers that are formed from the reaction of phenol or substituted phenol with formaldehyde at high temperatures. These are broadly used in wood adhesives, molding compounds, and laminates. The resins are flame-retardant, validate high heat resistance, high tensile strength, and low toxicity, and generate low smoke. These resins have good chemical and physical properties like high mechanical strength, good heat resistance, low toxicity, and low smoke formation. These characteristics of resins have subsidized to the development of market. It is confidential further into novolacs and resolves that have high temperature and chemical stability. Phenolic resins are used in manufacturing circuit boards and the wide range of molded products such as billiard balls, laboratory countertops, as well as in coatings and adhesives. Developing trends, which have a direct impact on the dynamics of the phenolic resin industry, contain the development of bio-based phenolic resin, and upgraded penetration of phenolic resin in applications where fire, smoke, and toxicity properties are required.
View Complete Report: @ https://marketreportslibrary.com/report/cm0385/phenolic-resin-market
The global Phenolic Resin market has been segmented as below:
By Application
Insulation
Paper Impregnation
Coatings
Others
Wood adhesives
Foundry
Molding
Laminates
By End-User
Furniture
Electrical & electronics
Others
Automotive
By Type
Novolac resin
Others
Resol resin
Liquid Resol resin
Solid Resol resin
By Region
North America
Europe
Asia-Pacific
Rest of the World
Competitive Rivalry
Hexion Inc. (US), Hitachi Chemical Co. Ltd. (Japan), Sumitomo Bakelite Co. Ltd. (Japan), BASF SE (Germany), SI Group Inc. (US), DIC Corporation Inc. (Japan), Kolon Industries Inc. (South Korea), Shandong Laiwu new material Co. Ltd (China), Changshu South-East Plastic Co. Ltd. (China), and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
Request a Sample of this Report: @ https://marketreportslibrary.com/request/sample/cm0385/phenolic-resin-market
Explore other reports from ”chemicals and advanced materials” sector @ https://marketreportslibrary.com/category/chemicals-and-advanced-materials

Contact Us:
SRR residency Mig-59,
7th phase Kphb colony
Near prathibha school
Hyderabad, 500072
[email protected]