Press release
Phenolic Resin Market Emerging Analysis, Future Growth and Business Opportunities 2030
The Phenolic Resin Market Emerging Analysis, Future Growth and Business Opportunities 2030 market crossed the US$ 12 billion mark in 2022 and is expected to hit US$ 17 billion by 2030, recording a CAGR of 4.0% during the forecast period.Phenolic resin is also known as phenol formaldehyde resin which are synthetic polymers obtained by reaction of phenol or substituted phenol with formaldehyde. They are commonly used in the manufacturing of coating, molded products, adhesives, and other products. phenolic resin offers enhanced properties such as high moldability, low toxicity, mechanical strength, and the ability to blend with polymers has surged in use in various end use industries. Phenolic resins are used as durable binders and adhesives in structural wood panels and as a binder in mineral wool insulation due to water resistance. These factors have surged the demand for the phenolic resins market during the forecast period.
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Top Key Players Listed in the Phenolic Resin Market 2022 - 2030 Report Are:
Bakelite Synthetics
Sumitomo Bakelite Company Limited
SI Group Inc.
Ashland Global Holdings, Inc.
BASF SE
In this report, the market has been segmented on the basis of:
Type:
Resol
Novolac
Others
Application:
Wood Adhesives
Laminates
Foundry & Molding
Paper Impregnation
Coating
Insulation
Others
End Use:
Building & Construction
Furniture
Automotive
Electrical & Electronics
Others
Region
North America
Europe
Asia Pacific (APAC)
South & Central America
Middle East & Africa
The Phenolic Resin Market 2022 - 2030 Competitive Viewpoint:
This analysis is a useful resource for investors, shareholders, industry planners, and new and existing businesses trying to broaden their reach within the current Market situation. While focusing on top companies and their corporate strategies, market presence, operative segmentation, aggressive outlook, geographical growth, pricing and price structures, the study painstakingly takes into consideration the market analysis.
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Reason to buy this report:
• Understand the Current and future of the Phenolic Resin Market in both Established and rising markets.
• The report enlightens the massive patterns, causes, and impact factors globally and regionally.
• The latest developments within the Phenolic Resin market and details of the industry leaders alongside their market share and methods.
• It looks into vital developments like extensions, agreements, new product launches, and acquisitions on the horizon.
• Analysis the market's potential, preferred position, opportunity, difficulty, restrictions, and hazards on a world and regional level.
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
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