Phenolic Resins are synthetic polymers. They are formed by the reaction between phenols and formaldehydes. They were the earliest commercial synthetic resins, and have been very popular in the market as molded products. Various products of phenolic resins available in the market today include resol resins, novolac resins, bio-phenolic resins, cresol novolac and formaldehyde-free phenolic resins. These products have been famous by various trade names such as Bakelite, Novo Text, Oasis, Maritex Aquarius etc.
Owing to properties such as adhesion, moisture resistance, heat resistance and high mechanical strength, phenolic resins find application in a myriad of industries. These industries include wood-adhesives, molding compounds, laminates, for insulation purposes, for offshore oil drilling, fire retardants, hardeners, as abrasives and friction materials.
Global phenolic resins market is primarily run by demands from automotive industry, as phenolic resins help in improving vehicle efficiency and fire resistance. The heavy demand for phenolic molding is another major driving force behind the growth of this market. Leading product in the global phenolic resins market is resol resin, owing to their heavy demand as optical coatings in wood-adhesives and laminates industry. They lead this market in terms of both demand and production. Besides optical coatings, phenolic resins also serve as a very good candidate for plywood and particleboard manufacture, attributed to their excellent moisture resistance.
In spite of their excellent properties and thus varied applications, they have recently come into focus as being unfriendly to the environment. This can be attributed to the formaldehyde emissions coming out from them. However, research activities are going on to try to modify their properties by using nanotechnology tools. If this becomes possible, then the market can have a huge scope of expansion.
Asia Pacific leads the global phenolic resins market in terms of both demand and production followed by North America, and Europe. The key players in global phenolic resins market include BASF SE, Ludwigshafen Verbund, Momentive Specialty Chemicals Inc., SI Group, Sumitomo Bakelite Co. Ltd., Prefere Resins, Dujodwala Paper Chemicals Ltd., Kolon Industries Inc., Georgia Pacific Chemicals LLC, DIC Corporation, Hitachi Chemical Co. Ltd., and Mitsui Chemicals Inc.
Decision Databases is involved in providing research reports and company profiles of the global phenolic resins market in terms of revenue and output/volume. Market drivers, opportunities and restraints, which influence this market, are thoroughly studied. This study is further utilized for the overall analysis of the market. The phenolic resins market is segmented based on the global applications, geographic presence, by-products and ingredients. We offer an inclusive category-specific market outlook. We provide access to a comprehensive collection of companies in the industry. The companies can strategize and execute business operations through our competitor analysis. Find the global industry analysis, market size, share, growth, and trends information in our phenolic resins profiles.
SEGMENTATION IN THE REPORT:
Phenolic Resins By Products:
1. INTRODUCTION TO THE PHENOLIC RESINS MARKET
2. EXECUTIVE SUMMARY
3. MARKET ANALYSIS OF PHENOLIC RESINS
4. PHENOLIC RESINS MARKET ANALYSIS BY PRODUCTS
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