Phenolic Resin Market (By Type: Novolac Resin, Resol Resin, Others; By Application: Wood Adhesives, Insulation, Coatings, Laminates, Paper Impregnation, Foundry, Molding Compound, Others, By End User: Automotive, Furniture, Electrical & Electronics, Building & Construction, Industrial, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Category : Chemicals and Materials | Delivery Format : PDF | Status: Published | Pages : 190

The global phenolic resin Market is expected to grow at CAGR 4.8% during the forecast period, 2019-2026 and will reach over USD 15.3 Billion by 2026.

Phenolic resins are one of the most adaptive materials with diverse application scope having a number of properties such as sustainability, high heat, porosity, flexibility, chemical resistance, and sliding proeperties are anticipated to promote its demand in aerospace, automotive, and construction sectors. Increasing product usage in laminates is expected to be a major growth driver for the phenolic resins market. The global phenolic resin market is heading towards the growth expansion phase of life cycle and is projected to grow significantly during the forecast period. The market is expected to grow at CAGR of 4.8% during the assessment period. Some of the major growth driving factor in this market is cost effective and environmentally free nature of this process, technological advancements in the printing the technologies, and high demand for UV cured inks. Technology momentum has changed the way products are being printed in the packaging industry. This has led to the new product formulation specifically in the packaging printing thereby creating the new growth opportunities. Phenolic Resin is product of technology advancement which has low VOC content and is a eco-friendly that resulting into preference for flexible and colorful packaging with high quality printing ink. It altogether has driving the demand for phenolic resin and contributing significantly in this market. Since the packaging industry is the major consumer of the phenolic resin, high growth for sustainable packaging is boosting the growth of this market. Technological momentum has led to product innovation and which is then launched by major industry players after regular interval has set a growth pattern for phenolic resin market. For instance, Sun chemical introduced new UV based printing on may 2018. Therefore, growth projections are anticipated taking into account the technology momentum. On the other hand, strong penetration of digitalization in the publishing industry driven by trend for e-commerce restraining the growth of this market. This factor further anticipated to further restrain the growth of this market due to high adoption of e-commerce. However, high adoption of water based flexographic inks expected to offer new growth opportunities due to its environmentally free nature.

The market research study on “Phenolic Resin Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers a detailed outlook, strategic recommendations, and insightful viewpoints on the global Phenolic Resin market. The report also analyzes the key players operating in Phenolic Resin market and identifies the key strategies deployed by them along with the market share of leading players.

The global Phenolic Resin market is segmented as below:

Phenolic Resin Market By Type

  • Novolac Resin
  • Resol Resin
  • Others

Phenolic Resin Market By Application

  • Wood Adhesives
  • Insulation
  • Coatings
  • Laminates
  • Paper Impregnation
  • Foundry
  • Molding Compound
  • Others

Phenolic Resin Market By End User

  • Automotive
  • Furniture
  • Electrical & Electronics
  • Building & Construction
  • Industrial
  • Others

Phenolic Resin Market By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Sweden
    • Norway
    • Denmark
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • Singapore
    • India
    • Rest of Asia-Pacific
  • Rest of the World
    • UAE
    • Qatar
    • Saudi Arabia
    • South Africa
    • Rest of the World

The global phenolic resin market is segmented by type, Application, and region.

On the basis of type, the market is segmented into novolac resin, resol resin, and others

Based on application type, the global phenolic resin market is segmented into wood adhesives, insulation, coatings, laminates, paper impregnation, foundry, molding compound, and others

On the basis of end-use, the market is segmented into automotive, furniture, electrical & electronics, building & construction, industrial, and others.

Geographically, Phenolic Resin market is segmented into North America, Europe, Asia Pacific, Latin America and The Middle East & Africa (LAMEA).

Asia-Pacific was the dominant market in the global phenolic resin market in 2018. The region accounted for largest market share both in terms of value and volume in 2018. Considerable economical growth across the major economies of the region such as China, India and Japan, and high demand from food and beverages, cosmetics and pharmaceutical packaging printing are some major growth driving factors in this region. Trend for aesthetic packaging in the cosmetic and food & beverage industry further encouraging the demand for phenolic resin. North America is the second largest market in this market followed by Europe. The phenolic resin market in North America is growing at a faster pace owing to various factors such as strict government regulations regarding environmental safety. Consumers are attracted to these sustainable solutions due to the environmental benefits such as reduced greenhouse emissions offered by the phenolic resin Constant efforts are being made to enhance new systems such as self-compressing bags.

On the other hand, LAMEA holds the least share in the phenolic resin market however, in hear future the market will possess the tremendous growth owing to the huge untapped opportunity, low labor cost and continuously increasing spending of the people.

Some of the major players analyzed and profiles in this market include Flint Group, Siegwerk Druckfarben AG & Co., Huber Group, Sun Chemical Corporation, Wikoff Color Corporation, Zeller+Gmelin GmbH & Co. KG., INX International Ink Co, Toyo Ink SC Holdings Co, ALTANA AG and XSYS Print Solutions (Shanghai) Ltd. among others.


Related Reports

Lignin Market (By Product: Ligno-sulphonates, Organosolv Lignin, Kraft Lignin, Others; By Application: Macromolecules, Aromatics) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global lignin market value is expected to reach around US$ 907.1 million by 2026 and forecasted to grow at a CAGR of 2% over the time frame 2019 to 2026. The report provides analysis of global lignin market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights The worldwide lignin industry is evolving at a good pace, with a favorable develop

Graphene Market (By Product: Graphene nanoplatelets, Graphene oxide, Others; By Application: Electronics, Composites, Energy, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global graphene market is forecasted to grow at a CAGR around 38.2% over the forecast time frame 2019 to 2026 and reach around US$ 552.6 million by 2026. The report provides analysis of global Graphene market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Increasing demand for lightweight and durable products for different parts, incl

Acetic Acid Market (By Manufacturing Process: Synthetic route{ Methanol carbonylation, Terephthalic/isophthalic acid coproduct, Paraffin oxidation, Oxidation of hydrocarbons, Olefin oxidation}, Biological route; By Application: Vinyl acetate monomer, Monochloroacetic, Acetic anhydride, Terephthalic acid, Acetate esters, Dimethylacetamide, Ketene, Textiles, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global acetic acid market size is expected to worth around US$ 16.4 billion by 2026 and forecasted to grow at striking CAGR around 6.2% over the forecast time frame 2019 to 2026, According to Acumen Research and Consulting. The report provides analysis of global acetic acid market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Also re

Hydrogen Peroxide Market (By End User: Mining, Chemical, Paper & pulp, Wastewater Treatment and Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global hydrogen peroxide market size is expected to reach around US$ 6.3 billion by 2026 and forecasted to grow at a CAGR of 5.2 % over forecast period 2019 to 2026. Hydrogen peroxide or H2O2 was identified in 1818 as a chemical compound. It is a transparent liquid that is used mainly in diverse sectors because of its superior bleaching properties. This chemical compound is marginally more viscous than wate

Chondroitin Sulfate Market (By Source: Bovine, Swine, Poultry, Shark, Synthetic; By Application: Dietary Supplements, Pharmaceutical, Cosmetics, Veterinary Use) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

According to Acumen Research and Consulting, the global chondroitin sulfate market size is anticipated to worth around US$ 1.5 billion by 2026 and growing at a CAGR of 3.3 % over the forecast time period 2019 to 2026. Chondroitin sulfate is also regarded as glycosaminoglycan sulfated glucose (GAG). Chondroitin sulfate comprises a large alternating sugar chain including glucuronic acid and N-acetylgalactosamine. Chondroitin sulfate is a chemical compound d

Biological Seed Treatment Market (By Product: Microbials, Botanicals and Others; By Function: Seed Enhancement, Seed Protection; By Crop Type: Vegetable Crops, Wheat, Corn, Soybean, Sunflower, Cotton, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

Introduction According to Acumen Research and Consulting, the global biological seed treatment market size is expected to worth around US$ 2 billion by 2026 and to grow at striking CAGR around 11.2 % from 2019 to 2026. The report provides analysis of global Biological Seed Treatment market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Ins

Cart Summary