Phenolic Resin Market

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. The global market is segregated on the basis of Application as Insulation, Paper Impregnation, Coatings, Others, Wood adhesives, Foundry, Molding, and Laminates. Based on End User the market is segmented in Furniture, Electrical & Electronics, Others, and Automotive. Based on Type the global market is segmented in Novolac resin, Others, and Resol resin.

The global market report provides geographical analysis covering regions, such as North America, Europe, Asia-Pacific, and the Rest of the World. The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

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.

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

Phenolic Resin Market, By Company

• 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)

The report covers the below scope:

• Global market sizes from 2019 to 2025, along with CAGR for 2020-2025
• Market size comparison for 2020 vs 2025, with actual data for 2020, estimates for 2021 and forecast from 2021 to 2025
• Global market trends, covering a comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis of competition pattern, portfolio comparisons, development trends, and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2020
• Projected year - 2021
• Forecast period - 2021 to 2025

Report Scope:

The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers the analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. Major industry players with significant revenue share include 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.

Why to Buy this Report:

• Gain detailed insights on the Phenolic Resin industry trends
• Find a complete analysis of the market status
• Identify the market opportunities and growth segments
• Analyze competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

The report targeted the existing players in the industry is as follows:

• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement

Report Content

1. Introduction

            1.1 Key Insights

            1.2 Report Overview

            1.3 Markets Covered

            1.4 Stakeholders

2. Research Methodology

            2.1 Research Scope

            2.2 Market Research Process

            2.3 Research Data Analysis

                        2.4.1 Secondary Research

                        2.4.2 Primary Research

                        2.4.3 Models for Estimation

            2.5 Market Size Estimation

                        2.5.1 Bottom-Up Approach - Segmental Market Analysis

                        2.5.2 Top-Down Approach - Parent Market Analysis

3. Executive Summary
4. Market Overview

            4.1 Introduction

                        4.2.1 Drivers

                        4.2.2 Restraints

                        4.2.3 Opportunities

                        4.2.4 Challenges

            4.2 Porter's Five Force Analysis

5. Phenolic Resin Market, By Application

            5.1 Introduction

            5.2 Insulation

                        5.2.1 Market Overview

                        5.2.2 Market Size and Forecast

            5.3 Paper Impregnation

                        5.3.1 Market Overview

                        5.3.2 Market Size and Forecast

            5.4 Coatings

                        5.4.1 Market Overview

                        5.4.2 Market Size and Forecast

            5.5 Others

                        5.5.1 Market Overview

                        5.5.2 Market Size and Forecast

            5.6 Wood adhesives

                        5.6.1 Market Overview

                        5.6.2 Market Size and Forecast

            5.7 Foundry

                        5.7.1 Market Overview

                        5.7.2 Market Size and Forecast

            5.8 Molding

                        5.8.1 Market Overview

                        5.8.2 Market Size and Forecast

            5.9 Laminates

                        5.9.1 Market Overview

                        5.9.2 Market Size and Forecast

6. Phenolic Resin Market, By End User

            6.1 Introduction

            6.2 Furniture

                        6.2.1 Market Overview

                        6.2.2 Market Size and Forecast

            6.3 Electrical & electronics

                        6.3.1 Market Overview

                        6.3.2 Market Size and Forecast

            6.4 Others

                        6.4.1 Market Overview

                        6.4.2 Market Size and Forecast

            6.5 Automotive

                        6.5.1 Market Overview

                        6.5.2 Market Size and Forecast

7. Phenolic Resin Market, By Type

            7.1 Introduction

            7.2 Novolac resin

                        7.2.1 Market Overview

                        7.2.2 Market Size and Forecast

            7.3 Others

                        7.3.1 Market Overview

                        7.3.2 Market Size and Forecast

            7.4 Resol resin

                        7.4.1 Market Overview

                        7.4.2 Market Size and Forecast

8. Phenolic Resin Market, By Geography

            8.1 Introduction

            8.2 North America

                        8.2.1 North America Market, By Application

                        8.2.2 North America Market, By End User

                        8.2.3 North America Market, By Type

            8.3 Europe

                        8.3.1 Europe Market, By Application

                        8.3.2 Europe Market, By End User

                        8.3.3 Europe Market, By Type

            8.4 Asia-Pacific

                        8.4.1 Asia-Pacific Market, By Application

                        8.4.2 Asia-Pacific Market, By End User

                        8.4.3 Asia-Pacific Market, By Type

            8.5 Rest of the World

                        8.5.1 Rest of the World Market, By Application

                        8.5.2 Rest of the World Market, By End User

                        8.5.3 Rest of the World Market, By Type

9. Competitive Insights

            9.1 Key Insights

            9.2 Company Market Share Analysis

            9.3 Strategic Outlook

                        9.3.1 Mergers & Acquisitions

                        9.3.2 New Product Development

                        9.3.3 Portfolio/Production Capacity Expansions

                        9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements

                        9.3.5 Others

10. Company Profiles

            10.1 Hexion Inc. (US)

                        10.1.1 Company Overview

                        10.1.2 Product/Service Landscape

                        10.1.3 Financial Overview

                        10.1.4 Recent Developments

            10.2 Hitachi Chemical Co. Ltd. (Japan)

                        10.2.1 Company Overview

                        10.2.2 Product/Service Landscape

                        10.2.3 Financial Overview

                        10.2.4 Recent Developments

            10.3 Sumitomo Bakelite Co. Ltd. (Japan)

                        10.3.1 Company Overview

                        10.3.2 Product/Service Landscape

                        10.3.3 Financial Overview

                        10.3.4 Recent Developments

            10.4 BASF SE (Germany)

                        10.4.1 Company Overview

                        10.4.2 Product/Service Landscape

                        10.4.3 Financial Overview

                        10.4.4 Recent Developments

            10.5 SI Group Inc. (US)

                        10.5.1 Company Overview

                        10.5.2 Product/Service Landscape

                        10.5.3 Financial Overview

                        10.5.4 Recent Developments

            10.6 DIC Corporation Inc. (Japan)

                        10.6.1 Company Overview

                        10.6.2 Product/Service Landscape

                        10.6.3 Financial Overview

                        10.6.4 Recent Developments

            10.7 Kolon Industries Inc. (South Korea)

                        10.7.1 Company Overview

                        10.7.2 Product/Service Landscape

                        10.7.3 Financial Overview

                        10.7.4 Recent Developments

            10.8 Shandong Laiwu new material Co. Ltd (China)

                        10.8.1 Company Overview

                        10.8.2 Product/Service Landscape

                        10.8.3 Financial Overview

                        10.8.4 Recent Developments

            10.9 Changshu South-East Plastic Co. Ltd. (China)

            &nbs