The global phenolic resins market size is expected to reach USD 22.41 billion by 2030 according to a new study by Polaris Market Research. The report “Phenolic Resins Market Share, Size, Trends, Industry Analysis Report, By Product [Novolac, Resols (Solid, Liquid)]; By Application; By End-Use; By Region; Segments Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Phenolic resins are among the most widely used thermoplastics resins, with applications ranging from wood sealants to fibers wool binding material, moldable components for automotive companies, including abrasives, brakes, foam, protective coating, polyimide, nanocomposite, metal plaster molds, and elastomeric sector.
These phenolic resin sector categories are vital to the economic systems and overall well-being of both developing and established countries. Increasing demand in end-use sectors is expected to increase the demand for a phenolic resin over the forecast period.
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Over the forecast period, the demand for the novolac segment is expected to grow significantly due to increasing application in the automobile industry. Furthermore, high thermal stability along with high molding properties is expected to fuel this trend.
Asia Pacific is expected to hold the majority share in the global market over the forecast period due to increasing infrastructure activities across developing economies, including China and India of this region. Furthermore, increasing urbanization growing demand for electronics is expected to fuel the market growth.
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Some of the players functioning in the global industry include Arizona Chemical Company LLC, Arclin Inc., Asahi Kasei, BASF SE, Ashland Inc., Changchun group, DIC Corporation, DYNEA, GUN EI Chemical Industry, Georgia Pacific Chemicals, Hexcel Corp., Hitachi Chemical Co. Ltd., Hexion, Kangnam Chemical Co. Ltd., Momentive Specialty Chemicals, Kolon Industries Inc., Olympic Panel Products LLC, Red Avenue New Materials., Owens Corning, SI Group Inc., Yushiju Chemical, Sumitomo Bakelite Co. Ltd., and Zhejiang Hangmo.
Market Research Future Published a Half Cooked Research Report on Global Blow Molding Resins Market Research Report – Forecast to 2023Industry Overview:Blow Molding is considered a process which is done for forming hollow products by mounting a hot plastic mass against the internal surfaces of a mold.
Therefore, the products developed by Blow Molding exhibit chemical, scratch, and abrasion resistance along with the high gloss.
Market Research Future has published a new report stating that Global Blow Molding Resins Market is proliferating remarkably and will continue with the same pace of growth during the forecast period by 2023.Key Players:Some of the Efficient Manufacturers Operational in the Global Blow Molding Resins Market are named as BASF SE (Germany), Eastman Chemical Company (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), DowDuPont (U.S.), SABIC (Saudi Arabia), Exxon Mobil Corporation (U.S.), Solvay (Belgium), INEOS (Switzerland), China Petrochemical Corporation (China), Formosa Plastics Group (Taiwan), Chevron Corporation (U.S.), Versalis S.p.A. (Italy), Lanxess (Germany), Reliance Industries Limited (India), and LG Chem (South Korea).Industry News:3rd Jule 2019: Milacron Holdings Corp. completes $51M sale of Uniloy blow molding business to two private equity businesses, and Milacron announced the price that is nearly $51.9 million.Get Free Sample @ https://www.marketresearchfuture.com/sample_request/6127Industry Drivers & Trends:The Global Blow Molding Resins Market is chiefly driven by factors such as escalating demand from the packaging industry as these have extreme features such as flexibility, durability, and low cost as well as superior properties of scratch and chemical resistance.
As these posses, such immense features, the Blow Molding Resins are extensively used in food packaging & beverage bottling, including bakery products, dry foods, meat & cheese, pet food, snacks, carbonated drinks, and others.The rising demand for ready-to-eat processed food that has longer perishability owing to the fast-paced lifestyle has amplified the application in the food & beverage packaging, which in turn has augmented the market growth remarkably.
Also, the high demand for light-weight vehicles due to the stringent emission regulations with the concern of environmental health is anticipated to stimulate the product demand over the review period.
It has also been studied that the high penetration of blow molding products in primary industries of food & beverage, automotive, consumer goods, and many others have undoubtedly shifted the focus of key players towards market development, which has impacted the market growth incredibly.However, on the flip side, the unpredictability in the prices of crude oil could be a negative impact on the Global Blow Molding Resins Market growth during the forecast period.Browse Key Industry Insights spread across 100 pages with 47 market data tables & 12 figures & charts from the report, “Blow Molding Resins Market Information: By Molding Process (Extrusion, Injection Blow Molding), Type (PE, PP, PET, ABS, PC, and Others), End-Use Industry (Packaging, Automotive, Consumer Goods, and Others) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/blow-molding-resins-market-6127Industry Segmentation:Global Blow Molding Resins Market has been segmented by the Molding Process, Type and End-Use Industry.In terms of the Molding Process, Global Blow Molding Resins Market has been segmented as extrusion, injection blow molding, and injection stretch blow molding.In terms of the Type, the market has been segmented as polyethylene, polypropylene, polyethylene terephthalate, acrylonitrile butadiene styrene, polyvinyl chloride, nylon/ polyamides, polycarbonate, and many others.In terms of the End-Use Industry, the market has been segmented into packaging, automotive, consumer goods, building & construction, electronics, and others.Read our Blogs @ http://mrfrblog.comRegional Outlook:Global Blow Molding Resins Market is covered across critical regions of Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.The Asia Pacific led the Global Blow Molding Resins Market in 2017 in support of high demand for Blow Molding Resins in major end-use industries such as packaging, automotive, construction, electronics, and others.
Phenolic resins, also known as phenol–formaldehyde resins are synthetic polymers which are produced from the reaction of phenol or substituted phenol with formaldehyde at high temperatures.
They are hugely applicable in wood adhesives, molding compounds, and laminates.
The resins provide the properties of excellent flame-retardant, showcase high tensile strength, high heat resistance and low toxicity.phenolic resins market is expected to rise to an estimated value of USD 16.9 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026.
The high growth of this market is due to rising demand for plastics which provides strength, high thermal resistance and fire-resistant properties.
Get Sample PDF (including COVID19 Impact Analysis) of Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-phenolic-resins-marketMarket Drivers and Restraints:Growing volatility in the production of phenolic resins is propelling the market growthGrowing demand from the construction and transportation industries is expected to further boost the market growthRising application of phenolic resins in nanotechnology acts as a market driverIncreasing demand of phenolic resins for decorative as well as industrial laminated is propelling the market growthVolatility in crude oil prices is restricting the growth of this marketEnvironmental regulations regarding formaldehyde emissions also hampers the market growthHuge investments are required to modify production processes which can also restrict the growth of this market The major players covered in the Phenolic Resins MarketFew of the major competitors currently working in the global phenolic resins market are Mitsui Chemicals, Inc., Hexion, BASF SE, SBHPP, Aica Kogyo Co., Ltd., SI Group, Inc., LERG SA., Shengquan Group, UCP Chemicals AG, Tongcheng-Elong, SHANDONG LAIWU RUNDA NEW MATERIAL CO.,LTD, ALLNEX NETHERLANDS B.V., Plenco, Metadynea International, Kolon Industries Inc., Georgia-Pacific Chemicals LLC, Prefere Resins Holding GmbH, Chang Chun Group among others.MAJOR TOC OF THE REPORTChapter One: Phenolic Resins Market OverviewChapter Two: Manufacturers ProfilesChapter Three: Global Phenolic Resins Market Competition, by PlayersChapter Four: Global Phenolic Resins Market Size by RegionsChapter Five: North America Phenolic Resins Market Revenue by CountriesChapter Six: Europe Phenolic Resins Market Revenue by CountriesChapter Seven: Asia-Pacific Phenolic Resins Market Revenue by CountriesChapter Eight: South America Phenolic Resins Market Revenue by CountriesGet Detail TOC@https://www.databridgemarketresearch.com/toc/?dbmr=global-phenolic-resins-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global Phenolic Resins MarketAnalysis of market effect factors and their impact on the forecast and outlook of the global Phenolic Resins MarketThe detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Emulsion Adhesives MarketA roadmap of growth opportunities available in the global Phenolic Resins Market with the identification of key factorsThe exhaustive analysis of various trends of the global Phenolic Resins Market to help identify market developmentsKey Questions Answered in Report:What is the key to the Phenolic Resins Market ?What will the Phenolic Resins Market Demand and what will be Growth?What are the latest opportunities for Phenolic Resins Market in the future?What are the strengths of the key players?Access Full Report @https://www.databridgemarketresearch.com/reports/global-phenolic-resins-marketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the marketContact:Data Bridge Market ResearchTel: +1-888-387-2818Email: [email protected] Related Reports@Matting Agents MarketMedicinal Chemistry for Drug Discovery MarketMelamine Formaldehyde Market
