Impact of COVID-19 on the Phenolic Resins Market: Challenges and Recovery Strategies

Ben Wood

Impact of COVID-19 on the Phenolic Resins Market: Challenges and Recovery Strategies

The COVID-19 pandemic has had a significant impact on the phenolic resins market, presenting both challenges and opportunities for manufacturers. The pandemic caused disruptions in global supply chains, reduced manufacturing activities, and dampened demand across various industries, including automotive, construction, and electronics.

One of the major challenges faced by the phenolic resins market during the pandemic was the disruption in the supply of raw materials. Lockdown measures, travel restrictions, and reduced production activities affected the availability of key raw materials, leading to supply chain disruptions and production delays. Manufacturers had to adapt to the changing supply chain dynamics by diversifying their supplier base and exploring alternative sourcing options.

Furthermore, the decline in economic activities and reduced consumer spending during the pandemic impacted the demand for phenolic resins. Industries such as automotive and construction experienced a slowdown, leading to a decreased demand for phenolic resins in these sectors. This resulted in reduced production volumes and revenue for manufacturers.

To navigate the challenges posed by the pandemic, phenolic resin manufacturers implemented various recovery strategies. These strategies included cost optimization measures, such as streamlining operations and reducing overheads, to enhance operational efficiency and preserve profitability. Manufacturers also focused on product innovation and customization to cater to the changing needs of industries and align with emerging market trends.

As economies gradually recover and vaccination efforts progress, the phenolic resins market is expected to rebound. The resumption of manufacturing activities, resurgent demand in key industries, and government stimulus measures aimed at infrastructure development are anticipated to drive the market's recovery. Moreover, the increasing focus on sustainability and eco-friendly materials presents opportunities for manufacturers to meet the growing demand for environmentally responsible phenolic resins.

Overall, while the COVID-19 pandemic presented challenges for the phenolic resins market, manufacturers have responded with resilience and adaptability. As the world moves towards recovery, the market is expected to regain momentum and witness growth in the post-pandemic period.

https://knackersblogger.blogspot.com/2023/07/regional-analysis-of-phenolic-resins.html

Ben Wood

Advancements in Phenolic Resins: Innovations and Future Trends

Ben Wood 2023-06-14

One notable advancement is the development of high-temperature resistant Phenolic resins. Another area of innovation is the incorporation of nanotechnology into phenolic resins. By adding nanoscale fillers or reinforcements, the mechanical, electrical, and thermal properties of phenolic resins can be further enhanced. Nanocomposite phenolic resins show improved strength, stiffness, and flame-retardant properties, making them suitable for advanced applications in engineering and electronics. Looking ahead, future trends in phenolic resins include the integration of sustainable and bio-based raw materials, as well as advancements in recycling technologies to promote a circular economy.

The Phenolic Resins Market Is Estimated To Witness High Growth Owing To Increasing Application In Wood Adhesives

Poonam 2023-11-14

The phenolic resins market is estimated to be valued at US$ 16052. Furthermore, Phenolic resins also find increasing usage in molding compounds, insulation, friction materials, and laminates due to their superior properties. SWOT Analysis Strength: Phenolic resins have high heat resistance which makes them suitable for applications requiring high-temperature stability. Key Takeaways: The global Phenolic Resins Market Share is expected to witness high growth, exhibiting CAGR of 5. Key players operating in the Phenolic Resins market are BASF SE, Chang Chun Plastics Co.

Global Phenolic Resins Market Is Estimated To Witness High Growth Owing To Increasing Demand for Fire-Resistant Materials and Growing Automotive Industry Trend

Anjali Pawar 2023-08-11

The global Phenolic Resins Market is estimated to be valued at USD 14,605. Firstly, the increasing demand for fire-resistant materials across various industries is driving the market growth. With the growing focus on safety regulations and the need for fire-resistant materials, the demand for phenolic resins is expected to surge. This growth can be attributed to the increasing demand for fire-resistant materials and the booming automotive industry. The adoption of water-based phenolic resins and the growth opportunities in the composites and aerospace industries further contribute to the market's growth.

Phenolic Resins Market Growth Accelerated By Increasing Application Scope

Pooja Khodke 2024-01-11

The rising application of these resins across various end-use industries such as construction, automotive, and electronics is expected to propel market growth. The global Phenolic Resins Market is estimated to be valued at Us$ 16052. Segment Analysis The global phenolic resins market can be segmented into novolac resins and resoles. Key Takeaways The Global Phenolic Resins Market Demand is expected to witness high growth over the forecast period. Key players operating in the phenolic resins market are ABB Ltd, Schneider Electric SE, Siemens AG, and Eaton Corporation plc.

Phenolic Resins Employed In The Creation Of Coatings And Adhesives

sachin sadgir 2023-02-23

The first synthetic resins or polymers used commercially were phenolic resins. They are frequently used to make molded objects like billiard balls and surfaces for laboratories. They are also employed in the creation of coatings and adhesives. The resin has great heat resistance, high tensile strength, low toxicity, and produces less smoke. They are incredibly useful in laminates, molding compounds, and wood adhesives.

Phenolic Resins Market Regional Analysis And Forecast 2022-2030

Rahul Kumar Yadav 2023-08-03

The Phenolic Resins Market had been experiencing significant growth, and it is likely that this trend has continued into 2023. The increasing demand for lightweight and durable materials in automotive and aerospace applications has driven the adoption of phenolic resins in these sectors. Moreover, the construction industry's growth, along with infrastructure projects, has further boosted the demand for phenolic resins in North America. The Asia-Pacific region has emerged as a dominant force in the Phenolic Resins Market. The Middle East and Africa region have also witnessed notable growth in the Phenolic Resins Market, primarily driven by construction activities and increasing industrialization.

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The Global Phenolic Resins Market Growth Accelerated By Increasing Demand From Construction Industry

Mia Yates 2024-01-16

In the construction industry, phenolic resins are used to manufacture products such as ceiling tiles, doors, and flooring due to their excellent properties. The global Phenolic Resins Market is estimated to be valued at US$ 16052. According to estimates, the global construction industry is expected to grow at 4-5% annually during the forecast period. Segment Analysis The global phenolic resins market is segmented based on type, application and geography. The global Phenolic Resins Market is estimated to be valued at US$ 16052. Regional analysis: The Asia Pacific region is expected to dominate the global phenolic resins market during the forecast period.

Global Phenolic Resins Market Report, Latest Trends, Industry Opportunity & Forecast to 2028

kashish Singh 2023-03-01

Get more information on "Global Phenolic Resins Market Research Report" by requesting FREE Sample Copy at https://www. com/contact/phenolic-resins-market/download-sampleMarket DynamicsThe rise in demand for phenolic resins is attributed to the development of new technologies and materials that produce phenolic resins with improved performance. Additionally, these tools also give an inclusive assessment of each segment in the global market of phenolic resins. Browse Global Phenolic Resins Market Research Report with detailed TOC at https://www. Purchase Complete Global Phenolic Resins Market Research Report at https://www.

Unraveling Opportunities: Key Insights into the Specialty Resins Market Landscape

Pratik 2024-04-30

This report delves into the key trends, market dynamics, and growth opportunities shaping the Specialty Resins Market. The Specialty Resins Market is estimated to be valued at US$ 8. Additionally, technological advancements such as the development of Specialty Resins Market Growth chemistries, nanocomposites, and additive manufacturing techniques are expanding the application scope of specialty resins across diverse industries. Porter AnalysisA comprehensive Porter Analysis sheds light on the competitive dynamics and market forces impacting the Specialty Resins Market. Get more insights on Specialty Resins Market

Phenolic Resins Market: Moving Towards Brighter Future| Mitsui Chemicals, Inc., Hexion, BASF SE, SBHPP, Aica Kogyo Co., Ltd., SI Group

John Bruce 2019-10-24

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.

Global 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.

Some of the leading key players profiled in this study: 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.Fill Out Details to Receive Sample Report Copy Here: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-phenolic-resins-marketMarket Drivers: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 growthMarket Restraints:Volatility 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 marketKey Developments in the Market:In March 2019, Hexion Inc. introduced a range of new products for automotive, aerospace, wind energy, and construction applications at JEC World 2019 so that they meet the demand for lightweight, fire resistance and high performance compositesIn January 2019, Mitsui Chemicals started production for alpha-methyl styrene which will be a by-product at the time of phenol production.

It will help the company to extend its arms in the global supplyHave Any Query?

Enhancing Water Treatment Efficiency with Polyacrylamide

Larry Paige 2023-06-27

Polyacrylamide (PAM) plays a crucial role in enhancing water treatment efficiency due to its exceptional flocculation and coagulation properties. In water treatment processes, PAM is commonly used as a flocculant or coagulant aid. These flocs can then be easily settled or filtered out, leading to clearer and cleaner water. By enhancing the sedimentation and filtration processes, PAM significantly improves the overall water treatment efficiency and ensures compliance with regulatory standards. Furthermore, PAM's versatility allows for customization based on specific water treatment requirements. These flocs can then be easily settled or filtered out, leading to clearer and cleaner water.

Phenolic Resins Market, Sales, Growth, Outlook and Cost Structure Till 2030

david miller 2023-06-06

The Phenolic Resins market industry is projected to grow from USD 17. This article provides an overview of the phenolic resins market, its key drivers, challenges, and future prospects. This factor is driving the growth of the phenolic resins market. These attributes make phenolic resins an attractive choice for manufacturers seeking sustainable solutions, thereby boosting market growth. The introduction of modified phenolic resins, such as novolac and resole resins, has expanded the application scope of phenolic resins, further driving market growth.

Specialty Resins Market is Poised for High Growth Owing to Increasing Demand from End-Use Industries

Purvaja 2024-04-11

The growing demand for lightweight and high performance materials from end-use industries has been a major factor augmenting the demand for specialty resins globally. The Global specialty resins market is estimated to be valued at US$ 13. Key players operating in the Global specialty resins market Growthare focusing on capacity expansion and new product launches to consolidate their market position. The paints & coatings segment dominates the specialty resins market and accounted for over 30% of the market share in 2024. Global AnalysisThe Asia Pacific region dominated the global specialty resins market and accounted for over 40% share in 2024.

Phenolic Resins Market Growth Rate, Key players, Region, Suppliers, Types & Applications to 2025

jenny ghosh 2020-02-13

13 February 2020 - The global Phenolic Resins Market size was valued at USD 9.30 billion in 2015 and is expected to reach USD 16.0 billion by 2025, with a CAGR of 5.4%.

The global phenolic resins industry is anticipated to witness stable growth owing to rising demand from transportation and construction sector.

Phenolic resins find their applications in numerous segmentson account of their properties such as good heat resistanceand flame retardancy, low smoke and toxicity, high mechanical strength and easy blending with other polymers to attain high performance.

However, the positive side is that there is an increasing adoption of nanotechnology in phenolic resins production that aims to improve their functional and structural characteristics and expand their scope of application.Product InsightsNovolac resins and resol resins are the two majorvarieties of phenolic resins.

Furthermore, considerable demand from applications such asoriented strand boards (OSB) and production of engineered laminated composite lumber (LCL) also contributed to the large demand for resol resins in the past few years.

It is expected to continue the similar trend over the forecast period from 2014 to 2020.Application InsightsPhenolic resins provide services tonumerous end-use industries such as automotive, aerospace and constructionvia applications in laminates, insulation, wood adhesives and moulding compounds.Wood adhesives were the dominant application on account of increased use in plywood and particleboard adhesives owing to phenolic resins which form chemical bonds with the phenol-like lignin wood.

Webbing Market set to surge led by rising Demand in Automotive and Defense Industries

Leena Shedmake 2024-03-18

In the automotive industry, webbing fabrics are used in seat belts, airbags, cable ties, and in the construction of tarpaulins. Key TakeawaysKey players operating in the Webbing Market Growth are American Cord & Webbing Co. Impact of COVID-19 on Webbing Market GrowthThe COVID-19 pandemic had a significant impact on the webbing market's growth in the initial months. This led to a decline in demand from end-use industries like transportation, defense, construction, and outdoor sports. Geographical Regions with High Webbing Market Concentration In terms of value, North America holds the largest share in the webbing market currently.

Electric Vehicles is fastest growing segment fueling the growth of Phenolic Resins Market

naufan 2023-12-12

The global phenolic resins market is estimated to be valued at US$ 16052. With governments around the world promoting electric mobility to reduce environmental pollution, the demand for electric vehicles is growing at a rapid pace. The growth in electric vehicles will subsequently increase the demand for phenolic resins over the forecast period. Segment Analysis Phenolic Resins Market is segmented by product type into novolac resins and resolic resins. Europe and North America are other major regions for Phenolic Resins market.

Phenolic Resins Market Future Growth 2023-2028, Trends, Size, Share, Industry Demand, Global Analysis |Prefere Resins, Mitsui Chemicals Inc., Sumitomo Bakelite Co., Ltd

Roger 2023-01-10

The usage of phenolic resin are found in abrasives, materials for molding, laminates, adhesives, insulators materials and friction materials. Globally, the market for phenolic resins are priced at US$ 14605. Drivers_MIIn the automotive industry, there is increased need for phenolic resins, and therefore growth in the automotive industry is estimated to boost the growth of the market. Furthermore, increasing need for materials of low-density which offers thermal insulation and better durability is fuelling the growth of the phenolic resin market. Competitive Section_MIThe main companies functioning in the market for phenolic resin are BASF SE, Chang Chun Plastics Co.

Phenolic Resins Market Research Report 2019-2023

naresh pawar 2019-06-04

Global phenolic resins market size was valued at USD 9.30 billion in 2015 and is expected to grow at an estimated CAGR of 5.4% from 2016 to 2022.

Technological advancements have fostered the development of unique heat shields with ablative phenolics for aerospace applications, leading to greater market share in recent years.Development of lignin and corn-based renewable feedstock have also presented new growth avenues in the industry.

Increasing awareness regarding resource conservation and the implementation of stringent sustainability standards has positively impacted green materials demand, encouraging manufacturers to integrate such raw materials into their products.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-phenolic-resins-2019-2023-676Novolac emerged as the dominant product segment, occupying nearly 50% of the volume share in 2015.

These resins are increasingly being designed for use as hardeners or curing agents in epoxy applications to meet the demand for laminates, adhesives, molding materials, and coatings.

The segment is expected to grow at around 5.2% CAGR from 2016 to 2025.Key companies operating in the industry are BASF SE, Momentive Specialty Chemicals, Sumitomo Bakelite Co. Ltd., Georgia-Pacific Chemicals, and Kolon Industries Inc. Other major participants may be listed as Owens Corning, Arclin Inc., Olympic Panel Products LLC, Ashland Inc., DIC Corporation, and Hexcel CorporationPhenolic Resins Report by Material, Application, and Geography Global Forecast to 2023 is a professional and comprehensive research report on the world?s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).The report firstly introduced the Phenolic Resins basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on.

Then it analyzed the world?s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc.

Phenolic Resins Market Trends, Growth Opportunities, Outlook By 2032

harishtbrc 2023-10-03

The Phenolic ResinsGlobal Market Report 2023evaluates phenolic resins market size, growth rate, drivers, trends, and major companies. id=7838&type=smpThe global phenolic resins market size grew from $12. The market size of global phenolic resins is expected to grow to $16. Get More Information On The Phenolic Resins Market Report:https://www. AppendixList of Tables:Table 1: Global Historic Market Growth, 2017-2022, $ BillionTable 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ BillionTable 3: Global Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ BillionTable 4: Global Phenolic Resins Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ BillionTable 5: Global Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion……………………………………………………………Table 46: Dainippon Ink and Chemicals Corporation Financial PerformanceTable 47: Hexion LLC Financial PerformanceTable 48: Chang Chun Plastics Co.

Phenolic Resins Market – Industry Trends and Forecast to 2026 Strong Application Scope, Size, Status, Analysis and Forecast

John Martin 2020-10-12

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

The Global Phenolic Resins Market Growth Accelerated By Increasing Demand From Construction Industry

Mia Yates 2024-01-16

Webbing Market set to surge led by rising Demand in Automotive and Defense Industries

Leena Shedmake 2024-03-18

Global Phenolic Resins Market Report, Latest Trends, Industry Opportunity & Forecast to 2028

kashish Singh 2023-03-01

Electric Vehicles is fastest growing segment fueling the growth of Phenolic Resins Market

naufan 2023-12-12

Unraveling Opportunities: Key Insights into the Specialty Resins Market Landscape

Pratik 2024-04-30

Phenolic Resins Market Future Growth 2023-2028, Trends, Size, Share, Industry Demand, Global Analysis |Prefere Resins, Mitsui Chemicals Inc., Sumitomo Bakelite Co., Ltd

Roger 2023-01-10

Phenolic Resins Market: Moving Towards Brighter Future| Mitsui Chemicals, Inc., Hexion, BASF SE, SBHPP, Aica Kogyo Co., Ltd., SI Group

John Bruce 2019-10-24

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.

Global 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.

It will help the company to extend its arms in the global supplyHave Any Query?

Enhancing Water Treatment Efficiency with Polyacrylamide

Larry Paige 2023-06-27

Phenolic Resins Market Research Report 2019-2023

naresh pawar 2019-06-04

Global phenolic resins market size was valued at USD 9.30 billion in 2015 and is expected to grow at an estimated CAGR of 5.4% from 2016 to 2022.

These resins are increasingly being designed for use as hardeners or curing agents in epoxy applications to meet the demand for laminates, adhesives, molding materials, and coatings.

Then it analyzed the world?s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc.

Phenolic Resins Market, Sales, Growth, Outlook and Cost Structure Till 2030

david miller 2023-06-06

Phenolic Resins Market Trends, Growth Opportunities, Outlook By 2032

harishtbrc 2023-10-03

Specialty Resins Market is Poised for High Growth Owing to Increasing Demand from End-Use Industries

Purvaja 2024-04-11

Phenolic Resins Market – Industry Trends and Forecast to 2026 Strong Application Scope, Size, Status, Analysis and Forecast

John Martin 2020-10-12

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 high growth of this market is due to rising demand for plastics which provides strength, high thermal resistance and fire-resistant properties.

Phenolic Resins Market Growth Rate, Key players, Region, Suppliers, Types & Applications to 2025

jenny ghosh 2020-02-13

13 February 2020 - The global Phenolic Resins Market size was valued at USD 9.30 billion in 2015 and is expected to reach USD 16.0 billion by 2025, with a CAGR of 5.4%.

The global phenolic resins industry is anticipated to witness stable growth owing to rising demand from transportation and construction sector.