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Phenolic Resin Market – Global Trends & Forecast to 2019

Phenolic Resin Market by Type (Resol and Novolac) and by Application (Wood Adhesive, Molding, Laminates, Insulation, and Others) – Global Trends & Forecast to 2019

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Phenolic Resin Market – Global Trends & Forecast to 2019

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  1. MarketsandMarkets Presents • Phenolic Resin Market • Global Trends & Forecast to 2019 http://www.marketsandmarkets.com/Market-Reports/phenolic-resin-market-177821389.html

  2. Phenolic resin is synthetic polymers obtained by the reaction of phenol or substituted phenol with formaldehyde. Because of its high mechanical strength, good heat resistance, flame retardant, low toxicity, low smoke and its property of getting blended with other polymers to achieve high performance it is widely used in molding compounds, wood adhesives, laminates, insulation, and other applications. The global market is expected to grow at a CAGR of 5.7% from 2014 to 2019 to reach a value of $19.31 billion. The demand for phenolic resins is increasing and will continue to increase as the construction and housing industries in the developing region is providing opportunities for phenolic resin demand. • Asia-Pacific, North America, and Europe dominated the phenolic resin market in 2013 and accounted for over 90% of the market. The market for phenolic resins in most countries closely tracks GDP growth and housing market growth. http://www.marketsandmarkets.com/Market-Reports/phenolic-resin-market-177821389.html

  3. http://www.marketsandmarkets.com/Market-Reports/phenolic-resin-market-177821389.htmlhttp://www.marketsandmarkets.com/Market-Reports/phenolic-resin-market-177821389.html • Resol accounted for more than 75% of the global market in 2013. Resol phenolic resin market will grow at a healthy growth rate of 4.1% till 2019. • The global phenolic resin market by product type and application type, has witnessed a significant growth in the past few years and this growth is estimated to persist in the coming years. The resol type phenolic resins constitute majority of the market globally. Phenol and formaldehyde are the main consumed raw material for the phenolic resin. http://www.marketsandmarkets.com/Market-Reports/phenolic-resin-market-177821389.html

  4. Wood adhesive application of these resins is expected to drive the phenolic resin market. One of the key factors contributing to this market growth that phenolic resins make excellent wood adhesives for plywood and particleboard because they form chemical bonds with the phenol-like lignin component of wood. They are especially desirable for exterior plywood, owing to their good moisture resistance. • In most regions of the world, the largest markets for phenolic resins are in plywood and in fibrous and granulated wood products. Demand for wood products is influenced by the health of the construction industry and overall state of the economy. Since the major portion of phenolic resins is used in the wood products industry, the market for phenolic resins in most countries closely tracks GDP growth and housing market growth http://www.marketsandmarkets.com/Market-Reports/phenolic-resin-market-177821389.html

  5. Contact Us Mr. RohanMarkets and Markets UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: sales@marketsandmarkets.com MarketsandMarkets Blog http://www.linkedin.com/company/marketsandmarkets http://twitter.com/marketsmarkets http://www.marketsandmarkets.com/Market-Reports/phenolic-resin-market-177821389.html

  6. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. http://www.marketsandmarkets.com/Market-Reports/phenolic-resin-market-177821389.html

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