Phenolic Resins Market Demand, Global Overview, Size, Value Analysis, Leading Players Review and Forecast to 2025

1. Phenolic Resins Market 2025 Global Size, Key Companies, Trends, Growth And Regional Forecasts Research “Phenolic Resins Market Report provides in-depth analysis of industry by production, share, size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key Players, SWOT analysis and Forecast” 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. Product demand is expected to rise owing to of increasing use of fire retardant constituents in crucialaircraft and automotive components. Crude oil is the primary raw material used in the manufacturing of phenolic resins and hence price instabilityis expected to have a direct influence on demand for phenolic resins. In order to ensure conformance to environmental standards regarding formaldehyde emissions, significant funding and investments have to be made and this may slowdown the market growth. 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. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/phenolic-resins-market/request-sample Novolac resins and resol resins are the two majorvarieties of phenolic resins. Novolac resins, are expected to gain prominence in the forecast period owing to its ability to mould easily. They have a widespread usage across various segments as electrical laminates, hardeners and photo resistors in structural laminates for theelectronic circuit board and aerospace industries Resol resins constituted for a major chunk of the market share on account of growing demand from wood adhesion and laminates sector. Furthermore, considerable demand from applications such asoriented strand

2. 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 Insights Phenolic 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. These products are capable of retaining moisture and hence are preferred for exterior plywood applications. Moulding compounds are expected witness high growth. This can be attributed to the ability of phenolic resins to providefire safety and amplify vehicular efficiency. Rising demand from the automotive segment is anticipated to play a critical role in the phenolic resins growth over the forecast period. They are used in numerous components in automobiles including cooling system, air supply system brake, suspension, powertrainand fuel system. New product developments in molding compounds by the use of carbon fiber or long glass fiber is expected to provide market opportunities in displacing ceramics, metals and filled high-performance thermoplastic resin systems in applications where fuel efficiency and weight reduction play a vital role such as aircraft and industries. Molding materials that contain long fibers and carbon fibers are characterized by newly introduced phenolic reinforced structures that exhibit highmechanical strength and high impact strength at high temperatures for additional displacement of ceramics and metals. Fiber-reinforced composites with phenolic resins is anticipated to flourish owing to increase in new aircraft by Airbus (787, A380, and A350) and Boeing. Theserequirecargo liners, aircraft interiors,light weight paneling, increased volume in honeycomb manufacture for aircraft and potential use of high-density phenolic foam as a replacement for balsa sandwich panels. Additionally, the development of carbon foam is anticipated to witness expansion into composite associated areas such as light weight paneling and tooling. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/phenolic-resins-market Table Of Contents 1Phenolic Resins Overview 2Global Phenolic Resins Application Estimates & Trend Analysis 3Global Phenolic Resins Size and Growth Prospects 4Global Phenolic Resins Analysis by Region 5Global Phenolic Resins Analysis by Type

3. 6Global Phenolic Resins Analysis by Application 7Global Phenolic Resins Manufacturers Analysis 8Global Phenolic Resins Technology and Development Trends See More Reports Of This Category By Million Insights @ https://www.millioninsights.com/industry/chemicals-and-materials Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184