DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Phenolic Resin Market - Global Forecasts to 2021" report to their offering.
The global phenolic resin market is projected to reach USD 15.01 billion by 2021, at a CAGR of 5.8% from 2016 to 2021. The growth is primarily due to the advanced properties of phenolic resin coupled with the growing automotive industry in the Asia-Pacific region. The factors restraining the growth of this market are the environmental regulations regarding the use of phenol and formaldehyde.
The market for resol resin is projected to be the largest by type in the global phenolic resin market from 2016 to 2021. Resol resin is the most widely used phenolic resin because of its enhanced properties such as high heat resistance, high tensile strength, and excellent moldability. Moreover, the rising demand from the wood adhesives application is also leading to the high growth of resol resin in the global phenolic resin market.
Wood adhesives are expected to be the largest application of the global phenolic resin market from 2016 to 2021. The high demand for the wood adhesives application is mainly due to the growing construction industry. Moreover, rapid urbanization and increase in remodeling & renovation, housing projects, and other woodwork is also driving the global phenolic resin market in the wood adhesives application.
- Aica Kogyo Co., Ltd.
- Allnex Belgium SA/NV
- BASF SE
- Chang Chun Plastics Co., Ltd.
- Changshu South-East Plastic Co., Ltd.
- DIC Corporation
- Dujodwala Paper Chemicals Ltd.
- Dynea as
- Fenolit D.D.
- Georgia-Pacific Chemicals LLC
- (10+ Others)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Phenolic Resin Market, By Type
8 Phenolic Resin Market, By Application
9 Phenolic Resin Market, By End-Use Industry
10 Phenolic Resin Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/46xrz7/phenolic_resin