Global $10 Billion Phenolic Resin Market Analysis & Forecasts 2016-2022
DUBLIN, September 4, 2017 /PRNewswire/ --
The "Global Phenolic Resin Market - By Type, Application, Industry, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report has been added to Research and Markets' offering.
The global Phenolic resins market was $10.82 billion in 2016 which is anticipated to grow steadily to $16.05 billion by 2022 growing at a CAGR of 6.7%.The global epoxy resin market alone was valued at $ 7,980 million in 2016
Slow growth of existing businesses in the US and Europe indicate reasonably low growth in the coming years. Also price fluctuations and the demand and supply of the raw materials (Bisphenol A and Epichlorohydrin) are major market determinants.
The Asian Pacific region is anticipated to take the spot as the fastest growing region caused by better end user industries and an informed industrial demographic that understands how to create low cost benefits of the product with varied applications. Statistical data suggests that China and India will be key players in the market as more and more construction and furniture industries are set up. The region accounts for 64% percent of global phenolic resin consumption which is primarily occupied as Nan Ya Plastic Corporation as the major player.
Contrasted with epoxy resins properties, which comprise a major portion of such products, 20% of market share is taken by the construction industry.
The industry runs on the backbone of a growing demand for hydrogenated hydrocarbon petroleum resins as well a higher demand for petroleum resins in the Asia-Pacific region. Additionally, increasing needs for light weight, fuel efficient vehicles have sparked a profound need for the products as well as the emergence of advanced technologies such as nanotechnology and
However, volatile prices in raw materials and altering values of naphtha from refineries prove to be constraints to the industry. Stricter environmental regulations and the shift to urea formaldehyde resins as substitutes also are strong hindrances.
Increases in oxo-alcohol (n- and iso-butanol) prices continue to force companies to raise prices for products. New regulations from the ERPA restrict concentrations of materials to be used in products. Phenolic resins used in print ink services lose their value as industries tackle with rises in prices of Gum Rosin which is obtained from pine trees. BASF, Reliance and Bayer have poured massive research money to come up with safer alternatives to the resin.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Market Overview
- Definition
- Industry Value Chain Analysis
- Porter's 5 Forces
- Regulations
4. Market Dynamics
- Introduction
- Drivers
- Constraints
- Opportunities
5. Global industrial robotics market Segmentation, Forecasts and Trends - By Revenue
6. By Type
- Solid Resol Resins
- Liquid Resol Resins
- Resol Resin
- Novolac Resin
- Other Types
- Free-Formaldehyde Phenolic Resin
7. By Application
- Wood Adhesives
- Foundry
- Molding
- Laminates
- Insulation
- Others
8. By Industry
- Electrical & Electronics
- Building and Construction
- Adhesives
- Automotive
- Furniture
- Coats and Paints
- Polymers
- Petroleum and Greases
- Fabrics
9. By Region
- North America
- US
- Canada
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Others
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- Others
- Rest of the World
- MiddleEast
- Brazil
- Argentina
- SouthAfrica
- Egypt
10. Vendor Market Share Analysis
11. Company Profiles
- Momentive Specialty Chemicals
- The Dow Chemical Company
- Kukdo Chemicals
- 3MCompany
- Nan Ya Plastic Corporation
- BASF SE
- Chang Chun Plastics Co. Ltd
- Hexion Specialty Chemicals
- DuPont
- Huntsman Corporation
- SanMu Group
- Others
12. Industry Structure
- Industry M&As, Consolidations
- Investment Opportunities
- Global Phenolic Resin market - Road Ahead
For more information about this report visit https://www.researchandmarkets.com/research/9rhmsm/global_phenolic
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