Global Phenolic Resin Market 2014-2019, Trend, Profit, and Forecast Analysis
NEW YORK, May 26, 2015 /PRNewswire/ -- Background:
The global phenolic resin market is expected to reach an estimated value of $13.3 billion by 2019. One of the major drivers of phenolic resin market is the demand for heat resistance, better corrosion resistance, and chemical resistance materials in automotive under hood and break components. Increasing use of fire retardant materials in construction and furniture industry is also driving the demand of phenolic resin. Increasing penetration of phenolic resin in thermal insulation products driven by the legislations imposed by many countries and regional organizations for energy efficient buildings is also fueling the demand in construction industry. Increasing consumption of phenolic resin based composites in mass transit, marine, and aerospace is likely to further drive this market.
Lucintel, a leading global management consulting and market research firm, has analyzed the global phenolic resin market by application and region and has come up with a comprehensive research report, "Global Phenolic Resin Market 2014-2019 Trend, Forecast, and Opportunity Analysis." This report provides an analysis of the global phenolic resin market including the market trend, growth opportunities, key drivers and challenges, emerging trends, unmet needs, and company profiles of leading suppliers and customers in the market. The study also includes global phenolic resin market trends and forecasts through 2019, segmented by applications and regions which are listed below.
Global Phenolic Resin Market by Applications:
- Plywood
- Molding Compound
- Insulation
- Laminates
- Others
Global Phenolic Resin Market by Regions:
- North America
- Europe
- Asia Pacific
- Rest of World
On the basis of its comprehensive research, Lucintel forecasts that majority of the global phenolic resin market segments will grow moderately during 2014-2019. Molding compound segment is growing at a greater pace than insulation, plywood, and rest of the segments. Construction and automotive industries have a strong potential for growth pushed by the growth in GDP, consumer expenditure, and increased employment rate for global phenolic resin market. Growing demand of automotive components from emerging economies such as China, India, and the Middle East countries is anticipated to boost the market. Upcoming infrastructure projects on non-residential construction such as school, hospitals, offices, etc. will boost the market. Momentive Specialty Chemicals, Sumitomo Bakelite Co. Ltd., SQ Group, Georgia Pacific Chemicals, BASF, SI Group, and Dynea are among the major suppliers of global phenolic resin market. Regular innovation of products is very important for companies to sustain their successful positions in the market.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
Features of This Report:
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of "Global Phenolic Resin Market: 2014-2019 Trend, Forecast, and Opportunity Analysis" include:
- Analysis of competitive intensity of the industry based on Porter's Five Forces model which helps to understand the competitive position of industry players.
- Global phenolic resin market intelligence with special emphasis on application segments such as plywood, molding compound, insulation, laminates, and others.
- Market size in terms of value shipment by application segments, also trend (2008-2013) and forecast (2014-2019) for key market segments those are useful to make major investment decisions.
- Drivers and challenges involved within the market dynamics and competitive developments.
- Competitive Landscape, strategic alliances, capacity expansion, emerging trend, market drivers, growth opportunity analysis, and unmet needs provide helps to ascertain a sound investment decision
- New products launched by major suppliers in last five years
- Company profiling for major suppliers and major customers
Read the full report: http://www.reportlinker.com/p02185206-summary/view-report.html
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