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Phenolic Resin Market Expected to Grow Strong through 2026

The Phenolic Resin market report from Stratview Research is an in-depth study of the market dynamics across the globe. The study will cover the market intelligence and information for a period of 12 years from 2015 to 2026. The base year for the study is 2020.

Phenolic Resin Market Forecast:

Post pandemic, the market Is expected to rebound from 2021 onwards posting a modest CAGR till 2026. Phenolic resins market size is likely to witness a healthy CAGR of 5.1% during the forecast period.

The market forecast is arrived at after conducting scenario analysis. The global forecast will include market size for three different scenarios: Pessimistic, Most-likely, and Optimistic. The scenario analysis will help the stakeholders and market players to plan their market spending and budgeting for the short- to medium-term strategy period.

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Note: The report will be updated for the forecast period of 2021 – 2026 and will incorporate the impact of COVID-19.

Key Players :

Some of the major phenolic resin suppliers are

  • Hexion Inc.
  • Hitachi Chemical Co., Ltd.
  • Sumitomo Bakelite Co., Ltd.
  • BASF SE
  • SI Group, Inc.
  • DIC Corporation
  • Kolon Industries, Inc.
  • Shandong Laiwu Runda New Material Co., Ltd.
  • Dujodwala Paper Chemicals Ltd.
  • Changshu South-East Plastic Co., Ltd.
  • Geogria-Pacific Chemicals LLC.

Phenolic Resin Market Segment Analysis:

The report has segmented the market in 4 ways. The report provides detailed insights about the segment and attractive opportunities in each segment. Market attractiveness analysis helps the market participants to prioritize the sales and marketing activities to reap benefits from the attractive segments and increase market share and revenues.

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Based on the resin type, the market is segmented as resol resin, novolac resin, and others. Resol resin currently dominates the phenolic resin market owing to its widespread usage in the wood adhesive application. Further, it is also expected to witness the highest growth during the forecast period owing to its excellent properties including superior heat resistance, high flexibility, mechanical strength, moldability, and excellent friction properties.

COVID-19 IMPACT

COVID-19 has impacted almost all the businesses, small or big, present in any sector. The dynamics of Phenolic Resin market have seen a huge shift in the year 2020. The market environment and the way of operations have taken a huge turn and have led to many changes in the processes, which will have repercussions for a long period. 2021 is likely to be better than 2020 for the Phenolic Resin market players as most of the businesses have resumed their operations and the demand is getting restored for them.

Phenolic Resin Market Competitive Landscape:

The Phenolic Resin report benchmarks the major competitors on critical parameters, some of which are mentioned below:

  • Revenues from the Phenolic Resin market
  • Geographic presence
  • Products launches and innovation
  • Market Share
  • Strategic alliances
  • Product & Geographic alignment with the market
  • Regional dominance of the competitors

The Phenolic Resin market report is the outcome of rigorous analysis of the factors impacting the market size and forecast. Thousands of articles, whitepapers, reports, and millions of data are analysed to drive meaningful insights about the market. Exploratory and in-depth primary interviews are conducted with the industry veterans to gain important insights which are critical for market analysis and forecasting.

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Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

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