Phenolic Resins Market Outlook 2025: Industry Trends, Segmentation, Market Growth And Competitive Landscape

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Product InsightsNovolac resins and resol resins are the two majorvarieties of phenolic resins. Novolac resins, are expected to gainprominence in the forecast period owing to its ability to mould easily. They have a widespread usage across varioussegments as electrical laminates, hardeners and photo resistors in structural laminates for theelectronic circuit boardand aerospace industriesResol resins constituted for a major chunk of the market share on account of growing demand from wood adhesionand laminates sector. Furthermore, considerable demand from applications such asoriented strand boards (OSB) andproduction of engineered laminated composite lumber (LCL) also contributed to the large demand for resol resins inthe past few years. It is expected to continue the similar trend over the forecast period from 2014 to 2020.Get a Sample Copy of This Report @https://www.millioninsights.com/industry-reports/phenolic-resins-market/request-sampleApplication InsightsPhenolic resins provide services tonumerous end-use industries such as automotive, aerospace and constructionviaapplications in laminates, insulation, wood adhesives and moulding compounds.Wood adhesives were the dominant application on account of increased use in plywood and particleboard adhesivesowing to phenolic resins which form chemical bonds with the phenol-like lignin wood. These products are capable ofretaining 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 toprovidefire safety and amplify vehicular efficiency. Rising demand from the automotive segment is anticipated to playa critical role in the phenolic resins growth over the forecast period. They are used in numerous components inautomobiles 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 providemarket opportunities in displacing ceramics, metals and filled high-performance thermoplastic resin systems inapplications where fuel efficiency and weight reduction play a vital role such as aircraft and industries. Moldingmaterials that contain long fibers and carbon fibers are characterized by newly introduced phenolic reinforcedstructures that exhibit highmechanical strength and high impact strength at high temperatures for additionaldisplacement 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 volumein 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 compositeassociated areas such as light weight paneling and tooling.Regional InsightsAsia Pacific emerged as the market leader in phenolic resins market on account of widespread use in constructionapplications and growing consumption of moulding compounds in India and China. China is a large phenolic resinsmarketand a significant consumer at a global level. Within North America, U.S. is one of the leading consumers in woodadhesive applications of phenolic resins. In addition, demand for thermal insulation productsis expected to be on arise on account of the legislation implemented in various countries and regional associations for constructing energyefficient buildings. Further, growing use of composites in marine, mass transit and aerospace is anticipated to boostthe phenolic resins market.Competitive InsightsKey market players have expanded their manufacturing facilities to sufficethe growing demand. As an instance, in2013, Ludwigshafen Verbund site had a new plant set up as a part of BASF modernization and expansion of productionfacility. Other majorparticipants in the market include Hitachi Chemical Co. Ltd., Georgia Pacific Chemicals LLC, KolonIndustries Inc., SI Group, Inc., Prefere Resins, DIC Corporation, Momentive Specialty Chemicals Inc., Sumitomo BakeliteCo. Ltd., Dujodwala Paper Chemicals Ltd., and Mitsui Chemicals Inc.Market Segment:Phenolic Resins Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)• Novolac• Resol• OthersPhenolic Resins Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)• Wood Adhesives• Molding Compounds• Insulation• Laminates• Paper Impregnation
Page 1: Phenolic Resins Market Perspective,
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Phenolic Resins Market Outlook 2025: Industry Trends, Segmentation, Market Growth And Competitive Landscape

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