The global phenolic resin market is projected to witness a growth rate of 3.6% annually from 2023 to 2028, with an anticipated size of US$ 7.2 billion by 2028, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global phenolic resin market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
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https://www.stratviewresearch.com/Request-Sample/441/Phenolic-Resin-Market.html#form
Report Highlights
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Market Size in 2028 (billion US$) |
7.2 |
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Growth (CAGR) |
3.6% during 2023-2028 |
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Forecast Period |
2023-2028 |
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Trend Period |
2017-2021 |
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Base Year |
2022 |
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Number of Segments Covered |
3 |
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Number of Tables & Graphs |
100+ |
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Country-Level Market Assessment |
20 |
Segment Insights on the Phenolic Resin Market:
The global phenolic resin market is segmented based on application type, resin type, and region.
Based on application type – The phenolic resin market is segmented into wood adhesives, molding compounds, laminates, refractories, insulation, and others. Wood adhesives dominated the market and are expected to remain the dominant application during the forecast period, owing to rising wood-based panel production, increasing demand for phenolic resin in wood adhesive applications, and increasing usage of wood panels in different applications.
Based on resin type – The market is segmented into resole and novolac. Resole is expected to remain the dominant as well as the fastest-growing resin type in the market during the forecast period owing to its excellent combination of properties, such as high strength and durability, water resistance, heat resistance, resistance to a wide range of chemicals, and ease of use.
To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the largest as well as the fastest-growing market for phenolic resins during the forecast period. This growth outlook is majorly attributed to the following–
Phenolic Resin Market Drivers:
Some of the key drivers listed in the report are given below.
Top 6 Companies in the Phenolic Resin Market:
Stratview Research has identified the following companies as the top market players (arranged alphabetically).
What Deliverables Will You Get in this Report?
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Key questions this report answers |
Relevant contents in the report |
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How big is the sales opportunity? |
In-depth analysis of the Phenolic Resin Market |
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How lucrative is the future? |
Market forecast and trend data and emerging trends |
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Which regions offer the best sales opportunities? |
Global, regional, and country-level historical data and forecasts |
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Which are the most attractive market segments? |
Market segment analysis and forecast |
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Who are the top players and their market positioning? |
Competitive landscape analysis, Market share analysis |
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How complex is the business environment? |
Porter’s five forces analysis, PEST analysis, Life cycle analysis |
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What are the factors affecting the market? |
Drivers & challenges |
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Will I get the information on my specific requirements? |
10% free customization |
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - [email protected]
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About us –
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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