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Market Synopsis of Phenolic Resins MarketThe global phenolic resins market has experienced a notable growth and it has been projected that the global market will see stable growth during the forecast period. The high mechanical strengths, low toxicity, heat resistance, low smoke and other several properties has made the phenolic resins to make their use in the applications such as in laminations, wood adhesives, molding compound, construction, automobile and others. Growing demand of these applications has increased the production of phenolic resins to meet the current market demand. Also, phenolic resins are used in flame retardant which are very crucial for automobiles and aircrafts. Owing to these factors, the global Phenolic Resins Market is expecting a potential demand.
Key Players
• Hitachi Chemical
• Kolon Industries
• BASF, Mitsui Chemicals
• DIC Corporation
• SI Group
• Georgia Pacific Chemicals
• Sumitomo Bakelite
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Segmentation
By Types
o Novolacs
o Resoles
By Applications
o Automobiles
o Construction
o Wood Adhesives
o Laminates
o Molding
MRFR Analysis
According to the report, Introduction of trade policies in phenolic resins is a key trend for this market. Governments of different countries, especially the American and APAC countries, are taking many initiatives to improving trade policies by introducing FTAs across geographical boundaries. FTAs reduce barriers on exports and improve trade opportunities. This helps in expanding phenolic resins across nations.
Also, the report states that, the high mechanical strengths, low toxicity, heat resistance, low smoke and other several properties has made the phenolic resins to make their use in the applications such as in laminations, wood adhesives, molding compound, construction, automobile and others. Growing demand of these applications has increased the production of phenolic resins to meet the current market demand. Also, phenolic resins is used in flame retardant which is very crucial for automobiles and aircrafts. Owing to these factors, the global phenolic resins market is expecting a potential demand.
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Table of Content
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Mega Trends
4.5 Macroeconomic Indicators
5. Market Factor Analysis
5.1 Value/Supply Chain Analysis
5.2 Porter’s 5 Forces Analysis
Continue….
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