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Phenolic Resin Market by Type (Resol Resin, Novolac Resin), Application (Wood Adhesives, Molding, Insulation), End-use Industry (Automotive, building & construction, Furniture) - Global Forecasts to 2021

  • ID: 4053239
  • Report
  • February 2017
  • Region: Global
  • 179 Pages
  • Markets and Markets
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The Global Phenolic Resin Market was Valued at 10.66 Billion in 2015 and is Projected to Reach 15.01 Billion by 2021 at a CAGR of 5.8% from 2016 to 2021

FEATURED COMPANIES

  • BASF SE
  • Dynea as (Norway)
  • Hexion Inc.
  • Lerg SA (Poland)
  • Saluc SA (Belgium)
  • SI Group, Inc.
  • MORE

The global phenolic resin market is projected to reach USD 15.01 billion by 2021, at a CAGR of 5.8% from 2016 to 2021. The growth is primarily due to the advanced properties of phenolic resin coupled with the growing automotive industry in the Asia-Pacific region. The factors restraining the growth of this market are the environmental regulations regarding the use of phenol and formaldehyde.

The market for resol resin is projected to be the largest by type in the global phenolic resin market from 2016 to 2021. Resol resin is the most widely used phenolic resin because of its enhanced properties such as, high heat resistance, high tensile strength, and excellent moldability. Moreover, the rising demand from the wood adhesives application is also leading to the high growth of resol resin in the global phenolic resin market.

Wood adhesives are expected to be the largest application of the global phenolic resin market from 2016 to 2021. The high demand for the wood adhesives application is mainly due to the growing construction industry. Moreover, rapid urbanization and increase in remodeling & renovation, housing projects, and other woodwork is also driving the global phenolic resin market in the wood adhesives application.

The Asia-Pacific region is the largest phenolic resin market. Strong economic development, followed by substantial investments in industries such as, automotive, building & construction, furniture, and electrical & electronics is driving the phenolic resin market. With economic contraction and saturation in the European and North American markets, demand is shifting to the Asia-Pacific region. Moreover, the low cost of production is propelling the growth of phenolic resin in the region.

Breakdown of profiles of primary interviews for the report

  • By Company Type - Tier 1 - 30%, Tier 2 -43%, and Tier 3 - 27%
  • By Designation - C Level - 21%, Director Level - 23%, and Others - 56%
  • By Region - North America - 37%, Europe - 23%, Asia-Pacific - 26%, and RoW - 14%

Some of the key companies profiled in this report are, Hexion Inc. (U.S.), Hitachi Chemical Co., Ltd. (Japan), Sumitomo Bakelite Co., Ltd. (Japan), SI Group, Inc. (U.S.), DIC Corporation (Japan), BASF SE (Germany), Kolon Industries, Inc. (South Korea), Shandong Laiwu Runda New Material Co., Ltd. (China), Dujodwala Paper Chemicals Ltd. (India), and Changshu South-East Plastics Co., Ltd. (China), among others.

Study Coverage

The report is segmented on the basis of type, application, end-use industry, and region. The major types covered in this report are resol resin, novolac resin, and others. The applications include wood adhesives, laminates, molding, foundry, insulation, and others. The end-use industry includes automotive, building & construction, furniture, electrical & electronics, and others. The market is also segmented on the basis of regions including, the Asia-Pacific region, Europe, North America, South America, and Middle East & Africa.

Key Benefits

This report covers the following studies which will benefit the client:

  • Market segmentation based on type, application, end-use industry, and region
  • Market dynamics including drivers, restraints, and opportunities
  • Value chain analysis
  • Porter’s Five Forces Analysis with respect to the global phenolic resin market
  • Profile of the key market players in the global phenolic resin market
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BASF SE
  • Dynea as (Norway)
  • Hexion Inc.
  • Lerg SA (Poland)
  • Saluc SA (Belgium)
  • SI Group, Inc.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.3.1 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities in the Phenolic Resin Market
4.2 Phenolic Resin Market, By Region
4.3 Phenolic Resin Market in Asia-Pacific, By Country and Type
4.4 Phenolic Resin Market Size, By End-Use Industry, 2016 vs 2021

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By Application
5.2.3 By End-Use Industry
5.2.4 By Region
5.3 Market Dynamics
5.3.1 Short-, Medium-, and Long-Term Impact Analysis
5.3.2 Drivers
5.3.2.1 Advanced Properties of Phenolic Resin
5.3.2.2 Growing Automotive Industry in Asia-Pacific
5.3.2.3 Increasing Demand for Phenolic Resin From Tire Industry
5.3.3 Restraints
5.3.3.1 Environmental Regulations
5.3.4 Opportunities
5.3.4.1 Adoption of Nanotechnology
5.3.4.2 Growing Need for Fuel-Efficient and Lightweight Vehicles

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Raw Material
6.2.2 Manufacturing Process
6.2.3 Distribution
6.2.4 End User
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
6.4 Macroeconomic Indicators
6.4.1 Automotive Industry
6.5 Construction Industry
6.5.1 Trends and Forecast of the Construction Industry in North America
6.5.2 Trends and Forecast of the Construction Industry in Europe
6.5.3 Trends and Forecast of the Construction Industry in Asia-Pacific
6.5.4 Trends and Forecast of the Construction Industry in Middle East & Africa
6.5.5 Trends and Forecast of the Construction Industry in South America

7 Phenolic Resin Market, By Type
7.1 Introduction
7.1.1 Difference Between Resol Resin and Novolac Resin
7.1.2 Resol Resin Accounted for the Largest Market Share
7.2 Resol Resin
7.2.1 Enhanced Properties of Resol Resin are Driving the Phenolic Resin Market in Asia-Pacific
7.3 Novolac Resin
7.3.1 Europe to Witness Slow Growth Due to Environmental Regulations on the Use of Phenol
7.4 Others
7.4.1 Growing Construction Activities in Asia-Pacific to Increase the Demand for Other Phenolic Resins
7.4.2 Bio-Phenolic Resin
7.4.3 Cresol Novolac
7.4.4 Free-Formaldehyde Phenolic Resin

8 Phenolic Resin Market, By Application
8.1 Introduction
8.2 Revenue Pocket Matrix, By Application
8.3 Wood Adhesives
8.3.1 Slow Growth of the Phenolic Resin Market in Europe
8.3.2 Plywood
8.3.3 Laminated Veneer Lumber (LVL)
8.3.4 Oriented Strand Board (OSB)
8.4 Foundry
8.4.1 Enhanced Properties of Phenolic Resin Drives the Market in the Foundry Application
8.4.2 Sand Binders
8.4.3 Refractory Products
8.5 Molding
8.5.1 Increasing Use of Phenolic Resin in Automobile Tire Manufacturing
8.5.2 Coil Bobbin
8.5.3 Commutators
8.6 Laminates
8.6.1 Growing Demand From Furniture and Building & Construction End-Use Industries to Drive the Market
8.6.2 Laminate Sheet
8.6.3 Copper Clad Laminates
8.6.4 Cotton Cloth Laminated Rod
8.7 Insulation
8.7.1 Growth of Major End-Use Industries to Drive the Market
8.7.2 Glass Wool Thermal Insulation
8.7.3 Rock Wool Thermal Insulation
8.8 Others
8.8.1 Building & Construction and Automotive End-Use Industries to Drive the Market in South America
8.8.2 Abrasives
8.8.3 Friction Materials
8.8.4 Foam
8.8.5 Coatings

9 Phenolic Resin Market, By End-Use Industry
9.1 Introduction
9.1.1 Revenue Pocket Matrix, By End-Use Industry
9.2 Automotive
9.2.1 Well-Established Automotive End-Use Industry to Drive the Phenolic Resin Market in Europe
9.3 Building & Construction
9.3.1 Construction Industry of India and Indonesia to Drive the Phenolic Resin Market
9.4 Furniture
9.4.1 Growing Disposable Income and Rapid Urbanization Drives the Phenolic Resin Market in the Furniture End-Use Industry
9.5 Electrical & Electronics
9.5.1 Growing Electrical & Electronics Equipment Sales to Drive the Phenolic Resin Market
9.6 Others
9.6.1 Europe Accounted for the Second-Largest Market Share in Other End-Use Industries

10 Phenolic Resin Market, By Region
10.1 Introduction
10.2 Asia-Pacific
10.2.1 Asia-Pacific: Phenolic Resin Market, By Type
10.2.2 Asia-Pacific: Phenolic Resin Market, By Application
10.2.3 Asia-Pacific: Phenolic Resin Market, By End-Use Industry
10.2.4 Asia-Pacific: Phenolic Resin Market, By Country
10.2.4.1 China
10.2.4.2 Japan
10.2.4.3 India
10.2.4.4 South Korea
10.2.4.5 Taiwan
10.2.4.6 Thailand
10.2.4.7 Malaysia
10.2.4.8 Singapore
10.3 Europe
10.3.1 Europe: Phenolic Resin Market, By Type
10.3.2 Europe: Phenolic Resin Market, By Application
10.3.3 Europe: Phenolic Resin Market, By End-Use Industry
10.3.4 Europe: Phenolic Resin Market, By Country
10.3.4.1 Germany
10.3.4.2 Belgium
10.3.4.3 Russia
10.3.4.4 Italy
10.3.4.5 France
10.3.4.6 Turkey
10.3.4.7 Spain
10.4 North America
10.4.1 North America: Phenolic Resin Market, By Type
10.4.2 North America: Phenolic Resin Market, By Application
10.4.3 North America: Phenolic Resin Market, By End-Use Industry
10.4.4 North America: Phenolic Resin Market, By Country
10.4.4.1 U.S.
10.4.4.2 Canada
10.4.4.3 Mexico
10.5 Middle East & Africa
10.5.1 Middle East & Africa: Phenolic Resin Market, By Type
10.5.2 Middle East & Africa: Phenolic Resin Market, By Application
10.5.3 Middle East & Africa: Phenolic Resin Market, By End-Use Industry
10.5.4 Middle East & Africa: Phenolic Resin Market, By Country
10.5.4.1 Saudi Arabia
10.5.4.2 UAE
10.5.4.3 Egypt
10.5.4.4 South Africa
10.6 South America
10.6.1 South America: Phenolic Resin Market, By Type
10.6.2 South America: Phenolic Resin Market, By Application
10.6.3 South America: Phenolic Resin Market, By End-Use Industry
10.6.4 South America: Phenolic Resin Market, By Country
10.6.4.1 Brazil
10.6.4.2 Argentina

11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis of Key Players
11.2.1 Hexion Inc.
11.2.2 Sumitomo Bakelite Co., Ltd.
11.3 Competitive Benchmarking
11.4 Competitive Situation and Trends
11.4.1 Expansions
11.4.2 Joint Ventures

12 Company Profiles
(Overview, Financial - , Products & Services, Strategy, and Developments)
12.1 Hexion Inc.
12.2 Hitachi Chemical Co., Ltd.
12.3 Sumitomo Bakelite Co., Ltd.
12.4 BASF SE
12.5 SI Group, Inc.
12.6 DIC Corporation
12.7 Kolon Industries, Inc.
12.8 Shandong Laiwu Runda New Material Co., Ltd.
12.9 Dujodwala Paper Chemicals Ltd.
12.10 Changshu South-East Plastic Co., Ltd.
12.11 Other Key Market Players
12.11.1 Shengquan Group (China)
12.11.2 Allnex Belgium SA/NV (Belgium)
12.11.3 Georgia-Pacific Chemicals LLC (U.S.)
12.11.4 Prefere Resins (Germany)
12.11.5 Mitsui Chemicals, Inc. (Japan)
12.11.6 Dynea as (Norway)
12.11.7 Chang Chun Plastics Co., Ltd. (Taiwan)
12.11.8 Fenolit D.D. (Slovenia)
12.11.9 Red Avenue Group Co., Ltd. (China)
12.11.10 UCP Chemicals AG (Vienna)
12.11.11 Aica Kogyo Co., Ltd. (Japan)
12.11.12 Lerg SA (Poland)
12.11.13 Saluc SA (Belgium)
12.11.14 Mansoura for Resins & Chemical Industries Co. (Egypt)
12.11.15 Sprea Misr (Egypt)

- Details Might Not Be Captured in Case of Unlisted Companies

13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide

List of Tables

Table 1 Phenolic Resin Market, By Type
Table 2 Phenolic Resin Market, By Application
Table 3 Phenolic Resin Market, By End-Use Industry
Table 4 Phenolic Resin Market, By Region
Table 5 Vehicles Produced, By Country, 2011-2015 (Thousand Unit)
Table 6 Contribution of the Construction Industry to the GDP of North America, 2014-2021 (USD Billion)
Table 7 Contribution of the Construction Industry to the GDP of Europe, 2014-2021 (USD Billion)
Table 8 Contribution of the Construction Industry to the GDP of Asia-Pacific, 2014-2021 (USD Billion)
Table 9 Contribution of the Construction Industry to the GDP of Middle East & Africa, 2014-2021 (USD Billion)
Table 10 Contribution of the Construction Industry to the GDP of South America, 2014-2021 (USD Billion)
Table 11 Phenolic Resin Market Size, By Type, 2014-2021 (USD Million)
Table 12 Phenolic Resin Market Size, By Type, 2014-2021 (Kiloton)
Table 13 Resol Resin Market Size, By Region, 2014-2021 (USD Million)
Table 14 Resol Resin Market Size, By Region, 2014-2021 (Kiloton)
Table 15 Novolac Resin Market Size, By Region, 2014-2021 (USD Million)
Table 16 Novolac Resin Market Size, By Region, 2014-2021 (Kiloton)
Table 17 Other Phenolic Resin Market Size, By Region, 2014-2021 (USD Million)
Table 18 Other Phenolic Resin Market Size, By Region, 2014-2021 (Kiloton)
Table 19 Phenolic Resin Market Size, By Application, 2014-2021 (USD Million)
Table 20 Phenolic Resin Market Size, By Application, 2014-2021 (Kiloton)
Table 21 Phenolic Resin Market Size in Wood Adhesives Application, By Region, 2014-2021 (USD Million)
Table 22 Phenolic Resin Market Size in Wood Adhesives Application, By Region, 2014-2021 (Kiloton)
Table 23 Phenolic Resin Market Size in Foundry Application, By Region, 2014-2021 (USD Million)
Table 24 Phenolic Resin Market Size in Foundry Application, By Region, 2014-2021 (Kiloton)
Table 25 Phenolic Resin Market Size in Molding Application, By Region, 2014-2021 (USD Million)
Table 26 Phenolic Resin Market Size in Molding Application, By Region, 2014-2021 (Kiloton)
Table 27 Phenolic Resin Market Size in Laminates Application, By Region, 2014-2021 (USD Million)
Table 28 Phenolic Resin Market Size in Laminates Application, By Region, 2014-2021 (Kiloton)
Table 29 Phenolic Resin Market Size in Insulation Application, By Region, 2014-2021 (USD Million)
Table 30 Phenolic Resin Market Size in Insulation Application, By Region, 2014-2021 (Kiloton)
Table 31 Phenolic Resin Market Size in Other Applications, By Region, 2014-2021 (USD Million)
Table 32 Phenolic Resin Market Size in Other Applications, By Region, 2014-2021 (Kiloton)
Table 33 Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 34 Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 35 Phenolic Resin Market Size in Automotive End-Use Industry, By Region, 2014-2021 (USD Million)
Table 36 Phenolic Resin Market Size in Automotive End-Use Industry, By Region, 2014-2021 (Kiloton)
Table 37 Phenolic Resin Market Size in Building & Construction End-Use Industry, By Region, 2014-2021 (USD Million)
Table 38 Phenolic Resin Market Size in Building & Construction End-Use Industry, By Region, 2014-2021 (Kiloton)
Table 39 Phenolic Resin Market Size in Furniture End-Use Industry, By Region, 2014-2021 (USD Million)
Table 40 Phenolic Resin Market Size in Furniture End-Use Industry, By Region, 2014-2021 (Kiloton)
Table 41 Phenolic Resin Market Size in Electrical & Electronics End-Use Industry, By Region, 2014-2021 (USD Million)
Table 42 Phenolic Resin Market Size in Electrical & Electronics End-Use Industry, By Region, 2014-2021 (Kiloton)
Table 43 Phenolic Resin Market Size in Other End-Use Industries, By Region, 2014-2021 (USD Million)
Table 44 Phenolic Resin Market Size in Other End-Use Industries, By Region, 2014-2021 (Kiloton)
Table 45 Phenolic Resin Market Size, By Region, 2014-2021 (USD Million)
Table 46 Phenolic Resin Market Size, By Region, 2014-2021 (Kiloton)
Table 47 Asia-Pacific: Phenolic Resin Market Size, By Type, 2014-2021 (USD Million)
Table 48 Asia-Pacific: Phenolic Resin Market Size, By Type, 2014-2021 (Kiloton)
Table 49 Asia-Pacific: Phenolic Resin Market Size, By Application, 2014-2021 (USD Million)
Table 50 Asia-Pacific: Phenolic Resin Market Size, By Application, 2014-2021 (Kiloton)
Table 51 Asia-Pacific: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 52 Asia-Pacific: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 53 Asia-Pacific: Phenolic Resin Market Size, By Country, 2014-2021 (USD Million)
Table 54 Asia-Pacific: Phenolic Resin Market Size, By Country, 2014-2021 (Kiloton)
Table 55 China: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 56 China: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 57 Japan: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 58 Japan: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 59 India: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 60 India: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 61 Europe: Phenolic Resin Market Size, By Type, 2014-2021 (USD Million)
Table 62 Europe: Phenolic Resin Market Size, By Type, 2014-2021 (Kiloton)
Table 63 Europe: Phenolic Resin Market Size, By Application, 2014-2021 (USD Million)
Table 64 Europe: Phenolic Resin Market Size, By Application, 2014-2021 (Kiloton)
Table 65 Europe: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 66 Europe: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 67 Europe: Phenolic Resin Market Size, By Country, 2014-2021 (USD Million)
Table 68 Europe: Phenolic Resin Market Size, By Country, 2014-2021 (Kiloton)
Table 69 Germany: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 70 Germany: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 71 Belgium: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 72 Belgium: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 73 Russia: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 74 Russia: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 75 North America: Phenolic Resin Market Size, By Type, 2014-2021 (USD Million)
Table 76 North America: Phenolic Resin Market Size, By Type, 2014-2021 (Kiloton)
Table 77 North America: Phenolic Resin Market Size, By Application, 2014-2021 (USD Million)
Table 78 North America: Phenolic Resin Market Size, By Application, 2014-2021 (Kiloton)
Table 79 North America: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 80 North America: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 81 North America: Phenolic Resin Market Size, By Country, 2014-2021 (USD Million)
Table 82 North America: Phenolic Resin Market Size, By Country, 2014-2021 (Kiloton)
Table 83 U.S.: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 84 U.S.: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 85 Canada: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 86 Canada: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 87 Mexico: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 88 Mexico: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 89 Middle East & Africa: Phenolic Resin Market Size, By Type, 2014-2021 (USD Million)
Table 90 Middle East & Africa: Phenolic Resin Market Size, By Type, 2014-2021 (Kiloton)
Table 91 Middle East & Africa: Phenolic Resin Market Size, By Application, 2014-2021 (USD Million)
Table 92 Middle East & Africa: Phenolic Resin Market Size, By Application, 2014-2021 (Kiloton)
Table 93 Middle East & Africa: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 94 Middle East & Africa: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 95 Middle East & Africa: Phenolic Resin Market Size, By Country, 2014-2021 (USD Million)
Table 96 Middle East & Africa: Phenolic Resin Market Size, By Country, 2014-2021 (Kiloton)
Table 97 Saudi Arabia: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 98 Saudi Arabia: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 99 UAE: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 100 UAE: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 101 South America: Phenolic Resin Market Size, By Type, 2014-2021 (USD Million)
Table 102 South America: Phenolic Resin Market Size, By Type, 2014-2021 (Kiloton)
Table 103 South America: Phenolic Resin Market Size, By Application, 2014-2021 (USD Million)
Table 104 South America: Phenolic Resin Market Size, By Application, 2014-2021 (Kiloton)
Table 105 South America: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 106 South America: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 107 South America: Phenolic Resin Market Size, By Country, 2014-2021 (USD Million)
Table 108 South America: Phenolic Resin Market Size, By Country, 2014-2021 (Kiloton)
Table 109 Brazil: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 110 Brazil: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 111 Argentina: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 112 Argentina: Phenolic Resin Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 113 Brand Influence on the Phenolic Resin Market
Table 114 Expansions, 2012-2016
Table 115 Joint Ventures, 2012-2016

List of Figures

Figure 1 Phenolic Resin: Market Segmentation
Figure 2 Phenolic Resin Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Phenolic Resin Market: Data Triangulation
Figure 6 Resol Resin to Dominate the Phenolic Resin Market Between 2016 and 2021
Figure 7 Wood Adhesives Segment to Lead the Phenolic Resin Market Between 2016 and 2021
Figure 8 Asia-Pacific to Register the Highest CAGR in the Phenolic Resin Market, 2016-2021
Figure 9 The Phenolic Resin Market to Witness Moderate Growth Between 2016 and 2021
Figure 10 Asia-Pacific to Be the Key Phenolic Resin Market Between 2016 and 2021
Figure 11 Resol Resin and China Dominated the Asia-Pacific Market in 2015
Figure 12 Automotive Segment Accounts for the Largest Market Share
Figure 13 Overview of Factors Governing the Phenolic Resin Market
Figure 14 Value Chain of the Phenolic Resin Market
Figure 15 Phenolic Resin : Porter’s Five Forces Analysis
Figure 16 Asia-Pacific Recorded the Highest Number of Vehicles Produced in 2015
Figure 17 Contribution of the Construction Industry to the GDP of North America, 2016 vs 2021
Figure 18 Construction Industry in U.K. Contributes Maximum to the GDP of Europe, 2016 vs 2021
Figure 19 Construction Industry in China Contributes Maximum to the GDP of Asia-Pacific, 2016 vs 2021
Figure 20 Construction Industry in Saudi Arabia Contributes Maximum to the GDP of the Middle East & Africa, 2016 vs 2021
Figure 21 Construction Industry in Brazil Contributes Maximum to the GDP of South America, 2016 vs 2021.
Figure 22 Resol Resin to Dominate the Phenolic Resin Market Between 2016 and 2021
Figure 23 Asia-Pacific to Be the Fastest-Growing Resol Resin Market Between 2016 and 2021
Figure 24 Asia-Pacific to Be the Largest Novolac Resin Market During the Forecast Period
Figure 25 Asia-Pacific to Lead the Other Phenolic Resin Market During the Forecast Period
Figure 26 Wood Adhesives Segment to Dominate the Phenolic Resin Market Between 2016 and 2021
Figure 27 Wood Adhesives is the Largest Application of Phenolic Resin
Figure 28 Asia-Pacific to Lead the Market in the Wood Adhesives Application
Figure 29 Asia-Pacific to Be the Largest Market in the Foundry Application
Figure 30 Asia-Pacific to Dominate the Market in the Molding Application
Figure 31 Asia-Pacific to Dominate the Market in the Laminates Application
Figure 32 Europe to Be the Second-Largest Market in the Insulation Application
Figure 33 Asia-Pacific to Dominate the Market in Other Applications
Figure 34 Automotive Segment to Lead the Phenolic Resin Market, 2016-2021
Figure 35 Automotive Was the Largest End-Use Industry in 2015
Figure 36 Asia-Pacific to Be the Largest Market in the Automotive End-Use Industry
Figure 37 Asia-Pacific to Lead the Market in the Building & Construction End-Use Industry
Figure 38 Europe to Be the Second-Largest Market in the Furniture End-Use Industry
Figure 39 Asia-Pacific to Be the Largest Market in the Electrical & Electronics End-Use Industry
Figure 40 Asia-Pacific to Lead the Market in Other End-Use Industries
Figure 41 Regional Snapshot: Asia-Pacific Countries Emerging as Strategic Location for the Phenolic Resin Market
Figure 42 Asia-Pacific Market Snapshot: China to Dominate the Phenolic Resin Market
Figure 43 South Korea: Phenolic Resin Market Size, 2014-2021
Figure 44 Taiwan: Phenolic Resin Market Size, 2014-2021
Figure 45 Thailand: Phenolic Resin Market Size, 2014-2021
Figure 46 Malaysia: Phenolic Resin Market Size, 2014-2021
Figure 47 Singapore: Phenolic Resin Market Size, 2014-2021
Figure 48 Europe Market Snapshot: Germany to Lead the Phenolic Resin Market
Figure 49 Italy: Phenolic Resin Market Size, 2014-2021
Figure 50 France: Phenolic Resin Market Size, 2014-2021
Figure 51 Turkey: Phenolic Resin Market Size, 2014-2021
Figure 52 Spain: Phenolic Resin Market Size, 2014-2021
Figure 53 North America Market Snapshot: U.S. Dominated the Phenolic Resin Market
Figure 54 Egypt: Phenolic Resin Market Size, 2014-2021
Figure 55 South Africa: Phenolic Resin Market Size, 2014-2021
Figure 56 Expansion Was the Most Preferred Growth Strategy Adopted By Major Players Between 2012 and 2016
Figure 57 Key Growth Strategies in the Phenolic Resin Market, 2012-2016
Figure 58 Hexion Inc. is the Leading Market Player
Figure 59 Hexion Inc.: Company Snapshot
Figure 60 Hexion Inc.: SWOT Analysis
Figure 61 Hitachi Chemical Co., Ltd.: Company Snapshot
Figure 62 Hitachi Chemical Co., Ltd.: SWOT Analysis
Figure 63 Sumitomo Bakelite Co., Ltd.: Company Snapshot
Figure 64 Sumitomo Bakelite Co., Ltd.: SWOT Analysis
Figure 65 BASF SE: Company Snapshot
Figure 66 BASF SE: SWOT Analysis
Figure 67 SI Group, Inc.: SWOT Analysis
Figure 68 DIC Corporation: Company Snapshot
Figure 69 Kolon Industries, Inc.: Company Snapshot

Note: Product cover images may vary from those shown
4 of 5

FEATURED COMPANIES

  • BASF SE
  • Dynea as (Norway)
  • Hexion Inc.
  • Lerg SA (Poland)
  • Saluc SA (Belgium)
  • SI Group, Inc.
  • MORE

The global phenolic resin market is estimated to be valued at USD 11.30 Billion in 2016, and is projected to reach USD 15.01 Billion by 2021, at a CAGR of 5.8% during the forecast period. The advanced properties of phenolic resin and the increasing demand from the tire industry are expected drive the market during the forecast period.

The global phenolic resin market is classified on the basis of type, namely, resol resin, novolac resin, and others. Resol resin is expected to lead the global phenolic resin market during the forecast period, followed by novolac resin. Resol resin is expected to lead the market due to its growing use in the wood adhesives application. The market for resol resin is also expected to witness the highest CAGR from 2016 to 2021. The main features of resol resin are, the superior heat resistance, high flexibility, mechanical strength, and moldability, and excellent friction properties.

The global phenolic resin market is classified on the basis of application, namely, wood adhesives, molding, laminates, foundry, insulation, and others. The wood adhesives application is the largest, due to the rapidly growing construction industry, which in turn is driving the consumption of wood adhesives. The molding application is also expected to grow at the highest CAGR during forecast period.

The global phenolic resin market is classified on the basis of end-use industry, namely, automotive, building & construction, furniture, electrical & electronics, and others. Automotive is the largest and the fastest-growing end-use industry due to the growing automobile sales. In addition, the increase in the use of phenolic resins in applications such as, brake linings, clutch facing, and brake pads is also expected to drive the phenolic resin market.

The global phenolic resin market is segmented on the basis of region, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and South America. Currently, the Asia-Pacific region is the largest market for phenolic resin. Rapid industrialization and improved living standards are expected to drive the increasing demand for phenolic resin.  The Middle Eastern & African region is projected to be the second-fastest growing market from 2016 to 2021. This growth is attributed to the rapidly growing automotive and building & construction industries in the region.

The major factors restraining the growth of the global phenolic resin market are the environmental regulations regarding formaldehyde emissions.  Formaldehyde and phenol are the primary raw materials used in the production of phenolic resin. Phenol is corrosive to the body tissue, and poisoning can occur from inhalation, ingestion, or absorption.  As a result, the use of formaldehyde and phenol are heavily regulated, especially in North America and Europe. Some of the key players in the global phenolic resin market are, Hexion Inc. (U.S.), Hitachi Chemical Co., Ltd. (Japan), Sumitomo Bakelite Co., Ltd. (Japan), SI Group, Inc. (U.S.), DIC Corporation (Japan), BASF SE (Germany), Kolon Industries, Inc. (South Korea), Shandong Laiwu Runda New Material Co., Ltd. (China), Dujodwala Paper Chemicals Ltd. (India), and Changshu South-East Plastics Co., Ltd. (China), among others.

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  • Aica Kogyo Co., Ltd. (Japan)
  • Allnex Belgium SA/NV (Belgium)
  • BASF SE
  • Chang Chun Plastics Co., Ltd. (Taiwan)
  • Changshu South-East Plastic Co., Ltd.
  • DIC Corporation
  • Dujodwala Paper Chemicals Ltd.
  • Dynea as (Norway)
  • Fenolit D.D. (Slovenia)
  • Georgia-Pacific Chemicals LLC (U.S.)
  • Hexion Inc.
  • Hitachi Chemical Co., Ltd.
  • Kolon Industries, Inc.
  • Lerg SA (Poland)
  • Mansoura for Resins & Chemical Industries Co. (Egypt)
  • Mitsui Chemicals, Inc. (Japan)
  • Prefere Resins (Germany)
  • Red Avenue Group Co., Ltd. (China)
  • SI Group, Inc.
  • Saluc SA (Belgium)
  • Shandong Laiwu Runda New Material Co., Ltd.
  • Shengquan Group (China)
  • Sprea Misr (Egypt)
  • Sumitomo Bakelite Co., Ltd.
  • UCP Chemicals AG (Vienna)
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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