Global Phenolic Resins Market to Reach $21 Billion by 2030
The global market for Phenolic Resins estimated at US$14.6 Billion in the year 2022, is projected to reach a revised size of US$21 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2022-2030. Resol Resin, one of the segments analyzed in the report, is projected to record 5.1% CAGR and reach US$10.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Novolac Resin segment is readjusted to a revised 4.4% CAGR for the next 8-year period.The U.S. Market is Estimated at $3.9 Billion, While China is Forecast to Grow at 7.1% CAGR
The Phenolic Resins market in the U.S. is estimated at US$3.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.Select Competitors (Total 31 Featured) -
- AICA Kogyo Co., Ltd
- BASF SE
- Chang Chun Plastics Co., Ltd.
- DIC Corporation
- Fenolit d.d.
- Georgia-Pacific Chemicals LLC
- Hexion Inc.
- Hitachi Chemical Co., Ltd.
- Kolon Industries, Inc.
- Lerg SA
- Mansoura For Resins & Chemical Industries Co.
- Mitsui Chemicals, Inc.
- Red Avenue Group Co., Ltd.
- Saluc SA
- Shandong Laiwu Runda New Material Co., Ltd.
- Shengquan Group Co., Ltd.
- SI Group, Inc.
- Sprea Misr
- Sumitomo Bakelite Co., Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AICA Kogyo Co., Ltd
- BASF SE
- Chang Chun Plastics Co., Ltd.
- DIC Corporation
- Fenolit d.d.
- Georgia-Pacific Chemicals LLC
- Hexion Inc.
- Hitachi Chemical Co., Ltd.
- Kolon Industries, Inc.
- Lerg SA
- Mansoura For Resins & Chemical Industries Co.
- Mitsui Chemicals, Inc.
- Red Avenue Group Co., Ltd.
- Saluc SA
- Shandong Laiwu Runda New Material Co., Ltd.
- Shengquan Group Co., Ltd.
- SI Group, Inc.
- Sprea Misr
- Sumitomo Bakelite Co., Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 189 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 14.6 Billion |
Forecasted Market Value ( USD | $ 21 Billion |
Compound Annual Growth Rate | 4.6% |
Regions Covered | Global |