Top 10 companies of Phenolic Resins in the world
Phenolic Resin Market Size
The global phenolic resins market size was estimated to be USD 12.92 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 5.7% from 2023 to 2032. Phenolic resin is a synthetic resin manufactured by the polymerisation of formaldehyde and phenol. Phenolic resins have good properties such as electrical resistance, chemical resistance, dimensional stability, heat resistance and hardness. Some phenolic resists are able to withstand temperatures up to 550-degree Fahrenheit. Phenolic resins are used widely for the manufacturing of molded products and circuit boards. They are used as coatings and adhesives in oil well proppants and friction linings. It is used as binding agent in clutch discs, brake shoes and brake pads.
Phenolic Resin Market Share
The market is segmented by type (novolac and resol), application (molding, adhesive, insulation), and end-user industries (automotive, consumer electronics, construction, oil and gas, furniture, etc.). Geographically, the market is divided into regions like North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. Asia-Pacific is a key market due to rapid industrialization and increasing infrastructure investments (Phenolic Resin Market Companies
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Major players in the market include:
·???????? Kolon Industries, Inc.
·???????? DIC CORPORATION
·???????? Sumitomo Bakelite Co., Ltd.
·???????? Hexcel Corporation
·???????? KRATON CORPORATION
·???????? Georgia-Pacific Chemicals
·???????? Hexion
·???????? SI Group, Inc.
·???????? Bostik, Inc.
Phenolic Resin Market News
Recent developments include SI Group's plan to expand its resole production capacities by 25% and Black Diamond and Investindustrial's acquisition of phenolic specialty resin businesses from Hexion Inc.
The use of phenolic resins in automotive applications is a significant growth driver, with demand for lightweight, fuel-efficient vehicles increasing. Innovations like nanotechnology to improve mechanical properties and flame retardancy are also notable trends.
Regulatory challenges due to the presence of formaldehyde in phenolic resins, and competition from alternative materials like epoxy resins and polyurethanes, pose significant challenges to market growth.
Phenolic Resins Market Segmentation
Novolac
Resol
Liquid Resol Resin
Solid Resol Resin
?Others
?
Wood Adhesives
Molding Molding Compounds Shell Molding Coated Foundry Sand
Insulations
Laminates
Paper Impregnation
Coatings
领英推荐
Others
?
Abrasives
Composites
Carbon Binders
Friction Materials
Sound-proof Bonding Felt
Tires & Rubber
?
U.S.
Canada
Germany
U.K.
France
Italy
China
Japan
South Africa
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