Product ID: UCMIG15F2019
Phenolic Resin Market Size, Share, Growth Analysis, By Type(Resol Resin, Novolac Resin), By Application(Adhesives & Binding, Foundry), By End-use Industry(Electrical & Electronics, Automotive), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG15F2019 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Phenolic Resin Market Insights
Market Overview:
The rise in residential housing that uses engineered wood products is driving growth in the manufacturing of wall panels, cabinets, and furniture. The expected economic recovery in the United States will provide lucrative opportunities for these laminates. Furthermore, phenolic resins are widely used in the construction industry to make industrial and decorative laminates. Prices for phenolic resins have been under pressure due to oversupply from emerging markets such as China, which has stifled market growth in recent years. However, phenolic resins aid in vehicle weight reduction, which reduces CO2 emissions and accelerates demand for phenolic resins in foams and other automotive products.
Phenolic Resin Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Construction Materials by segment aggregation, the contribution of the Construction Materials in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Phenolic Resin Market Report Snapshots
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