Southeast Asian Phenolic Resin Market Trends: Trends, Opportunities and Competitive Analysis [2023-2028]

 Southeast Asian Phenolic Resin Market Trends and Forecast

The future of the Southeast Asian phenolic resin market looks promising with growth opportunities in construction, transportation, electrical and electronics, furniture, and industrial end uses. The Southeast Asian phenolic market is expected to reach an estimated $586.7 million by 2028 with a CAGR of 4.4% 2022 to 2028. The major drivers of growth for this market are increasing use of heat resistance, corrosion and chemical resistance materials in construction and transportation industry.

Emerging trends, which have a direct impact on the dynamics of the industry, include the includes the use of bio based phenolic resin, rosin modified phenolic resin, boron-modified phenol formaldehyde resin-based self-healing matrix for cf/siboc composites.

A total of 82 figures / charts and 25 tables are provided in this 126-page report to help in your business decisions. A sample figure with insights is shown below. 

Southeast Asian Phenolic Resin Market by Segment

The study includes a forecast for the Southeast Asian phenolic resin market by product type, material, end use, and country as follows:

Southeast Asian Phenolic Market by Product [Value ($M) and Volume (M lbs) Shipment Analysis for 2017 – 2028]:

• Wood Adhesive
• Molding Compounds
• Laminates
• Insulation
• Coating
• Paper Impregnation
• Others

Southeast Asian Phenolic Market by Material Type [Value ($M) and Volume (M lbs) Shipment Analysis for 2017 – 2028]:

• Resol Phenolic Resin
• Novolac Phenolic Resin

Southeast Asian Phenolic Market by End Use [Value ($M) and Volume (M lbs) Shipment Analysis for 2017 – 2028]:

• Construction
• Transportation
• Electrical and Electronics
• Furniture
• Industrial
• Others

Southeast Asian Phenolic Market by Region [Value ($B) and Volume (Million Pounds) shipment analysis for 2017 – 2028]:

• Thailand
• Singapore
• Malaysia
• Indonesia
• Philippines
• Vietnam
• Others

List of Southeast Asian Phenolic Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies Southeast Asian phenolic resin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the Southeast Asian phenolic companies profiled in this report includes.

• Thai GCI Resitop Co. Ltd
• Malayan Adhesives and Chemicals Snd. Bhd.
• Formal Chemical (M) Snd. Bhd.
• Jowat Adhesives
• Sumitomo Bakelite Co. Ltd
• DIC Corporation
• Asta Chem
• Pt. Intanwijaya International Tbk
• Itochu, Thailand
• Aica Kogy

Southeast Asian Phenolic Market Insight

• Lucintel forecasts that transportation will remain the largest end use segment over the forecast period due to increasing demand for heat resistant material, low-cost material, and manufacturing of high-performance composites. Electrcial and electronics is expected to witness highest growth over the forecast period.
• Caoting is expected to witness highest growth over the forecast period.

Features of Southeast Asian Phenolic Resin Market

• Market Size Estimates: Southeast Asian phenolic resin market size estimation in terms of value ($M) and volume (M lbs)
• Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments.
• Segmentation Analysis: Market size by product type,material, end use, and country.
• Regional Analysis: Southeast Asian phenolic resin market breakdown by Thailand, Singapore, Malaysia, Indonesia, Philippines, Vietnam, Others.
• Growth Opportunities: Analysis of growth opportunities in different applications, type, end use and country for the Southeast Asian phenolic resin market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the Southeast Asian phenolic resin   market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model

FAQ

Q1. What is the Southeast Asian phenolic resin market size?
Answer: The Southeast Asian phenolic resin market is expected to reach an estimated $568.7 million by 2028.  
Q2. What is the growth forecast for Southeast Asian phenolic resin market?
Answer: The thermoplastic resin in global automotive composites market is expected to grow at a CAGR of 4.4% from 2022 to 2028.    
Q3. What are the major drivers influencing the growth of the Southeast Asian phenolic resin market?
Answer: The major drivers of growth for this market are increasing use of heat resistance, corrosion and chemical resistance materials in construction and transportation industry.      
Q4. What are the major applications or end use industries for Southeast Asian phenolic resin?
Answer: Transportation and construction are the major end uses for Southeast Asian phenolic resin.     
Q5. What are the emerging trends in Southeast Asian phenolic resin market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, the includes the use of bio based phenolic resin, rosin modified phenolic resin, boron-modified phenol formaldehyde resin-based self-healing matrix for cf/siboc composites.   
Q6. Who are the key Southeast Asian phenolic resin companies?
Answer: Some of the key Southeast Asian phenolic resin companies are as follows:

• Thai GCI Resitop Co. Ltd
• Malayan Adhesives and Chemicals Snd. Bhd.
• Formal Chemical (M) Snd. Bhd.
• Jowat Adhesives
• Sumitomo Bakelite Co. Ltd
• DIC Corporation
• Asta Chem
• Pt. Intanwijaya International Tbk
• Itochu, Thailand
• Aica Kogyo

Q7.Which Southeast Asian phenolic resin segment will be the largest in future?
Answer: Lucintel forecasts that the molding compound segment will remain the largest segment and it is expected to witness the highest growth over the forecast period due to the growing use of phenolic resin in various applications where heat, pressure, water resistance, and other performance benefits are critical.   
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 

This report answers following 10 key questions

Q.1 What are some of the most promising, high-growth in Southeast Asian phenolic resin market by application (wood adhesive, molding compounds, laminates, insulation, coating, paper impregnation, and others), type (resol phenolic resin and novolac phenolic resin), end use (construction, transportation, electrical and electronics, furniture, and others), and country (Thailand, Singapore, Malaysia, Indonesia, Philippines, Vietnam and Others )?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.4 What are the business risks and threats to the market?
Q.5 What are the emerging trends in this market and the reasons behind them?
Q.6 What are the changing demands of customers in the market?
Q.7 What are the new developments in the market? Which companies are leading these developments?
Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.10 What M & A activities have taken place in the last 5 years in this market?

For any questions related to Southeast Asian phenolic resin market or related to Southeast Asian phenolic market size, Southeast Asian phenolic market analysis, Southeast Asian phenolic suppliers, Southeast Asian phenolic manufacturers, Southeast Asian phenolic raw material, Southeast Asian phenolic cost, Southeast Asian phenolic market trend and forecast, Southeast Asian Phenolic applications, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.