Want to Know More about the Future Opportunities for Phenolic Resin?

We at Lucintel are proud to announce the launch of a new research report on phenolic resin market entitled “Phenolic Resin Market Report: Trends, Forecast, and Competitive Analysis.”
In the phenolic resin market, wood adhesive, molding compound, laminate, insulation, paper impregnation, and coating applications are some of the major segments. On the basis of its comprehensive research, Lucintel forecasts that molding compound is expected to remain the largest application segment by value due to high heat resistance, mechanical strength, and electrical properties and is used in automotive, aerospace, electronics, and industrial market. The wood adhesive will experience the highest growth over the forecast period supported by increasing demand for adhesives in furniture, waterproof construction panels, beams, and marine plywood.
According to this market report, the global phenolic resin market is expected to reach an estimated $15.0 billion by 2022 and it is forecast to grow at a CAGR of 5.0% from 2017 to 2022. There are some noteworthy developments in the global phenolic resin market as competition increases and players try to increase their market share. Some of the emerging trends shaping market dynamics of the phenolic resin industry include the development of bio-based phenolic resin and increased penetration of phenolic resin in applications where fire, smoke, and toxicity properties are required. This market report on phenolic resin answers the following key questions concerning the phenolic resin market:
Q.1. What are some of the most promising, high-growth opportunities in the global phenolic resin market by segment and region?
Q.2. Which segments in the phenolic resin market will grow at a faster pace and why?
Q.3. What are the business risks and competitive threats in the phenolic resin market?
Q.4. What are emerging trends in this market and what are the reasons behind them?
Q.5. What are some of the changing demands and needs of customers in the phenolic resin industry?
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