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The Impact of COVID-19 is included in Phenolic Resin Market. Buy it today to get an advantage.

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The future of the phenolic resin market is attractive with opportunities in the wood adhesive, molding compound, laminate, insulation, paper impregnation, and coating applications. The phenolic resin market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $11.7 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025. The major drivers for growth in this market are increasing use of materials with fire retardant, heat resistant, and anti-corrosive properties in end use applications.

Emerging trends, which have a direct impact on the 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. 

 
A total of 138 figures / charts and 89 tables are provided in this 204 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this phenolic resin market report, download the report brochure.
 
Phenolic Resin Market by Application, End Use Industry and Resin Type
 
Phenolic resin opportunities have evolved through number of stages as presented in figure below:

Evolution of Phenolic Resin Opportunities