According to a new country report published by Lucintel, the future of the phenolic resin market in the United States is attractive with opportunities in the wood adhesive, molding compound, laminate, insulation, paper impregnation, and coating applications. The phenolic resin market in the United States is primarily driven by growth in this market are increasing use of materials with fire retardant, heat resistant, and anti-corrosive properties in end use applications.
This report studies factors affecting the phenolic resin market in the United States from both demand and supply sides. The report also analyzes growth opportunities in different applications and provides comprehensive data and analysis on trends, key drivers, and directions.
Among various growth areas, 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. Transportation, electrical & electronic, and furniture are the major end use industries in the phenolic resin market in the United States. Construction is expected to be the largest market by value and volume, and will experience the highest growth over the forecast period.
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.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the current market trends, forecasts, new market opportunities, and competitive landscape for the phenolic resin market in the United States and has come up with a comprehensive research report entitled “Opportunities for the Phenolic Resin Market in the United States.” The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes the market size and forecast for the phenolic resin market in the United States by application, end use, and resin as follows:
Phenolic Resin Market by Application (Value ($M) and Volume (M lbs) shipment analysis from 2014 to 2025):
• Wood adhesive
• Molding compound
• Laminate
• Insulation
• Coating
• Paper Impregnation
• Others
Phenolic Resin Market by End Use Industry (Value ($M) and Volume (M lbs) shipment analysis from 2014 to 2025):
• Construction
• Transportation
• Electrical and Electronics
• Furniture
• Industrial
• Others
Phenolic Resin Market by Resin Type (Value ($M) and Volume (M lbs) shipment analysis from 2014 to 2025):
• Resol phenolic resin
• Novolac and other phenolic resin
This 60-page country research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed scope, benefits, and other details of this report, please contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/United-States/opportunities-for-the-phenolic-resin.aspx or write to us at helpdesk@lucintel.com
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com