According to a new market report published by Lucintel, the future of the South East Asian phenolic resin market looks promising with growth opportunities in construction, transportation, electrical and electronics, furniture, and industrial. The South East Asian phenolic resin market is expected to reach an estimated $534.6 million by 2027 with a CAGR of 4.6% from 2021 to 2027. The major drivers of growth for this market are increasing use of heat resistance, corrosion and chemical resistance materials in construction and transportation industry.
In this market, wood adhesive, molding compounds, decorative laminates, insulation, coating, paper impregnation are the major applications., 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.
Within the South East Asian phenolic resin market, construction 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. Transportation is expected to witness the highest growth over the forecast period.
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. Sumitomo Bakelite, Thai GCI Resitop, AICA KOGYO, Asta Chem, Malayan Adhesives, and Formal Chemicals are among the major suppliers of the South East Asian phenolic resin market.
Lucintel, a leading global strategic consulting and
market research firm, has analyzed growth opportunities in the South East Asian phenolic resin market by application, type, end use, and country. Lucintel has prepared a comprehensive research report entitled “
Growth Opportunities in the South East Asian Phenolic Resin Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the South East Asian phenolic resin market by application, type, end use, and country.as follow:
By Application [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
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Wood Adhesive
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Molding Compounds
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Laminates
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Insulation
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Coating
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Paper Impregnation
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Others
By Type [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
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Resol Phenolic Resin
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Novolac Phenolic Resin
By End Use [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
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Construction
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Transportation
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Electrical and Electronics
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Furniture
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Industrial
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Others
By Country [Value ($M) and Volume (Million Pounds) shipment analysis for 2016 – 2027]:
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Thailand
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Singapore
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Malaysia
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Indonesia
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Philippines
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Vietnam
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Others
This 126-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… 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.
This report answers following 10 key questions:
Q.1 What are some of the most promising, high-growth in South East 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, industrial 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?
