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The future of the South East Asian phenolic resin market looks promising with growth opportunities in various end use industries, including construction, transportation, electrical and electronics, furniture, industrial, and others. The South East Asian 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 grow with a CAGR of 4% to 6% from 2020 to 2025. 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 South East Asian phenolic resin industry, include the use of bio based phenolic resin and rosin modified phenolic resin.
A total of 82 figures / charts and 25 tables are provided in this 150 -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 Southeast Asian phenolic resin market report download the report brochure.
Phenolic resin opportunities have evolved through number of stages as presented in figure below:
Evolution of Southeast Asian Phenolic Resin Opportunities
In this market, wood adhesive is the largest by end use industry, whereas resol phenolic resin is largest in resin type. Growth in various segments of the Southeast Asian phenolic resin market are given below:
Southeast Asian Phenolic Resin Market by Segments