Press release
Top Scenario: How did COVID-19 disrupt the Phenolic Resin Adhesives Market
Research Dive has published a report with the offering title “Phenolic Resin Adhesives Market, by Product (Novolac Resin, Resol Resin), by Application (Paper Impregnation, Molding, Insulation, Wood Adhesives, Laminates, and Coatings), by End-use (Electrical & Electronics, Building & Construction, Automotive, Furniture), Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026”
The global phenolic resin adhesives market is expected to reach $17460 million by the end of 2026 as per the report.
Download FREE Sample Report of the Phenolic Resin Adhesives Market @ https://www.researchdive.com/request-toc-and-sample/137
Regional Analysis
Asia-Pacific region is predicted to dominate the market in the forecast period. The economic development and high investment in automotive, building & construction, furniture, and electrical & electronics sectors has increased the demand of phenolic resin adhesives in the Asia-Pacific countries. This is the main factor driving the growth of the market in this region.
Key Segments of the Market
The report has divided the market based on product, application, end-use, and regional analysis.
• In product segment, resol resin is going to be the most profitable. The reason behind this growth is its amazing properties such as enhanced heat resistance, improved tensile strength, and outstanding moldability.
• In application, wood adhesives will be the most lucrative. The application of phenolic resin adhesives on wood imparts it with excellent resistance to water, moisture, and weather that makes it suitable for use in the construction industry. This is the main factor enhancing the growth of the segment.
• Automotive segment will lead the market with highest market share. Phenolic resin adhesives are used in the automotive segment for the manufacture of drum linings, brake pads, disc brake clutch facing, and these are the factors propelling the growth of segment.
Check out How COVID-19 impact on the Market. Click here to Connect with Analyst @ https://www.researchdive.com/connect-to-analyst/137
Market Dynamics
The developing transport business all across the world is boosting the growth of the rubber processing industry. This is expected to influence the development of phenolic resin adhesives market in the upcoming years. Increased demands owing to demographics, stronger support by the state and reasonable surge in the prices of oil are key factors that are propelling the growth of the market during the forecast period.
Phenol and formaldehyde are the major raw materials that are being used in the manufacturing process of phenolic resins adhesives. These two products are mainly used in the production of compound wood products (particleboard, hardwood plywood, and medium thickness fiberboard), paints & coatings, construction materials & insulation, and paper products, and others. However, these products are proved harmful for the environment. This is one of the factor hindering the growth of the market.
Key Players of the market
The report has mentioned the leading players of the global phenolic resin adhesives market which include Sumitomo Bakelite Co., Ltd., Hexion Inc., Hitachi Chemical Co., Ltd., Changshu South-East Plastic Co., Ltd., SI Group, Inc., Kolon Industries, Inc., BASF SE, DIC Corporation, Shandong Laiwu, Dujodawala Paper Chemicals Ltd., Runda New Material Co., Ltd., and many more.
About Us:
R
Contact us:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
+1 (917) 444-1262 (US)
Toll Free: +1-888-961-4454
E-mail: support@researchdive.com
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521
Blog: https://www.researchdive.com/blog
esearch Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
The global phenolic resin adhesives market is expected to reach $17460 million by the end of 2026 as per the report.
Download FREE Sample Report of the Phenolic Resin Adhesives Market @ https://www.researchdive.com/request-toc-and-sample/137
Regional Analysis
Asia-Pacific region is predicted to dominate the market in the forecast period. The economic development and high investment in automotive, building & construction, furniture, and electrical & electronics sectors has increased the demand of phenolic resin adhesives in the Asia-Pacific countries. This is the main factor driving the growth of the market in this region.
Key Segments of the Market
The report has divided the market based on product, application, end-use, and regional analysis.
• In product segment, resol resin is going to be the most profitable. The reason behind this growth is its amazing properties such as enhanced heat resistance, improved tensile strength, and outstanding moldability.
• In application, wood adhesives will be the most lucrative. The application of phenolic resin adhesives on wood imparts it with excellent resistance to water, moisture, and weather that makes it suitable for use in the construction industry. This is the main factor enhancing the growth of the segment.
• Automotive segment will lead the market with highest market share. Phenolic resin adhesives are used in the automotive segment for the manufacture of drum linings, brake pads, disc brake clutch facing, and these are the factors propelling the growth of segment.
Check out How COVID-19 impact on the Market. Click here to Connect with Analyst @ https://www.researchdive.com/connect-to-analyst/137
Market Dynamics
The developing transport business all across the world is boosting the growth of the rubber processing industry. This is expected to influence the development of phenolic resin adhesives market in the upcoming years. Increased demands owing to demographics, stronger support by the state and reasonable surge in the prices of oil are key factors that are propelling the growth of the market during the forecast period.
Phenol and formaldehyde are the major raw materials that are being used in the manufacturing process of phenolic resins adhesives. These two products are mainly used in the production of compound wood products (particleboard, hardwood plywood, and medium thickness fiberboard), paints & coatings, construction materials & insulation, and paper products, and others. However, these products are proved harmful for the environment. This is one of the factor hindering the growth of the market.
Key Players of the market
The report has mentioned the leading players of the global phenolic resin adhesives market which include Sumitomo Bakelite Co., Ltd., Hexion Inc., Hitachi Chemical Co., Ltd., Changshu South-East Plastic Co., Ltd., SI Group, Inc., Kolon Industries, Inc., BASF SE, DIC Corporation, Shandong Laiwu, Dujodawala Paper Chemicals Ltd., Runda New Material Co., Ltd., and many more.
About Us:
R
Contact us:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
+1 (917) 444-1262 (US)
Toll Free: +1-888-961-4454
E-mail: support@researchdive.com
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521
Blog: https://www.researchdive.com/blog
esearch Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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