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Phenolic Resin Market Strategies and Forecasts, 2020 to 2026

The market is projected to witness a significant growth over the forecast period. Phenolic resins exhibit favorable properties such as heat & chemical resistance, moisture resistance, superior mechanical strength among others. In addition, ability to customize these products into different grades has resulted in the further expansion of application portfolio of phenolic resins.

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Phenolic Resin Market Strategies and Forecasts, 2020 to 2026

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  1. Phenolic Resin MarketSet to Exceed $18.1 Billion by 2026 | CAGR 5.4% “Phenolic Resins Market Share, Size, Trends, Industry Analysis Report By Product (Novolac, Resols), By Application (Wood Adhesives, Molding, Insulation, Laminates, Paper Impregnation, Coatings, Refractory Materials, Friction Material, Rubber & Tire, Electronics, and Abrasives); By End-Use (Building & Construction, Automotive, Electrical & Electronics, Furniture); By Regions, Segments Forecast, 2020 - 2026”

  2. Phenolic Resin Market Estimate & Forecast to 2026 The global phenolic resin market size is expected to reach USD 18.1 billion by 2026 growing at a CAGR of 5.4% during the forecast period according to a new study published by Polaris Market Research. The market is projected to witness a significant growth over the forecast period. Phenolic resins exhibit favorable properties such as heat & chemical resistance, moisture resistance, superior mechanical strength among others. In addition, ability to customize these products into different grades has resulted in the further expansion of application portfolio of phenolic resins. Favorable versatility and diversity of phenolic resins also makes them suitable for innovative product designs with high aesthetic appeal, such as in architecture, aerospace structural components and others. Furthermore, product and application innovation in impregnated materials is likely to present lucrative opportunities for growth in this market over the forecast period. Phenolic resins for molding compounds are anticipated to emerge as the fastest growing market segment over the forecast period. Phenolic resins in molding compounds lend high heat stability & lower the curing times required. Expansion of the aerospace and retail transportation sector in countries such as Mexico, India, Indonesia, and Thailand are encouraging the demand for large parts with higher mechanical strength, which in turn is driving phenolic resins consumption.

  3. Phenolic Resin Market Scope Request for sample

  4. Phenolic Resin Market Estimate & Forecast to 2026 The R&D efforts in Europe by market participants are also expected to impact phenolic resins production and processing technologies in other regional markets of the globe. Recent innovations have led to the development of unique prepreg resins that completely eliminate the need for refrigerated shipping and storage, enable increased service temperatures and improve safety, while lowering residual stress as compared to conventional phenolic resins raw materials. This may lead to greater substitution of phenolic resins across the globe over the near future. Some of the major players in the market participants include Owens Corning, Arclin Inc., Ashland Inc., DIC Corporation, Hexcel Corp., Momentive Specialty Chemicals, Sumitomo Bakelite Co. Ltd, Olympic Panel Products LLC, BASF SE, SI Group Inc, Hexion, Asahi Kasei, GUN EI Chemical Industry, Kangnam Chemical Co. Ltd., Changchun group, DYNEA, Zhejiang Hangmo, Yushiju Chemical, Hitachi Chemical Co. Ltd., and Red Avenue New Materials. Browse Complete Report

  5. Phenolic Resin Market Size Request for TOC

  6. Phenolic Resin Market Study – Engagement Options Buy Now – Click Here! Buy now & have immediate access to premium insights Purchase Report Sections – Click Here! Regional analysis Segmentation analysis Industry outlook Competitive landscape Speak To Analyst – Click Here! Get your doubts clear Schedule a call with our analyst before making any decision Request For Sample Pages – Click Here! Get free sample pages Understand report structure Unmask data for validation

  7. About Us Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to e present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com

  8. Thank You! Contact Us : Polaris Market Research30 Wall Street8th Floor, New York City, NY 10005,United States E mail Id: sales@polarismarketresearch.com Phone: +1-646-568-9980

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