Phenolic resins tars are the manufactured polymers derived by the polymerization of phenol & formaldehyde. Great physical and chemical properties are possessed by Phenolic resins, for example, high mechanical quality, low lethality, great warmth resistance, low smoke development and high warm strength. Because of such high properties, phenolic resins discover their applications in heap mechanical types. From shaped types, for example, billiard balls to coatings and cements, phenolic resins are utilized for various applications crosswise over different businesses, for example, car, electrical and gadgets, development and so on. Moreover, by blending phenolic resins with other polymer, they can likewise be utilized as a part of utilizations like consumption covering, adhesive, and so on. Because of their rising interest from different businesses, the global phenolic resins market is relied upon to enlist high development rate over the forecast period. Phenols, formaldehyde and different cross-connecting operators are prepared utilizing impetuses, to acquire two noteworthy types including novolacs and resols, which contrast immeasurably in their properties and applications. The driving force towards arrangement of more prominent quality types keeping in mind the end goal to hold client unwaveringness has additionally prompted concentrated R&D in this field to grow new types and procedures.
Construction, car, furniture and electrical and hardware industry are the significant end-use sectors for phenolic resins. The development in these businesses is depended upon driving the interest for phenolic resins in the global market. Phenolic resins find their tremendous applications in various wood types, which is significantly determined by overall business development. Construction industry, which backed off through 2014-2015, is relied upon to come back to its development stage post 2016. The developing construction industry output is additionally anticipated to positively affect the global phenolic resins market throughout the forecast period. In addition, increment sought after for different formed sorts in car and avionic business is likewise anticipated that would add to the global phenolic saps request through the estimate time frame. Instability in crude material costs is a noteworthy testing factor for the development of phenolic tars market. With global concentration developing towards the improvement of green and practical sorts, bio-based gums are relied upon to pick up ubiquity among purchasers, which could likewise hamper the development of the ordinary manufactured phenolic resins market.
The global phenolic resins market can be segmented on type, application, end-use industry and geography. On the basis of type, the global phenolic resins market can be segmented into novolac resins, resol resins and others. Based on application, the global market can be segmented into insulation, laminates, wood adhesives, molding, foundry and others. Based on end-use industry, the global phenolic resins market can be segmented into electrical & electronics, automotive, building & construction, furniture and others. On the basis of geography, the global phenolic resins market can be segmented into Asia-Pacific, Europe, North America and Rest of the World.
Some of the key players operating in the global phenolic resins market include Sumitomo Bakelite Co. Ltd., Momentive Specialty Chemicals, Georgia-Pacific Chemicals, Kolon Industries Inc., Arclin Inc., BASF SE, Ashland Inc., Owens Corning, Hexcel Corporation, DIC Corporation and Olympic Panel Products LLC among others.
The global phenolic resins market can be segmented
• Novolac resins
• Resol resins
• Wood adhesives
By End-Use Industry:
• Electrical & electronics
• Building & construction
• North America
• Rest of the World