Phenolic Resin Market – Global Trends & Forecast to 2019

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MarketsandMarkets Presents

• Phenolic Resin Market
• Global Trends Forecast to 2019

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• Phenolic resin is synthetic polymers obtained by
  the reaction of phenol or substituted phenol with
  formaldehyde. Because of its high mechanical
  strength, good heat resistance, flame retardant,
  low toxicity, low smoke and its property of
  getting blended with other polymers to achieve
  high performance it is widely used in molding
  compounds, wood adhesives, laminates, insulation,
  and other applications. The global market is
  expected to grow at a CAGR of 5.7 from 2014 to
  2019 to reach a value of 19.31 billion. The
  demand for phenolic resins is increasing and will
  continue to increase as the construction and
  housing industries in the developing region is
  providing opportunities for phenolic resin
  demand.
• Asia-Pacific, North America, and Europe dominated
  the phenolic resin market in 2013 and accounted
  for over 90 of the market. The market for
  phenolic resins in most countries closely tracks
  GDP growth and housing market growth.

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• http//www.marketsandmarkets.com/Market-Reports/ph
  enolic-resin-market-177821389.html
• Resol accounted for more than 75 of the global
  market in 2013. Resol phenolic resin market will
  grow at a healthy growth rate of 4.1 till 2019.
• The global phenolic resin market by product type
  and application type, has witnessed a significant
  growth in the past few years and this growth is
  estimated to persist in the coming years. The
  resol type phenolic resins constitute majority of
  the market globally. Phenol and formaldehyde are
  the main consumed raw material for the phenolic
  resin.

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• Wood adhesive application of these resins is
  expected to drive the phenolic resin market. One
  of the key factors contributing to this market
  growth that phenolic resins make excellent wood
  adhesives for plywood and particleboard because
  they form chemical bonds with the phenol-like
  lignin component of wood. They are especially
  desirable for exterior plywood, owing to their
  good moisture resistance.
• In most regions of the world, the largest markets
  for phenolic resins are in plywood and in fibrous
  and granulated wood products. Demand for wood
  products is influenced by the health of the
  construction industry and overall state of the
  economy. Since the major portion of phenolic
  resins is used in the wood products industry, the
  market for phenolic resins in most countries
  closely tracks GDP growth and housing market
  growth

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