Global $10 Billion Phenolic Resin Market Analysis & Forecasts 2016-2022

The global Phenolic resins market was $10.82 billion in 2016 which is anticipated to grow steadily to $16.05 billion by 2022 growing at a CAGR of 6.7%.The global epoxy resin market alone was valued at $ 7,980 million in 2016

The global Phenolic resins market was $10.82 billion in 2016 which is anticipated to grow steadily to $16.05 billion by 2022 growing at a CAGR of 6.7%.The global epoxy resin market alone was valued at $ 7,980 million in 2016

Slow growth of existing businesses in the US and Europe indicate reasonably low growth in the coming years. Also price fluctuations and the demand and supply of the raw materials (Bisphenol A and Epichlorohydrin) are major market determinants.

The Asian Pacific region is anticipated to take the spot as the fastest growing region caused by better end user industries and an informed industrial demographic that understands how to create low cost benefits of the product with varied applications. Statistical data suggests that China and India will be key players in the market as more and more construction and furniture industries are set up. The region accounts for 64% percent of global phenolic resin consumption which is primarily occupied as Nan Ya Plastic Corporation as the major player.

Contrasted with epoxy resins properties, which comprise a major portion of such products, 20% of market share is taken by the construction industry.

The industry runs on the backbone of a growing demand for hydrogenated hydrocarbon petroleum resins as well a higher demand for petroleum resins in the Asia-Pacific region. Additionally, increasing needs for light weight, fuel efficient vehicles have sparked a profound need for the products as well as the emergence of advanced technologies such as nanotechnology and

However, volatile prices in raw materials and altering values of naphtha from refineries prove to be constraints to the industry. Stricter environmental regulations and the shift to urea formaldehyde resins as substitutes also are strong hindrances.

Increases in oxo-alcohol (n- and iso-butanol) prices continue to force companies to raise prices for products. New regulations from the ERPA restrict concentrations of materials to be used in products. Phenolic resins used in print ink services lose their value as industries tackle with rises in prices of Gum Rosin which is obtained from pine trees. BASF, Reliance and Bayer have poured massive research money to come up with safer alternatives to the resin.

Key Topics Covered:

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Global industrial robotics market Segmentation, Forecasts and Trends - By Revenue

6. By Type

7. By Application

8. By Industry

9. By Region

10. Vendor Market Share Analysis

11. Company Profiles

12. Industry Structure

For more information about this report visit https://www.researchandmarkets.com/research/9rhmsm/global_phenolic

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