PHENOL FORMALDEHYDE ADHESIVES AND LAMINATES MARKET ANALYSIS

Regional Analysis

Market Outlook

On the basis of region, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The market in Asia Pacific is expected to hold dominant position over the forecast period. This is attributed to growing building and construction industry in the economies of India and China. The market is also expected to witness the fastest growth over the forecast period, owing to increasing demand for phenol formaldehyde adhesives and laminates in this region. The market in North America is primarily driven by high demand of phenol formaldehyde adhesives and laminates from the construction and wooden chipboard market. The market in Europe is expected to account for significant market share, owing to high demand for phenol formaldehyde adhesives and laminates from Germany followed by Italy, Spain, Sweden, and the U.K.