Phenolic Resins Market, By Product Type (Resole, Novolac, Others), By Application (Wood Adhesives, Molding Compounds, Laminates, Insulation, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).

Published In : Mar 2024

Code : CMI341

Pages :150

Formats :

Excel and PDF

Industry : Polymers and Resins

Market Concentration and Competitive Landscape

Phenolic Resins Market Concentration By Players

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Transportation Industry

The transportation industry has emerged as a major end-use industry for phenolic resins with extensive applications in automotive as well as aerospace and marine sectors. Phenolic composites which provide advantages of low density, corrosion resistance and mechanical robustness are extensively utilized in the interiors of aircrafts, helicopters, ships and passenger ferry. Ongoing innovations and introduction of light-weight flooring, ceiling, galley and lavatory components made from phenolic composites are fueling their demand from aerospace and marine industries. Moreover, in the automotive industry, strict emission regulations have induced the development and adoption of lightweight vehicles, therefore growing automotive industry is expected to drive the market growth. For instance, the automotive industry in India is the fourth-largest by production in the world as per 2022 statistics.

Key Players Insights