The phenolic resins were the first genuinely synthetic resins to be used, and they can be regarded as the first commercially available polymeric materials made from low-molecular-weight simple chemicals. Their early growth has been briefly discussed in Chapter 1 and in greater detail elsewhere.
Despite being close to their 100th anniversary, phenolic resins are still employed in a variety of products, including moulding powders, laminating resins, adhesives, binders, surface coatings, and impregnants. The market has expanded consistently up until relatively recently, but not at the same rate as plastics materials as a whole. For instance, the production of phenolic resins was comparable to that of PVC and polyethylene in 1957 and was roughly twice that of polystyrene.
Glass phenolics are a class of thermoset resins that contain a filler composed of essentially all continuous glass fibers that have been woven together. They exhibit a high level of bonding, especially when the phenolic resin is oil modified. This allows the glass fibers to move relative to one another, thereby distributing the stress better.
Paper Phenolic is used in electrical insulation for many applications. This thermoset composite material is composed of high-temperature-resistant phenolic resin and treated paper. When laminated with other materials, it offers superior strength, dimensional stability, and weather resistance.
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Global phenolic resins market size was valued at USD 9.30 billion in 2015 and is expected to grow at an estimated CAGR of 5.4% from 2016 to 2022.
Technological advancements have fostered the development of unique heat shields with ablative phenolics for aerospace applications, leading to greater market share in recent years.Development of lignin and corn-based renewable feedstock have also presented new growth avenues in the industry.
Increasing awareness regarding resource conservation and the implementation of stringent sustainability standards has positively impacted green materials demand, encouraging manufacturers to integrate such raw materials into their products.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-phenolic-resins-2019-2023-676Novolac emerged as the dominant product segment, occupying nearly 50% of the volume share in 2015.
These resins are increasingly being designed for use as hardeners or curing agents in epoxy applications to meet the demand for laminates, adhesives, molding materials, and coatings.
The segment is expected to grow at around 5.2% CAGR from 2016 to 2025.Key companies operating in the industry are BASF SE, Momentive Specialty Chemicals, Sumitomo Bakelite Co. Ltd., Georgia-Pacific Chemicals, and Kolon Industries Inc. Other major participants may be listed as Owens Corning, Arclin Inc., Olympic Panel Products LLC, Ashland Inc., DIC Corporation, and Hexcel CorporationPhenolic Resins Report by Material, Application, and Geography Global Forecast to 2023 is a professional and comprehensive research report on the world?s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).The report firstly introduced the Phenolic Resins basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on.
Then it analyzed the world?s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc.
