Phenolic Resins are artificial polymers created when phenol and formaldehyde combine. The first synthetic resins or polymers used commercially were phenolic resins. They are frequently used to make molded objects like billiard balls and surfaces for laboratories. They are also employed in the creation of coatings and adhesives. Phenolic resins are extensively employed in a variety of sectors, including electrical and electronics, wood, automotive, building and construction, and others.
Phenolic Resins are an excellent product for usage in industries due to its characteristics including chemical resistance, high elasticity, fire resistance, surface hardness, and electrical insulation. Phenolic resins are synthetic polymers produced by the high-temperature reaction of phenol or phenols replaced with formaldehyde. They are frequently utilized in laminates, molding compounds, and wood adhesives. The resin has great heat resistance, high tensile strength, low toxicity, and produces less smoke. It also exhibits flame retardancy.
Phenolic Resins, commonly referred to as phenol-formaldehyde resins, are synthetic polymers that are created when high temperatures are used to react phenol or substituted phenol with formaldehyde. They are incredibly useful in laminates, molding compounds, and wood adhesives.Phenolic Resins, which are polymers and oligomers, are created when formaldehyde and phenol combine
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.
