Market Overview:
The global bakelite powder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the bakelite powder market can be attributed to the increasing demand for Bakelite powders from various end-use industries, such as automotive motors, power tools, household appliances, and others. In terms of type, the engineering grade Bakelite powder segment is expected to hold a major share of the global bakelite powder market during the forecast period. This can be attributed to its superior properties as compared to general purpose Bakelite powders. In terms of application, the automotive motors segment is projected to witness highest growth during the forecast period owing to increasing demand for electric vehicles across regions.
Product Definition:
Bakelite powder is a synthetic resin made from phenol and formaldehyde. It was one of the first plastics, and was used for things like electrical wiring and radios because it doesn't conduct electricity.
Engineering Grade Bakelite Powder:
Engineering grade bakelite powder is a type of synthetic resin, which is manufactured using binder material and a catalyst. The product has high thermal stability and can withstand high temperatures. It also exhibits low water absorption property, which makes it suitable for use in heat resistant applications.
General Purpose Bakelite Powder:
General purpose bakelite powder is a manmade mineral, closely resembling natural bakelite. It was developed around 1915 by the American Firestone Tire & Rubber Company and was intended as an alternative to natural rubber for use in tires. The properties of general purpose bakelite powder are nearly identical to that of natural rubber; however, it can be processed at lower temperatures and does not require the addition of sulfur during processing.
Application Insights:
The automotive motors segment dominated the global bakelite powder market in 2017. The product is widely used in automobile applications such as engine, transmission and power train components. It is also used for manufacturing various other parts including fuel caps, seat pan frames, steering column covers and air intake manifolds among others.
Bakelite has excellent resistance to heat & chemicals which makes it a suitable material for manufacturing automotive components over other plastics or metals. In addition, its lightweight & low cost are likely to drive its demand further during the forecast period especially in emerging economies of Asia Pacific & MEA region where automobiles form an important part of their GDP statistics on a regional level (North America: USD MEXICO; Europe: UK France Germany; Asia Pacific: China India Japan).
Power tools segment accounted for 21% share of the global revenue in 2017 owing to increasing use of power tools across construction industries such as carpentry worktops.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from developing countries such as China, India, Japan, and South Korea. Moreover, increasing disposable income levels coupled with growing population will drive product demand further.
The automotive sector in Europe is one of the significant sectors that use bakelite powder for manufacturing various parts including engine blocks, gear boxes etc. In addition to this power tools segment also uses bakelite powder for manufacturing various tool heads such as drills & drivers; saws; files etc., which are widely used across households for maintenance works and repair jobs at home thus driving product consumption in this region over the forecast period.
Growth Factors:
- Increasing demand from electrical and electronic industry
- Growing automotive industry
- Rising demand for Bakelite Powder in Asia Pacific region
- Technological advancements in the manufacturing process of Bakelite Powder
- Growing awareness about the benefits of using Bakelite Powder
Scope Of The Report
Report Attributes
Report Details
Report Title
Bakelite Powder Market Research Report
By Type
Engineering Grade Bakelite Powder, General Purpose Bakelite Powder
By Application
Automotive Motors, Power Tools, Household Appliances, Others
By Companies
Sumitomo Bakelite, Panasonic, Chang Chun Group, Hexion, Amity Thermosets (P) Ltd, Sprea Misr, Jiangsu Zhongpeng New Material, Changshu Southeast Plastic, Wuxi Chuangda Advanced Materials, Beijing Sino-tech Electronic Material, Shanghai European-Asian Synthetic Material, Zhejiang Jiamin Plastics, Zhejiang Nanfang Plastic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Bakelite Powder Market Report Segments:
The global Bakelite Powder market is segmented on the basis of:
Types
Engineering Grade Bakelite Powder, General Purpose Bakelite Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive Motors, Power Tools, Household Appliances, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sumitomo Bakelite
- Panasonic
- Chang Chun Group
- Hexion
- Amity Thermosets (P) Ltd
- Sprea Misr
- Jiangsu Zhongpeng New Material
- Changshu Southeast Plastic
- Wuxi Chuangda Advanced Materials
- Beijing Sino-tech Electronic Material
- Shanghai European-Asian Synthetic Material
- Zhejiang Jiamin Plastics
- Zhejiang Nanfang Plastic
Highlights of The Bakelite Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Engineering Grade Bakelite Powder
- General Purpose Bakelite Powder
- By Application:
- Automotive Motors
- Power Tools
- Household Appliances
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bakelite Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bakelite is a type of plastic that was first developed in 1907. It is often used to make items such as jewelry, buttons, and other small objects. Bakelite powder can be used to create new items or to repair old ones.
Some of the key players operating in the bakelite powder market are Sumitomo Bakelite, Panasonic, Chang Chun Group, Hexion, Amity Thermosets (P) Ltd, Sprea Misr, Jiangsu Zhongpeng New Material, Changshu Southeast Plastic, Wuxi Chuangda Advanced Materials, Beijing Sino-tech Electronic Material, Shanghai European-Asian Synthetic Material, Zhejiang Jiamin Plastics, Zhejiang Nanfang Plastic.
The bakelite powder market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bakelite Powder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bakelite Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bakelite Powder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bakelite Powder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bakelite Powder Market Size & Forecast, 2018-2028
4.5.1 Bakelite Powder Market Size and Y-o-Y Growth
4.5.2 Bakelite Powder Market Absolute $ Opportunity
Chapter 5 Global Bakelite Powder Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bakelite Powder Market Size Forecast by Type
5.2.1 Engineering Grade Bakelite Powder
5.2.2 General Purpose Bakelite Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bakelite Powder Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bakelite Powder Market Size Forecast by Applications
6.2.1 Automotive Motors
6.2.2 Power Tools
6.2.3 Household Appliances
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bakelite Powder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bakelite Powder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bakelite Powder Analysis and Forecast
9.1 Introduction
9.2 North America Bakelite Powder Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bakelite Powder Market Size Forecast by Type
9.6.1 Engineering Grade Bakelite Powder
9.6.2 General Purpose Bakelite Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bakelite Powder Market Size Forecast by Applications
9.10.1 Automotive Motors
9.10.2 Power Tools
9.10.3 Household Appliances
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bakelite Powder Analysis and Forecast
10.1 Introduction
10.2 Europe Bakelite Powder Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bakelite Powder Market Size Forecast by Type
10.6.1 Engineering Grade Bakelite Powder
10.6.2 General Purpose Bakelite Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bakelite Powder Market Size Forecast by Applications
10.10.1 Automotive Motors
10.10.2 Power Tools
10.10.3 Household Appliances
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bakelite Powder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bakelite Powder Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bakelite Powder Market Size Forecast by Type
11.6.1 Engineering Grade Bakelite Powder
11.6.2 General Purpose Bakelite Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bakelite Powder Market Size Forecast by Applications
11.10.1 Automotive Motors
11.10.2 Power Tools
11.10.3 Household Appliances
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bakelite Powder Analysis and Forecast
12.1 Introduction
12.2 Latin America Bakelite Powder Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bakelite Powder Market Size Forecast by Type
12.6.1 Engineering Grade Bakelite Powder
12.6.2 General Purpose Bakelite Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bakelite Powder Market Size Forecast by Applications
12.10.1 Automotive Motors
12.10.2 Power Tools
12.10.3 Household Appliances
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bakelite Powder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bakelite Powder Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bakelite Powder Market Size Forecast by Type
13.6.1 Engineering Grade Bakelite Powder
13.6.2 General Purpose Bakelite Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bakelite Powder Market Size Forecast by Applications
13.10.1 Automotive Motors
13.10.2 Power Tools
13.10.3 Household Appliances
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bakelite Powder Market: Competitive Dashboard
14.2 Global Bakelite Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sumitomo Bakelite
14.3.2 Panasonic
14.3.3 Chang Chun Group
14.3.4 Hexion
14.3.5 Amity Thermosets (P) Ltd
14.3.6 Sprea Misr
14.3.7 Jiangsu Zhongpeng New Material
14.3.8 Changshu Southeast Plastic
14.3.9 Wuxi Chuangda Advanced Materials
14.3.10 Beijing Sino-tech Electronic Material
14.3.11 Shanghai European-Asian Synthetic Material
14.3.12 Zhejiang Jiamin Plastics
14.3.13 Zhejiang Nanfang Plastic
