Market Overview:
The global Novolak resin market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for Novolak resins from various applications such as refractories, frictional materials, bonding agents and others. In terms of type, the powder type segment is expected to hold a major share in the global Novolak resin market during the forecast period. This can be attributed to its properties such as high thermal stability and resistance to chemical attack.
Product Definition:
Novolak resin is a synthetic polymer that is used in the production of lacquers, coatings, adhesives and sealants. It is an important component in these products because it helps to improve their durability, appearance and performance.
Powder Type:
Powder type is a major category in Novolak resin market. Powder type accounts for the highest share in the global Novolak resin industry followed by Liquid Type and Semi-Solid Type. The usage of powder type is maximum in printing ink applications owing to its advantages such as quick drying, less viscosity, high solid content and low liquid content which results into minimum waste production during processing.
Particle Type:
Particle type is a technical term used in the industry for categorizing solid particles. There are different types of particle which can be categorized on the basis of their size, shape and density. Particles having sizes less than 5 microns are termed as fine particles whereas those with sizes between 5-20microns are termed as medium particles and those with sizes more than 20microns are termed as coarse particles.
Application Insights:
The global novolak resin market is segmented by application into refractories, friction materials, bonding agents and others. In 2017, the refractory segment dominated the overall industry with a revenue share of over 40%. Novolak resins are used in manufacturing of high-performance ceramic products for use in kiln furniture and lining. The growth of construction sector in emerging economies such as China and India is expected to drive demand for these products over the forecast period.
Refractoriness (ceramic raw material) was valued at USD 89.5 million in 2017 owing to its increasing applications across various end-use industries including building & construction, automotive & transportation.
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 various end-use industries, such as construction, automotive, aerospace & defense, and electronics. China is one of the largest producers of cement as well as powder type products owing to low manufacturing costs associated with these products.
The growing automobile industry in India has led to an increase in bonding requirements for vehicle bodies along with other components produced using metal-matrix composites (MMCs). Novolak resin finds application in MMCs due to its excellent wetting property which helps prevent corrosion between dissimilar metals used during production of MMC components.
Growth Factors:
- Increasing demand from end-use industries such as automotive and construction
- Rising demand for lightweight and durable materials in automotive sector
- Growing infrastructure development in emerging economies
- Increasing penetration of composites in various applications
- Technological advancements that lead to the development of new and improved products
Scope Of The Report
Report Attributes
Report Details
Report Title
Novolak Resin Market Research Report
By Type
Powder Type, Particle Type
By Application
Refractories, Frictional Materials, Bonding Agents, Other
By Companies
Momentive, MohebGroup, Georgia-Pacific Chemicals, SI Group, Prefere Resins, Sumitomo Bakelite, DIC, BASF, Mitsui Chemicals, Huttenes-Albertus, Momentive, Fenolit d.d., AOC, Hitachi Chemical, UCP Chemicals, Panasonic, DPCL Dujodwala Paper Chemicals, Xpro India, SQ GROUP, Chang Chun Corporation, Henan Bond Chemical, Shandong Runda, Changshu South-East 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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Novolak Resin Market Report Segments:
The global Novolak Resin market is segmented on the basis of:
Types
Powder Type, Particle Type
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
Refractories, Frictional Materials, Bonding Agents, Other
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:
- Momentive
- MohebGroup
- Georgia-Pacific Chemicals
- SI Group
- Prefere Resins
- Sumitomo Bakelite
- DIC
- BASF
- Mitsui Chemicals
- Huttenes-Albertus
- Momentive
- Fenolit d.d.
- AOC
- Hitachi Chemical
- UCP Chemicals
- Panasonic
- DPCL Dujodwala Paper Chemicals
- Xpro India
- SQ GROUP
- Chang Chun Corporation
- Henan Bond Chemical
- Shandong Runda
- Changshu South-East Plastic
Highlights of The Novolak Resin 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:
- Powder Type
- Particle Type
- By Application:
- Refractories
- Frictional Materials
- Bonding Agents
- Other
- 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 Novolak Resin 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Novolak resin is a type of plastic that is made from a mixture of polyvinyl chloride (PVC) and butadiene. It has many uses, including in products like pipes, insulation, and car parts.
Some of the major players in the novolak resin market are Momentive, MohebGroup, Georgia-Pacific Chemicals, SI Group, Prefere Resins, Sumitomo Bakelite, DIC, BASF, Mitsui Chemicals, Huttenes-Albertus, Momentive, Fenolit d.d., AOC, Hitachi Chemical, UCP Chemicals, Panasonic, DPCL Dujodwala Paper Chemicals, Xpro India, SQ GROUP, Chang Chun Corporation, Henan Bond Chemical, Shandong Runda, Changshu South-East Plastic.
The novolak resin 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 Novolak Resin 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 Novolak Resin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Novolak Resin 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 Novolak Resin 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 Novolak Resin Market Size & Forecast, 2018-2028
4.5.1 Novolak Resin Market Size and Y-o-Y Growth
4.5.2 Novolak Resin Market Absolute $ Opportunity
Chapter 5 Global Novolak Resin 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 Novolak Resin Market Size Forecast by Type
5.2.1 Powder Type
5.2.2 Particle Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Novolak Resin 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 Novolak Resin Market Size Forecast by Applications
6.2.1 Refractories
6.2.2 Frictional Materials
6.2.3 Bonding Agents
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Novolak Resin 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 Novolak Resin 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 Novolak Resin Analysis and Forecast
9.1 Introduction
9.2 North America Novolak Resin 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 Novolak Resin Market Size Forecast by Type
9.6.1 Powder Type
9.6.2 Particle Type
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 Novolak Resin Market Size Forecast by Applications
9.10.1 Refractories
9.10.2 Frictional Materials
9.10.3 Bonding Agents
9.10.4 Other
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 Novolak Resin Analysis and Forecast
10.1 Introduction
10.2 Europe Novolak Resin 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 Novolak Resin Market Size Forecast by Type
10.6.1 Powder Type
10.6.2 Particle Type
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 Novolak Resin Market Size Forecast by Applications
10.10.1 Refractories
10.10.2 Frictional Materials
10.10.3 Bonding Agents
10.10.4 Other
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 Novolak Resin Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Novolak Resin 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 Novolak Resin Market Size Forecast by Type
11.6.1 Powder Type
11.6.2 Particle Type
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 Novolak Resin Market Size Forecast by Applications
11.10.1 Refractories
11.10.2 Frictional Materials
11.10.3 Bonding Agents
11.10.4 Other
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 Novolak Resin Analysis and Forecast
12.1 Introduction
12.2 Latin America Novolak Resin 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 Novolak Resin Market Size Forecast by Type
12.6.1 Powder Type
12.6.2 Particle Type
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 Novolak Resin Market Size Forecast by Applications
12.10.1 Refractories
12.10.2 Frictional Materials
12.10.3 Bonding Agents
12.10.4 Other
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) Novolak Resin Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Novolak Resin 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) Novolak Resin Market Size Forecast by Type
13.6.1 Powder Type
13.6.2 Particle Type
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) Novolak Resin Market Size Forecast by Applications
13.10.1 Refractories
13.10.2 Frictional Materials
13.10.3 Bonding Agents
13.10.4 Other
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 Novolak Resin Market: Competitive Dashboard
14.2 Global Novolak Resin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Momentive
14.3.2 MohebGroup
14.3.3 Georgia-Pacific Chemicals
14.3.4 SI Group
14.3.5 Prefere Resins
14.3.6 Sumitomo Bakelite
14.3.7 DIC
14.3.8 BASF
14.3.9 Mitsui Chemicals
14.3.10 Huttenes-Albertus
14.3.11 Momentive
14.3.12 Fenolit d.d.
14.3.13 AOC
14.3.14 Hitachi Chemical
14.3.15 UCP Chemicals
14.3.16 Panasonic
14.3.17 DPCL Dujodwala Paper Chemicals
14.3.18 Xpro India
14.3.19 SQ GROUP
14.3.20 Chang Chun Corporation
14.3.21 Henan Bond Chemical
14.3.22 Shandong Runda
14.3.23 Changshu South-East Plastic
