Market Overview:
The global phenolic-formaldehyde 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 phenolic-formaldehyde resins from various applications such as wood adhesives, foundry, molding, abrasive material, insulation and others. In terms of type, thermoplastic phenolic resin is expected to witness higher growth than thermosetting phenolic resin during the forecast period. North America is estimated to hold a major share of the global market in 2018 while Asia Pacific is projected to grow at highest CAGR during the forecast period.
Product Definition:
A phenolic-formaldehyde resin is a synthetic resin that is made from phenol and formaldehyde. It is used as an adhesive, and it can also be used to make molded products.
Thermoplastic Phenolic Resin:
Thermoplastic phenolic resin is a synthetic type of resins, which has high molecular weight and low viscosity. It consists of a mixture of polyphenols (mainly ethene) and thermoplastics. The product is used as an alternative to natural resins in the manufacturing process for producing various products such as coatings, adhesives & sealants, composites & panels among others.
Thermosetting Phenolic Resin:
Thermosetting phenolic resins are synthetic materials that have high heat resistance and low glass transition temperature. They are used in the production of Phenolic-Formaldehyde Resin (PFR), which is widely utilized as a wood preservative. The global market for PFR is expected to witness significant growth on account of its increasing application scope in laminates, molding compounds, and other constructional products.
Application Insights:
Wood adhesives emerged as the leading application segment and accounted for over 30% of the total revenue in 2017. Phenolic-formaldehyde resins are used to manufacture wood adhesives, which are used in various industries including construction, furniture, and packaging. Phenolic resins offer high performance coupled with good mechanical properties making them suitable for use in wood adhesive applications.
The molding segment is expected to grow at a CAGR of XX% from 2018 to 2030 owing to increasing demand from various end-use industries including automotive, medical devices & appliances, marine/offshore industry etc. Molding products include phenolic core materials (phenolic resin molding compounds) that have excellent heat resistance along with superior chemical resistance which makes it ideal for manufacturing parts that come into direct contact with human skin or body fluids such as blood or tissue etc.
Regional Analysis:
Asia Pacific dominated the global phenolic-formaldehyde resin market in terms of both volume and revenue. The region is expected to witness significant growth over the forecast period owing to rapid industrialization, rising population, and increasing per capita income. This has led to an increase in demand for various wood adhesives as well as foundry applications across this region.
The growing automotive industry coupled with a high rate of construction output is also likely to drive product demand over the coming years. Latin America was estimated at USD X million in 2016 and is projected to grow at a CAGR of XX% from 2017 to 2030 due primarily regional growth on accountphenolic formaldehyde resins consumption by molded plastics application industries such as consumer goods, packaging, transportation equipment etc., which includes automobiles, sporting goods & accessories (bags), furniture (chairs), building & construction materials). Increasing disposable income levels are also anticipated favorably impact regional market development over the next eight years or so.
Growth Factors:
- Increasing demand from end-use industries such as construction and automotive
- Rising demand for phenolic resins in Asia Pacific region
- Growing use of phenolic resins in composites and laminates
- Technological advancements in the manufacturing process of phenolic resin products
- Increasing application scope of phenolic resin products
Scope Of The Report
Report Attributes
Report Details
Report Title
Phenolic-Formaldehyde Resin Market Research Report
By Type
Thermoplastic Phenolic Resin, Thermosetting Phenolic Resin
By Application
Wood Adhesives, Foundry, Molding, Abrasive Material, Insulation, Others
By Companies
Hexion, SBHPP, SI Group, Jinan Shengquan Group, Tong Cheng, Allnex Belgium, Metadynea International, Georgia-Pacific Chemicals, Chang Chun Group, Prefere Resins, Kolon Industries, Plenco, Shandong Laiwu Runda, UCP Chemicals AG, Lerg SA, Aica Kogyo, BASF, Mitsui Chemicals
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Phenolic-Formaldehyde Resin Market Report Segments:
The global Phenolic-Formaldehyde Resin market is segmented on the basis of:
Types
Thermoplastic Phenolic Resin, Thermosetting Phenolic Resin
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
Wood Adhesives, Foundry, Molding, Abrasive Material, Insulation, 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:
- Hexion
- SBHPP
- SI Group
- Jinan Shengquan Group
- Tong Cheng
- Allnex Belgium
- Metadynea International
- Georgia-Pacific Chemicals
- Chang Chun Group
- Prefere Resins
- Kolon Industries
- Plenco
- Shandong Laiwu Runda
- UCP Chemicals AG
- Lerg SA
- Aica Kogyo
- BASF
- Mitsui Chemicals
Highlights of The Phenolic-Formaldehyde 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:
- Thermoplastic Phenolic Resin
- Thermosetting Phenolic Resin
- By Application:
- Wood Adhesives
- Foundry
- Molding
- Abrasive Material
- Insulation
- 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 Phenolic-Formaldehyde 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
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- Consumer Insights
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- 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?
Phenolic-formaldehyde resin is a type of plastic that is made from phenol and formaldehyde. It is often used in products that need to be resistant to water, such as raincoats and boat hulls.
Some of the major players in the phenolic-formaldehyde resin market are Hexion, SBHPP, SI Group, Jinan Shengquan Group, Tong Cheng, Allnex Belgium, Metadynea International, Georgia-Pacific Chemicals, Chang Chun Group, Prefere Resins, Kolon Industries, Plenco, Shandong Laiwu Runda, UCP Chemicals AG, Lerg SA, Aica Kogyo, BASF, Mitsui Chemicals.
The phenolic-formaldehyde resin market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Phenolic-Formaldehyde 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 Phenolic-Formaldehyde Resin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Phenolic-Formaldehyde 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 Phenolic-Formaldehyde 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 Phenolic-Formaldehyde Resin Market Size & Forecast, 2018-2028
4.5.1 Phenolic-Formaldehyde Resin Market Size and Y-o-Y Growth
4.5.2 Phenolic-Formaldehyde Resin Market Absolute $ Opportunity
Chapter 5 Global Phenolic-Formaldehyde 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 Phenolic-Formaldehyde Resin Market Size Forecast by Type
5.2.1 Thermoplastic Phenolic Resin
5.2.2 Thermosetting Phenolic Resin
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Phenolic-Formaldehyde 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 Phenolic-Formaldehyde Resin Market Size Forecast by Applications
6.2.1 Wood Adhesives
6.2.2 Foundry
6.2.3 Molding
6.2.4 Abrasive Material
6.2.5 Insulation
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Phenolic-Formaldehyde 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 Phenolic-Formaldehyde 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 Phenolic-Formaldehyde Resin Analysis and Forecast
9.1 Introduction
9.2 North America Phenolic-Formaldehyde 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 Phenolic-Formaldehyde Resin Market Size Forecast by Type
9.6.1 Thermoplastic Phenolic Resin
9.6.2 Thermosetting Phenolic Resin
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 Phenolic-Formaldehyde Resin Market Size Forecast by Applications
9.10.1 Wood Adhesives
9.10.2 Foundry
9.10.3 Molding
9.10.4 Abrasive Material
9.10.5 Insulation
9.10.6 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 Phenolic-Formaldehyde Resin Analysis and Forecast
10.1 Introduction
10.2 Europe Phenolic-Formaldehyde 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 Phenolic-Formaldehyde Resin Market Size Forecast by Type
10.6.1 Thermoplastic Phenolic Resin
10.6.2 Thermosetting Phenolic Resin
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 Phenolic-Formaldehyde Resin Market Size Forecast by Applications
10.10.1 Wood Adhesives
10.10.2 Foundry
10.10.3 Molding
10.10.4 Abrasive Material
10.10.5 Insulation
10.10.6 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 Phenolic-Formaldehyde Resin Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Phenolic-Formaldehyde 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 Phenolic-Formaldehyde Resin Market Size Forecast by Type
11.6.1 Thermoplastic Phenolic Resin
11.6.2 Thermosetting Phenolic Resin
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 Phenolic-Formaldehyde Resin Market Size Forecast by Applications
11.10.1 Wood Adhesives
11.10.2 Foundry
11.10.3 Molding
11.10.4 Abrasive Material
11.10.5 Insulation
11.10.6 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 Phenolic-Formaldehyde Resin Analysis and Forecast
12.1 Introduction
12.2 Latin America Phenolic-Formaldehyde 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 Phenolic-Formaldehyde Resin Market Size Forecast by Type
12.6.1 Thermoplastic Phenolic Resin
12.6.2 Thermosetting Phenolic Resin
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 Phenolic-Formaldehyde Resin Market Size Forecast by Applications
12.10.1 Wood Adhesives
12.10.2 Foundry
12.10.3 Molding
12.10.4 Abrasive Material
12.10.5 Insulation
12.10.6 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) Phenolic-Formaldehyde Resin Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Phenolic-Formaldehyde 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) Phenolic-Formaldehyde Resin Market Size Forecast by Type
13.6.1 Thermoplastic Phenolic Resin
13.6.2 Thermosetting Phenolic Resin
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) Phenolic-Formaldehyde Resin Market Size Forecast by Applications
13.10.1 Wood Adhesives
13.10.2 Foundry
13.10.3 Molding
13.10.4 Abrasive Material
13.10.5 Insulation
13.10.6 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 Phenolic-Formaldehyde Resin Market: Competitive Dashboard
14.2 Global Phenolic-Formaldehyde Resin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hexion
14.3.2 SBHPP
14.3.3 SI Group
14.3.4 Jinan Shengquan Group
14.3.5 Tong Cheng
14.3.6 Allnex Belgium
14.3.7 Metadynea International
14.3.8 Georgia-Pacific Chemicals
14.3.9 Chang Chun Group
14.3.10 Prefere Resins
14.3.11 Kolon Industries
14.3.12 Plenco
14.3.13 Shandong Laiwu Runda
14.3.14 UCP Chemicals AG
14.3.15 Lerg SA
14.3.16 Aica Kogyo
14.3.17 BASF
14.3.18 Mitsui Chemicals
