Market Overview:
The global Novolac-based CE 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 Novolac-based CE resins from various applications such as plastic, coating, adhesive, synthetic fiber and others. In terms of volume, Asia Pacific is expected to lead the global Novolac-based CE resin market during the forecast period followed by Europe and North America.
Product Definition:
A novolac-based CE resin is a type of thermoset plastic that is used in the production of circuit boards. It is important because it helps to create a strong and durable board that can withstand the rigors of daily use.
Solid:
Solid is a high-performance liquid, which has properties of solid and liquid at the same time. It acts as an excellent binder for itself and other materials. Solid also helps to improve the flow, appearance & appearance of resins in their processing. Solid can be used with all types of resins including polyester resin, epoxy resin or vinyl ester resin among others.
Liquid:
Liquid is any substance that can be put under or behind the filter in a CE resin production process. The most common types of liquid used are water, ethanol, and acetone. There are other liquids such as MEK (Methyl ether), which is commonly used in China for their CE resins; however, they have been known to cause foaming during processing and so it has become less popular over the years.
Application Insights:
Plastic was the dominant application segment and accounted for over 60% of total market revenue in 2017. Novolac-based CE resins are used to manufacture PVC compounds which are further utilized in various plastics such as polyvinyl chloride (PVC), polypropylene (PP) and others. The growing packaging sector particularly in Asia Pacific is expected to drive demand for plastic products, thereby augmenting the global novolac-based CE resin market over the forecast period.
Coating was one of the fastest growing application segments owing to increasing demand from construction & automotive industries across regions including North America, Europe, Asia Pacific and Middle East & Africa. Novolac based CE resins offer excellent heat resistance along with other properties such as weather resistance required by modern coatings applications on a large scale basis globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to rapid industrialization and increasing per capita income of consumers. Novolac-based CE resins are widely used across industries such as automotive, construction, electrical & electronics, packaging among others for manufacturing various parts including engine blocks, interior panels and body components.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in terms of revenue in 2017 owing to high demand from several major industries operating across Germany, France Italy among other countries. The European market is driven by growing demand from automobile manufacturers who are increasingly turning toward lightweight materials with superior strength characteristics as compared to steel or aluminum alloys at a lower weight ratio thus reducing overall vehicle weight while enhancing fuel efficiency and reducing emissions during transportation process.
Growth Factors:
- Increasing demand for high-performance coatings in the automotive and aerospace industries
- Growing demand from the construction industry for coatings that can withstand harsh weather conditions
- Rising demand from the electrical and electronics industry for coatings that provide protection against corrosion
- Increasing use of Novolac-based CE resin in waterborne coating formulations
- Development of new applications for Novolac-based CE resin in areas such as wood finishes and industrial flooring
Scope Of The Report
Report Attributes
Report Details
Report Title
Novolac-based CE Resin Market Research Report
By Type
Solid, Liquid
By Application
Plastic, Coating, Adhesive, Synthetic Fiber, Other
By Companies
Huntsman, Lonza, TenCate, Cytec, Hexcel
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Novolac-based CE Resin Market Report Segments:
The global Novolac-based CE Resin market is segmented on the basis of:
Types
Solid, Liquid
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
Plastic, Coating, Adhesive, Synthetic Fiber, 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:
- Huntsman
- Lonza
- TenCate
- Cytec
- Hexcel
Highlights of The Novolac-based CE 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:
- Solid
- Liquid
- By Application:
- Plastic
- Coating
- Adhesive
- Synthetic Fiber
- 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 Novolac-based CE 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?
Novolac-based CE Resin is a type of resin that is made from the byproducts of the manufacturing process for nylon. It is used in products such as plastic bags and other packaging materials.
Some of the key players operating in the novolac-based ce resin market are Huntsman, Lonza, TenCate, Cytec, Hexcel.
The novolac-based ce resin market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Novolac-based CE Resin Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Novolac-based CE Resin Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Novolac-based CE Resin Market - Supply Chain
4.5. Global Novolac-based CE Resin Market Forecast
4.5.1. Novolac-based CE Resin Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Novolac-based CE Resin Market Size (000 Units) and Y-o-Y Growth
4.5.3. Novolac-based CE Resin Market Absolute $ Opportunity
5. Global Novolac-based CE Resin Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Novolac-based CE Resin Market Size and Volume Forecast by Type
5.3.1. Solid
5.3.2. Liquid
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Novolac-based CE Resin Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Novolac-based CE Resin Market Size and Volume Forecast by Application
6.3.1. Plastic
6.3.2. Coating
6.3.3. Adhesive
6.3.4. Synthetic Fiber
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Novolac-based CE Resin Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Novolac-based CE Resin Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Novolac-based CE Resin Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Novolac-based CE Resin Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Novolac-based CE Resin Demand Share Forecast, 2019-2026
9. North America Novolac-based CE Resin Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Novolac-based CE Resin Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Novolac-based CE Resin Market Size and Volume Forecast by Application
9.4.1. Plastic
9.4.2. Coating
9.4.3. Adhesive
9.4.4. Synthetic Fiber
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Novolac-based CE Resin Market Size and Volume Forecast by Type
9.7.1. Solid
9.7.2. Liquid
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Novolac-based CE Resin Demand Share Forecast, 2019-2026
10. Latin America Novolac-based CE Resin Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Novolac-based CE Resin Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Novolac-based CE Resin Market Size and Volume Forecast by Application
10.4.1. Plastic
10.4.2. Coating
10.4.3. Adhesive
10.4.4. Synthetic Fiber
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Novolac-based CE Resin Market Size and Volume Forecast by Type
10.7.1. Solid
10.7.2. Liquid
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Novolac-based CE Resin Demand Share Forecast, 2019-2026
11. Europe Novolac-based CE Resin Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Novolac-based CE Resin Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Novolac-based CE Resin Market Size and Volume Forecast by Application
11.4.1. Plastic
11.4.2. Coating
11.4.3. Adhesive
11.4.4. Synthetic Fiber
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Novolac-based CE Resin Market Size and Volume Forecast by Type
11.7.1. Solid
11.7.2. Liquid
11.8. Basis Point Share (BPS) Analysis by ype
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Novolac-based CE Resin Demand Share, 2019-2026
12. Asia Pacific Novolac-based CE Resin Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Novolac-based CE Resin Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Novolac-based CE Resin Market Size and Volume Forecast by Application
12.4.1. Plastic
12.4.2. Coating
12.4.3. Adhesive
12.4.4. Synthetic Fiber
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Novolac-based CE Resin Market Size and Volume Forecast by Type
12.7.1. Solid
12.7.2. Liquid
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Novolac-based CE Resin Demand Share, 2019-2026
13. Middle East & Africa Novolac-based CE Resin Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Novolac-based CE Resin Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Novolac-based CE Resin Market Size and Volume Forecast by Application
13.4.1. Plastic
13.4.2. Coating
13.4.3. Adhesive
13.4.4. Synthetic Fiber
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Novolac-based CE Resin Market Size and Volume Forecast by Type
13.7.1. Solid
13.7.2. Liquid
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Novolac-based CE Resin Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Novolac-based CE Resin Market: Market Share Analysis
14.2. Novolac-based CE Resin Distributors and Customers
14.3. Novolac-based CE Resin Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Huntsman
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lonza
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TenCate
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cytec
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hexcel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
