Market Overview:
The global phenolic resin for friction materials market is estimated to be valued at US$ XX Mn in 2018 and is projected to grow at a CAGR of X.X% over the forecast period (2018-2030), to reach a value of US$XX Mn by 2030. The growth of the global phenolic resin for friction materials market can be attributed to the increasing demand from automotive, railway, aeronautics and industrial applications. In terms of type, the liquid type segment is expected to account for a larger share of the global phenolic resin for friction materials market in 2018. This segment is projected to grow at a CAGR of X.X% over the forecast period, owing to its superior properties such as thermal stability and chemical resistance as compared with other types segments. In terms of application, automotive applications are expected account for majority share in 2018 followed by railway applications .
Product Definition:
Phenolic resin is a thermosetting plastic that is produced by the reaction of phenol and formaldehyde. It is an important component of friction materials because it imparts high thermal stability, good wear resistance, and low friction.
Liquid Type (Phenolic Resol Resins):
Liquid type (phenolic resol resins) is a group of phenolic resin products that are soluble in organic solvents and can be applied by the brush, dip tank or spray. They have high solid content and low liquid content. The product name originates from the days when they were transported in glass bottles as “liquid” across the globe.
Powder Type (Phenolic Novolac Resins):
Powder type is a phenolic novolac resins, which are used in friction materials. It has high demand from the automotive industry and consumer goods packaging sector. The global market for powder-based phenolic novolac resins is expected to grow at a CAGR of XX% over the forecast period owing to its increasing demand in various applications including laminates, coatings, molding compounds and adhesives among others.
Application Insights:
Automotive was the largest application segment in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2030. Phenolic resins are used as friction materials in various automotive applications including engine oil seals, transmission fluids, brake band friction pads, power steering fluid reservoirs and hydraulic brake systems among others.
The industrial sector includes chemical processing industries such as phenol resin polymers (PRP), which are utilized for manufacturing process equipment & chemicals used in numerous industries such as pharmaceuticals, food & beverage and water treatment owing to their high durability coupled with excellent resistance against corrosion and wear&tear. Phenolic resins offer good impact strength along with wear-resistance making them suitable for industrial applications like gears & driveshafts where heavy duty machinery is operated at high temperatures without any problems of deformation or cracking observed previously with other types of rubbers made from natural rubber latexes or synthetic rubbers.
Regional Analysis:
North America phenolic resin for friction materials market is expected to grow at a moderate pace over the forecast period. This can be attributed to the high level of technological advancement in this region. The U.S.
Asia Pacific is anticipated to witness significant growth over the coming years as major automobile manufacturers are shifting their production bases from Europe and North America towards emerging economies such as China, India, Thailand etc.
Growth Factors:
- Increasing demand for friction materials in automotive and transportation industries
- Rising awareness about the benefits of phenolic resin for friction materials
- Growing investments in research and development activities for improving the performance of phenolic resin-based friction materials
- Proliferation of new applications for phenolic resin-based friction materials
- Increasing demand from emerging economies
Scope Of The Report
Report Attributes
Report Details
Report Title
Phenolic Resin for Friction Materials Market Research Report
By Type
Liquid Type (Phenolic Resol Resins), Powder Type (Phenolic Novolac Resins)
By Application
Automotive, Railway, Aeronautics, Industrial
By Companies
Sumitomo Bakelite, Hexion, Mitsui Chemicals, DIC Corporation, Shengquan Group, KANGNAM CHEMICAL, Shandong Laiwu Runda New Material, Kuentek Cashew, Sprea Misr, Zhejiang Hangzhou Friction Composites
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Phenolic Resin for Friction Materials Market Report Segments:
The global Phenolic Resin for Friction Materials market is segmented on the basis of:
Types
Liquid Type (Phenolic Resol Resins), Powder Type (Phenolic Novolac Resins)
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, Railway, Aeronautics, Industrial
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
- Hexion
- Mitsui Chemicals
- DIC Corporation
- Shengquan Group
- KANGNAM CHEMICAL
- Shandong Laiwu Runda New Material
- Kuentek Cashew
- Sprea Misr
- Zhejiang Hangzhou Friction Composites
Highlights of The Phenolic Resin for Friction Materials 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:
- Liquid Type (Phenolic Resol Resins)
- Powder Type (Phenolic Novolac Resins)
- By Application:
- Automotive
- Railway
- Aeronautics
- Industrial
- 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 Resin for Friction Materials 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
- 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?
Phenolic resin is a type of friction material that is used in many applications, such as bearings and seals. It has a high resistance to wear and tear, which makes it ideal for use in areas where durability is important.
Some of the major companies in the phenolic resin for friction materials market are Sumitomo Bakelite, Hexion, Mitsui Chemicals, DIC Corporation, Shengquan Group, KANGNAM CHEMICAL, Shandong Laiwu Runda New Material, Kuentek Cashew, Sprea Misr, Zhejiang Hangzhou Friction Composites.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Phenolic Resin for Friction Materials 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. Phenolic Resin for Friction Materials Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Phenolic Resin for Friction Materials Market - Supply Chain
4.5. Global Phenolic Resin for Friction Materials Market Forecast
4.5.1. Phenolic Resin for Friction Materials Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Phenolic Resin for Friction Materials Market Size (000 Units) and Y-o-Y Growth
4.5.3. Phenolic Resin for Friction Materials Market Absolute $ Opportunity
5. Global Phenolic Resin for Friction Materials 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. Phenolic Resin for Friction Materials Market Size and Volume Forecast by Type
5.3.1. Liquid Type (Phenolic Resol Resins)
5.3.2. Powder Type (Phenolic Novolac Resins)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Phenolic Resin for Friction Materials 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. Phenolic Resin for Friction Materials Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Railway
6.3.3. Aeronautics
6.3.4. Industrial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Phenolic Resin for Friction Materials 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. Phenolic Resin for Friction Materials 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 Phenolic Resin for Friction Materials 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. Phenolic Resin for Friction Materials 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 Phenolic Resin for Friction Materials Demand Share Forecast, 2019-2029
9. North America Phenolic Resin for Friction Materials 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 Phenolic Resin for Friction Materials 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 Phenolic Resin for Friction Materials Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Railway
9.4.3. Aeronautics
9.4.4. Industrial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Phenolic Resin for Friction Materials Market Size and Volume Forecast by Type
9.7.1. Liquid Type (Phenolic Resol Resins)
9.7.2. Powder Type (Phenolic Novolac Resins)
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 Phenolic Resin for Friction Materials Demand Share Forecast, 2019-2029
10. Latin America Phenolic Resin for Friction Materials 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 Phenolic Resin for Friction Materials 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 Phenolic Resin for Friction Materials Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Railway
10.4.3. Aeronautics
10.4.4. Industrial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Phenolic Resin for Friction Materials Market Size and Volume Forecast by Type
10.7.1. Liquid Type (Phenolic Resol Resins)
10.7.2. Powder Type (Phenolic Novolac Resins)
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 Phenolic Resin for Friction Materials Demand Share Forecast, 2019-2029
11. Europe Phenolic Resin for Friction Materials 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 Phenolic Resin for Friction Materials 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 Phenolic Resin for Friction Materials Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Railway
11.4.3. Aeronautics
11.4.4. Industrial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Phenolic Resin for Friction Materials Market Size and Volume Forecast by Type
11.7.1. Liquid Type (Phenolic Rsol Resins)
11.7.2. Powder Type (Phenolic Novolac Resins)
11.8. Basis Point Share (BPS) Analysis by Type
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 Phenolic Resin for Friction Materials Demand Share, 2019-2029
12. Asia Pacific Phenolic Resin for Friction Materials 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 Phenolic Resin for Friction Materials 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 Phenolic Resin for Friction Materials Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Railway
12.4.3. Aeronautics
12.4.4. Industrial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Phenolic Resin for Friction Materials Market Size and Volume Forecast by Type
12.7.1. Liquid Type (Phenolic Resol Resins)
12.7.2. Powder Type (Phenolic Novolac Resins)
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 Phenolic Resin for Friction Materials Demand Share, 2019-2029
13. Middle East & Africa Phenolic Resin for Friction Materials 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 Phenolic Resin for Friction Materials 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 Phenolic Resin for Friction Materials Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Railway
13.4.3. Aeronautics
13.4.4. Industrial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Phenolic Resin for Friction Materials Market Size and Volume Forecast by Type
13.7.1. Liquid Type (Phenolic Resol Resins)
13.7.2. Powder Type (Phenolic Novolac Resins)
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 Phenolic Resin for Friction Materials Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Phenolic Resin for Friction Materials Market: Market Share Analysis
14.2. Phenolic Resin for Friction Materials Distributors and Customers
14.3. Phenolic Resin for Friction Materials Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sumitomo Bakelite
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hexion
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mitsui Chemicals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DIC Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Shengquan Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. KANGNAM CHEMICAL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shandong Laiwu Runda New Material
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kuentek Cashew
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sprea Misr
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zhejiang Hangzhou Friction Composites
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
