|By PR Newswire||
|August 26, 2014 07:16 AM EDT||
DUBLIN, Aug. 26, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Phenolic Resin Market 2014-2019: Trends, Forecast and Opportunity Analysis" report to their offering.
The global phenolic resin market is expected to reach an estimated value of $13.3 billion by 2019. One of the major drivers of phenolic resin market is the demand for heat resistance, better corrosion resistance, and chemical resistance materials in automotive under hood and break components. Increasing use of fire retardant materials in construction and furniture industry is also driving the demand of phenolic resin. Increasing penetration of phenolic resin in thermal insulation products driven by the legislations imposed by many countries and regional organizations for energy efficient buildings is also fueling the demand in construction industry. Increasing consumption of phenolic resin based composites in mass transit, marine, and aerospace is likely to further drive this market.
This report provides an analysis of the global phenolic resin market including the market trend, growth opportunities, key drivers and challenges, emerging trends, unmet needs, and company profiles of leading suppliers and customers in the market. The study also includes global phenolic resin market trends and forecasts through 2019, segmented by applications and regions which are listed below.
Global Phenolic Resin Market by Applications:
- Molding Compound
Global Phenolic Resin Market by Regions:
- North America
- Asia Pacific
- Rest of World
On the basis of its comprehensive research, Lucintel forecasts that majority of the global phenolic resin market segments will grow moderately during 2014-2019. Molding compound segment is growing at a greater pace than insulation, plywood, and rest of the segments. Construction and automotive industries have a strong potential for growth pushed by the growth in GDP, consumer expenditure, and increased employment rate for global phenolic resin market. Growing demand of automotive components from emerging economies such as China, India, and the Middle East countries is anticipated to boost the market. Upcoming infrastructure projects on non-residential construction such as school, hospitals, offices, etc. will boost the market. Momentive Specialty Chemicals, Sumitomo Bakelite Co. Ltd., SQ Group, Georgia Pacific Chemicals, BASF, SI Group, and Dynea are among the major suppliers of global phenolic resin market. Regular innovation of products is very important for companies to sustain their successful positions in the market.
This unique report will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
Key Topics Covered:
1. Executive Summary
2. Phenolic Resin Market Background and Classifications
3. Market Trend and Forecast Analysis
4. Competitor Analysis
5. Growth Opportunity & Strategic Analysis
6. Company Profiles of Leading Players
7. Customer Analysis
- Georgia Pacific Chemicals
- Momentive Specialty Chemicals
- SI Group
- SQ Group
- Sumitomo Bakelite Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/jfsm7j/global_phenolic
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
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