GLOBAL PHENOLIC RESIN MARKET

INTRODUCTION

Due to its exceptional mechanical, chemical, and thermal durability, phenolic resin is a type of synthetic polymer that is frequently employed in a wide range of industrial and commercial applications.

It is a thermosetting resin, which means that while curing, a chemical process takes place that causes the substance to become irreversibly harder. Phenolic resins have a variety of uses in various industries, including coatings, binders, and adhesives.

Phenolic resins' salient features include:

Temperature Stability: Phenolic resins can survive high temperatures without significantly degrading due to their outstanding heat resistance. This characteristic qualifies them for use in brake pads, clutches, and other automotive parts where heat exposure is a problem.

Chemical Resistance: Phenolic resins have strong chemical, acid, and solvent resistance. They are beneficial in applications where exposure to caustic substances is expected due to this feature.

Phenolic resins provide a high degree of mechanical strength and excellent dimensional stability. They are utilized in reinforced plastics and composite materials to increase the overall performance and strength of the finished product.

Phenolic resins are valuable in applications like circuit boards, electrical components, and insulating materials because they are excellent electrical insulators.

Flame Retardance: Phenolic resins are naturally flame- and self-extinguishing resistant, making them appropriate for fire-safe applications including building materials and aircraft interiors.

Phenolic resins are used in a variety of industries, including automotive, aerospace, electrical, construction, consumer goods, and more, because of their adaptability and favorable characteristics.

The use of phenolic resins has many advantages, but there are some drawbacks as well. For example, some formulations of phenolic resins can be brittle, and formaldehyde emissions from their manufacture and curing may pose environmental risks.

GLOBAL PHENOLIC RESIN MARKET SIZE AND FORECAST

The Global Phenolic Resin Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

Allnex introduces a brand-new BPA-NI application-friendly phenolic resin. Allnex, a market leader in specialty chemicals, is proud to introduce PHENODUR® PR 616/65B, a new, environmentally friendly phenolic resin that is recommended for interior and exterior can coatings and has a very low free formaldehyde value of 0.1%. This resin can be used on wood, metal, plastic, and other surfaces.

The PHENODUR PR 616/65B has a very low amount of free monomers and neither Bisphenol-A nor Bisphenol-F. PHENODUR PR 616/65B can be used with high molecular weight epoxy resins for stiff and flexible packaging as well as drum lining, or with high molecular weight polyester for BPA-NI applications.

COMPANY PROFILE

• 3M
• Aditya Birla Group
• Aica Kogyo
• Allnex
• Argosy International
• Arclin
• Ashland

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. How many Phenolic Resins are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Phenolic Resin and key vendor selection criteria
3. Where is the Phenolic Resin manufactured? What is the average margin per unit?
4. Market share of Global Phenolic Resin market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Phenolic Resin in-house
6. key predictions for next 5 years in the Global Phenolic Resin market
7. Average B-2-B Phenolic Resin market price in all segments
8. Latest trends in the Phenolic Resin market, by every market segment
9. The market size (both volume and value) of the Phenolic Resin market in 2023-2030 and every year in between?
10. Production breakup of the Phenolic Resin market, by suppliers and their OEM relationship