May 4, 2017   SOURCE: BusinessWire

Phenolic Resins Market to Reach $16 Billion by 2025 - Development of Lignin & Corn-based Renewable Feedstock Have Presented New Growth Avenues - Research and Markets

Research and Markets has announced the addition of the "Phenolic Resins Market, 2014 - 2025" report to their offering.

The global phenolic resins market is projected to reach USD 16.0 billion by 2025. Technological advancements have fostered the development of unique heat shields with ablative phenolics for aerospace applications, leading to greater market share in recent years.

Development of lignin and corn-based renewable feedstock have also presented new growth avenues in the industry. Increasing awareness regarding resource conservation and the implementation of stringent sustainability standards has positively impacted green materials demand, encouraging manufacturers to integrate such raw materials into their products.

Technological advancements have fostered novel processing methods that conserve greater amount of resources while producing phenolics, compelling new entrants to invest high in capital funds to maintain competitive margins in the industry.

Novolac emerged as the dominant product segment, occupying nearly 50% of the volume share in 2015. These resins are increasingly being designed for use as hardeners or curing agents in epoxy applications to meet the demand for laminates, adhesives, molding materials, and coatings. The segment is expected to grow at around 5.2% CAGR from 2016 to 2025.

Asia Pacific was the largest consumer since the region is home to major end-use industries such as construction, electronics and automotive which are expanding at an exponential pace themselves.

Companies Mentioned

  • Owens Corning
  • Arclin Inc.
  • Olympic Panel Products LLC
  • Ashland Inc.
  • DIC Corporation
  • Hexcel Corp.
  • Arizona Chemical Company LLC
  • Georgia-Pacific Chemicals
  • Kolon Industries Inc.
  • Momentive Specialty Chemicals
  • Sumitomo Bakelite Co. Ltd.
  • BASF SE
  • Hitachi Chemical Co. Ltd.
  • SI Group Inc.

Key Topics Covered:

1 Methodology and Scope

2 Executive Summary

3 Market Snapshot

4 Phenolic Resins Market Variables, Trends & Scope

5 Phenolic Resins: Product Estimates & Trend Analysis

6 Phenolic Resins: Application Estimates & Trend Analysis

7 Phenolic Resins: Regional Estimates & Trend Analysis

8 Phenolic Resins Trade Landscape

9 Competitive Landscape

10 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/2c3n5b/phenolic_resins