Published on : Sep 30, 2019
Albany, New York, September 30, 2019: Phenolic resins are synthetic thermosetting resins prepared by either base-catalyzed (resoles) or acid-catalyzed (novolacs) addition polymerization of phenol with formaldehyde. While resoles are self-curing owing to the presence of reactive side groups, novolacs resins are not reactive and need a cross-linking agent to completely polymerize. Prominently, both novolak and resins are high-volume, reactive intermediates which experience a range of chemical transformation. In several cases, the inclusion of other monomers enhances resin systems which add value to the resin products.
These insights are according to the intelligence report, titled, “Global Market Study on Phenolic Resins: Unlimited Commercial Potentiality Ahead,” which has been of late added to Market Research Hub’s (MRH) exponential repository.
There has been notable demand for phenolic resins in composites, coatings and adhesives. Nevertheless, phenolic resins are highly sought-after in manufacturing protective coatings and improving the performance of acrylic, epoxy, and alkyl based adhesives and polyester. Moreover, innate characteristics such as significantly low generation of toxic gases, low flammability and slow heat release have made phenolic resins immensely popular in aerospace and transportation industry.
North America, Europe and East Asia account for 3/4th of share of the total phenolic resins market in 2018. East Asia, as such, is expected to provide lucrative opportunity in terms of production and application. Further, use of phenolic resins as composite boards in North America and Europe will likely boost stakeholders.
A few of the company have pinned hope on mergers and acquisitions to bolster their product portfolio. For example Prefere Resins Holding GmbH of late acquired INEOS Melamines & Paraform business, and transpired into three dynamic business units—Prefere Melamines, Prefere Phenolic, and Prefere Paraform.
Phenolic Resins Market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the phenolic resins market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the phenolic resins market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on phenolic resins.
An insightful and deep-dive assessment of the competitive assessment of the phenolic resins market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the phenolic resins market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Phenolic Resins Market: Research Methodology
Primary sources and secondary sources propel intelligence report on phenolic resins market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on phenolic resins market further acknowledges secondary sources-namely-Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.
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