Asia Pacific Phenolic Resin Market

The Asia Pacific Phenolic resin market was valued at USD 5260.00 Mn in 2019 and is expected to reach at USD 7790.00 Mn by 2027 growing at a CAGR of 5.03% from 2019 to 2027. To know about the Research Methodology :- Request Free Sample Report Asia pacific Phenolic resin market growth is attributed to a wide range of factors, which includes increasing growth in the automotive and construction industries, along with elevated consumption of molding compounds in countries, such as India, China and ASEAN countries. By region APAC Market is segmented into China, India, Japan, ASEAN and Rest of APAC. China is leading the APAC phenolic resin market. China phenolic resin market is expected to reach at USD 2975.78 Mn by 2027 at a CAGR of 5.10%. India phenolic resin market is expected to reach at USD XX% Mn at a CAGR of 4.98%. China and India collectively exhibit 60-62% of market share over forecast period owing to the rapid expansion of end-use industries such as consumer goods, automotive, construction and aerospace. Additionally, the phenolic resin manufacturers in this region are developing bio-based feedstock for the production of phenolic resins, which is expected to create lucrative opportunities for market. Japan is expected to reach at USD XX Mn by 2027 at a CAGR of 4.95%. Legislations issued in Japan to construct energy efficient buildings has complimented the overall demand of phenolic resins, thereby resulting in the rapid progression of the phenolic resins market. The phenolic resin market in Japan is expected to rise further due to its increased usage of composites in aerospace, automotive, electrical &electronics and mass transit. ASEAN phenolic was valued at USD 631.20 Mn and is expected to reach at USD XX Mn by 2027 at a CAGR of 5.14%. The future of the ASEAN phenolic resin market looks promising with growth opportunities in various end use industries, including construction, transportation, electrical and electronics, furniture, industrial, and others. Thailand is expected to remain the largest country by value due to growth in end use industries such as residential and commercial activities, increasing automotive production, and growing electrical and electronics demand. The objective of the report is to present a comprehensive analysis of the Asia Pacific Phenolic resin market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Asia Pacific Phenolic resin market dynamics, structure by analyzing the market segments and project the Asia Pacific Phenolic resin market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Asia Pacific Phenolic resin market make the report investor’s guide. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Scope of APAC Phenolic Resin Market : Inquire before buying

APAC Phenolic Resin Market, by Type

• Resol Resin • Novolac Resin • Others • Resol Resin • Novolac Resin • Others

APAC Phenolic Resin Market, by Application

• Wood Adhesives • Molding • Foundry • Insulation • Laminates • Others

APAC Phenolic Resin Market, by End-User Industry

• Electrical & Electronics • Automotive • Building & Construction • Others

APAC Phenolic Resin Market by country

• China • India • ASEAN • Japan • Rest of APAC

Major Manufacturer in APAC are

• BASF SE • Momentive Performance Materials Inc. • Dynea AS • Georgia-Pacific LLC. • Jinan Shengquan Group Co. Ltd. • Kolon Industries, Inc. • SI Group • Sumitomo Bakelite • Thai GCI Resitop • AICA KOGYO • Kineco Limited • Suzhou Xingye Materials Technology Co., Ltd. • Polyols & Polymers Pvt Ltd • Shengquan Group • Subham Oils and Resins Pvt Ltd

Author: Web Spangle

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