CHEMICAL INSIGHTS NEWS

  Phenolic resins are synthetic thermosetting polymers that are formed by the reaction of phenols with aldehydes, such as formaldehyde. These resins have excellent thermal and chemical resistance, good electrical insulation properties, and are widely used in a variety of applications, including adhesives, coatings, laminates, and molded parts. Market Overview: The  global phenolic resins market   size was valued at USD 12.9 billion in 2020 and is expected to reach USD 17.6 billion by 2028, growing at a CAGR of 4.0% from 2021 to 2028. The market is driven by the increasing demand from various end-use industries such as automotive, construction, electrical & electronics, and others. Market Segmentation: The phenolic resins market can be segmented based on product type, application, and region. By product type, the market can be segmented into novolac, resol, and others. The resol segment is expected to hold the largest share of the market due to its superior properties ...

  Phenolic resins   are synthetic polymers derived from the reaction between phenol and formaldehyde. They are widely used in a variety of applications due to their excellent mechanical, electrical, and thermal properties. The global phenolic resins market is expected to grow at a CAGR of around 5% during the forecast period of 2021-2026. Market Drivers: Increasing demand for phenolic resins in the construction and automotive industries due to their excellent fire resistance and mechanical properties. Growing use of phenolic resins in the electrical and electronics industry due to their excellent electrical insulation properties. Rising demand for molded plastics in the automotive and aerospace industries, which use phenolic resins as a binder. Growing demand for adhesives and coatings in various end-use industries. Market Segmentation: The global phenolic resins market is segmented by product type, application, and geography. By product type: Novolac resins Resol resins Other...