The revenue mix of most of the companies of Phenolic Resin Market may change in coming time. One of the important factors would be the shift in topline of the clientele that will push them hard to adopt innovation and spend more on R&D to meet ever dynamic evolving requirements. Some of the players who are preparing for their clients future revenue shift will ride the tide, while others might find it challenging to sustain. To cite an in-depth market outlook AMA released its new publication on Phenolic Resin Market with coverage over 100+ industry players, some of the profiled players are BASF SE (Germany), Bakelite Synthetics (United States), Capital Resin Corporation (United States), Sumitomo Bakelite Company Limited (Japan), The Chemical Company (United States), SI Group Inc. (United States), Jinan Shengquan Group Share Holding Co., Ltd.(China), Abelin Polymers (India), Ashland Global Holdings, Inc. (United States), Peninsula Polymers, LLC (United States), Georgia-Pacific Chemicals' (United States), DIC Corp (Japan), Hexcel Corporation (United States), Palmer Holland, Inc. (United States), Akrochem Corporation (United States) and Synpol Products Private Limited (United States).
According to the report, More Preference for Phenolic Resin for Laminates is one of the primary growth factors for the market. Rising demand for Phenolic Resin for Insulation of Automobiles and Electronics
is also expected to contribute significantly to the Phenolic Resin market. Overall, Paintings & Coatings
applications of Phenolic Resin, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Direct, is boosting the Phenolic Resin market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End Use, such as Automobile, is boosting the Phenolic Resin market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Phenolic Resin market identified that the demand is rising in many different parts of the world as "Augmenting Rubber & Plastics Industrial Production in Southeast Asian Countries has Created Growth Opportunities
". Furthermore, some recent industry insights like "In July 2020, Allnex the leading supplier of specialty chemicals has launched PHENODUR PR 787/50MP which is new, eco-friendly phenolic resin. It is highly recommended for interior and exterior can coatings. It contains ultralow free-formaldehyde. With this launch, company has expanded its broad portfolio of coating resins, additives and cross-linkers." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Phenolic Resin market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Phenolic Resin market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Phenolic Resin market tight? Which application/end-user category or Product Type [Novolac Resin and Resoles Resin] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Phenolic Resin market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Phenolic Resin market size is calculated using market estimation process, the Phenolic Resin market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Phenolic Resin market size has been validated using both top-down and bottom-up approaches.