|By PR Newswire||
|August 5, 2014 10:12 AM EDT||
IRVING, Texas, Aug. 5, 2014 /PRNewswire-iReach/ -- The global phenolic resin market is expected to reach an estimated value of $13.3 billion by 2019. The major drivers of phenolic resin market are increasing use of fire retardant materials in automotive, construction and aerospace industry. Phenolic resin is being used in various parts in an automotive vehicle such as power train, brake, fuel system, air supply system and cooling system. Growing demand of phenolic resins from automotive sector will drive this industry. Increasing penetration of phenolic resin in thermal insulation products driven by the legislations imposed by many countries and regional organizations for energy efficient buildings is also fueling the demand for phenolic resins in construction industry. Increasing use of composites based on phenolic resins, in mass transit, marine, and aerospace industry will further drive this market.
Lucintel, a leading global management consulting and market research firm, has analyzed the global phenolic resin market by regions and by applications and has come up with a comprehensive research report, "Global Phenolic Resin Market 2014-2019: Trend, Forecast, and Opportunity Analysis". This report provides an analysis of the global phenolic resin market including the market trends, growth opportunities, key drivers and challenges, emerging trend, unmet needs, and company profiles of leading suppliers in the market. The study also includes global phenolic resin market forecasts through 2019, segmented by regions and by applications as follows:
Global phenolic resin market by regions:
- North America
- Asia Pacific
- Rest of World
Phenolic resin market for the following applications for above regions:
- Molding compound
On the basis of its comprehensive research, Lucintel forecasts that majority of the segments for global phenolic resins market will grow moderately during 2014-2019. Molding compound segment is growing at a greater pace than insulation, plywood, laminates and other segment. Construction and automotive industries have a strong potential for growth of global phenolic resin market pushed by the growth in GDP, consumer expenditure, and employment. Momentive Specialty Chemicals Inc., Sumitomo Bakelite Co. Ltd., Shengquan Group Co., Ltd., Georgia-Pacific Chemicals LLC, BASF, SI Group Inc., and Dynea are among the major suppliers of global phenolic resin market. Regular innovation of products is very important for companies to sustain their successful position in the market.
This 223-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at [email protected]. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com . You can also contact us through Live Chat in its website to answer your questions in real time.
Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.
Media Contact: Roy Almaguer, Lucintel, +1-972-636-5056, [email protected]
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