LONDON, May 23, 2017 /PRNewswire/ -- According to Stratistics MRC, the Global Phenolic Resins Market is accounted for $10.82 billion in 2016 and is expected to reach $16.05 billion by 2022 growing at a CAGR of 6.7% from 2016 to 2022.

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Rising requirement for phenolic resins in tire industry, flourishing automotive industry in Asia Pacific region and advanced properties of phenolic resins are
Some of the drivers that are influencing the market growth. Furthermore, rising requirement for light weight fuel efficient vehicles and espousal of nanotechnology are some trends providing immense growth opportunity for the market. However, stringent environmental regulations will hamper the market during the forecast period.

Automotive is the fastest and the largest growing segment in phenolic resins market owing to increasing number of automobile sales across the globe. Asia Pacific is anticipated to emerge as the fastest growing region due to increasing number of end user industries and growing knowledge on low cost benefits of the product with varied applications.

Some of the key players in this market include Fenolit D.D. , Shandong Laiwu Runda New Material Co., Ltd., DIC Corporation, BASF SE, Hitachi Chemical Co., Ltd., Dujodwala Paper Chemicals Ltd., Kolon Industries, Inc., SI Group, Inc., Sumitomo Bakelite Co., Ltd., Hexion Inc., Sprea Misr, Saluc SA, Aica Kogyo Co., Ltd., Red Avenue Group Co., Ltd., Chang Chun Plastics Co., Ltd., Mitsui Chemicals, Inc., Georgia-Pacific Chemicals LLC, Shengquan Group, Mansoura for Resins & Chemical Industries Co. and Lerg SA.

Types Covered:
- Solid Resol Resins
- Liquid Resol Resins
o Resol Resin
o Novolac Resin
- Other Types
o Free-Formaldehyde Phenolic Resin
o Bio-Phenolic Resin
o Cresol Novolac

End Users Covered:
- Electrical & Electronics
- Building & Construction
- Furniture
- Automotive
- Other End Users

Applications Covered:
- Insulation
o Rock Wool Thermal Insulation
o Glass Wool Thermal Insulation
- Foundry
o Refractory Products
o Sand Binders
- Wood Adhesives
o Laminated Veneer Lumber (LVL)
o Plywood
o Oriented Strand Board (OSB)
- Laminates
o Cotton Cloth Laminated Rod
o Laminate Sheet
o Copper Clad Laminates
- Molding
o Commutators
o Coil Bobbin
- Other Applications
o Coatings
o Friction Materials
o Foam
o Abrasives

Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
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