Growth Opportunities for Phenolic Resin Report : Trends, Forecast and Competitive Analysis 1

Industry Profiles Snapshot Major ParameterDescription Market Segments by Application Wood adhesive, molding compound, laminates, insulation, Coating, Paper Impregnation, and others Market Segments by End Use Industry Construction, transportation, electrical and electronics, furniture, Industrial, and others Market Segments by Resin Type Resol and Novolac resin Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Market Segments by Country US, Canada, Mexico, Western Europe, Central. Eastern Europe, China, India, Japan, Taiwan Top Companies Name Hexion, Shandong Shengquan Chemical Co, Si Group, Sumitomo Bakelite, and Georgia–Pacific and others. Trend Growth Rate and CAGR5.0% Key Industry Forecast The global phenolic resin market is expected to reach an estimated $15.0 billion by 2022 and it is forecast to grow at a CAGR of 5.0% from 2017 to Key Industry Driver Driver: Increasing use of materials with fire retardant, heat resistant, and anti-corrosive properties in end use applications. 2

Industry Overview Market Size The global phenolic resin market is expected to reach an estimated $15.0 billion by 2022 and it is forecast to grow at a CAGR of 5.0% from 2017 to Emerging trends, which have a direct impact on the dynamics of the phenolic resin industry, include the development of bio based phenolic resin, and increased penetration of phenolic resin in applications where fire, smoke, and toxicity properties are required. Market Size (2022)$15.0 billion CAGR ( )5.0% 3 Industry Performance : Forecast