The Phenolic Market was valued at USD 2.32 Billion in 2022 and is expected to reach USD 3.54 Billion in 2032 registering a CAGR of 4.8% during the forecast period.
Due to their high chemical and thermal resistance capabilities, Phenolics are increasingly in demand in a variety of applications, including coatings, adhesives, and Composites. The development of the construction industry and the rising need for High-performance Adhesives and coatings in numerous end-use industries, such as automotive, electronics, and aerospace, are other factors contributing to the market growth.
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Major Companies:
- Hexion Inc.
- Sumitomo Bakelite Co., Ltd.
- Huntsman Corporation
- Kolon Industries, Inc.
- Fenolit d.d.
- Arclin, Inc.
- Aditya Birla Chemicals
- Allnex Group
- Atul Ltd.
- BASF SE
Key questions addressed in the report:
- What is the expected market size of the global Phenolic market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Phenolic market?
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Phenolic Market Segmentation:
By Product Type Outlook:
- Solid
- Liquid
By Application Outlook:
- Coatings
- Adhesives
- Composites
- Molding Compounds
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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