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The Phenolic Resin Market was valued at USD 12.54 billion in 2022 and is projected to reach USD 17.83 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2023 to 2030.
Phenolic Resin Market Trends, widely used in various industries, have witnessed significant market growth in recent years. This upward trend is expected to continue, driven by factors such as increasing demand for phenolic resins in the automotive, construction, and electrical industries.
The market's current valuation of USD 12.54 billion in 2022 reflects the robust demand for phenolic resins and their diverse applications. These resins possess exceptional properties, including high heat resistance, flame retardancy, and excellent mechanical strength, making them ideal for a wide range of applications.
Looking ahead, the market is anticipated to expand at a CAGR of 4.5% over the forecast period, reaching a value of USD 17.83 billion by 2030. This growth can be attributed to the rising adoption of phenolic resins in the automotive sector, where they are extensively used in manufacturing lightweight components, reducing fuel consumption and emissions.
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Market Segmentation:
By Type:
By Application:
By End-Users:
Key players:
Kolon Industries Inc., Asahi Yukizai Corporation, Prefere Resins Holding GmbH, ASK Chemicals, Gunei Chemical Industry Co., Ltd, Kraton, Allnex GMBH, Seiko PMC Corporation, Bakelite Synthetics, Sumitomo Bakelite Co. Ltd.
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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Phenolic Resin Market Trends By Type
9.Emulsion Phenolic Resin Market Trends By Application
10.Emulsion Phenolic Resin Market Trends By End-use
11.Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
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