PRN: Global Phenolic Resin Market 2017-2021 - Growing Introduction of Carbon Nanofibers

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Global Phenolic Resin Market 2017-2021 - Growing Introduction of Carbon Nanofibers

 
[19-September-2017]
 

DUBLIN, September 19, 2017 /PRNewswire/ --

The "Global Phenolic Resin Market 2017-2021" report has been added to Research and Markets' offering.

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The global phenolic resin market to grow at a CAGR of 4.63% during the period 2017-2021.

Global Phenolic Resin Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of phenolic resins across various application segments.

The latest trend gaining momentum in the market is Growing introduction of carbon nanofibers. Carbon-contained refractories are widely used in AC arc furnace, converter, and external refining equipment due to their properties like erosion resistance, fire resistance, thermal shock resistance, and high-temperature creep. Phenolic resin is an important binder for carbon contained refractory, which has high fixed carbon content and high wettability with graphite and oxide.

According to the report, one of the major drivers! for this market is Growing building and construction activities. The global construction industry is expected to grow by $12 trillion during the forecast period. APAC includes the major emerging economies of the world, which are Indonesia, China, India, and the Philippines. In 2016, the growth rate for the global construction industry was estimated to be around 4%. This increase in the global construction industry will drive the use of phenolic resins in construction in the Americas.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in crude oil prices. Phenolic resins are manufactured by the polymerization of phenol and formaldehyde. The basic component for manufacturing phenolic resins are phenols. These phenols are derived from the distillation! of crude oil. The prices of petrochemicals are dependent on c! rude oil prices as these are the byproducts of crude oil. The fluctuating crude oil prices have severely affected the prices of the raw material, affecting the production cost of phenol products.

Key vendors

  • Ashland
  • BASF
  • DIC
  • Hexion
  • Hitachi Chemicals
  • Sumitomo Bakelite

Other prominent vendors

  • allnex group
  • capiton
  • Chemovate
  • DynaChem
  • Fenolit d.d.
  • Georgia-Pacific Chemicals
  • Kolon Industries
  • LERG
  • MITSUI CHEMICALS AMERICA
  • Romit Resins
  • Shandong Laiwu Runda New Material
  • SHENGQUAN GROUP
  • SI Group
  • Sprea Misr
  • Tembec
  • UCP Chemicals

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by type

  • Resol
  • Novolac

PART 07: Market segmentation by application

  • Wood adhesives
  • Molding
  • Laminates
  • Insulation

PART 08: Geographical segmentation

PART 09: Decision framework

PART 10: Drivers and challenges

  • Increasing introduction of substitutes for phenolic resin manufacturing
  • Growing introduction of carbon nanofibers
  • Development of new products

PART 12: Vendor landscape

  • Competitive scenario
  • Major market vendors
  • Other prominent vendors

PART 13: Key vendor analysis

PART 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/bbn25n/global_phenolic

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Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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