Europe Phenolic Resins Market

Europe Phenolic resins Market

Phenolic resins are synthetic polymers obtained by the reaction of phenol or substituted phenol with formaldehyde. The Europe Phenolic Resins market was valued at $5,291.5 million in 2012 and is expected to reach $8,460.6 million in 2019 with a growing CAGR of 6.9% from 2013. Molding and wood adhesive application are the key drivers for Europe Phenolic Resins market.

A phenol is an aromatic hydrocarbon, which means it contains a group of six carbons linked in a circular arrangement. Rapid construction growth in the developing region is impacting the demand of phenolic resin in the region such as China, India, U.S., etc. Because of its high mechanical strength, good heat resistance, flameretardant, low toxicity, low smoke and its property of getting blended with other polymers to achieve high performance it is widely used in molding compounds, wood adhesives, laminates, insulation, and other fields. Phenolic resins are used in plywood and in fibrous and granulated wood products.

Europe market is little bit mature and is expected to grow at a CAGR of 2.8% over the next five years, but demand from Central and Eastern Europe is expected to gain momentum for the phenolic resin market. Wood adhesive application is expected to drive the phenolic resin market in this region.

The key countries covered in Europe Phenolic resins Market are Germany, France Belgium, Russian Federation, Spain, Italy, Poland and others. The various applications include Wood Adhesives, Molding, Laminates, Insulation and others.

The various types studied include Novolac and Resol within the Europe Phenolic resins market. Further, as a part of qualitative analysis, the Europe Phenolic resins Market research report provides a comprehensive review of the important drivers, restraints, opportunities, and burning issues in the Phenolic resins market.

The Europe Phenolic resins Market report also provides an extensive competitive landscape of the companies operating in this market. It also includes the company profiles of and competitive strategies adopted by various market players, including Momentive Specialty Chemicals Inc., Hitachi Chemical Co., Ltd, Sumitomo Bakelite Co., Ltd., SI Group, Inc., Shandong Laiwu Runda New Material Co., Ltd, Kolon Industries, Inc., DIC Corporation, Dujodwala Paper Chemicals Ltd, BASF SE, Changshu South-East Plastic Co., Ltd.

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• Market data for additional regions like South America, middle East and Africa
• Buying preference by key applications/user industries
• Key market developments for the leading players March, 2014 onwards
• Market share analysis for the leading companies in Europe Phenolic resins Market

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