Research and Markets (http://www.researchandmarkets.com/research/23n3p8/global_phenolic) has announced the addition of the "Global Phenolic Resins Market 2015-2019" report to their offering.
The Global Phenolic Resins market to grow at a CAGR of 5.85% over the period 2014-2019
Phenolic resins are synthetic polymers formed by the reaction of phenol and formaldehyde. Phenolic resins have unique physical and chemical properties including high mechanical strength, temperature stability, flame resistance, water and chemical stability, low toxicity, and an excellent performance profile. Owing to their unique properties phenolic resins are used in a wide array of applications ranging from construction materials to high-end technology applications in the Electronics and Aerospace industries.
Technological advancements and the incorporation of nanotechnology into the production of phenolic resins enlarge the scope and areas of application of phenolic resins. This advancement improves the functionality and the performance standards of phenolic resins, making them more efficient and temperature tolerant. This enhances the scope of phenolic resins, making them viable for use in a variety of end-use applications.
According to the report, the global demand for phenolic resins is expected to rise because of the growing demand from the automotive sector. The steady growth in the Global Automotive market is a major driver for the growing demand. The changing consumer preferences and the growing demand for fuel-efficient, lightweight, and high-performance automobiles are the factors that are fueling the adoption of phenolic resins by the automotive sector.
Further, the report states that one of the major challenges faced by the market is the fluctuation in crude oil prices. Phenolic resin products closely follow the pricing pattern of crude oil, as crude oil is a major component in the making of phenolic resins and the volatility in the pricing of crude oil can hurt the profit margins of the market players.
Key Vendors
- BASF SE
- Momentive Performance Materials Inc.
- SI Group
- Sumitomo Bakelite
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Global Phenolic Resins Market
- Market Segmentation by Application
- Market Segmentation by Product
- Market Segmentation by End-use
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/23n3p8/global_phenolic
