PUNE, India, February 2, 2017 /PRNewswire/ --

The report "Phenolic Resin Market by Type (Resol Resin, Novolac Resin), Application (Wood Adhesives, Molding, Insulation), End-use Industry (Automotive, building & construction, Furniture) - Global Forecasts to 2021", published by MarketsandMarkets, the global market is estimated to be valued at USD 11.30 Billion in 2016 and is projected to grow at a CAGR of 5.8% to reach USD 15.01 Billion by 2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 115 market data Tables and 69 Figures spread through 177 Pages and in-depth TOC on "Phenolic Resin Market"

http://www.marketsandmarkets.com/Market-Reports/phenolic-resin-market-177821389.html
Early buyers will receive 10% customization on this report.

The growing automotive industry in the Asia-Pacific region and the increasing demand from end-user industries is leading to the growth of the global phenolic resin market.

Resol resin to register the highest CAGR in the global phenolic resin market, from 2016 to 2021 

The global phenolic resin market is segmented by type, namely, resol resin, novolac resin, and others. The market for resol resin is expected to grow at the highest CAGR in the global phenolic resin market from 2016 to 2021. The higher CAGR for resol resin over other types is due to the rising demand from the wood adhesives, molding, and others applications. It offers advantages such as, superior heat resistance, high flexibility, mechanical strength, and moldability, and excellent friction properties.

Request for Sample PDF of the Report @ http://www.marketsandmarkets.com/pdfdownload.asp?id=177821389

Molding to be the fastest growing application of the global phenolic resin market during the forecast period 

The molding application is projected to be the fastest growing application in the global phenolic resin market during the forecast period mainly due the rising demand for phenolic resin in the manufacture of appliances, enclosures, housewares, and in the transportation application. The demand for molding is estimated to witness the highest CAGR in the Asia-Pacific region due to the increasing demand for phenolic molding compounds for their strengthening efficiency and providing safety from fire in automobiles.

Asia-Pacific to be the fastest growing market for phenolic resin during the forecast period 

The Asia-Pacific region phenolic resin market is expected to witness the highest CAGR from 2016 to 2021. The growing population in the Asia-Pacific region, coupled with the rising disposable incomes is driving the market for phenolic resin. In addition, increased demand for phenolic resin in key countries such as China and India, are contributing to the growth of the phenolic resin market in the region.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=177821389

Currently, the global phenolic resin market is led by various market players such as, Hexion Inc. (U.S.), Hitachi Chemical Co., Ltd. (Japan), Sumitomo Bakelite Co., Ltd. (Japan), SI Group, Inc. (U.S.), DIC Corporation (Japan), BASF SE (Germany), Kolon Industries, Inc. (South Korea), Shandong Laiwu Runda New Material Co., Ltd. (China), Dujodwala Paper Chemicals Ltd. (India), and Changshu South-East Plastics Co., Ltd. (China), among others.

Browse Related Reports: 

Epoxy Resin Market by Physical Form (Liquid, Solid, and Solution), Application (Paints & Coatings, Adhesives & Sealants, Composites), End-Use Industry (Building & Construction, Aerospace, Wind Power, Marine, Consumer Goods) - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/epoxy-resins-market-762.html

Adhesive Resin Market by Technology (Water, Solvent, Hot-Melt, Reactive & Others), by Chemistry (PAE, PVA, VAE, EVA, SBS, Synthetic Rubber, Polyamide, Polyurethane, Epoxy, Cyanoacrylate, & Others), & by Application - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/adhesive-resins-market-13352119.html

Subscribe Reports from Chemicals & Materials Domain http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets