Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Product (Novolac, Resol, Others), By Application (Wood Adhesives, Molding, Insulation, Laminates, Paper Impregnation, Coatings, Others) And Competitive Landscape
Product Code: ETC077420 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Africa Phenolic Resins Market is anticipated to gain growth in the coming time zone. The areas of applications are wood adhesives, foundry, molding, laminations, insulations and others. The driving factors are rise in demand for rubber and friction materials which is lightweight makes overall weight of vehicle less, domestic manufacturing of wall panels, cabinets and furniture is witnessing growth in the residential housing wood products, industrial and decorative laminations for construction industry. Additionally, growing transportation business across the globe will drive the rubber processing industry growth which will in turn, accelerates phenolic resins market. One of the risks faced by the phenolic resin market in today’s scenario is fluctuation in the price of raw materials. Recently we have seen SUEZ canal blockage, this is also a type of restraint as Egypt is connecting four regions Asia, Europe, Middle East and Africa through the Suez Canal route. The outbreak of COVID-19 has affected the phenolic resin market as automotive industry and construction industry are severely affected.
According to 6Wresearch, Africa Phenolic Resins Market size is anticipated to register growth during 2021-2027. Key countries in Africa are South Africa, Egypt, Algeria, Nigeria and Kenya. In addition, rise in demand for phenolic resins from automotive, building & construction, wood & furniture, architectural coating and others, is anticipated to fuel the growth of the market during the forecast period. Additionally, The oil and gas sector was affected due to the temporary lockdown in almost all countries. The consumer electronics, furniture industries are also affected due to difficulties in continued operations due to shortages of workforces as workers are migrated to their home. Recently COVID-19 cases are again increasing and there were lockdowns and restrictions in many countries, market will be affected.
Some of the key players are NAMA Chemicals, Olin Corporation, Huntsman Corporation LLC and others.
The phenolic resin market is segmented based on product type, application and end-user industry. By product type, the market is segmented into novolac and resol. By application, the market is segmented into molding, adhesive, insulation, and other applications. By end-user industry, the market is segmented into automotive and transportation, consumer electronics, building and construction, oil and gas, furniture, and other end-user industries. Additionally, manufacturers in the Africa region are using bio-based fuel for production of phenolic resin, which attracts the market. Automotive industry is likely to grow faster as Electric vehicle are replacing conventional vehicles.
The Africa phenolic resin market report thoroughly covers the market by types, applications, end user industry and countries including South Africa, Egypt, Algeria, Nigeria, Kenya and others, among key countries. The Africa phenolic resin market outlook report provides an unbiased and detailed analysis of the on-going Africa phenolic resin market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The market report covers the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Phenolic Resins Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Phenolic Resins Market Revenues & Volume, 2020 & 2027F |
3.3 Africa Phenolic Resins Market - Industry Life Cycle |
3.4 Africa Phenolic Resins Market - Porter's Five Forces |
3.5 Africa Phenolic Resins Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Africa Phenolic Resins Market Revenues & Volume Share, By Product, 2020 & 2027F |
3.7 Africa Phenolic Resins Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Africa Phenolic Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Phenolic Resins Market Trends |
6 Africa Phenolic Resins Market, 2017 - 2027 |
6.1 Africa Phenolic Resins Market, Revenues & Volume, By Product, 2017 - 2027 |
6.2 Africa Phenolic Resins Market, Revenues & Volume, By Application, 2017 - 2027 |
7 South Africa Phenolic Resins Market, 2017 - 2027 |
7.1 South Africa Phenolic Resins Market, Revenues & Volume, By Product, 2017 - 2027 |
7.2 South Africa Phenolic Resins Market, Revenues & Volume, By Application, 2017 - 2027 |
8 Nigeria Phenolic Resins Market, 2017 - 2027 |
8.1 Nigeria Phenolic Resins Market, Revenues & Volume, By Product, 2017 - 2027 |
8.2 Nigeria Phenolic Resins Market, Revenues & Volume, By Application, 2017 - 2027 |
9 Kenya Phenolic Resins Market, 2017 - 2027 |
9.1 Kenya Phenolic Resins Market, Revenues & Volume, By Product, 2017 - 2027 |
9.2 Kenya Phenolic Resins Market, Revenues & Volume, By Application, 2017 - 2027 |
10 Rest of Africa Phenolic Resins Market, 2017 - 2027 |
10.1 Rest of Africa Phenolic Resins Market, Revenues & Volume, By Product, 2017 - 2027 |
10.2 Rest of Africa Phenolic Resins Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Africa Phenolic Resins Market Key Performance Indicators |
12 Africa Phenolic Resins Market - Opportunity Assessment |
12.1 Africa Phenolic Resins Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Africa Phenolic Resins Market Opportunity Assessment, By Product, 2020 & 2027F |
12.3 Africa Phenolic Resins Market Opportunity Assessment, By Application, 2020 & 2027F |
13 Africa Phenolic Resins Market - Competitive Landscape |
13.1 Africa Phenolic Resins Market Revenue Share, By Companies, 2020 |
13.2 Africa Phenolic Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |