| Product Code: ETC4679355 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cape Verde`s import of phenolic resins in 2024 continued to be dominated by key exporters such as Portugal, Belgium, China, France, and Italy, indicating a strong market presence. The high Herfindahl-Hirschman Index (HHI) suggests a concentrated market with limited competition. The impressive compound annual growth rate (CAGR) of 34.84% from 2020 to 2024 underscores the growing demand for phenolic resins in Cape Verde. Moreover, the exceptional growth rate of 443.59% from 2023 to 2024 indicates a significant surge in import shipments, reflecting a potentially lucrative market for manufacturers and exporters in the sector.

Cabo Verde's Phenolic Resins market is anticipated to experience a stable growth rate of 2.29% by 2027, reflecting trends observed in the largest economy Egypt, followed by South Africa, Ethiopia, Algeria and Nigeria.

The phenolic resins market in Cape Verde involves the production and application of phenolic resins, which are used in adhesives, coatings, and molding compounds. These resins offer excellent heat resistance and mechanical strength, making them essential in various industrial and construction applications.
The phenolic resins market in Cape Verde is influenced by their application in automotive, construction, and industrial sectors. The demand for high-performance materials with excellent thermal and chemical resistance drives the growth of the phenolic resins market.
The phenolic resins market in Cape Verde faces challenges due to high import costs and a lack of local production facilities. There is also limited awareness among local businesses about the benefits and applications of phenolic resins. Additionally, the market is impacted by the need for improved infrastructure and investment in local manufacturing capabilities.
Cape Verde could enhance the phenolic resins market by promoting the use of these resins in various industrial applications. Policies might involve providing incentives for local manufacturers, setting regulations for product quality and environmental impact, and supporting research into new applications and formulations for phenolic resins.
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 Cape Verde Phenolic Resins Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Phenolic Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Phenolic Resins Market - Industry Life Cycle |
3.4 Cape Verde Phenolic Resins Market - Porter's Five Forces |
3.5 Cape Verde Phenolic Resins Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Cape Verde Phenolic Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Phenolic Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cape Verde Phenolic Resins Market Trends |
6 Cape Verde Phenolic Resins Market Segmentations |
6.1 Cape Verde Phenolic Resins Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Phenolic Resins Market Revenues & Volume, By Novolac, 2021-2031F |
6.1.3 Cape Verde Phenolic Resins Market Revenues & Volume, By Resol, 2021-2031F |
6.1.4 Cape Verde Phenolic Resins Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cape Verde Phenolic Resins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Phenolic Resins Market Revenues & Volume, By Wood Adhesives, 2021-2031F |
6.2.3 Cape Verde Phenolic Resins Market Revenues & Volume, By Molding, 2021-2031F |
6.2.4 Cape Verde Phenolic Resins Market Revenues & Volume, By Insulation, 2021-2031F |
6.2.5 Cape Verde Phenolic Resins Market Revenues & Volume, By Laminates, 2021-2031F |
6.2.6 Cape Verde Phenolic Resins Market Revenues & Volume, By Paper Impregnation, 2021-2031F |
6.2.7 Cape Verde Phenolic Resins Market Revenues & Volume, By Coatings, 2021-2031F |
7 Cape Verde Phenolic Resins Market Import-Export Trade Statistics |
7.1 Cape Verde Phenolic Resins Market Export to Major Countries |
7.2 Cape Verde Phenolic Resins Market Imports from Major Countries |
8 Cape Verde Phenolic Resins Market Key Performance Indicators |
9 Cape Verde Phenolic Resins Market - Opportunity Assessment |
9.1 Cape Verde Phenolic Resins Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Cape Verde Phenolic Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Phenolic Resins Market - Competitive Landscape |
10.1 Cape Verde Phenolic Resins Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Phenolic Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |