Product Code: ETC081823 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India phenolic resins market import shipments exhibited a steady growth trend with a moderate CAGR from 2020 to 2024. However, there was a significant decline in growth rate between 2023 and 2024, indicating a slowdown in market expansion towards the end of the period.
The India phenolic resins market is anticipated to growat a CAGR of 6.4% during the forecast period.. Phenolic resin is used in electrical/electronic components as an insulating material and coating agent due to its excellent chemical resistance properties and good dielectric strength, which make them suitable for industrial applications such as adhesives, laminates, molding compounds, coatings & varnishes etc., which has widely been used across multiple end user industries such as automotive, construction and electrical equipment industry among others.
Increase in demand from various end use industries such as automotive and furniture segment are majorly driving the growth of the market in India. Additionally with increasing investment in infrastructure development this trend is expected to continue over the coming years fuelling demand for phenolic resin based products also technological advancement enabling usage of premium grade materials will further drive growth opportunities within this sector
Fluctuation in raw material costs tends to affect both volume & pricing of phenol based resins significantly thereby disrupting profitability margins hence companies focusing on cost effective production process become winner???s.Additionally availability of substitutes like epoxy resins can prove detrimental towards sustainable development prospects
Few leading players operating within India markets include names like DIC Corporation ,Daiichi Kogyo Seiyaku Co Ltd ,Asahi Kasei Corporation ,Kukdo Chemicals Co Ltd ,Shikoku Chemicals Pvt Ltd etc
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 India Phenolic Resins Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Phenolic Resins Market Revenues & Volume, 2021 & 2031F |
3.3 India Phenolic Resins Market - Industry Life Cycle |
3.4 India Phenolic Resins Market - Porter's Five Forces |
3.5 India Phenolic Resins Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Phenolic Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Phenolic Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from end-use industries such as construction, automotive, and electronics |
4.2.2 Increasing investments in infrastructure development projects |
4.2.3 Rising awareness about the benefits of phenolic resins in various applications |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices, such as phenol and formaldehyde |
4.3.2 Stringent environmental regulations related to emissions and waste management in the production process |
4.3.3 Competition from alternative materials like epoxy resins and polyurethanes |
5 India Phenolic Resins Market Trends |
6 India Phenolic Resins Market, By Types |
6.1 India Phenolic Resins Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Phenolic Resins Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 India Phenolic Resins Market Revenues & Volume, By Novolac, 2021-2031F |
6.1.4 India Phenolic Resins Market Revenues & Volume, By Resol, 2021-2031F |
6.1.5 India Phenolic Resins Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Phenolic Resins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Phenolic Resins Market Revenues & Volume, By Wood Adhesives, 2021-2031F |
6.2.3 India Phenolic Resins Market Revenues & Volume, By Molding, 2021-2031F |
6.2.4 India Phenolic Resins Market Revenues & Volume, By Insulation, 2021-2031F |
6.2.5 India Phenolic Resins Market Revenues & Volume, By Laminates, 2021-2031F |
6.2.6 India Phenolic Resins Market Revenues & Volume, By Paper Impregnation, 2021-2031F |
6.2.7 India Phenolic Resins Market Revenues & Volume, By Coatings, 2021-2031F |
7 India Phenolic Resins Market Import-Export Trade Statistics |
7.1 India Phenolic Resins Market Export to Major Countries |
7.2 India Phenolic Resins Market Imports from Major Countries |
8 India Phenolic Resins Market Key Performance Indicators |
8.1 Research and development investment in novel phenolic resin formulations |
8.2 Number of patents filed for innovative phenolic resin technologies |
8.3 Adoption rate of sustainable manufacturing practices in phenolic resin production |
8.4 Percentage increase in the usage of phenolic resins in new applications |
8.5 Customer satisfaction and loyalty metrics related to phenolic resin performance and quality |
9 India Phenolic Resins Market - Opportunity Assessment |
9.1 India Phenolic Resins Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Phenolic Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Phenolic Resins Market - Competitive Landscape |
10.1 India Phenolic Resins Market Revenue Share, By Companies, 2024 |
10.2 India Phenolic Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |