Market Forecast by Countries (United States, Canada), By Product (Novolac, Resol, Others), By Application (Wood Adhesives, Molding, Insulation, Laminates, Paper Impregnation, Coatings, Others) And Competitive Landscape
Product Code: ETC075330 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
North America Phenolic Resin Market is anticipated to gain growth prospects in the coming time zone. 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, the rise in population has led to an increase in demand for houses, clothing, footwear, requiring bonding materials for the construction and manufacturing of clothing and footwear products. Furthermore, Advancement in technology has increased the demand for adhesives for manufacturing products, contributing to key factors driving North America Phenolic Resins Market. However, the outbreak of the COVID-19 has affected worldwide business and various industries.
According to 6Wresearch, North America Phenolic Resins Market size is anticipated to register growth during 2021-2027. Key countries in North America are United States and Canada. Canada is also expected to boost resin demand in building & furniture applications is expected to grow at a satisfactory rate during the forecast period. Increasing application of Phenolic Resins in packaging construction of houses, automotive manufacturing, electronic equipment manufacturing due to rising demand of these products because of increase in population and better purchasing power are the key factors driving the Europe Phenolic Resins Market. Increasing demand for stylish clothes has also raised the demand for bonding materials by cloth manufacturing companies.
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 North America 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 North America phenolic resin market report thoroughly covers the market by types, applications, end user industry and countries including United States and Canada, among other key countries. The North America phenolic resin market outlook report provides an unbiased and detailed analysis of the on-going North America 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 North America Phenolic Resins Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Phenolic Resins Market Revenues & Volume, 2020 & 2027F |
3.3 North America Phenolic Resins Market - Industry Life Cycle |
3.4 North America Phenolic Resins Market - Porter's Five Forces |
3.5 North America Phenolic Resins Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 North America Phenolic Resins Market Revenues & Volume Share, By Product, 2020 & 2027F |
3.7 North America Phenolic Resins Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 North America Phenolic Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Phenolic Resins Market Trends |
6 North America Phenolic Resins Market, 2017 - 2027 |
6.1 North America Phenolic Resins Market, Revenues & Volume, By Product, 2017 - 2027 |
6.2 North America Phenolic Resins Market, Revenues & Volume, By Application, 2017 - 2027 |
7 United States Phenolic Resins Market, 2017 - 2027 |
7.1 United States Phenolic Resins Market, Revenues & Volume, By Product, 2017 - 2027 |
7.2 United States Phenolic Resins Market, Revenues & Volume, By Application, 2017 - 2027 |
8 Canada Phenolic Resins Market, 2017 - 2027 |
8.1 Canada Phenolic Resins Market, Revenues & Volume, By Product, 2017 - 2027 |
8.2 Canada Phenolic Resins Market, Revenues & Volume, By Application, 2017 - 2027 |
9 North America Phenolic Resins Market Key Performance Indicators |
10 North America Phenolic Resins Market - Opportunity Assessment |
10.1 North America Phenolic Resins Market Opportunity Assessment, By Countries, 2020 & 2027F |
10.2 North America Phenolic Resins Market Opportunity Assessment, By Product, 2020 & 2027F |
10.3 North America Phenolic Resins Market Opportunity Assessment, By Application, 2020 & 2027F |
11 North America Phenolic Resins Market - Competitive Landscape |
11.1 North America Phenolic Resins Market Revenue Share, By Companies, 2020 |
11.2 North America Phenolic Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |