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