Phenolic Resins Market to Reach US$13.36 Billion in 2019 | Page 2

Phenolic Resins Market REPORT DESCRIPTION Phenolic Resins Market (Resol, Novolac and Others) for Woodadhesives, Molding Compounds, Laminates, Insulation and Other Applications - Global Industry Analysis, Size, Share, Growth,Trends and Forecast, 2013 - 2019 Phenolic resins are synthetic polymers derived from the reaction between phenol and formaldehyde, under the influence of heat. Phenolic resins exhibit diverse properties such as high tensile strength, high heat resistance, light weight, low toxicity of smoke, and high mold ability, owing to which they are increasingly used in wood-adhesives, molding compounds, insulation, rubber, and laminates, among others. Phenolic resins also find application in niche segments such as off-shore oil drilling and mass transit because of their beneficial physical and chemical properties. Multiple factors aid the expansion of the phenolic resins market on a global scale. Transparency Market Research has published a new report titled “Phenolic Resins Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” to study and evaluate such growth drivers, market restraints, and prospective opportunities. This is a 90page report and presents an executive-level blueprint of the global phenolic resins market. View Exclusive Global Strategic Business Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2074 Based on findings sourced through in-depth primary and secondary research, the report forecasts the global phenolic resins market to exhibit a 5.6% CAGR between 2013 and 2019. While in 2012 the global phenolic resins market stood at US$9.19 billion, it is expected to reach US$13.36 billion in 2019. Surging demand for phenolic molding compounds in the automotive industry is identified as the key growth driver fuelling this multi-billion-dollar market. Due to its intrinsic physical properties, molding compounds are used in the production of seats, suspensions, and bottom plates in the automotive industry. These compounds also find application in automobile tire manufacturing. 2 Transparency Market Research