According to the recent study the Southeast Asian phenolic resin market is projected to grow at a CAGR of 4.4% from 2022 to 2028. Growth in this market is primarily driven by increasing use of heat resistance, corrosion and chemical resistance materials in construction and transportation industry.
Browse 82 figures / charts and 25 tables in this 126 -page report to understand trends, opportunities and forecast in Southeast Asian phenolic resin market by application (wood adhesive, molding compounds, laminates, insulation, coating, paper impregnation, and others), type (resol phenolic resin and novolac phenolic resin), end use industry (construction, transportation, electrical and electronics, furniture, and others), and country (Thailand, Singapore, Malaysia, Indonesia, Philippines, Vietnam, and others).
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“Transportation market is expected to remain the largest segment during the forecast period.”
Based on end use, the Southeast Asian phenolic resin market is segmented into construction, transportation, electrical and electronics, furniture, and others. Lucintel forecasts that transportation will remain the largest end use segment over the forecast period due to increasing demand for heat resistant material, low-cost material, and manufacturing of high-performance composites. Electrcial and electronics is expected to witness highest growth over the forecast period.
“Within the Southeast Asian phenolic resin market, the coating segment is expected to remain the largest type”
Based on application, the coating segment is expected to witness the highest growth over the forecast period.
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Major players of Southeast Asian phenolic resin market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Thai GCI Resitop Co. Ltd, Malayan Adhesives and Chemicals Snd. Bhd., Formal Chemical (M) Snd. Bhd., Jowat Adhesives, Sumitomo Bakelite Co. Ltd, DIC Corporation
Asta Chem, Pt. Intanwijaya International Tbk, Itochu, Thailand, Aica Kogy are among the major Southeast Asian phenolic resin providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/southeast-asian-phenolic-resin-market.aspx or [email protected]