Phenolic Resins Market to Reach US$13.36 Billion in 2019, Driven by Increasing Demand from the Automotive Industry
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 90-page report and presents an executive-level...