Phenolic Resin Market Segmentation:
Type (Resol, Novolac)
The novolac segment in the phenolic resin market is poised to generate the largest revenue by 2035. The growth of the segment is on account of its rising application. The production of electrical laminates, adhesives, coatings, and molded parts frequently uses novalac resins, a type of phenolic resin. They stand out for high cross-linking density and low molecular weight, which make them perfect for high-temperature applications. Moreover, due to the rising need for electrical laminates in the construction and automotive industries, novolac resin consumption is predicted to increase dramatically in the upcoming years.
End-Use Industry (Electrical & Electronics, Automotive, Lumber, Building & Construction)
Phenolic resin market from the building & construction segment is estimated to have significant growth during the forecast timeline. This is credited to the growing construction activities. Public residential construction investments increased significantly in the US in recent years.
Our in-depth analysis of the market includes the following segments:
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