Thermosetting Phenolic Resin Market
Thermosetting Phenolic Resin Market Scope:
Industry Analysis, Market Size, Growth, Trends Till
2031
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Thermosetting Phenolic Resin Market Size and Growth
The Thermosetting Phenolic Resin market is experiencing robust growth, driven by increasing demand in automotive, construction, and electronics sectors. Market size reached approximately $13 billion in 2023, with a compound annual growth rate (CAGR) of 4-5% expected through 2030. Rising focus on durable and heat-resistant materials propels market development.
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Companies Covered
(Covid 19 Impact Covered)
◍ Georgia-Pacific
◍ Dow
◍ SI Group
◍ Evonik
◍ Shin-Etsu
◍ Momentive
◍ Sichuan EM Technology
◍ Shengquan Group
◍ Suzhou Xingye Materials Technology
◍ Red Avenue New Materials
◍ Hangmo New Materials
The thermosetting phenolic resin market features key players like Georgia-Pacific, Dow, and SI Group, who drive innovation and production. Companies utilize these resins in applications like automotive, electronics, and construction. Revenue generation from diverse products fuels market growth, with Georgia-Pacific reporting $4 billion and Dow approximately $39 billion in sales.
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Market Segmentation
By Application
Adhesives
Anti-corrosion Materials
Others
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By Product
Normal Temperature Curing
Heat Curing
Market Growth
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$ X Billion USD
