Phenolic Market Growth Analysis, Demand, Trends and Developments Forecast to 2032

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The Phenolic Market was valued at USD 2.32 Billion in 2022 and is expected to reach USD 3.54 Billion in 2032 registering a CAGR of 4.8% during the forecast period.

Due to their high chemical and thermal resistance capabilities, Phenolics are increasingly in demand in a variety of applications, including coatings, adhesives, and Composites. The development of the construction industry and the rising need for High-performance Adhesives and coatings in numerous end-use industries, such as automotive, electronics, and aerospace, are other factors contributing to the market growth.

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Major Companies:

• Hexion Inc.
• Sumitomo Bakelite Co., Ltd.
• Huntsman Corporation
• Kolon Industries, Inc.
• Fenolit d.d.
• Arclin, Inc.
• Aditya Birla Chemicals
• Allnex Group
• Atul Ltd.
• BASF SE

Key questions addressed in the report:

• What is the expected market size of the global Phenolic market during the forecast period?
• What CAGR is the global market expected to register during the forecast period?
• Which key factors are expected to boost global market growth between 2021 and 2028?
• What are the key restraints that are expected to hamper global market growth?
• Which regional market is expected to register robust CAGR during the forecast period?
• Which key players are operating the global Phenolic market?

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Phenolic Market Segmentation:

By Product Type Outlook: 

• Solid
• Liquid

By Application Outlook: 

• Coatings
• Adhesives
• Composites
• Molding Compounds
• Others

 Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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