Resol Resin Market Share, Trends, Segmentation & Forecast To 2026

Global Resol Resin Market is expected to registering a steady CAGR of 2.8% in the forecast period of 2019-2026. The high growth of this market is due to the high chemical and mechanical properties as compared to other resins.

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Resol resins are made up of a basic (alkaline) catalyst and a molar excess of formaldehyde. They are known as thermosetting polymers which can cure effectively and efficiently without adding any other catalyst such as heat. It is used for the purpose of gluing and bonding building materials. It is used in several applications including laminations, insulation and wood working adhesives among others.

Key Market Competitors:

Few of the major competitors currently working in global resol resin market are BASF SE, Chang Chun Group, Georgia-Pacific Chemicals LLC, Mitsui Chemicals Inc., Shandong Laiwu Runda New Material Co., Ltd., DIC Corporation, Fenolit d.d., RED AVENUE, UCP Chemicals AG, Aica Kogyo Co., Ltd., LERG SA., Saluc, MRI, Sprea Misr and Sumitomo Bakelite Co., Ltd among others.

Competitive Analysis:

Global resol resin market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of resol resin market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Segmentation: Global Resol Resin Market

• By Component (Phenol, Formaldehyde)
• By Application (Molding Compounds, Wood Working Adhesives, Laminations, Insulation)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers:

• Increasing demand for wood working adhesives applications will definitely uplift the global resol resins market
• Growing infrastructural and construction activities in emerging economies can further lead to drive the market growth in the forecast period
• Rising disposable income in the emerging economies will also propel the growth of the market

Market Restraints:

• It incurs higher cost compared to the conventional coatings which may impact the demand and supply of the resol resins market worldwide
• Stringent regulations applied on the phenol formaldehyde might hamper the growth of the market in the forecast period

Reasons to Purchase this Report

• Current and future of global anesthesia monitoring market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.