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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Arclin, Inc., in Georgia, United States, and established in 1992, is a leading provider of resin-based systems and products. The company deals with chemicals and products like bonding agents and surface solutions for buildings. They offer a vast variety of products to choose from like furniture, flooring, building, wood working and automotive industries. Arclin also provides decorative materials for homes like melamine, laminates, and foils.
Ashland, Inc. is a provider and distributer of diversified chemical and thermoplastic resins operating from Delaware, United States. Founded in 1924, Ashland is a specialty materials company that provides services in sectors such as pharmaceuticals, construction, food, and nutraceuticals. The core business units of the company comprise of life sciences, speciality additives, intermediates, and personal care.
Akrochem Coporation, located in Akron, Ohio and founded in 1929, is a chemical distributor for the rubber industry and also provides raw materials. Akrochem offers a range of quality materials that are backed by the company’s technical expertise and innovation. They sell products like antifoams, emulsions, fire retardants, mineral fillers, sulphurs, and waxes. Akrochem also specialises in the production of rubber, plastic, paint, coatings, and lubricants.
Other market players include Sumitomo Bakelite North America Holding, Inc., DIC Corporation, Capital Resin Corporation, SI Group, Inc., LRBG Chemical, Inc., and Bakelite Synthetics Group, among others.
North America Phenolic Resin Market Report Snapshots
North America Phenolic Resin Market Size
North America Phenolic Resin Market Share
North America Phenolic Resin Market Analysis
North America Phenolic Resin Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.35 billion.
The market is expected to grow at a CAGR of 5.30% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5.30 billion by 2032.
The major market drivers are the increasing usage of phenolic resins in various end-user industries, growing demand for laminates, and rising production of automotive filters with phenolic resins.
The key trends of the market include rising demand for decorative furnishings, technological advancements in phenolic resin, growing construction sector in the region, and increasing use in making circuit boards.
Phenolic resins are thermoset polymers that are synthesised by the reaction of phenol with formaldehyde.
The primary phenolic resin products are resol resins, and novolac resins, among others.
The various applications of the phenolic resin market in North America include paper, fabric, coatings, laminates, filters, and gypsum board, among others.
The major countries in the phenolic resin market in North America are the United States and Canada.
The key market players in North America phenolic resin market, according to the report, are Sumitomo Bakelite North America Holding, Inc., Arclin, Inc., DIC Corporation, Capital Resin Corporation, Ashland Inc., SI Group, Inc, LRBG Chemical, Inc., Akrochem Corporation, and Bakelite Synthetics Group, among others.
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