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Lucintel Anticipates Phenolic Resin Market In The Global Composites Industry To Grow
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The phenolic resin market in global composite industry is expected to grow with a CAGR of 6.4% over the 2014-2019. One of the major drivers of the phenolic resin in the global composite industry is stringent regulations related to fire, smoke, and toxic gases emission in the European mass transit industry. Phenolic fiber-reinforced plastic is lighter and more corrosion-resistant than metals, and has the edge over fire-retardant vinyl ester for structural applications in oil and gas industry and transportation. The increasing penetration of phenolic resin based composites in aircraft interior components is also expected to drive the demand in the future.
Lucintel, a leading global management consulting and market research firm, has analyzed the global phenolic resin market by application, processing techniques, and region, and has come up with a comprehensive research report, “Opportunities for Phenolic Resin in Global Composites Industry 2014-2019 Trend, Forecast, and Opportunity Analysis.” This report provides an analysis of the global phenolic resin market in the global composites industry including the market trends, growth opportunities, key drivers and challenges, emerging trends, unmet needs, and company profiles of the leading suppliers in the market. The study also includes phenolic resin market forecasts in the global composite industry through 2019, segmented by regions, applications, and processing techniques as follows:
The phenolic resin market in the global composite industry by regions:
• North America
• Asia Pacific
• Rest of World
The phenolic resin market in the global composite industry by applications:
• Aerospace and defense
• Mass transit
The phenolic resin market in the global composite industry processing techniques:
• Compression molding
• Prepreg molding
• Hand layup
On the basis of its comprehensive research, Lucintel forecasts that majority of the segments for the phenolic resin market in the global composite industry will have average growth during 2014-2019. The automotive segment is growing at a greater pace than the construction, E&E as well as rest of the segments. The mass transit and aerospace industries have a strong potential for growth pushed by requirements of fire, smoke, and toxic gas emission control. The growing demand of automotive components and household appliances from emerging economies such as China, India, and the Middle Eastern countries is anticipated to boost the market. Momentive Specialty Chemicals Inc., Sumitomo Bakelite Co. Ltd., Georgia Pacific Chemicals LLC, SI Group Inc., and Ashland Inc. are among the major suppliers of phenolic resin in the global composite industry.
This 257-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/ or via email at email@example.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com . You can also contact us through Live Chat in its website to answer your questions in real time. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Market Entry Strategy, Due Diligence and Strategic Growth Consulting.
Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.
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