Lucintel Forecasts The Global South East Asian Phenolic Resin Market To Reach $576 Million By 2030

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According to a market report by Lucintel, the future of the global South East Asian phenolic resin market looks promising with opportunities in construction, transportation, electrical and electronics, furniture, and industrial end uses. The global South East Asian phenolic resin market is expected to reach an estimated $576 million by 2030 from $428 million in 2023 at a CAGR of 4% from 2023 to 2030. The major drivers for this market are increasing use of heat resistance, corrosion and chemical resistance materials in construction and transportation industry.
Browse 82 figures/charts and 25 tables in this 126-page report to understand trends, opportunity and forecast in South East Asian phenolic resin market to 2030 by application (wood adhesive, molding compounds, laminates, insulation, coating, paper impregnation, and others), type (resol phenolic resin and novolac phenolic resin), end use (construction, transportation, electrical and electronics, furniture, industrial and others), and country (Thailand, Singapore, Malaysia, Indonesia, Philippines, Vietnam and Others).
Lucintel forecasts that transportation will ...
... remain the largest end use segment over the forecast period due to increasing demand for heat resistant material, low-cost material, and manufacturing of high-performance composites. Electrcial and electronics is expected to witness highest growth over the forecast period.
Caoting is expected to witness highest growth over the forecast period.
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Thai GCI Resitop Co. Ltd, Malayan Adhesives and Chemicals Snd. Bhd., Formal Chemical (M) Snd. Bhd., Jowat Adhesives, Sumitomo Bakelite Co. Ltd, DIC Corporation, Asta Chem, Pt. Intanwijaya International Tbk, Itochu, Thailand, Aica Kogyare are the major suppliers in the South East Asian phenolic resin market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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