Epoxy Phenol Novolac Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
21042 | Date :
Jan, 2023 | Pages :
180 | Region : Global |
Publisher : RI
Epoxy phenol novolac (EPN) resins contain more than two epoxy groups per molecule and are therefore described as multifunctional epoxy resins. In other words they are polyepoxides obtained by reacting a phenolic novolac resin with epichlorohydrin. When cured, they provide a high cross-link density due to the increased epoxy functionality.
Typically, EPN resins are used in high temperature resistant adhesives, corrosion resistant marine coatings, maintenance coatings, industrial coatings, tank linings, pipe coatings, primers in automotive, coil & appliances, manufacturing of epoxy vinyl esters, etc.
In 2014, US is the largest epoxy phenol novolac production area in the world, accounting for 42.33% of global production with an average annual growth rate of 5.07%. Asia (Except China) is second, producing 22804 MT (22.51% share). Taiwan and Thailand are the main production bases in Asia. The total annual production capacity of epoxy phenol novolac producing countries is 101290 MT in 2014.
The epoxy phenol novolac major manufacturers are Huntsman, GP Chemicals, Aditya Birla Group, DOW, Hexion Inc., DIC, Momentive, Emerald, Performance Materials, Kukdo Chemical Industry, CORCHEM, A&C Catalysts, NanYa Plastics, etc. China only has a few manufacturers like BlueStar, SanMu Group and SINOPEC can produce epoxy phenol novolac.
The epoxy phenol novolac is mainly used in the adhesives, protective coatings, composite materials industries, etc. US is the main consumption market share of epoxy phenol novolac which holds 32.22% in 2014. China is the second consumption while China mainly relies on importing from Thailand, US, EU, etc. In recent years, the China consumption volume market share is gradually increasing from 26.59% in 2010 to 28.74% in 2014.
The Global Epoxy Phenol Novolac Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
As the report focuses on global Epoxy Phenol Novolac Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Huntsman
GP Chemicals
Aditya Birla Group
DOW
Hexion Inc.
DIC
Momentive
Emerald Performance Materials
Kukdo Chemical Industry
CORCHEM
A&C Catalysts
NanYa Plastics
BlueStar
SanMu Group
SINOPEC
In Market segmentation by geographical regions, the report has analyzed the following regions- North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Phenol Type Epoxy Phenol Novolac
O-Cresol Type Epoxy Phenol Novolac
Bisphenol A Type Epoxy Phenol Novolac In Market segmentation by applications :
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Epoxy Phenol Novolac Market for the forecast period 2023 - 2030?
• What are the driving forces in the Epoxy Phenol Novolac Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Epoxy Phenol Novolac industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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