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Phenol-Formaldehyde Resin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23336
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Phenol-Formaldehyde Resin Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Phenol-Formaldehyde Resin | Polymer & Resin | USA | 3085 USD/MT |
| Phenol-Formaldehyde Resin | Polymer & Resin | Belgium | 3403 USD/MT |
The price of phenol-formaldehyde resin in the United States for Q4 2023 reached 3085 USD/MT in December.
The quarter-ending price for phenol-formaldehyde resin in Belgium was 3403 USD/MT in December 2023.
Phenol-Formaldehyde Resin Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Phenol-Formaldehyde Resin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of phenol-formaldehyde resin pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of phenol-formaldehyde resin at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of phenol-formaldehyde resin price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing phenol-formaldehyde resin price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Phenol-Formaldehyde Resin Market Analysis
The global phenol-formaldehyde resin market size reached 281.205 Tons in 2023. By 2032, IMARC Group expects the market to reach 412.53 Tons, at a projected CAGR of 4.35% during 2023-2032.
- The increase in global construction activities, particularly in emerging economies, is driving the demand for phenol-formaldehyde resins. These resins are widely used in plywood and laminates, essential materials in construction projects.
- The automotive industry's expansion, driven by the demand for lightweight and durable materials, fuels the need for phenol-formaldehyde resins. These resins are crucial in manufacturing brake linings, clutch plates, and various automotive components.
- The surge in the electronics sector, characterized by the growing production of consumer electronics and electrical equipment, boosts the market for phenol-formaldehyde resins. These resins are used in the production of insulating materials and circuit boards.
- The rising consumer demand for durable and heat-resistant household appliances propels the market for phenol-formaldehyde resins. These resins provide the necessary durability and thermal stability in the manufacturing of appliances.
- The increasing need for high-performance and corrosion-resistant coatings in various industries accelerates the use of phenol-formaldehyde resins. These resins offer excellent adhesive properties and enhance the longevity of coated surfaces.
- The growth of the furniture industry, driven by increasing urbanization and consumer spending, supports the demand for phenol-formaldehyde resins. These resins are extensively used in manufacturing wood adhesives and composite panels.
- Continuous technological advancements in resin production processes improve the quality and application range of phenol-formaldehyde resins. Innovations lead to the development of more efficient and eco-friendly resin formulations.
- Government regulations emphasizing the use of durable and sustainable materials in various applications encourage the adoption of phenol-formaldehyde resins. These resins meet stringent performance and environmental standards.
- The expansion of the renewable energy sector, particularly in wind energy, necessitates the use of strong and durable materials. Phenol-formaldehyde resins are used in the manufacturing of wind turbine blades and other components.
- The industry shift towards sustainability and the development of bio-based phenol-formaldehyde resins drive market growth. These eco-friendly alternatives align with global efforts to reduce environmental impact.
Phenol-Formaldehyde Resin News
The report covers the latest developments, updates, and trends impacting the global phenol-formaldehyde resin market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in phenol-formaldehyde resin production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the phenol-formaldehyde resin price trend.
Latest developments in the phenol-formaldehyde resin industry:
- September 05, 2023: Bakelite Synthetics unveiled a conclusive agreement to purchase LRBG Chemicals, a distinguished resin manufacturer and innovator based in Canada. Operating out of Longueuil, a district in Montreal, Quebec, LRBG Chemicals brings significant value to the table.
- October 16, 2023: Sumitomo Bakelite, a Japanese chemical manufacturing giant, has agreed to acquire a 90% stake in a newly formed company created from the division of Asahi Kasei Pax's film business. This move follows Asahi Kasei Pax's recent decision to dissolve its wholly owned subsidiary, Asahi Kasei Pax, marking a significant shift in its business strategy.
Product Description
Phenol-formaldehyde resin, commonly known as phenolic resin, is a synthetic polymer produced through the condensation of phenol with formaldehyde. This resin is characterized by its excellent thermal stability, mechanical strength, and resistance to various chemicals and water, making it a valuable material in numerous industrial applications. It is widely utilized in the production of molded products, coatings, adhesives, and laminates. Phenolic resins are particularly noted for their application in the manufacturing of circuit boards, brake linings, and insulation materials due to their high heat resistance and insulating properties.
Additionally, the resin can be further classified into two types such as novolacs and resoles, depending on the phenol-to-formaldehyde ratio and the reaction conditions. Novolacs require a curing agent to form a hardened product, while resoles can cure without additional agents. The versatility and durability of phenol-formaldehyde resin have cemented its role in the development of high-performance materials across various sectors, including the automotive, electronics, and construction industries.
Regional Coverage
The report provides a detailed analysis of the phenol-formaldehyde resin market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the phenol-formaldehyde resin price trend.
Global Phenol-Formaldehyde Resin Price
The report offers a holistic view of the global phenol-formaldehyde resin pricing trends in the form of phenol-formaldehyde resin price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of phenol-formaldehyde resin but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed phenol-formaldehyde resin demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Phenol-Formaldehyde Resin Price
European phenol-formaldehyde resin prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed phenol-formaldehyde resin price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Phenol-Formaldehyde Resin Price
The analysis of phenol-formaldehyde resin prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific phenol-formaldehyde resin historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Phenol-Formaldehyde Resin Price
The report explores the phenol-formaldehyde resin pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on phenol-formaldehyde resin prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Phenol-Formaldehyde Resin Price
The phenol-formaldehyde resin pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This phenol-formaldehyde resin price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Phenol-Formaldehyde Resin Price
The analysis of phenol-formaldehyde resin prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Phenol-Formaldehyde Resin |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Phenol-formaldehyde resin Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of phenol-formaldehyde resin pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting phenol-formaldehyde resin price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The phenol-formaldehyde resin price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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