North America Phenolic Resin Market is expected to reach at USD 5120.00 Mn by 2027 at a CAGR of 6.26% over forecast period 2020-2027.

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An upsurge in automobile filter sales on account of a revitalized automotive industry in the U.S. is a major driving factor for phenolic resins market. By type Resol Resin is leading the North American Phenolic Resin market. Resol resin type segment was valued at USD xx Mn in 2019 and is expected to reach at xx% Mn by 2027 at a CAGR of 6.34%. Growth in this segment is mainly attributed to its extensive use in cooling & bonding building materials. Water soluble resols, that is, condensation products of phenol and formaldehyde are primarily used as adhesives for wood or wood chips, as binders for organic & inorganic fibers and for granular materials such as sand.

Countrywide North America market is segmented into United States and Canada. The U.S. phenolic resins led the North America industry and consumed over 70% of the regional volume in 2019. The U.S. market is expected to reach at 3594.24 Mn by 2027 at a CAGR of 6.30%. Various applications such as wood adhesives, molding compounds, and insulation are generating high demand for United States phenolic resin market. Among all these applications Wood adhesive application segment is leading the North America Phenolic Resin market and is expected to reach at xx% Mn by 2027 at a CAGR of 6.97%.

The stringent regulations of U.S. government regarding emission levels & hazardous pollutants under the National Emission Standards for Hazardous Air Pollutants (NESHAP) to reduce the detrimental impact of phenols, formaldehyde & their derivatives on the environment & human health are restraining the market growth of this region.

Canada phenolic resin market was valued at 945.00 Mn and is expected to reach at USD xx% Mn by 2027 at a CAGR of 6.17% over forecast period. Domestic manufacturing of engineered wood products and construction related materials on account of economic recovery in the Canada is boosting phenolic resin demand in building & furniture applications. Moreover, government regulations for building energy efficient buildings is expected to boosting the Canada phenolic resin market.

The objective of the report is to present a comprehensive analysis of the North America Phenolic Resin Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding North America Phenolic Resin Market dynamics, structure by analyzing the market segments and project the North America Phenolic Resin Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the North America Phenolic Resin Market make the report investor’s guide.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

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North America Phenolic Resin Market, by Type

• Resol Resin
• Novolac Resin
• Others
North America Phenolic Resin Market, by Application

• Wood Adhesives
• Molding
• Foundry
• Insulation
• Laminates
• Others
North America Phenolic Resin Market, by End-User Industry

• Electrical & Electronics
• Automotive
• Building & Construction
• Others
North America Phenolic Resin Market, by Country

• United States
• Canada
Major suppliers in the North American market

• INEOS
• Kessler Chemicals
• KPL International Ltd.
• PTTGC America LLC.
Major Phenolic resin market manufacturers in North America

• DIC Corporation
• Hexcel Corporation
• Arizona Chemical
• Kolon Industries
• Georgia-Pacific Chemicals
• 3M Company
• Owens Corning
• Arclin Inc.
• Olympic Panel Products LLC.
• Hardwoods Inc.
• INEOS
• Kessler Chemicals
• PTTGC America LLC
• AO Precision Manufacturing
• Bakelite Synthetics
• ISOVOLTA Aviation & Transportation
• EPOXY TOPS

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