According to Fact.MR's recently published report on phenolic resins, the global market is expected to reach a valuation of USD 14,685.1 million in 2022, with a compound annual growth rate (CAGR) of around 5.4% between 2022 and 2032. Furthermore, Fact.MR projects the global phenolic resins market to exceed USD 24,782.1 million by the end of 2032. This growth is attributed to the building and construction as well as the electrical and electronics industries.



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