Resol Resin Market Growth, Consumption Analysis, Forecast by Manufacturers
Posted by Sujeet Nakade on October 18th, 2019
Resol resins are made up of a basic (alkaline) catalyst and a molar excess of formaldehyde. They are known as thermosetting polymers which can cure effectively and efficiently without adding any other catalyst such as heat. It is used for the purpose of gluing and bonding building materials. It is used in several applications including laminations, insulation and wood working adhesives among others.
Global Resol Resin Market is expected to registering a steady CAGR of 2.8% in the forecast period of 2019-2026. The high growth of this market is due to the high chemical and mechanical properties as compared to other resins.
Key Market Competitors:
Few of the major competitors currently working in global resol resin market are BASF SE, Chang Chun Group, Georgia-Pacific Chemicals LLC, Mitsui Chemicals Inc., Shandong Laiwu Runda New Material Co., Ltd., DIC Corporation, Fenolit d.d., RED AVENUE, UCP Chemicals AG, Aica Kogyo Co., Ltd., LERG SA., Saluc, MRI, Sprea Misr and Sumitomo Bakelite Co., Ltd among others.
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Global resol resin market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of resol resin market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Resol Resin Market
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About the AuthorSujeet Nakade
Joined: September 25th, 2019
Articles Posted: 332
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