Over the past few year, factors such as Growing Automotive Industry in Asia-Pacific have contributed to the development of the Global Phenolic Resins  market.

Undoubtedly, Rising demand for Phenolic Resin for Insulation of Automobiles and Electronics is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global Phenolic Resins  market is expected to make a significant contribution growing at a CAGR of 5.3%.

AMA research has engaged in the competitive assessment of China & Global Phenolic Resins  Vendors for 5 years. “The Top 10 Competitive Vendors in the Phenolic Resins  in 2022” clearly displays the competitive situations of main Phenolic Resins  Vendorsin 2022. The research shows that companies in top 10 list are divided up by dominating countries, namely, United States occupying half of the list showcasing strong market competitive advantage.

The End User, such as Automotive, is boosting the Phenolic Resins  market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

With the multiple advantages of technology, cost and service, many major Vendors such as Hexion Inc. (United States), Hitachi Chemical Co. Ltd. (Japan), Sumitomo Bakelite Co. Ltd. (Japan), BASF SE (Germany), SI Group Inc. (United States), DIC Corporation Inc. (Japan), Kolon Industries Inc. (South Korea), Shandong Laiwu New Material Co. Ltd (China), Changshu South-East Plastic Co., Ltd. (China) and Bakelite Synthetics (United States) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global Phenolic Resins  industry. It is understood that currently domestic Phenolic Resins  players has been massively used by players in North America.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Vendors wants to expand into other areas of the market value chain fundamentally determines its strategy.

Phenolic resins identified in this section may be safely used as the food-contact surface of molded articles intended for repeated use in contact with nonacid food (pH above 5.0), in accordance with the following prescribed conditions: and (a) For the purpose of this section, the phenolic resins are those produced when one or more of the phenols listed in paragraph (a)(1) of this section are made to react with one or more of the aldehydes listed in paragraph (a)(2) of this section, with or without aniline and/or anhydro-formaldehyde aniline (hexahydro-1, 3,5-triphenyl-s-triazine)

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Phenolic Resins  market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Data Triangulation
The overall Phenolic Resins  market size is calculated using market estimation process, the Phenolic Resins  market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Phenolic Resins  market size has been validated using both top-down and bottom-up approaches.