Lucintel Forecasts the Phenolic Resins in the Global Composites Market to Reach $224 Million by 2030
Lucintel Forecasts the Phenolic Resins in the Global Composites Market to Reach $224 Million by 2030
Blog Article
According to a market report by Lucintel, the future of the phenolic resins in the global composites market looks promising with opportunities in the automotive, E&E, aerospace and defense, mass transit, construction, and others application. The phenolic resins in the global composites market is expected to reach an estimated $224 million by 2030 from $185 million in 2023 at a CAGR of 3% from 2023 to 2030. The major drivers for this market are high heat resistance, fire resistance, mechanical strength, and cost-effectiveness.
Browse 107 figures/charts and 68 tables in this 205-page report to understand trends, opportunity and forecast in phenolic resins in the global composites market to 2030 by application (automotive, E&E, aerospace and defense, mass transit, construction, others), and region (North America, Europe, Asia Pacific and Rest of the World).
Lucintel forecasts that the automotive segment will remain the largest application segment over the forecast period. Electrical and Electronics is expected to witness the highest growth over the forecast period.
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to growth in application industries such as automotive, aerospace and defense, mass transit, construction, and growing electrical and electronics demand.
Momentive Performance Materials, Sumitomo Bakelite, Georgia Pacific, SI Group, and Ashland are the major suppliers in the phenolic resins in the global composites market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056