For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Phenolic resin is the principal binder used in the manufacture of modern friction materials.
Phenolic resins for the friction industry are available as liquids or as powders blended with a cross linking agent (usually hexamine). The properties of these resins may be enhanced by incorporating other polymeric or chemical modifications.
LPI (LP Information)' newest research report, the "Phenolic Resin for Friction Materials Industry Forecast" looks at past sales and reviews total world Phenolic Resin for Friction Materials sales in 2022, providing a comprehensive analysis by region and market sector of projected Phenolic Resin for Friction Materials sales for 2023 through 2029. With Phenolic Resin for Friction Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Phenolic Resin for Friction Materials industry.
This Insight Report provides a comprehensive analysis of the global Phenolic Resin for Friction Materials landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Phenolic Resin for Friction Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Phenolic Resin for Friction Materials market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Phenolic Resin for Friction Materials and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Phenolic Resin for Friction Materials.
The global Phenolic Resin for Friction Materials market size is projected to grow from US$ 1000.7 million in 2022 to US$ 1416 million in 2029; it is expected to grow at a CAGR of 1416 from 2023 to 2029.
Global Phenolic Resin for Friction Materials main players are Sumitomo Bakelite, Hexion, Mitsui Chemicals, DIC Corporation, Shengquan Group, etc. Global top five manufacturers hold a share above 20%. Europe is the largest market, with a share about 30%.
This report presents a comprehensive overview, market shares, and growth opportunities of Phenolic Resin for Friction Materials market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
- Liquid Type (Phenolic Resol Resins)
- Powder Type (Phenolic Novolac Resins)
Segmentation by application
- Automotive
- Railway
- Aeronautics
- Industrial
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Sumitomo Bakelite
- Hexion
- Mitsui Chemicals
- DIC Corporation
- Shengquan Group
- KANGNAM CHEMICAL
- Shandong Laiwu Runda New Material
- Kuentek Cashew
- Sprea Misr
- Zhejiang Hangzhou Friction Composites
Key Questions Addressed in this Report
What is the 10-year outlook for the global Phenolic Resin for Friction Materials market?
What factors are driving Phenolic Resin for Friction Materials market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Phenolic Resin for Friction Materials market opportunities vary by end market size?
How does Phenolic Resin for Friction Materials break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?