Phenolic Resin Prices Today, Price Chart and Forecast Analysis Provided by Procurement Resource

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In the first two quarters of 2023, the phenolic resin market in Asia Pacific declined due to reduced demand from downstream sectors, weak support from feedstock and upstream industries, and falling energy costs. Europe witnessed a gradually falling price trend of phenolic resin due to declining energy costs, reduced support from feedstock, and decreased market activities in adhesives, coatings, and insulation sectors. North America experienced fluctuating prices, influenced by feedstock costs and demand from downstream industries, while stable demand was offset by sufficient product availability. Reduced manufacturing activities also impacted the phenolic resin market negatively in the region.

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Definition

Phenolic resin is a type of synthetic polymer derived from phenol and formaldehyde. It is characterized by its excellent heat resistance, chemical resistance, and electrical insulating properties. Phenolic resin is commonly used in various applications, such as adhesives, coatings, molded parts, and electrical components. It finds use in industries like automotive, electronics, construction, and aerospace, where its combination of properties makes it suitable for high-temperature and harsh environments. Phenolic resins are valued for their durability and fire-retardant qualities, making them a preferred choice for a wide range of industrial and commercial applications.

Key Details About the Phenolic Resin Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Phenolic Resin in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Phenolic Resin Price chart, including India Phenolic Resin price, USA Phenolic Resin price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting the Phenolic resin Price Trend:

Price-Trend

The Phenolic Resin Price Trend exhibits fluctuations influenced by market dynamics. Phenolic Resin Prices reflect its versatile applications across industries. In the adhesive sector, it ensures robust bonding for wood and laminates. As a coating material, it enhances metal coatings with corrosion resistance and thermal insulation, as depicted in the Phenolic Resin Price Index. Construction relies on its fire-resistant properties for insulation boards and composites, evident in the Phenolic Resin Price Chart. Its electrical insulating features benefit circuit boards and insulators. In automotive and aerospace domains, Phenolic Resin Price Graph reflects its pivotal role in heat resistance, chemical resilience, and mechanical strength for enhanced performance and reliability in friction materials and parts.

Key Players:

  • Hexcel Corporation
  • Bakelite Synthetics
  • Ashland Global Holdings Inc
  • BASF SE
  • Allnex GmbH
  • Akrochem Corporation
  • Kraton Corporation

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.

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