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Market Analysis and Insights: Global Phenolic Resin for Friction Materials Market
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.
Due to the COVID-19 pandemic, the global Phenolic Resin for Friction Materials market size is estimated to be worth US$ 1023 million in 2022 and is forecast to a readjusted size of US$ 1435.6 million by 2029 with a CAGR of 4.9% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Liquid Type (Phenolic Resol Resins) accounting for % of the Phenolic Resin for Friction Materials global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Automotive segment is altered to an % CAGR throughout this forecast period.
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%.
Global Phenolic Resin for Friction Materials Scope and Market Size
The global Phenolic Resin for Friction Materials market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Phenolic Resin for Friction Materials market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.
Segment by Type
Liquid Type (Phenolic Resol Resins)
Powder Type (Phenolic Novolac Resins)
Segment by Application
Automotive
Railway
Aeronautics
Industrial
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Sumitomo Bakelite
Hexion
Mitsui Chemicals
DIC Corporation
Shengquan Group
KANGNAM CHEMICAL
Shandong Laiwu Runda New Material
Kuentek Cashew
Sprea Misr
Zhejiang Hangzhou Friction Composites
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.
Due to the COVID-19 pandemic, the global Phenolic Resin for Friction Materials market size is estimated to be worth US$ 1023 million in 2022 and is forecast to a readjusted size of US$ 1435.6 million by 2029 with a CAGR of 4.9% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Liquid Type (Phenolic Resol Resins) accounting for % of the Phenolic Resin for Friction Materials global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Automotive segment is altered to an % CAGR throughout this forecast period.
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%.
Global Phenolic Resin for Friction Materials Scope and Market Size
The global Phenolic Resin for Friction Materials market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Phenolic Resin for Friction Materials market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.
Segment by Type
Liquid Type (Phenolic Resol Resins)
Powder Type (Phenolic Novolac Resins)
Segment by Application
Automotive
Railway
Aeronautics
Industrial
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Sumitomo Bakelite
Hexion
Mitsui Chemicals
DIC Corporation
Shengquan Group
KANGNAM CHEMICAL
Shandong Laiwu Runda New Material
Kuentek Cashew
Sprea Misr
Zhejiang Hangzhou Friction Composites
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