Product
Phenolic Resin Price Trend and Forecast
Phenolic Resin Price Trend and Forecast
Regional Market Overview
Get the latest insights on price movement and trend analysis of Phenolic Resin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Phenolic Resin Price Trend for the First Half of 2023
Asia
The phenolic resin market in the first two quarters declined in the Asia Pacific region as the demand from the downstream sector moved southwards, with a notable decline in the number of new inquiries. In addition to this, the feedstock market, along with the upstream industries, provided weak support. The falling energy costs and the global slowing down of the economy also caused the price trend of phenolic resin to fall in H1’2023.
Europe
A gradually falling trajectory of the prices of phenolic resin was observed in the European region. The market in this region suffered from the consistently falling energy costs and reduction in support from the feedstock market. Additionally, the demand from the end-user industries and the drop in the market activities of the adhesives, coatings, and insulation sectors caused the trend of phenolic resin to move southwards.
North America
In North America, the price trend of phenolic resin fluctuated throughout the first and second quarters of 2023. The major influencing factors in determining the direction of the phenolic resin market were the cost of feedstock materials and demand from the downstream sectors. The rising cost of feedstocks supported the trend of phenolic resin, but the stable demand from the downstream industries was countered by the sufficient availability of the product in the region. In addition, the manufacturing sector reduced its activities, impacting the phenolic resin market negatively.
Analyst Insight
According to Procurement Resource, the price trend of phenolic resin is estimated to showcase a volatile trend as the feedstock prices and demand from the end-user industries are estimated to fluctuate.
Procurement Resource provides latest prices of Phenolic Resin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
A synthetic polymer called phenolic resin is produced when phenol reacts with an aldehyde, usually formaldehyde. It is appropriate for a wide range of applications as it has outstanding heat and chemical resistance. They are frequently used in the production of molded goods, including kitchenware, circuit boards, electrical components, and automobile parts. Because of their powerful bonding abilities, they are also utilized as binders, varnishes, and adhesives. Due to its durability and flame-retardant properties, phenolic resins are also used in consumer products, construction, and aerospace industries.
Product Details
| Report Features | Details |
| Product Name | Phenolic Resin |
| Synonyms | Phenol-formaldehyde resins, PF resins |
| Industrial Uses | Aerospace and defense, Rubber industry, Wood-based products, Filtrations, Coatings and adhesives, Automotive industries |
| HS Code | 39094000 |
| CAS Number | 9003-35-4 |
| Supplier Database | Hexcel Corporation, Bakelite Synthetics, Ashland Global Holdings Inc, BASF SE, Akrochem Corporation, Georgia- Pacific Chemicals, Kraton Corporation |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
The mixture of phenol and formaldehyde are stirred and heated till 60°C and then the reaction undergoes refluxing till around 98°C. This mixture is then added to methanol for dilution once the water has been removed from the vessel base and as a result, phenolic resin is produced as the final product.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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