Press release
Global Consumption Of Epoxy Phenol Novolac Increases From 23840 MT In 2013 To 29116 MT In 2017
Epoxy phenol novolac (EPN) resins contain more than two epoxy groups per molecule and are therefore described as multifunctional epoxy resins. In other word they are polyepoxides obtained by reacting a phenolic novolac resin with epichlorohydrin. When cured, they provide a high cross-link density due to the increased epoxy functionality.
Typically, EPN resins are used in high temperature resistant adhesives, corrosion resistant marine coatings, maintenance coatings, industrial coatings, tank linings, pipe coatings, primers in automotive, coil & appliances, manufacturing of epoxy vinyl esters, etc.
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Global Epoxy Phenol Novolac Market: Forecast by Type / Application / Region
The major players in global Epoxy Phenol Novolac market include: Huntsman, GP Chemicals, Aditya Birla Group, DOW, Hexion Inc., DIC, Momentive, Emerald Performance Materials, Kukdo Chemical Industry, CORCHEM, A&C Catalysts, NanYa Plastics, BlueStar, Sanmu Group.
On the basis of product, the Epoxy Phenol Novolac market is primarily split into: Epoxy Phenol Novolac Solid, Epoxy Phenol Novolac Solution.
On the basis on the end users/applications, this report covers: Adhesives, Protective Coatings, Composite Materials , Others.
The global Epoxy Phenol Novolac industry has a rather high concentration. The major manufacturers are concentrated in USA, Europe, China and Korea, such as BlueStar, NanYa Plastics, DOW, Huntsman and Aditya Birla Group. At present, Huntsman is the world leader, holding 11.91% production market share in 2017.
The global consumption of Epoxy Phenol Novolac increases from 23840 MT in 2013 to 29116 MT in 2017, at a CAGR of more than 5.12%. In 2017, the global Epoxy Phenol Novolac consumption market is led by USA and USA is the largest region consumption market, accounting for about 29.04% of global consumption of Epoxy Phenol Novolac.
Epoxy Phenol Novolac downstream is wide and recently Epoxy Phenol Novolac has acquired increasing significance in various fields of Adhesives, Protective Coatings, Composite Materials and others. Globally, the Epoxy Phenol Novolac market is mainly driven by growing demand for Composite Materials. Composite Materials account for nearly 37.03% of total downstream consumption of Epoxy Phenol Novolac in global.
Epoxy Phenol Novolac can be mainly divided into Epoxy Phenol Novolac Solid and Epoxy Phenol Novolac Solution which Epoxy Phenol Novolac Solid captures about 76.06% of Epoxy Phenol Novolac market in 2017. According to our research and analysis, manufacturers from USA are the major leaders in the international market of Epoxy Phenol Novolac.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, Epoxy Phenol Novolac consumption will show a trend of steady growth. In 2024 the consumption of Epoxy Phenol Novolac is estimated to be 42696 MT. On product prices, the slow downward trend in recent years will maintain in the future.
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Related Information:
United States Epoxy Phenol Novolac Market 2018 Forecast to 2023
Europe Epoxy Phenol Novolac Market 2018 Forecast to 2023
North America Epoxy Phenol Novolac Market 2018 Forecast to 2023
Asia-Pacific Epoxy Phenol Novolac Market 2018 Forecast to 2023
China Epoxy Phenol Novolac Market 2018 Forecast to 2023
EMEA Epoxy Phenol Novolac Market 2018 Forecast to 2023
Global Epoxy Phenol Novolac Market 2018 Forecast to 2023
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