#Industrial Phenols Market

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Industrial Phenols Market Size and Share Analysis: Key Growth Trends and Projections

Industrial Phenols Market Strategies: Taking Advantage of Trends to Drive Growth in 2032

The Industrial Phenols Market Report provides essential insights for business strategists, offering a comprehensive overview of industry trends and growth projections. It includes detailed historical and future data on costs, revenues, supply, and demand, where applicable. The report features an in-depth analysis of the value chain and distributor networks.

According to Straits Research, the global Industrial Phenols Market market size was valued at USD 16.83 billion in 2023. It is projected to reach from USD 17.64 billion in 2024 to USD 25.81 billion by 2032, growing at a CAGR of 4.87% during the forecast period (2024–2032).

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TOP Key Industry Players of the Industrial Phenols Market

Aditya Birla Chemicals

Bayer Material Science

PTT Phenol

Shandong Sheng Quan Chemicals Co. Ltd.

ALTIVIA Chemicals, LLC

Ineos AG

Domo Investment Group Nv

Deepak Nitrite Limited

CEPSA Química, S.A.

PTT Global Chemical Public Company Limited

Solvay SA

Mitsui Chemicals, Inc

AdvanSix Inc.

Royal Dutch Shell plc

Global Industrial Phenols Market: Segmentation

As a result of the Industrial Phenols market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts. 

By Manufacturing Process

Cumene Process

Raschig Process

Dow Process

By Phenol Derivative

Bisphenol A (BPA)

Alkyl Phenols

Chlorophenols

Caprolactam

Salicylic Acid

By Applications

Plastic Manufacturing

Electronics

Automobiles

Cosmetics

Disinfectant

Others

Browse Full Report and TOC @ https://straitsresearch.com/report/industrial-phenols-market/request-sample

Reasons for Buying This Report:

Provides an analysis of the evolving competitive landscape of the Automatic Rising Arm Barriers market.

Offers analytical insights and strategic planning guidance to support informed business decisions.

Highlights key market dynamics, including drivers, restraints, emerging trends, developments, and opportunities.

Includes market estimates by region and profiles of various industry stakeholders.

Aids in understanding critical market segments.

Delivers extensive data on trends that could impact market growth.

Research Methodology:

Utilizes a robust methodology involving data triangulation with top-down and bottom-up approaches.

Validates market estimates through primary research with key stakeholders.

Estimates market size and forecasts for different segments at global, regional, and country levels using reliable published sources and stakeholder interviews.

About Straits Research

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[chemicalmarketwatch-sp]

Phenolic Resin Market: A Multifaceted Gem for Chemical Industry Professionals

The global phenolic resin market is a shining example of resilience and adaptability in the chemical industry. Valued at USD 11.7 billion in 2021, it's projected to reach a cool USD 14.4 billion by 2026, driven by a steady 4.3% CAGR. This growth isn't just happenstance; it's fueled by a potent cocktail of factors that make phenolic resins a true gem for chemical professionals.

Unveiling the Allure of Phenolic Resins:

Phenolic resins aren't your average Joe. They boast a unique blend of properties that make them the envy of the chemical world:

Heat Resistant Hero: Think scorching temperatures. Phenolic resins shrug them off with ease, making them ideal for automotive parts and electrical components that need to withstand the heat.

Molding Master: Need a resin that can be shaped into intricate forms? Phenolic resins are your go-to. They readily conform to your desired design, making them perfect for construction materials and insulation panels.

Strength in Numbers: Don't underestimate the brawn of phenolic resins. They possess impressive mechanical strength, making them the backbone of durable adhesives, wood panels, and foundry binders.

Smoke Signals of Safety: When things get hot, phenolic resins keep their cool. They emit minimal smoke, ensuring safety in applications like aircraft interiors and fire-resistant materials.

Polymer Playmate: Phenolic resins are team players. They blend seamlessly with other polymers, expanding their application possibilities and boosting their versatility.

Riding the Wave of Growth:

The allure of phenolic resins extends beyond their intrinsic properties. They're riding a wave of growth fueled by several megatrends:

Automotive Boom: The quest for fuel-efficient and lightweight vehicles is music to the ears of phenolic resin manufacturers. These resins enable lighter cars through their use in adhesives, reducing weight and emissions.

APAC's Ascendancy: The Asia-Pacific region, with its booming construction and automotive sectors, is becoming a hotbed for phenolic resins. China, India, and Indonesia are leading the charge, creating a vast and dynamic market.

Seizing the Opportunity:

Despite these headwinds, the future of phenolic resins is bright. Here's how chemical professionals can capitalize on this potential:

Innovation Incubator: Develop novel phenolic resin formulations that address specific industry needs and comply with environmental regulations. Think flame-retardant resins for construction or bio-based resins for sustainable solutions.

Target the Titans: Align your offerings with the booming automotive and construction sectors in APAC. Develop lightweighting solutions for cars and durable materials for infrastructure projects.

Streamline the Symphony: Optimize production processes and forge strong relationships with suppliers to mitigate the impact of volatile raw material costs.

Collaboration is Key: Partner with other industry players to develop advanced applications for phenolic resins, like self-healing composites or 3D printing materials.

Inquire  Before Buying : 

By embracing these strategies and capitalizing on the unique properties and growth potential of phenolic resins, chemical professionals can carve out a niche in this dynamic and rewarding market. Remember, the future is bright for those who can adapt, innovate, and collaborate in the ever-evolving world of chemicals.

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Global Industrial Phenolic Resin Market.

Global Industrial Phenolic Resin industry vary by region and are important and expanding. Below is a quick summary of the industry's regional analysis.

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The global Phenolic Resin Market is estimated at USD 11.7 Billion in 2021 and is projected to reach USD 14.4 Billion by 2026, at a CAGR of 4.3% between 2021 and 2026. Phenolic resins are the oldest synthetic polymers obtained from the reaction of phenol and formaldehyde. They are a class of thermosetting resins.

[cmisayali]

Throat Lozenges: Alleviating Sore Throats New Findings Offer Promising Relief

What are Throat Lozenges?

Cough drop are medicated candy-like tablets that are designed to provide quick relief to coughs or sore throats. They dissolve slowly in the mouth, allowing the ingredients to coat and soothe the throat. Key Ingredients in Throat Lozenges

Throat Lozenges generally contain one or more of the following active ingredients that work to relieve throat irritation : Anesthetics - Such as benzocaine or phenol aid in numbing throat pain. They work topically to reduce throat sensitivity. Anti-inflammatory Agents - Like menthol or eucalyptus oil work by reducing inflammation. They promote mucus drainage to clear congestion. Demulcents - Materials like honey or glycerin coat the throat lining. They protect it from further irritation when swallowing or coughing. Antibiotics - Lozenges containing tetracycline are occasionally prescribed for bacterial throat infections. They treat specific infections. How do Throat Lozenges Work?

When a throat lozenge dissolves in the mouth, its active ingredients are released. They coat and numb the throat, reducing discomfort. Specific ingredients may also reduce swelling or treat infections : - Anesthetics temporarily numb painful areas, blocking throat pain signals. - Anti-inflammatory agents decrease swelling in irritated throat tissues. This lessens pain. - Demulcents form a protective film over inflamed areas, shielding them from further irritation. - Antibiotics kill or limit bacterial growth if a strep throat is present. This resolves the underlying cause. The slow dissolving nature also allows the throat to be continuously coated for 30-60 minutes, enhancing relief during that period. Using Cough drop Effectively

For best results, cough drop should be used as per product instructions. Some general tips on their effective use include: - Allow the lozenge to dissolve slowly in the mouth, rather than chewing or swallowing it whole. This ensures maximum coating of the throat. - Suck on the lozenge for at least 15-20 minutes for the ingredients to take maximum effect before swallowing any remnants. - Use lozenges at the first signs of a sore throat, rather than waiting for severe pain. Early action provides prompt symptom relief. - Lozenges work best for recently developed throat irritations. See a doctor for persistent or worsening pain. - Drink plenty of fluids while using lozenges to keep the throat moist. Water is recommended over acidic juices. - Lozenges containing local anesthetics provide temporary pain relief. Seek medical help if symptoms persist beyond a few days. Popular Throat Lozenge Brands

Some globally recognized throat lozenge brands offering effective temporary relief include: - Halls: Known for its menthol and eucalyptus flavors, it soothes and fights germs. - Strepsils: Contains phenol as an active ingredient. It aims to relieve pain from streptococcal sore throats. - Thayers: A honey-based lozenge brand formulated to moisturize and protect the throat naturally. - Chloraseptic: Branded lozenges utilizing benzocaine as an oral anesthetic to numb throat pain. - Cough Drops: A variety of flavored cough drop and drops by Ricola and Fishermans Friend. - Biotene: Specialized lozenges and mouthwashes for dry mouth relief alongside sore throat symptoms. In Summary, cough drop are widely available over-the-counter at pharmacies. They offer a convenient, drug-free way to temporarily relieve common throat afflictions. Using them properly under medical guidance helps maximize symptom comfort.

Get More Insights On - Throat Lozenges

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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[adityacmi]

Industrial Phenols Market Insights and Growth Forecast: Size, Trends, Share, and Forecast to 2031

The global industrial phenols market is experiencing significant growth, with a forecasted increase in market value from USD 17.64 billion in 2025 to USD 26.30 billion by 2033, growing at a steady compound annual growth rate (CAGR) of 5.2% during the forecast period (2025–2033). This growth is attributed to the increasing demand for phenol-based products in various industries, including automotive, construction, and healthcare, along with the expansion of chemical manufacturing capabilities globally.

Market Definition

Industrial phenols refer to a group of chemical compounds that are derived from various sources and processes, predominantly used as intermediates in the production of a wide array of industrial products. Phenols are crucial in manufacturing epoxy resins, polycarbonates, phenolic resins, and other high-performance materials. As a key chemical building block, industrial phenols play an essential role in the production of several chemicals used in automotive, healthcare, electronics, and construction industries.

For a detailed overview and insights into the industrial phenols market, access a full PDF sample copy of the report here: https://straitsresearch.com/report/industrial-phenols-market/request-sample.

Market Dynamics

Key Trends:

Increasing Demand for Epoxy Resins and Polycarbonates: The demand for industrial phenols is being driven by their use in the production of epoxy resins and polycarbonates, which are vital in various industries such as automotive, construction, and electronics. These resins are used in the production of lightweight, durable materials, which is driving their application in the production of car parts and electronics.

Growing Focus on Sustainability in Chemical Manufacturing: With environmental concerns escalating, the chemical industry is shifting toward more sustainable manufacturing processes. The adoption of greener technologies and bio-based phenols is expected to play a pivotal role in shaping the future of the industrial phenols market.

Technological Advancements in Phenol Production: The rise of new technologies for the production of phenols, including advanced catalytic processes, is significantly enhancing the cost-effectiveness and environmental footprint of phenol manufacturing. The move toward more efficient processes and alternatives will impact both supply and demand in the market.

Growth Factors

Several key factors are fueling the expansion of the industrial phenols market:

Rising Demand from Automotive and Construction Sectors: The increasing use of epoxy resins, polycarbonates, and phenolic resins in the automotive and construction industries is driving market growth. These sectors require phenols for high-performance materials, contributing to product development and expansion.

Increasing Production of Pharmaceuticals: Industrial phenols like salicylic acid are in demand for use in the production of pharmaceutical drugs, particularly pain relievers and anti-inflammatory medications. As the global pharmaceutical industry continues to grow, this is a significant driver for the industrial phenols market.

Expansion of the Electronics Industry: The demand for polycarbonates in electronic devices is increasing as the industry requires durable and lightweight materials. Phenols are essential in the production of polycarbonate resins, a key material used in electronic components like casings and displays.

Key Market Opportunities

Emerging Markets in North America and Asia-Pacific: North America, with its expanding automotive, pharmaceutical, and electronics sectors, represents the fastest-growing region for industrial phenols. In contrast, Asia-Pacific remains the dominant region, driven by robust industrial growth, particularly in China and India. These regions present significant opportunities for phenol manufacturers.

Sustainability and Bio-based Phenols: With increasing consumer and regulatory demands for greener alternatives, the adoption of bio-based and sustainable phenol production processes offers opportunities for innovation. Manufacturers investing in these technologies are expected to capture the growing demand for eco-friendly products.

Applications in Healthcare and Pharmaceuticals: As the pharmaceutical industry continues to expand, driven by a rising global healthcare demand, the need for industrial phenols like salicylic acid is growing. The continued use of phenols in over-the-counter medicines presents a significant opportunity in the healthcare sector.

Market Segmentation

The industrial phenols market is segmented based on manufacturing process, product type, application, and end-use, providing a comprehensive overview of market trends and growth opportunities.

By Manufacturing Process:

Cumene Process

Raschig Process

Dow Process

By Product Type:

Bisphenol A (BPA)

Alkyl Phenols

Chlorophenols

Caprolactam

Salicylic Acid

By Application:

Epoxy Resins

Polycarbonates

Nylon

Bakelite

Phenolic Resins

Pharmaceutical Drugs

Others

By End Use:

Automotive & Transportation

Construction

Electronics & Electrical

Textile

Healthcare & Pharmaceuticals

Chemical

Others

For a detailed look at the market segmentation, visit: https://straitsresearch.com/report/industrial-phenols-market/segmentation.

Key Players in the Industrial Phenols Market

Several leading companies are contributing to the industrial phenols market through innovations in production processes, product diversification, and strategic partnerships. Some of the key players in the industrial phenols market include:

Aditya Birla Chemicals

Bayer Material Science

PTT Phenol

Shandong Sheng Quan Chemicals Co. Ltd.

ALTIVIA Chemicals, LLC

Ineos AG

Domo Investment Group NV

Deepak Nitrite Limited

CEPSA Química, S.A.

PTT Global Chemical Public Company Limited

Solvay SA

Mitsui Chemicals, Inc

AdvanSix Inc.

Royal Dutch Shell plc

These companies are leading the charge in production capacity, global distribution, and continuous research into new applications for industrial phenols.

Regional Insights

Asia-Pacific continues to dominate the industrial phenols market due to rapid industrialization, especially in China and India. This region is home to several major chemical manufacturing hubs, making it a significant contributor to the global market.

North America, however, is poised to be the fastest-growing region. With a booming demand for industrial phenols across automotive, electronics, and pharmaceutical sectors, the region presents a major growth opportunity.

Conclusion

The industrial phenols market is poised for significant growth between 2025 and 2033. With applications spanning critical industries such as automotive, healthcare, construction, and electronics, phenols remain indispensable to manufacturing high-performance materials. Innovations in production processes and an increasing focus on sustainability will shape the future of this market. Companies investing in these trends will capitalize on emerging opportunities, driving growth across regions.

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[industrynewsupdates]

A Deep Dive into the Para Nitrochlorobenzene Market: Insights and Analysis

The global para nitrochlorobenzene market size is projected to reach USD 420.7 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.1% over the forecast period. Dyes emerged as the most dominant application of para nitrochlorobenzene (PNCB) in 2019 in terms of revenue on account of growing textile market, especially in the developing countries of Asia Pacific.

China and India are the leading producers of PNCB. The growth in benzene production in China and Southeast Asia is, thus, anticipated to generate feedstock availability for the manufacturers of chlorobenzene and its derivatives. One of the planned capacity expansions is the expansion of the Petronas refinery in Malaysia, which is expected to grow by an additional 667,000 mt/year. Moreover, in May 2019, PetroChina’s Huabei refinery announced an expansion plan to reach 200,000 b/d from 100,000 b/d. These expansions are anticipated to increase the annual benzene supply, especially in Asia, thus benefitting the entire benzene value chain in terms of raw material availability, price, and constant supply.

The benzene supply is anticipated to directly have a positive influence on the production of nitrobenzene, chlorobenzene, styrene, and phenol. Para nitrochlorobenzene is on the third stage of the benzene value chain. Its production is anticipated to be positively influenced by the growth in chlorobenzene production.

In spite of the positive outlook of PNCB production, the consumption is anticipated to be hindered by the stringent regulations on the chemical. Nitrofen and parathion are the active ingredients used in pesticides that are manufactured from para nitrochlorobenzene. Both these chemicals are banned in certain countries mainly due to their insolubility in water, which causes harm to the aquatic life and increases the soil salinity. Thus, demand for para nitrochlorobenzene in pesticide manufacturing is anticipated to grow at a slow pace over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Para Nitrochlorobenzene Market

Para Nitrochlorobenzene Market Report Highlights

• By application, pesticides led the market with a share of 29.5% in 2019 in terms of volume

• Para nitrochlorobenzene and active ingredients manufactured from the chemical are under high scrutiny of various regulatory bodies, which is anticipated to result in slow growth of the product in the agriculture industry with a revenue-based CAGR of 3.8% from 2020 to 2027

• Tire is the major application of rubber and its production has significantly increased in the emerging Asia Pacific countries, including China and India. The rubber chemicals application segment is therefore expected to expand at the fastest revenue-based CAGR of 4.8% from 2020 to 2027

• By end use, the pharmaceuticals segment accounted for 25.3% share of the overall revenue in 2019 and is expected to be the fastest growing segment based on revenue as well as volume over the forecast period

Para Nitrochlorobenzene Market Segmentation

Grand View Research has segmented the global para nitrochlorobenzene market on the basis of application, end use, and region:

Para Nitrochlorobenzene Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Dyes

• Pesticides

• Rubber Chemicals

• Others

Para Nitrochlorobenzene End-Use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Agriculture

• Pharmaceuticals

• Chemicals

• Others

Para Nitrochlorobenzene Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• North America

o U.S

o Canada

o Mexico

• Europe

o Germany

o U.K.

o Italy

o France

• Asia Pacific

o China

o India

o Japan

o South Korea

• Central & South America

o Brazil

o Argentina

• Middle East & Africa

o Saudi Arabia

o South Africa

Order a free sample PDF of the Para Nitrochlorobenzene Market Intelligence Study, published by Grand View Research.

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Phenol Prices: Trend | Pricing | News | Price | Database

The phenol market has been an essential segment within the global chemical industry, driven by its extensive applications across multiple sectors. Phenol, a versatile organic compound, is primarily used in the production of bisphenol A, phenolic resins, and caprolactam, which are essential precursors for manufacturing polycarbonates, epoxy resins, and nylon, respectively. The pricing dynamics of phenol are influenced by several factors, including feedstock costs, demand fluctuations, supply chain disruptions, and macroeconomic conditions. As a derivative of benzene, the cost of phenol is heavily tied to crude oil prices, making it susceptible to global energy market trends. Any significant volatility in crude oil prices has a cascading effect on benzene, subsequently impacting phenol prices. The intricate relationship between these commodities underscores the importance of monitoring upstream markets to understand phenol price movements.

Global demand for phenol has been largely driven by its use in the construction, automotive, and electronics industries. Polycarbonate and epoxy resins, derived from bisphenol A, find extensive application in these sectors due to their durability, strength, and thermal stability. The rapid growth of construction activities and infrastructure development in emerging economies has significantly boosted the consumption of phenol-based products. Similarly, the expansion of the automotive industry, coupled with the increasing demand for lightweight and fuel-efficient vehicles, has augmented the need for phenol derivatives. However, the market also faces challenges, such as environmental concerns associated with phenol production and usage, which have led to stringent regulatory measures in several regions. These regulations often impose additional costs on manufacturers, influencing overall pricing strategies.

Get Real time Prices for Phenol: https://www.chemanalyst.com/Pricing-data/phenol-17

Supply chain dynamics play a pivotal role in determining phenol prices. Disruptions caused by geopolitical tensions, natural disasters, or logistical challenges can lead to supply shortages, creating upward pressure on prices. For instance, plant shutdowns for maintenance or unforeseen outages in major phenol-producing regions can tighten the market, driving up prices. Conversely, an oversupply situation, often resulting from new production capacities or reduced demand, can lead to price declines. The global phenol market has also been witnessing a shift in production capacities, with a growing focus on Asia-Pacific, particularly China and India, as key manufacturing hubs. This regional shift is attributed to the availability of raw materials, cost advantages, and increasing domestic demand, which collectively shape the competitive landscape and pricing trends.

Technological advancements and innovations in phenol production methods have also impacted the market’s pricing structure. The development of more efficient and sustainable production techniques aims to reduce operational costs and environmental footprint, potentially leading to more stable and competitive pricing. Additionally, market players have been investing in research and development to explore alternative feedstocks and improve process efficiencies. Such initiatives are expected to mitigate the impact of fluctuating raw material costs and enhance the overall profitability of phenol production.

Macroeconomic factors, including currency fluctuations, trade policies, and global economic health, also influence phenol prices. Exchange rate variations can affect the competitiveness of phenol exports and imports, thereby impacting regional price disparities. Trade policies, such as tariffs and import-export restrictions, further contribute to the complexity of the phenol market. For instance, trade tensions between major economies or changes in regulatory frameworks can disrupt international trade flows, leading to price volatility. The global economic environment, characterized by growth rates, industrial output, and consumer spending, serves as a broader indicator of phenol demand and pricing trends. During periods of economic downturn, reduced industrial activity and consumer spending typically result in lower demand and softer prices, while economic recovery phases often witness an uptick in demand and firmer pricing.

Sustainability trends and the growing emphasis on circular economy principles have started to influence the phenol market as well. The increasing adoption of bio-based phenol and the recycling of phenolic resins are emerging as potential solutions to address environmental concerns and reduce dependency on fossil-based feedstocks. Although these alternatives are currently at a nascent stage, they hold the potential to reshape the market dynamics and pricing structures in the long term. Market participants are closely monitoring these developments to adapt their strategies and maintain competitiveness in an evolving landscape.

Looking ahead, the phenol market is poised for moderate growth, supported by robust demand from emerging economies and advancements in end-use industries. However, the market’s growth trajectory will depend on its ability to navigate challenges such as regulatory pressures, environmental concerns, and raw material price volatility. Strategic collaborations, capacity expansions, and technological innovations will be critical for market players aiming to strengthen their position and optimize pricing strategies. The interplay of these factors will continue to shape the phenol market, offering opportunities for growth while demanding resilience and adaptability from industry stakeholders.

Get Real time Prices for Phenol: https://www.chemanalyst.com/Pricing-data/phenol-17

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[marketsndata]

Japan Thermoset Plastics Market Analysis 2032

Japan thermoset plastics market is expected to observe a CAGR of 5.38% during the forecast period FY2025-FY2032, rising from USD 5,107.88 million in FY2023 to USD 8,204.15 million in FY2032F. The growth of the market can be attributed to the quick development of the utilization of engineering plastics.

By FY2032, the thermoset plastics market in Japan is anticipated to grow due to the application of thermoset plastics market in Japan, driven by the nation’s ongoing development of its bio-based phenolic resins utilizing lignin and the quick development of integrated molding technology for carbon fiber-reinforced plastic. Therefore, it’s predicted that these developments would raise the need for thermoset polymers in several industries including steel, fertilizers, and the automobile industry.

Due to Japan’s stringent waste management and recycling laws, recycling technology and sustainable thermoset polymers are developing. NIPPON STEEL Chemical & Material Co., Ltd. supplies thermoset resin materials to enhance the durability and corrosion resistance of coatings applied to industrial facilities, bridges, and pipelines. This helps increase the demand for thermoset plastics.

For instance, Mitsui Chemicals Inc. and Microwave Chemical Co., Ltd. are developing chemical recycling technology using microwaves. Microwaves, used as household ovens and telecommunications, can directly and selectively transfer energy to materials, making conventional chemical processes more energy efficient. Environmentally friendly technology can reduce CO2 emissions and generate energy from renewable sources.

Saturated polyester resins, epoxy resins, and polyurethane foam manufacturing have increased significantly in the market, indicating a persistent need for these materials. Recent business changes that may affect the direction of thermoset plastic market in the future include advancements in manufacturing technology and the emergence of eco-friendly alternatives.

For instance, Daicel Corporation, specialist in innovative thermoset plastics solutions, is serving several industries including automotive, electronics, construction, and healthcare. Automotive parts, electrical components, building materials, and medical devices employ phenolic resins, epoxy resins, and polyurethane systems. Due to its concentration on these areas, Daicel is a reliable partner for companies looking for high-performance thermoset plastics solutions. It helps to propel innovation and sustainable growth in Japan’s industrial sector.

Thermoset Plastics Revolutionize Vehicle Lightweighting in EVs

Advance development in lightweight electric vehicles (EVs) has surged Japan’s thermoset plastic market. Players in Japan’s thermoset market are collaborating to develop advanced thermoset resin molding, while companies such as Nissei Plastic aim to optimize the injection pressure, which can help manufacturers create parts with tighter tolerances and improved quality. Overall, Japan’s automotive sector shows a bigger trend towards lightweight vehicles and sustainability, which can significantly impact the EV manufacturing while increasing the demand for thermoset plastics.

For instance, Celanese Corporation has launched two new polyamide solutions for electric vehicle powertrain components and battery applications. The Frianyl PA W-series flame-retardant polyamide solutions enable the production of large, thick-walled components for EV batteries. These solutions improve safety, design, and manufacturing efficiency. Applications include battery module housings and electronic box housings. The Frianyl PA W Series solutions have an excellent relative tracking index even after 1,000 hours of aging at 125 degrees Celsius. They offer remarkable long-term color stability, without visible changes to the naked eye or color laboratory measurements.

Wind Energy Industry Fuels Japan Thermoset Plastics Market Size

Wind energy generation promotes sustainability and economic progress by accelerating income creation through sophisticated recycling techniques in the thermoset plastics market. For instance, according to the Japan Wind Power Association (JWPA), by the end of FY2023, Japan’s total installed wind power capacity reached 5,213.4 MW. Due to breakthrough methods in small-molecule assistance, it is now possible to recycle wind turbine blades with up to 100% resin degradation yield for waste composite materials. Furthermore, as Japan and other countries increase their investments in wind power, using carbon fiber composites may generate economic growth while supporting sustainability in the market.

Increasing Utilization of Epoxy in Thermoset Plastics Dominates Japan Thermoset Plastics Market

Epoxy resins are essential thermoset polymers with unique characteristics and can be used in a wide temperature range. Epoxy has the highest contribution in Japan thermoset plastics market due to increasing use of epoxy in electrical components, paintbrush manufacturing, adhesives for structural usage, metal coatings, and high-tension electrical insulators increasing the demand of epoxy in thermoset plastics market in Japan. For instance, DIC’s epoxy resin curing agent, which can withstand temperatures up to 200 degrees Celsius and is recyclable, makes it easier to remold thermoset plastics, which were previously difficult to recycle.

Adoption of Injection Molding Technology in Japan Thermoset Plastics

As per the processing type, injection molding holds dominant market share due to its increasing usage in thermoset plastics leading to chemical crosslinking and hardening of polymer. Thermoset injection molding equipment generally includes a hydraulically driven clamping device for mold closure and an injection device for conveying materials, producing thermoset plastics used in the automobile industry and medical devices. Injection moldings offer advantages such as high production efficiency, intricate design capabilities, and consistent quality, making it a favored option among manufacturers for a wide range of applications.

South Japan Become the Highest Contributor in the Market

In 2024, the southern region of Japan has the highest share in Japan thermoset plastics market, followed by the north region. Japan’s regions are expected to experience a rise in power generation sector which will fuel the advancement of thermoset plastics. Thermoset plastics are successively employed in numerous applications, significantly contributing to the efficiency and reliability of power generation processes. For instance, NIPPON STEEL Chemical & Material Co., Ltd operates manufacturing plants across Japan, including Tokyo, Osaka, and Nagoya. The company continuously develops advanced technology and production capabilities to meet the demand for thermoset plastics.

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Future Market Scenario (FY2025 – FY2032F)

As per Japan thermoset plastic market analysis, the demand for thermoset plastics will significantly increase over the forecast period, owing to rising demand from key End-use industries, including transportation, automotive, marine, aviation, power generation, oil, refinery, and others. Thermoset materials play a crucial role in the rising research and development activities for construction of wind turbine blades, solar panels, and other renewable energy infrastructure. For instance, the expansion of wind power generation capacities has expanded from 6.5 GW in FY2018 to 8.2 GW in FY2021 and solar power capacity has increased from 15.9 GW in FY2018 to 27.9 GW in FY2021. Additionally, thermoset plastics are heavily utilized for tanks, corrosion-resistant pipes, and insulation materials in the oil and refinery industries. As Japan continues to invest in infrastructure development and modernization of its oil and refinery facilities the demand for thermoset materials is expected to rise. Also, thermoset polymers are preferred within the maritime and aviation sectors because of their high strength-to-weight ratio and resistance to corrosion. Japan is predicted to become a maritime and aerospace-focused nation, which will increase demand for thermoset composites in shipbuilding, aircraft interiors, and structural components.

For instance, Daicel Corporation and Polyplastics Co., Ltd. partnered together to innovative thermoset plastic products with improved mechanical strength, flame retardancy, and heat resistance. The collaboration helps strengthen the companies’ competitive positions and differentiation in thermoset plastics market through technological leadership and product innovation, which will enhance their competitive standing in the thermoset plastics industry by means of technological leadership and product innovation.

Similarly, Microwave Chemical Co., Ltd. and Mitsui Chemicals Inc. are creating chemical recycling technology that can lower CO2 emissions and increase the energy efficiency of existing chemical operations using microwaves. The firm is engaged in the chemical recycling of plastics, including thermosetting sheet molding compound, flexible polyurethane foam, and waste from car shredders. Both businesses want to begin demonstration testing shortly following verification testing at a bench facility since early tests have yielded encouraging findings. The objective is to transform difficult plastic waste streams into premium materials that won’t sacrifice quality and are appropriate for delicate applications.

Report Scope

“Japan Thermoset Plastics Market Assessment, Opportunities and Forecast, FY2018-FY2032F”, is a comprehensive report by Markets and Data, that provides an in-depth analysis and qualitative and quantitative assessment of the current state of Japan thermoset plastics market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business model, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/japan-thermoset-plastics-market

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The report “Phenolic Resin Market by Type (Resol Resin, Novolac Resin), Application (Wood Adhesives, Molding, Insulation), End-use Industry (Automotive, building & construction, Furniture) – Global Forecasts to 2021″, published by MarketsandMarkets, the global market is estimated to be valued at USD 11.30 Billion in 2016 and is projected to grow at a CAGR of 5.8% to reach USD 15.01 Billion by 2021.

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Phenolic Antioxidant Market was valued at US$ 2.05 Bn. in 2023 and is expected to reach US$ 2.91 Bn. by 2030, at a CAGR of 5.1 % during a forecast period.

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Ortho Phenyl Phenol (OPP) Market is expected to cross USD 73783.93  million by the end of 2031

Ortho Phenyl Phenol (OPP) Market is expected to show an impressive growth rate due to rising usage in disinfectants industry. According to a recent report by Profshare Market Research, Global Ortho Phenyl Phenol (OPP) Market is expected to reach USD 119.23 million by 2030, with a compound annual growth rate (CAGR) of 5.1 % between 2024 and 2030.

Access Full Report: https://www.profsharemarketresearch.com/ortho-phenyl-phenol-opp-market/

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PVC Additives Market-Industry Forecast, 2024–2030

PVC Additives Market overview

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Report Coverage

The report: “PVC Additives Market- Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the PVC Additives Industry.

By Type: Stabilizers, Impact Modifiers, Processing Aids, Lubricants, Plasticizers, Fillers, Others.

By Form: Granules, Powder, and Liquid.

By Fabrication Process: Extrusion, Injection Molding, Blow Molding and Others.

By Application: Pipes, Packaging, Furniture’s, Door and Windows, Cables, Medical Devices, Flooring, and Others.

By End Use: Building and Construction, Automotive industry, Textile Industry, Electrical and Electronics, Medical Industry, Food and Beverages, and Others.

By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

Asia Pacific dominates the PVC Additives market owing to rapid increase in building and construction sector.

Certain applications require higher impact strength than PVC would demonstrate normally.

The market drivers and restraints have been assessed to understand their impact over the forecast period.

The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

The other key areas of focus include the various applications and end use industry in PVC Additives market and their specific segmented revenue.

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PVC Additives Market Segment Analysis — By Type

Stabilizers held the largest share in the PVC Additives market in 2019. This growth is mainly attributed to the increasing demand for stabilizers in varied applications such as pipes & fittings, rigid & semi-rigid films, and others. Due to their superior properties, such as UV resistance, weathering and heat-aging, stabilizers are increasingly favored over other types of additives. To avoid premature degradation, many polymers are vulnerable to environmental degradation and require the addition of a stabilizer such as an antioxidant or UV absorbent. Hampered phenols and obstructed amine light stabilizers (HALS) deactivate emerging radicals, like air-oxidated peroxy compounds. UV absorbers dissipate UV radiation through the material by a method that is non-destructive. Monomers are added to free radical inhibitors as stabilizers to prevent premature polymerization.

PVC Additives Market Segment Analysis — By Forms

Granules held the largest share in the PVC Additives market in 2019. Granules help to increase the density of the freshly synthesized polymer since it lacks the flowing properties required to be processed by an extruder. Due to their plasticity property, they can be molded or shaped by application of heat. Other characteristics of plastic are its low electrical conductivity, low density, transparency and toughness which allowed it to be used for the creation of different products. In addition, plastic’s versatility has led to its use in a wide array of industries. In order to produce normal and high-strength concretes, 10%, 20%, and 30% replacement ratios by volume of PVC granules and powder are used.

PVC Additives Market Segment Analysis — By Fabrication Process

Extrusion held the largest share in the PVC Additives market in 2019. Extrusion is used mainly for handling large plastic volumes. The pellets, granules, chips, or powders are fed into the extruder and melted under high temperatures. PVC compounding is a process where additives are mixed with the base resin in order to obtain a homogenous mix. The additives are used either to enhance process capabilities or to improve product efficiency. The use of sizing parts will generate any length of profiles to the desired length. Co-extrusion allows the manufacture of semi-finished multi-layer products with special barrier properties.

PVC Additives Market Segment Analysis — By Application

Pipes is projected to witness highest share in PVC Additives market in 2019. This rise is mainly due to the growing demand for pipes & fittings in piping and plumbing, gas pipeline laying, and telecommunication and electrical cable sheathing. Due to the replacement of traditional concrete, iron, and steel-based pipes & fittings with PVC pipes in the building & construction industry, the market for PVC additives in the pipes & fittings segment is expected to witness significant development. The market for building materials is on high demand, with the continually growing population. The prerequisite for housing is pipes and fittings, which are a critical necessity. Urbanization with a large network of connections has contributed to an increase in drainage requirements. There is a growing demand for pipes and fittings to cope with advanced piping links, which in turn drives market growth. Globally, there has been a rising demand for rainwater harvesting system that has helped to heat up the pipe and fit market. In 2019, recently the commercial sector has slowed as the risk for a downturn in global construction increases due to COVID-19 pandemic which led to temporary lockdown of all economic activities across globe.

PVC Additives Market Segment Analysis — By End Use

Building and construction dominates the PVC Additives market growing at a CAGR of 6.00%. With the growing construction industry and its demand for PVC Additives particularly in the regions of Asia-Pacific, North America and Europe, the demand of PVC Additives for all kinds of buildings is expected to see an upsurge. Residential application segment is witnessing growth due to the rising penetration from untapped markets. First-mover advantage in untapped regions and relatively low acquisition costs remain key driving forces in this application market. Furthermore, R&D in PVC Additives will support the growth of the PVC Additives market.

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PVC Additives Market Segment Analysis — Geography

Asia-Pacific (APAC) dominated the PVC Additives market growing at CAGR of 41% followed by North America and Europe. APAC as a whole is set to continue to be one of the largest and fastest growing construction markets globally. Large and more developed markets such China, India, Japan, and South Korea are expected to grow more in the coming years. China is driving much of the PVC Additives market demand in Asia-Pacific region followed by India and Japan. Of the five fastest growing regions in construction sector, other than U.S. all are Asian countries including China and India who majorly drive the demand for construction investment in this regions. The strong and healthy growth in construction sector is associated with growing population and middle class economy, which tend to drive APAC residential construction market further and hence the PVC Additives market. The number of buildings that have illuminated PVC Additives is growing sharply in APAC region. The increasing number of new building constructions, along with the rise in the number of renovation projects has further propelled the market. Currently the construction industry has been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. In in turn has affected the demand and supply chain as well which has been restricting the growth in year 2020.

PVC Additives Market Drivers

Replacement of conventional material with PVC will drive the market

PVC is replacing traditional building materials such as wood, metal, concrete and clay in many applications. Versatility, cost-effectiveness and excellent use record make it the most important polymer in the construction sector, accounting for 60%. These products are often lighter, less expensive and offer many performance advantages. Making it prominent material than conventional.

Rapid industrialization and infrastructure activity will augment the growth of PVC Additives

Improvement in economic climate along with boom in industrialization and infrastructure activity across the globe is leading the growth of PVC Additives. Oxford Economics has estimated global infrastructure investment needs to be $94 trillion between 2016 and 2040. This is 19 percent higher than would be delivered under current trends. With the increasing rate of industrialization and infrastructure activity, as a result of which PVC Additives growth is augmenting.

PVC Additives Market Challenges

Low R&D expenditure in the emerging markets and high maintenance cost will hamper the market to growth

Innovation is the key to developing new products, but most manufacturers are not investing much into R&D. Rather than cutting-edge technology, they invest in creating relevant technology. These factors are hampering the growth of the market. Because most of the pipes and fittings are located underground in the event of any malfunction or failure, the cost of repairs can be even greater.

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Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the PVC Additives market. In 2019 the PVC Additives market has been consolidated by the top five players accounting for xx% of the share. Major players in the PVC Additives market are BASF SE, Arkema SA, Akzo Nobel N.V, Adeka Corporation, Clariant AG and Others.

Acquisitions/Technology Launches/ Product Launches

In April 2017, Lanxess Corporation has completed acquisition of Chemtura. With this acquisition, Lanxess significantly expands its market position for PVC additives. A notable sampling includes: the sale of its proprietary OBS (organic-based heat stabilizers) for rigid PVC applications to Baerlocher; the sale of the rest of its PVC additives business to Galata Chemicals.

Key Market Players

The Top 5 companies in the PVC Additives Market are:

BASF SE

Arkema SA

Akzo Nobel N.V

Adeka Corporation

Clariant AG

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