Phenolic Moulding Compounds Market
Phenolic Moulding Compounds Market Scope:
Industry Analysis, Market Size, Growth, Trends Till
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Phenolic Moulding Compounds Market Size and Growth
The Phenolic Moulding Compounds market is experiencing steady growth, driven by increased demand across automotive, electrical, and consumer goods sectors. As of 2023, the market size is valued at approximately $1.5 billion, with a projected CAGR of 4% over the next five years, reflecting strong applications and innovative developments in formulation technologies.
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Companies Covered
(Covid 19 Impact Covered)
◍ Sumitomo Bakelite
◍ Changshu Southeast Plastic
◍ Hexion
◍ Panasonic
◍ Jiangsu Zhongpeng New Material
◍ Chang Chun Group
◍ Beijing Sino-tech Electronic Material
◍ Sprea Misr
◍ Amity Thermosets (P) Ltd
◍ Wuxi Chuangda Advanced Materials
◍ Shanghai European-Asian Synthetic Material
◍ Zhejiang Jiamin Plastics
◍ Zhejiang Nanfang Plastic
The Phenolic Moulding Compounds Market is competitive, featuring companies like Sumitomo Bakelite and Hexion, which innovate and expand applications in automotive and electronics. These firms enhance market growth through diverse product offerings and strategic collaborations. Notable sales revenues include Sumitomo Bakelite ($1.3 billion) and Hexion ($1.1 billion). Request Sample Report
Market Segmentation
By Application
◍ Automotive Motors
◍ Power Tools
◍ Household Appliances
◍ Others
By Product
◍ Engineering Grade Phenolic Molding Compounds
◍ General Purpose Phenolic Molding Compounds
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Market Growth
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$ X Billion USD
