Global Consumption Of Epoxy Phenol Novolac Increases From 23840 MT In 2013 To 29116 MT In 2017
Tuesday, 04 Dec, 2018
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.