Phenolic Resin for Tire Rubber, Global Market Size Forecast, Top 13 Players Rank and Market Share (Internet Services - Other Internet Services)

Item ID 2578694 in Category: Internet Services - Other Internet Services

Phenolic Resin for Tire Rubber, Global Market Size Forecast, Top 13 Players Rank and Market Share


Phenolic resin is a large class of synthetic resin produced by the condensation polymerization of phenolic compounds and aldehyde compounds. It has good acid resistance, mechanical properties, and heat resistance. It is widely used in rubber products, anti-corrosion engineering, adhesives, Flame retardant materials, grinding wheel manufacturing and other industries.
Phenolic resin for tire rubber is mainly used for tire sidewalls and treads. It can be used as a tackifier, reinforcing agent and adhesive during the tire production process. Phenolic reinforcing agents are used in applications that require relatively high hardness and rigidity. tire surface and bead.
According to the new market research report "Global Phenolic Resin for Tire Rubber Market Report 2023-2029", published by QYResearch, the global Phenolic Resin for Tire Rubber market size is projected to reach USD 1194 million by 2029, at a CAGR of 4.7% during the forecast period.

Market Drivers:
Policy support: National policy support is the core driving force for the development of the phenolic resin industry.
There is huge room for development of environmental protection enterprises: China’s environmental protection requirements for various industries are constantly improving. In the phenolic resin industry, it is required to reduce pollution and emissions. Some companies that do not pay attention to environmental protection or have insufficient investment in environmental protection and have backward production technology will not be conducive to survival. On the contrary, high-quality companies that invest heavily in environmental protection and insist on technological innovation will continue to expand their share in this market.
The downstream market has broad prospects: Phenolic resin for tire rubber can improve the production efficiency of rubber products and improve their performance and quality. It is currently widely used in many tire fields. In the future, the growth of the downstream AI+ automotive electronics field will drive the demand for phenolic resin to grow.

Risk:
Pressure from environmental protection policies: Pollutants will appear in the phenolic resin production process, and national environmental protection policies are relatively strict, which increases production costs on the enterprise side and requires rectification/upgrading of production line technology.
Uncertainty in downstream demand: The tire industry has a wide range of downstream sectors, but demand is mainly affected by various factors such as automobile production and market demand. Fluctuations in downstream demand may cause a company's output to decline, thereby affecting its revenue.

Trend:
1. Environmental protection and greening.
2. Iterate from general-purpose to special-purpose.
3. Develop single varieties to multiple types of products.

For more information, please contact the following e-mail address:
Email: global@qyresearch.com
Website: https://www.qyresearch.com
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.



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Last Update : Mar 27, 2024 2:10 AM
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