Middle East & Africa Phenolic Resin In Tire And Rubber Market Size & Outlook
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MEA phenolic resin in tire and rubber market highlights
- The MEA phenolic resin in tire and rubber market generated a revenue of USD 74.8 million in 2024.
- The market is expected to grow at a CAGR of 8.5% from 2025 to 2033.
- In terms of segment, novolac resins was the largest revenue generating product in 2024.
- Novolac Resins is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2025 to 2033.
MEA data book summary
| Market revenue in 2024 | USD 74.8 million |
| Market revenue in 2033 | USD 155.1 million |
| Growth rate | 8.5% (CAGR from 2025 to 2033) |
| Largest segment | Novolac resins |
| Fastest growing segment | Novolac Resins |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Novolac Resins, Resol Resins, Alkyl-Phenolic Resins, Modified Phenolic Resins |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.0% of the global phenolic resin in tire and rubber market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Latin America is the fastest growing regional market and is projected to reach USD 250.4 million by 2033.
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Phenolic Resin in Tire and Rubber Market Scope
Phenolic Resin in Tire and Rubber Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Capital Resin Corporation | View profile | 51-100 | Columbus, Ohio, United States, North America | http://capitalresin.com |
| Prefere Resins | View profile | 501-1000 | Erkner, Brandenburg, Germany, Europe | http://www.prefereresins.com |
| Bakelite Synthetics | View profile | 501-1000 | Atlanta, Georgia, United States, North America | https://bakelite.com/ |
| Sumitomo Bakelite | View profile | 5001-10000 | Tokyo, Tokyo, Japan, Asia | http://www.sumibe.co.jp/ |
| DIC Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.dic-global.com/en/ |
| SI Group | View profile | 1001-5000 | The Woodlands, Texas, United States, North America | http://www.siigroup.com |
| Hexion | View profile | 10001+ | Columbus, Ohio, United States, North America | http://www.hexion.com |
| Atul | View profile | 1001-5000 | Valsad, Gujarat, India, Asia | https://www.atul.co.in |
| Basf SE ADR | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Kolon Industries | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.kolonindustries.com/ |
| Mitsui Chemicals Inc | View profile | 18933 | 1-5-2, Higashi-Shimbashi, Shiodome City Center, Minato-ku, Tokyo, Japan, 105-7122 | http://group.mitsuichemicals.com |
Middle East & Africa phenolic resin in tire and rubber market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to phenolic resin in tire and rubber market will help companies and investors design strategic landscapes.
Novolac resins was the largest segment with a revenue share of 53.88% in 2024. Horizon Databook has segmented the Middle East & Africa phenolic resin in tire and rubber market based on novolac resins, resol resins, alkyl-phenolic resins, modified phenolic resins covering the revenue growth of each sub-segment from 2021 to 2033.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa phenolic resin in tire and rubber market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa phenolic resin in tire and rubber market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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MEA phenolic resin in tire and rubber market size, by country, 2021-2033 (US$M)
Middle East & Africa Phenolic Resin in Tire and Rubber Market Outlook Share, 2024 & 2033 (US$M)
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