Argentina Phenolic Resins Market Size & Outlook, 2023-2030
Argentina phenolic resins market, 2019-2030 (US$M)
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Argentina phenolic resins market highlights
- The Argentina phenolic resins market generated a revenue of USD 708.5 million in 2023 and is expected to reach USD 1,003.1 million by 2030.
- The Argentina market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, novolac was the largest revenue generating product in 2023.
- Resol is the most lucrative product segment registering the fastest growth during the forecast period.
Phenolic resins market data book summary
| Market revenue in 2023 | USD 708.5 million |
| Market revenue in 2030 | USD 1,003.1 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Novolac |
| Fastest growing segment | Resol |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Novolac, Resol |
| Key market players worldwide | DIC Corp, Kolon Industries, Sumitomo Corp, Hexcel Corp, Georgia-Pacific, Kraton Performance Polymers, Momentive, Arkema SA, Silvergate Capital Corp Class A |
Other key industry trends
- In terms of revenue, Argentina accounted for 4.9% of the global phenolic resins market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Argentina phenolic resins market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 954.0 million by 2030.
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Phenolic Resins Market Scope
Phenolic Resins Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina phenolic resins 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 resins market will help companies and investors design strategic landscapes.
Novolac was the largest segment with a revenue share of 16.98% in 2023. Horizon Databook has segmented the Argentina phenolic resins market based on novolac, resol covering the revenue growth of each sub-segment from 2019 to 2030.
Argentina is among the leading economies of Central & South America. Growing inter-industry trading relationships of the country with China and India are anticipated to fuel the growth of phenolic resin manufacturing companies in the country. The phenolic resins market has an enormous growth potential in Argentina as the country displays high opportunities for investors in domestic production.
The country is characterized by the presence of an excellent industrial base coupled with abundant availability of shale resources, which can be optimized for enhancing the current energy industry, thereby leading to revitalizing the country’s petrochemical industry. These trends are expected to positively impact the demand for phenolic resins in the country over the forecast period owing to the continuous demand for phenolic resin raw materials.
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Target buyers of Argentina phenolic resins market databook
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Our clientele includes a mix of phenolic resins market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina phenolic resins market , including forecasts for subscribers. This country databook contains high-level insights into Argentina phenolic resins market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina phenolic resins market size, by product, 2019-2030 (US$M)
Argentina Phenolic Resins Market Outlook Share, 2023 & 2030 (US$M)
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