Germany Phenolic Resins Market Size & Outlook, 2023-2030
Germany phenolic resins market, 2019-2030 (US$M)
Related Markets
Germany phenolic resins market highlights
- The Germany phenolic resins market generated a revenue of USD 1,013.6 million in 2023 and is expected to reach USD 1,501.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.8% 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 1,013.6 million |
| Market revenue in 2030 | USD 1,501.3 million |
| Growth rate | 5.8% (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, Germany accounted for 7.1% 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 Europe, Germany phenolic resins market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,501.3 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Phenolic Resins Market Scope
Phenolic Resins Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 20.17% in 2023. Horizon Databook has segmented the Germany phenolic resins market based on novolac, resol covering the revenue growth of each sub-segment from 2019 to 2030.
The automotive industry in Germany is one of the largest employers in the country with a massive labor force. The leading global automobile companies are from Germany. The automotive industry in the country has grown over the years and produces and exports passenger cars on a large scale.
Germany is among the top automobile manufacturers in the world. Since a large number of luxury and other passenger cars are manufactured in the country, the use of automotive foams is on the rise in Germany.
The automotive industry in the country is also generating high demand for phenolic adhesives, coatings, and similar materials to reduce vehicle weight and comply with stringent fuel economy regulations. As a result, phenolic foams, adhesives, and coatings are expected to witness a rise in demand in Germany from 2022 to 2030, thereby leading to the surged consumption of phenolic resins in the country.
Reasons to subscribe to Germany phenolic resins market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Germany phenolic resins market databook
-
Our clientele includes a mix of phenolic resins market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Germany phenolic resins market , including forecasts for subscribers. This country databook contains high-level insights into Germany phenolic resins market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Germany phenolic resins market size, by product, 2019-2030 (US$M)
Germany Phenolic Resins Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
