Japan Phenolic Resins Market Size & Outlook, 2023-2030
Japan phenolic resins market, 2019-2030 (US$M)
Related Markets
Japan phenolic resins market highlights
- The Japan phenolic resins market generated a revenue of USD 1,060.3 million in 2023 and is expected to reach USD 1,563.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.7% 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 1,060.3 million |
| Market revenue in 2030 | USD 1,563.7 million |
| Growth rate | 5.7% (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, Japan accounted for 7.4% 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 Asia Pacific, China phenolic resins market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,012.3 million by 2030.
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Phenolic Resins Market Scope
Phenolic Resins Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 18.01% in 2023. Horizon Databook has segmented the Japan phenolic resins market based on novolac, resol covering the revenue growth of each sub-segment from 2019 to 2030.
The Electrical & electronics industry is experiencing significant growth owing to the shifting preferences toward smart offices and smart homes coupled with the growing disposable income of consumers are driving the demand for phenolic resins in the electrical & electronics industry.
In addition, the presence of major players, including Casio, Akai, Canon, Hitachi, Mitsubishi Electric, Citizen, Fujitsu, Kyocera, NEC, Nikon, Olympus, Panasonic, Pioneer, Seiko Group, Sharp Corporation, Sony, Toshiba, Yamaha, is creating huge production base for electrical & electronic products in the country, thereby driving the demand for phenolic resins in electrical & electronics industry for various applications such as coatings, laminates, insulating, and others.
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Target buyers of Japan 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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 Japan phenolic resins market , including forecasts for subscribers. This country databook contains high-level insights into Japan phenolic resins market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Japan phenolic resins market size, by product, 2019-2030 (US$M)
Japan Phenolic Resins Market Outlook Share, 2023 & 2030 (US$M)
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