Market revenue in 2023 | USD 522.1 million |
Market revenue in 2030 | USD 719.3 million |
Growth rate | 4.7% (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 |
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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 14.23% in 2023. Horizon Databook has segmented the South Africa phenolic resins market based on novolac, resol covering the revenue growth of each sub-segment from 2019 to 2030.
The phenolic resins market in South Africa is expected to witness moderate growth over the forecast period owing to the expanding automotive industry in the country. The presence of major automobile makers in the country has significantly reduced inflation as well as unemployment.
The country is characterized by the presence of foreign manufacturers such as Volkswagen, BMW, Chrysler, Ford, Nissan, General Motors, and Toyota, which have production plants in South Africa. These players are attempting to increase their production capacities to increase market shares. These trends are expected to help boost the demand for phenolic resins in automotive applications.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa phenolic resins market , including forecasts for subscribers. This country databook contains high-level insights into South Africa phenolic resins market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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