The Asia Pacific Phenolic resin market was valued at USD 5260.00 Mn in 2019 and is expected to reach at USD 7790.00 Mn by 2027 growing at a CAGR of 5.03% from 2019 to 2027.



Asia pacific Phenolic resin market growth is attributed to a wide range of factors, which includes increasing growth in the automotive and construction industries, along with elevated consumption of molding compounds in countries, such as India, China and ASEAN countries.

By region APAC Market is segmented into China, India, Japan, ASEAN and Rest of APAC. China is leading the APAC phenolic resin market. China phenolic resin market is expected to reach at USD 2975.78 Mn by 2027 at a CAGR of 5.10%. India phenolic resin market is expected to reach at USD XX% Mn at a CAGR of 4.98%. China and India collectively exhibit 60-62% of market share over forecast period owing to the rapid expansion of end-use industries such as consumer goods, automotive, construction and aerospace. Additionally, the phenolic resin manufacturers in this region are developing bio-based feedstock for the production of phenolic resins, which is expected to create lucrative opportunities for market.

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Japan is expected to reach at USD  Mn by 2027 at a CAGR of 4.95%. Legislations issued in Japan to construct energy efficient buildings has complimented the overall demand of phenolic resins, thereby resulting in the rapid progression of the phenolic resins market. The phenolic resin market in Japan is expected to rise further due to its increased usage of composites in aerospace, automotive, electrical &electronics and mass transit.



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