Phenolic Resin Market: Versatile Applications and Robust Growth
The Phenolic Resin Market is experiencing robust growth due to its widespread use across industries such as automotive, construction, and electronics. Phenolic resins are valued for their thermal stability, high mechanical strength, and excellent flame resistance, making them ideal for demanding applications. These resins are used in adhesives, coatings, laminates, and insulation materials. As industries demand higher performance and durability, the phenolic resin market is expected to witness steady growth driven by innovation and new applications.