Phenolic Resins Market Expecting Further Growth Owing to Extensive Demand in Construction Applications Till 2020: Grand View Research, Inc.
Increased applications of phenolic molding compounds in automotive and aerospace industries is expected to impact the global phenolic resins market positively, according to a new study by Grand View Research, Inc.. The use of phenolic resins in the construction industry is expected to contribute significantly to market growth. Volatility of crude oil is expected to hamper industry growth as it is a vital constituent in the production process. Environmental norms regarding formaldehyde emissions may pose a challenge to phenolic resins...
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