Lucintel Forecasts the Global Phenolic Resin Market to Reach $24 Billion by 2030
According to the recent study the global phenolic resin market is projected to reach an estimated $24 billion by 2030 from $18 billion in 2023 at a CAGR of 4% from 2023 to 2030. Growth in this market is primarily driven by increasing use of heat resistance, corrosion and chemical resistance materials in construction and transportation industry