Report overview
The global Epoxy Novolac Resins market size was valued at US$ 1.23 billion in 2024 and is projected to reach US$ 1.89 billion by 2030, at a CAGR of 7.4% during the forecast period 2024-2030.
The United States Epoxy Novolac Resins market size was valued at US$ 345.6 million in 2024 and is projected to reach US$ 512.4 million by 2030, at a CAGR of 6.8% during the forecast period 2024-2030.
Epoxy Novolac Resins are high-performance thermoset polymers used in coatings, composites, and electronic applications.
The global market is expanding steadily, driven by protective coating demands and electronic applications. In 2023, production reached 250,000 metric tons globally, with coatings sector accounting for 45% of consumption. The market saw a 30% increase in high-temperature resistant grade adoption in 2023. Standard grades dominate with a 65% market share, while specialty grades are growing at 10% annually. Asia Pacific leads with a 45% market share and is the fastest-growing region at 8.2% CAGR. The industry is focusing on developing bio-based alternatives, with a 35% growth in R&D investments for sustainability.
Report Overview
Epoxy Novolac Resins are a type of epoxy resin modified with novolac, a type of phenolic resin. They offer higher crosslinking density and improved chemical resistance compared to conventional epoxy resins.
This report provides a deep insight into the global Epoxy Novolac Resins market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Epoxy Novolac Resins Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Epoxy Novolac Resins market in any manner.
Global Epoxy Novolac Resins Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Huntsman Corporation
Hexion
Sinopec
Nan Ya
Aditya Birla Chemicals
Miller-Stephenson Chemicals
Olin
CVC
Dow Chemical
Sakamoto Yakuhin Kogyo
Arnette Polymers
Atul Ltd
EMS-GRILTECH
Market Segmentation (by Type)
Liquid Bisphenol F Epoxy Resins
Low Viscosity Epoxy Novolac Resins
High Viscosity Epoxy Novolac Resins
Other
Market Segmentation (by Application)
CCL
High Temperature Resistant Adhesive
Phenolic Epoxy Vinyl Resin
PCB Ink
Coating
Other
Geographic Segmentation
