Phenolic Resin Pricing Report, Trend, Chart, Demand, News, Index, Historical Prices Analysis, Forecast 2024 In Latest Study
The phenolic resin market, pivotal in applications ranging from adhesives and coatings to automotive and construction components, is influenced by a blend of industrial demand, supply dynamics, and upstream material costs. In the fourth quarter of 2023, the market witnessed variations across different regions, primarily driven by the demand from downstream industries. The market trended bearish in North America due to low demand in sectors such as adhesives and coatings, paired with ample material availability, leading to softened prices.