North America phenolic resin market is expected to reach at USD 5120.00 Mn by 2027 at a CAGR of 6.26% over forecast period 2020-2027.
An upsurge in automobile filter sales on account of a revitalized automotive industry in the U.S. is a major driving factor for phenolic resins market. By type Resol Resin is leading the North American Phenolic Resin market. Resol resin type segment was valued at USD xx Mn in 2019 and is expected to reach at xx% Mn by 2027 at a CAGR of 6.34%. Growth in this segment is mainly attributed to its extensive use in cooling & bonding building materials.
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