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Phenolic Resins Market Analysis Forecast to 2020 by P&S Market Research
The key drivers behind the growing demand of global phenolic resins include growing demand from construction and transports application, and increased usage of fire retardant materials in automotive and aircraft components. However, the volatility in crude oil prices is expected to restrain the growth of the global phenolic resins market, as crude oil is a major raw material needed for the manufacturing of phenolic resins.