During H1 2023, PF (Phenol-Formaldehyde Resins) prices in Asia exhibited mixed sentiments, rising initially due to increased feedstock prices and stable demand, then experiencing a temporary decline before recovering by the quarter’s end. Fluctuations were attributed to phenol and formaldehyde price oscillations and demands from coating and adhesive industries. In Europe, slow growth in January was followed by improved demand in mid-Q1, leading to price increases. However, in Q2, prices declined due to lower phenol costs and reduced demand. North American prices fluctuated throughout, declining in Q2 due to stable market demands.
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Definition
PF (Phenol-Formaldehyde Resins) is a type of synthetic thermosetting resin widely used in various industrial applications. It is formed by the condensation of phenol with formaldehyde under heat and pressure. PF resins exhibit excellent adhesive properties, making them popular in the production of plywood, particleboard, and other wood-based composites. Additionally, they find use in coatings, adhesives, and molded components due to their high strength, durability, and resistance to moisture and heat.
Key Details About the PF (Phenol-Formaldehyde Resins) Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on PF (Phenol-Formaldehyde Resins) in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The PF (Phenol-Formaldehyde Resins) Price Trends, including India PF (Phenol-Formaldehyde Resins) price, USA PF (Phenol-Formaldehyde Resins) price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the PF (Phenol-Formaldehyde Resins) Price Trend:
PF (Phenol-Formaldehyde Resins) finds extensive industrial applications due to its versatile properties. It is commonly used as an adhesive in the manufacture of plywood, particleboard, and laminated wood products, where its strong bonding and water-resistant characteristics are valuable. Additionally, PF resins are utilized in the coatings industry for their excellent heat and chemical resistance. They are also essential in molding applications for producing durable and high-strength components used in various industries, including automotive and construction.
Key Players:
- Braskem S.A.
- Nova Chemicals Corporation
- Solvay S.A.
- China Array Plastics LLC
- China Petroleum & Chemical Corporation (SINOPEC)
- BASF SE
- Hitachi Chemical Co. Ltd.
- Mitsui Chemicals, Inc.
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