Bakelite Market Analysis, Market Size, Global Industry Analysis, Share, Growth, Trends Forecasts, 2015 To 2022: Grand View Research

Increasing bakelite application in end-use industries such as power generation, electronics, and aerospace is expected to drive the global market growth over the next seven years. Intrinsic properties associated with bakelite such as electrical non-conductivity and heat resistance finds application in wire insulation, semi-conductors, automotive components and brake pads. Increasing electrical appliances consumption is expected to drive bakelite demand in wire insulation and semi-conductors. In addition, bakelite possesses durability, fine finishing and superior sound properties which are used in manufacturing game components such as billiard balls and dominoes. Growth of gaming devices market in emerging economies such as China, India and Hong Kong is anticipated to fuel bakelite demand over the next seven years. Bakelite is used to manufacture electrical components such as electron tubes, sockets and insulators owing to high resistance property. Growth of electrical components market
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