Sale

Phenolic Resin Market

Global Phenolic Resin Market Size, Share, Growth, Trends: By Type: Resol Resin, Novolac Resin, Others; By Application: Wood Adhesives, Moulding, Insulation, Laminates, Paper Impregnation, Coatings, Others; By End Use: Automotive, Building and Construction, Furniture, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Phenolic Resin Market Outlook

The global phenolic resin market reached a value of USD 14.11 billion in 2023. The market is expected to grow at a CAGR of 4.6% in the forecast period of 2024-2032 to attain a value of USD 21.12 billion by 2032.

 

Phenolic Resin Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The Asia Pacific Presents Significant Growth Opportunities for the Global Market for Phenolic Resin

The market for phenolic resin is being driven by the growing demand from the Asia Pacific region. It is expected to grow rapidly owing to the strong economic scenario, in conjunction with considerable investment in industries like furniture, automotive, building and development, and electrical and electronics. The Asia Pacific region exhibits potential growth over the forecast period. The ongoing growth in the production of such products in the region, as well as their export, is instrumental in the industry growth. Due to economic contraction and saturation within Europe and North America, the demand has shifted to the Asia Pacific region. The region is attracting several manufacturers, due to its strong market hold. China is a significant producer as well as consumer of phenolic resin within the Asia Pacific.

 

Phenolic Resin Market by End Use

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Phenolic Resin: Market Segmentation

Phenolic resin refers to the thermosetting plastics that have an extensive range of applications. These plastics exhibit strength, high thermal resistance, and fire-resistant properties.

On the basis of type, the market is divided into:

  • Resol Resin
  • Novolac Resin
  • Others

Resol resin is divided on the basis of type into liquid and solid.

Based on application, the industry can be segmented into:

  • Wood Adhesives
  • Moulding
  • Insulation
  • Laminates
  • Paper Impregnation
  • Coatings
  • Others

On the basis of end use, the market is categorised into:

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Phenolic Resin Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Extensive Applications of the Product to Aid the Global Market Growth of Phenolic Resin

The market for phenolic resin is aided by the product’s thermosetting features that attract various manufacturers because of its extensive applications. The increasing demand for plastics that exhibit qualities such as strength, high thermal resistance, and fire-resistant properties, has shot up the adoption rate of phenolic resins in the recent years. The market is expanding rapidly owing to its adoption for various purposes in forest products, and in refractories, friction, moulding, abrasive, and rubber processing. The aforementioned factors are expected to enhance the market growth over the forecast period.

 

Key Industry Players in the Global Phenolic Resin Market

The report gives a detailed analysis of the following key players in the global phenolic resin market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Ashland Global Holdings Inc.
  • DIC Corporation
  • Hexcel Corporation
  • Kolon Industries Inc.
  • Hitachi Chemical Co., Ltd.
  • Sumitomo Bakelite Co., Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • End Use
  • Region
Breakup by Type
  • Resol Resin
  • Novolac Resin
  • Others
Breakup by Application
  • Wood Adhesives
  • Moulding
  • Insulation
  • Laminates
  • Paper Impregnation
  • Coatings
  • Others
Breakup by End Use
  • Automotive
  • Building and Construction
  • Furniture
  • Electric and Electronics
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Ashland Global Holdings Inc.
  • DIC Corporation
  • Hexcel Corporation
  • Kolon Industries Inc.
  • Hitachi Chemical Co., Ltd.
  • Sumitomo Bakelite Co., Ltd.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Phenolic Resin Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Phenolic Resin Historical Market (2018-2023) 
    8.3    Global Phenolic Resin Market Forecast (2024-2032)
    8.4    Global Phenolic Resin Market by Type
        8.4.1    Resol Resin
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
            8.4.1.3    Breakup by Type
                8.4.1.3.1    Liquid
                    8.4.1.3.1.1    Historical Trend (2018-2023)
                    8.4.1.3.1.2    Forecast Trend (2024-2032)
                8.4.1.3.2    Solid
                    8.4.1.3.2.1    Historical Trend (2018-2023)
                    8.4.1.3.2.2    Forecast Trend (2024-2032)
        8.4.2    Novolac Resin
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Others
    8.5    Global Phenolic Resin Market by Application
        8.5.1    Wood Adhesives
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Moulding
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Insulation
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Laminates
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Paper Impregnation
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Coatings
            8.5.6.1    Historical Trend (2018-2023)
            8.5.6.2    Forecast Trend (2024-2032)
        8.5.7    Others
    8.6    Global Phenolic Resin Market by End Use
        8.6.1    Automotive
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Building and Construction
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Furniture
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Electric and Electronics
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others   
    8.7    Global Phenolic Resin Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Phenolic Resin Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Phenolic Resin Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Phenolic Resin Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Phenolic Resin Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East  and Africa Phenolic Resin Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Analysis (HS Code - 390940)

    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2. 2    By Value
17    Price  Analysis
    17.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18    Manufacturing Process
    18.1    Overview
    18.2    Detailed Process Flow
    18.3    Operation Involved
19    Competitive Landscape
    19.1    Market Structure
    19.2    Company Profiles
        19.2.1    Ashland Global Holdings Inc.
            19.2.1.1    Company Overview
            19.2.1.2    Product Portfolio
            19.2.1.3    Demographic Reach and Achievements
            19.2.1.4    Certifications
        19.2.2    DIC Corporation
            19.2.2.1    Company Overview
            19.2.2.2    Product Portfolio
            19.2.2.3    Demographic Reach and Achievements
            19.2.2.4    Certifications
        19.2.3    Hexcel Corporation
            19.2.3.1    Company Overview
            19.2.3.2    Product Portfolio
            19.2.3.3    Demographic Reach and Achievements
            19.2.3.4    Certifications
        19.2.4    Kolon Industries Inc.
            19.2.4.1    Company Overview
            19.2.4.2    Product Portfolio
            19.2.4.3    Demographic Reach and Achievements
            19.2.4.4    Certifications
        19.2.5    Hitachi Chemical Co., Ltd.
            19.2.5.1    Company Overview
            19.2.5.2    Product Portfolio
            19.2.5.3    Demographic Reach and Achievements
            19.2.5.4    Certifications
        19.2.6    Sumitomo Bakelite Co., Ltd.
            19.2.6.1    Company Overview
            19.2.6.2    Product Portfolio
            19.2.6.3    Demographic Reach and Achievements
            19.2.6.4    Certifications
        19.2.7    Others
20    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Project Requirements and Cost Analysis
    1.1    Land, Location, and Site Development
    1.2    Construction
    1.3    Plant Machinery
    1.4    Cost of Raw Material
    1.5    Packaging
    1.6    Transportation
    1.7    Utilities
    1.8    Manpower
    1.9    Other Capital Investments

 

List of Key Figures and Tables

1.    Global Phenolic Resin Market: Key Industry Highlights, 2018 and 2032
2.    Global Phenolic Resin Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Phenolic Resin Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Phenolic Resin Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Phenolic Resin Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Phenolic Resin Historical Market: Breakup by End Use (USD Billion), 2018-2023
7.    Global Phenolic Resin Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8.    Global Phenolic Resin Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Phenolic Resin Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Phenolic Resin Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Phenolic Resin Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Phenolic Resin Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Phenolic Resin Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Phenolic Resin Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Phenolic Resin Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Phenolic Resin Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Phenolic Resin Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Phenolic Resin Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Phenolic Resin Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Major Importing Countries by Volume 
21.    Major Exporting Countries by Volume 
22.    Major Importing Countries by Value 
23.    Major Exporting Countries by Value 
24.    North America Historical Price Trends and Forecast 2018-2032
25.    Europe Historical Price Trends and Forecast 2018-2032
26.    Asia Pacific Historical Price Trends and Forecast 2018-2032
27.    Latin America Historical Price Trends and Forecast 2018-2032
28.    Middle East and Africa Historical Price Trends and Forecast 2018-2032
29.    Global Phenolic Resin Market Structure

Key Questions Answered in the Report

In 2023, the global phenolic resin market attained a value of nearly USD 14.11 billion.

The market is projected to grow at a CAGR of 4.6% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 21.12 billion by 2032.

The major drivers of the industry, such as rising disposable incomes, increasing population, rising demand for plastics, product’s thermosetting features, and growing investments in furniture, automotive, building and development, and electrical and electronics sectors, are expected to aid the market growth.

The key trends guiding the growth of the market include the rising adoption of the product for various purposes in forest products, and in refractories, friction, moulding, abrasive, and rubber processing.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading types of phenolic resin in the market are resol resin and novolac resin, among others.

The major application segments in the industry are wood adhesives, moulding, insulation, laminates, paper impregnation, and coatings, among others.

The significant end use sectors in the market are automotive, building and construction, furniture, and electric and electronics, among others.

The major players in the industry are Ashland Global Holdings Inc., DIC Corporation, Hexcel Corporation, Kolon Industries Inc., Hitachi Chemical Co., Ltd., and Sumitomo Bakelite Co., Ltd., among others.

Analyst Review

The global phenolic resin market attained a value of USD 14.11 billion in 2023, driven by rising demand from the end use sectors. Aided by the rising adoption of the product in refractories, friction, moulding, abrasive, and rubber processing, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.6%. The market is projected to reach USD 21.12 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is bifurcated into resol resin and novolac resin, among others. On the basis of application, the industry is divided into wood adhesives, moulding, insulation, laminates, paper impregnation, and coatings, among others. By end use, the market is categorised into automotive, building and construction, furniture, and electric and electronics, among others. The major regional markets for phenolic resin are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Ashland Global Holdings Inc., DIC Corporation, Hexcel Corporation, Kolon Industries Inc., Hitachi Chemical Co., Ltd., and Sumitomo Bakelite Co., Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER