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Global Phenolic Resin Market: By Type: Resol Resin, Novolac Resin, Others; By Application: Wood Adhesives, Moulding, Insulation, Laminates, Paper Impregnation, Coatings, Others; By End Use; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Phenolic Resin Market Outlook

The global phenolic resin market reached a value of USD 12.2 billion in 2019. The market is expected to grow at a CAGR of 5.2% in the forecast period of 2020-2025 to attain a value of USD 16 billion by 2025.

 

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: Industry Definition and 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.

 

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 industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Industry Opportunities and Challenges
8    Global Phenolic Resin Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Phenolic Resin Historical Market (2015-2019) 
    8.3    Global Phenolic Resin Market Forecast (2020-2025)
    8.4    Global Phenolic Resin Market by Type
        8.4.1    Resol Resin
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Liquid
                    8.4.1.4.1.1    Market Share
                    8.4.1.4.1.2    Historical Trend (2015-2019)
                    8.4.1.4.1.3    Forecast Trend (2020-2025)
                8.4.1.4.2    Solid
                    8.4.1.4.2.1    Market Share
                    8.4.1.4.2.2    Historical Trend (2015-2019)
                    8.4.1.4.2.3    Forecast Trend (2020-2025)
        8.4.2    Novolac Resin
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Others
    8.5    Global Phenolic Resin Market by Application
        8.5.1    Wood Adhesives
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Moulding
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Insulation
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Laminates
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
        8.5.5    Paper Impregnation
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2015-2019)
            8.5.5.3    Forecast Trend (2020-2025)
        8.5.6    Coatings
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2015-2019)
            8.5.6.3    Forecast Trend (2020-2025)
        8.5.7    Others
    8.6    Global Phenolic Resin Market by End Use
        8.6.1    Automotive
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Building and Construction
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    Furniture
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
        8.6.4    Electric and Electronics
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2015-2019)
            8.6.4.3    Forecast Trend (2020-2025)
        8.6.5    Others
    8.7    Global Phenolic Resin Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (HS Code - 390940)

    12.1    Major Importing Countries
        12.1.1    By Volume
        12.1.2    By Value
    12.2    Major Exporting Countries
        12.2.1    By Volume
        12.2.2    By Value
13    Price Analysis
    13.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
14    Manufacturing Process
    14.1    Overview
    14.2    Detailed Process Flow
    14.3    Operation Involved
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Ashland Global Holdings Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    DIC Corporation
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Hexcel Corporation
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Kolon Industries Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Hitachi Chemical Co., Ltd.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Sumitomo Bakelite Co., Ltd.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Industry Events and Developments

 

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 Figures and Tables

1.    Global Phenolic Resin Market: Key Industry Highlights, 2015 and 2025
2.    Global Phenolic Resin Historical Market: Breakup by Type (USD Billion), 2015-2019
3.    Global Phenolic Resin Market Forecast: Breakup by Type (USD Billion), 2020-2025
4.    Global Phenolic Resin Historical Market: Breakup by Application (USD Billion), 2015-2019
5.    Global Phenolic Resin Market Forecast: Breakup by Application (USD Billion), 2020-2025
6.    Global Phenolic Resin Historical Market: Breakup by End Use (USD Billion), 2015-2019
7.    Global Phenolic Resin Market Forecast: Breakup by End Use (USD Billion), 2020-2025
8.    Global Phenolic Resin Historical Market: Breakup by Region (USD Billion), 2015-2019
9.    Global Phenolic Resin Market Forecast: Breakup by Region (USD Billion), 2020-2025
10.    North America Phenolic Resin Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    North America Phenolic Resin Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Europe Phenolic Resin Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Europe Phenolic Resin Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Asia Pacific Phenolic Resin Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Asia Pacific Phenolic Resin Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Latin America Phenolic Resin Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Latin America Phenolic Resin Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Middle East and Africa Phenolic Resin Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Middle East and Africa Phenolic Resin Market Forecast: Breakup by Country (USD Billion), 2020-2025
20.    Major Importing Countries by Volume (2019)
21.    Major Exporting Countries by Volume (2019)
22.    Major Importing Countries by Value (2019)
23.    Major Exporting Countries by Value (2019)
24.    North America Historical Price Trends and Forecast 2015-2025
25.    Europe Historical Price Trends and Forecast 2015-2025
26.    Asia Pacific Historical Price Trends and Forecast 2015-2025
27.    Latin America Historical Price Trends and Forecast 2015-2025
28.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
29.    Global Phenolic Resin Market Structure

Key Questions Answered in the Report

In 2019, the global phenolic resin market attained a value of nearly USD 12.2 billion.

The market is projected to grow at a CAGR of 5.2% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 16 billion by 2025.

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 12.2 billion in 2019, 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 2020-2025, growing at a CAGR of 5.2%. The market is projected to reach USD 16 billion by 2025.

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.

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