Close Lucintel Chat
Didn't Find What You're Looking for?
Call us at +1972 636 5056 or write at helpdesk@Lucintel.com
Ask an Expert Provide Custom Requirements Download Sample Report Search Available Reports
  • helpdesk@Lucintel.com
  • |
  • Call Lucintel +1 972 636 5056
  • |
  • Login
  • |
  • Register
  • |
  • Search
  • |
'
...

The Impact of COVID-19 is included in Phenolic Resin Market. Buy it today to get an advantage.

Request the impact of COVID-19 on your product or industry


Global Phenolic Resin Market Trends and Forecast

The future of the global phenolic resin material market looks promising with growth opportunities in the construction, transportation, electrical and electronics, furniture, and industrial end uses. The global phenolic resin market is expected to reach an estimated $24 billion by 2030 with a CAGR of 4% from 2024 to 2030. The major drivers of growth for this market are increasing use of heat resistance, corrosion and chemical resistance materials in construction and transportation industry and lower cost of phenolic resin compared to its competitors.
  • Lucintel forecasts that the construction segment will remain the largest end use segment over the forecast period due to demand for heat resistant material and low cost material is driving phenolic resin market. Trabsportation is expected to witness the highest growth over the forecast period.
  • Molding compounds segment will remain the largest segment over the forecast period due to high heat resistance, mechanical strength and electrical properties and is used in automotive, aerospace, electronics and industrial market.
  • Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to growth in end use industries such as residential and commercial activities, increasing automotive production, and growing electrical and electronics demand.
Phenolic Resin Market by Application, Type, and End Use
 

Asia Pacific is expected to remain the largest market in the Phenolic Resin Market

  1. United States: Companies like Hexion and Georgia-Pacific Chemicals are driving developments in the US phenolic resin market. The government has initiated programs to support research and development in phenolic resin technology, particularly focusing on applications in construction and automotive industries, aiming to enhance the country's competitiveness in advanced materials manufacturing.
  2. China: Chinese companies like Shandong Shengquan New Materials Co., Ltd. are major players in the phenolic resin market. The Chinese government has announced initiatives to promote the use of phenolic resins in various industries, including electronics and insulation, with the aim of fostering domestic innovation and reducing reliance on imported materials. 
  3. Germany: German firms such as Dynea and Sumitomo Bakelite Europe are leading the phenolic resin market in Europe. The government has launched initiatives to support the development of high-performance phenolic resins for industrial applications, aiming to strengthen the country's position in advanced materials manufacturing.
  4. Japan: Japanese companies like DIC Corporation are investing in phenolic resin technology. The government has set targets to increase the use of phenolic resins in construction materials and consumer goods, offering subsidies for companies developing innovative phenolic resin formulations and processes. 
  5. India: In India, companies like Chemiplastica are contributing to the growth of the phenolic resin market. The government has announced incentives for companies investing in phenolic resin research and development, aiming to promote the country's reputation as a center for innovation in specialty chemicals. 

Emerging Trends in the Phenolic Resin Market

Emerging trends, which have a direct impact on the dynamics of the industry, includes the use of bio based phenolic resin, rosin modified phenolic resin, boron-modified phenol formaldehyde resin-based self-healing matrix for Cf/Siboc Composites.
A total of 141 figures / charts and 89 tables are provided in this 208-page report to help in your business decisions. A sample figure with insights is shown below. 
 

Phenolic Resin Market by Segments

Phenolic Resin Market by Segment

The study includes trends and forecast for the global phenolic resin market by application, type, end use, and region as follows:

Global Phenolic Resin Market by Application [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

Global Phenolic Resin Market by Type [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

  • Resol Phenolic Resin
  • Novolac Phenolic Resin

Global Phenolic Resin Market by End Use [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

Global Phenolic Resin Market by Region [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Western Europe
    • Eastern Europe
  • APAC
    • China
    • Japan
    • India
    • Taiwan
    • Republic of Korea
  • ROW
    • Central/South America
    • Middle East

List of Phenolic Resin Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies phenolic resin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the phenolic resin companies profiled in this report includes.

Recent Development in the Phenolic Resin Market 

  • Georgia-Pacific: The company continues to be a significant player in the phenolic resin market, focusing on the production of high-performance phenolic resins used in various applications, including adhesives and anti-corrosion materials​ 
  • Hexion: Hexion has developed new Bakelite phenolic resins with ultra-low free formaldehyde content. These resins are designed for use in coatings, offering improved adhesion and substrate protection, which is particularly useful in the food and aerosol can industry​
  • SI Group: SI Group is expanding its phenolic resin production capabilities to meet the growing demand in the automotive and construction industries. The company is also investing in research to innovate and improve the properties of their resins​ 
  • Ashland Inc.: Ashland has been focusing on developing phenolic resins for specialized applications such as laminates and wood adhesives, which are seeing increased demand due to their superior bonding and heat-resistant properties​ 
  • BASF SE: BASF is enhancing its product portfolio with advanced phenolic resins aimed at the electronics and aerospace industries, capitalizing on the resins' high mechanical strength and thermal stability​ 

Features of Global Phenolic Resin Market

  • Market Size Estimates: Phenolic Resins market size estimation in terms of value ($B) and volume (B lbs)
  • Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
  • Segmentation Analysis: Market size by application, type, end use and region
  • Regional Analysis: Phenolic Resins market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different application, type, end use, and regions for the phenolic resins market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the phenolic resin market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the phenolic resins market size?
Answer: The global phenolic resin market is expected to reach an estimated $24 billion by 2030.
Q2. What is the growth forecast for phenolic resin market?
Answer: The phenolic resin market is expected to grow at a CAGR of 4% from 2024 to 2030.   
Q3. What are the major drivers influencing the growth of the phenolic resin market?
Answer: The major drivers of growth for this market are increasing use of heat resistance, corrosion and chemical resistance materials in construction and transportation industry and lower cost of phenolic resin as compared to its competitors.
Q4. What are the major applications or end use industries for Global Phenolic Resin?
Answer: Construction and electrical & electronics are the major end uses for global phenolic resin.         
Q5. What are the emerging trends in phenolic resin market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include the use of bio based phenolic resin and rosin modified phenolic resin.   
Q6. Who are the key phenolic resin companies?
Answer: Some of the key phenolic resin companies are as follows:
  • Hexion Inc.
  • Georgia Pacific Chemicals
  • SI Group
  • SQ Group
  • Sumitomo Bakelite Co. Ltd.
  • DIC Corporation
  • Mitsui Chemicals
  • Tembec
  • Ashland
  • Aica Kogyo
Q7.Which phenolic resin type segment will be the largest in future?
Answer: Lucintel forecasts that the molding compounds segment will remain the largest segment over the forecast period due to high heat resistance, mechanical strength and electrical properties and is used in automotive, aerospace, electronics and industrial market.
Q8: In phenolic resin market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to remain the largest region over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1 What are some of the most promising, high-growth in global phenolic resin market by application (wood adhesive, molding compounds, laminates, insulation, coating, paper impregnation, and others), type (resol phenolic resin and novolac phenolic resin), end use (construction, transportation, electrical and electronics, furniture, and others) and region (North America, Europe, Asia Pacific and ROW)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

For any questions related to phenolic resin market or related to phenolic resin market share, phenolic resin market size, phenolic resin market analysis, phenolic resin applications, and phenolic resin manufacturers, write to Lucintel analysts at helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1.ExecutiveSummary
 
2. Global Phenolic Resin Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1: Macroeconomic Trends and Forecasts
3.2: Global Phenolic Resin Market Trends and Forecast
3.3: Global Phenolic Resin Market by Application
3.3.1: Wood Adhesive 
3.3.2: Molding Compounds
3.3.3: Laminates
3.3.4: Insulation
3.3.5: Coating
3.3.6: Paper Impregnation 
3.3.7: Others
3.4: Global Phenolic Resin Market by Type
3.4.1: Resol Phenolic Resin
3.4.2: Novolac Phenolic Resin
3.5: Global Phenolic Resin Market by End Use
3.5.1: Construction
3.5.2: Transportation
3.5.3: Electrical and Electronics
3.5.4: Furniture
3.5.5: Industrial
3.5.6: Others
 
4. Market Trends and Forecast Analysis by Region
4.1: Global Phenolic Resin Market by Region
4.2: North American Phenolic Resin Market
4.2.1: Market by Application: Wood Adhesive, Molding Compounds, Laminates, Insulation, Coating, Paper Impregnation and Others
4.2.2: US Phenolic Resin Market
4.2.3: Canadian Phenolic Resin Market
4.2.4: Mexican Phenolic Resin Market
4.3: Europe Phenolic Resin Market
4.3.1: Market by Application: Wood Adhesive, Molding Compounds, Laminates, Insulation, Coating, Paper Impregnation and Others
4.3.2:  Phenolic Resin Market of Western Europe
4.3.3:  Phenolic Resin Market of Central/Eastern Europe
4.4: APAC Phenolic Resin Market
4.4.1: Market by Application: Wood Adhesive, Molding Compounds, Laminates, Insulation, Coating, Paper Impregnation and Others
4.4.2: Chinese Phenolic Resin Market
4.4.3: Japanese Phenolic Resin Market
4.4.4: Indian Phenolic Resin Market
4.4.5: Taiwanese Phenolic Resin Market
4.4.6: Republic of Korea Phenolic Resin Market
4.5: ROW Phenolic Resin Market
4.5.1: Market by Application: Wood Adhesive, Molding Compounds, Laminates, Insulation, Coating, Paper Impregnation and Others
4.5.2: Central/South American Phenolic Resin Market
4.5.3: Middle Eastern Phenolic Resin Market
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Phenolic Resin Market by Application
6.1.2: Growth Opportunities for the Global Phenolic Resin Market by Type
6.1.3: Growth Opportunities for the Global Phenolic Resin Market by End Use
6.2: Emerging Trends in the Global Phenolic Resin Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Mergers and Acquisitions
6.3.3 Certification and Licensing
6.3.4 Capacity Expansion
 
7. Company Profiles of Leading Players
7.1: Bakelite Synthetics
7.2: ASK Chemicals
7.3: SQ Group
7.4: Sumitomo Bakelite Co. Ltd.
7.5: DIC Corporation
7.6: Mitsui Chemicals
7.7: Tembec
7.8: Ashland
7.9: Aica Kogyo
 

.

Buy full report or by chapter as follows

Price by License Type:
[-] Hide Chapter Details
[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: Phenolic Resin Market: Trends, Opportunities and Competitive Analysis [2024-2030] Full Report $ 4,850
141 figures/charts and 89 tables are provided in this 208 - page report
Chapter - 1: Executive Summary 6 $ 435
1. Executive Summary
Chapter - 2: Market Background and Classifications 26 $ 218
2. Market Background and Classifications
2.1 Introduction, Background, and Classifications
2.2 Supply Chain
2.3 Industry Drivers and Challenges
Chapter - 3: Market Trends and Forecast Analysis 53 $ 1,740
3. Market Trends and Forecast Analysis from 2011 to 2022 
3.1 Macroeconomic Trends and Forecast 
3.2 Global Phenolic Resin Market Trends and Forecast 
3.3 Global Phenolic Resin Market by Application 
3.3.1 Wood Adhesive
3.3.2 Molding Compounds
3.3.3 Laminates 
3.3.4 Insulation 
3.3.5 Coating
3.3.6 Paper Impregnation 
3.3.7 Others
3.4 Global Phenolic Resin Market by Type
3.5 Global Phenolic resin Market by End Use industry
Chapter - 4: Regional Analysis 42 $ 2,248
4. Market Trends and Forecast Analysis by Region
4.1 Global Phenolic Resin Market by Region 
4.2 North American Phenolic Resin Market 
4.2.1 Market by Application: Wood Adhesive, Molding Compounds, Laminates, Insulation, Coating, Paper Impregnation, and Others 
4.2.2 The US Phenolic Resin Market 
4.2.3 Canadian Phenolic Resin Market
4.2.4 Mexican Phenolic Resin Market 
4.3 European Phenolic Resin Market 
4.3.1 Market by Application: Wood Adhesive, Molding Compounds, Laminates, Insulation, Coating, Paper Impregnation, and Others 
4.3.2 Phenolic Resin Market of Western Europe
4.3.3 Phenolic Resin Market of Central / Eastern Europe 
4.4 APAC Phenolic Resin Market 
4.4.1 Market by Application: Wood Adhesive, Molding Compounds, Laminates, Insulation, Coating, Paper Impregnation, and Others
4.4.2 Chinese Phenolic Resin Market 
4.4.3 Japanese Phenolic Resin Market
4.4.4 Indian Phenolic Resin Market 
4.4.5 Taiwanese Phenolic Resin Market 
4.4.6 Republic of Korea Phenolic Resin Market 
4.5 Row Phenolic Resin Market 
4.5.1 Market by Application: Wood Adhesive, Molding Compounds, Laminates, Insulation, Coating, Paper Impregnation, and Others 
4.5.2 Central/ South American Phenolic Resin Market 
4.5.3 Middle Eastern Phenolic Resin Market
Chapter - 5: Competitor Analysis 10 $ 725
5. Competitor Analysis 
5.1 Product Portfolio Analysis 
5.2 Market Share Analysis
5.3 Operational Integration 
5.4 Porter’s Five Forces Analysis
Chapter - 6: Cost Structure Analysis 3 $ 508
6. Cost Structure Analysis 
6.1 Cost of goods sold 
6.2 R&D expense 
6.3 SG&A
Chapter - 7: Growth Opportunities and Strategic Analysis 19 $ 870
7. Growth Opportunities and Strategic Analysis
7.1 Growth Opportunity Analysis 
7.1.1 Growth Opportunities for the Global Phenolic Resin Market by Application 
7.1.2 Growth Opportunities for Global Phenolic Resin Market by End Use Industries 
7.1.3 Growth Opportunities for Global Phenolic Resin Market by Product Type 
7.1.4 Growth Opportunities for the Global Phenolic Resin Market by Region 
7.2 Emerging Trends in the Global Phenolic Resin Market 
7.3 Strategic Analysis
7.3.1 New Product Development 
7.3.2 Capacity Expansion of the Global Phenolic Resin Market 
7.3.3 Mergers, Acquisitions and Joint Ventures in the Global Phenolic resin Market 
7.3.4 Certification and Licensing
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

Please sign in below to get report brochure - Phenolic Resin Market.

At Lucintel, we respect your privacy and maintain the confidentiality of information / data provided by you
(Please enter your corporate email. * These fields are mandatory )
Have an Account / Returning Visitors?