The global Phenolic Resin Market is projected to reach USD 16.10 Billion by 2027, at a CAGR of over 5% during the forecast period due to increasing demand from the tire industry. Based on type, the market has been categorized into resol resin, novolac resin, and others. The Resol resin is expected to lead the global phenolic resin market during 2022-2027, followed by novolac resin due to its rising use in the wood adhesives application. And its various properties like high flexibility, heat resistance, mechanical strength excellent friction properties. Based on applications, the global phenolic resin market is classified into wood adhesives, Molding, laminates, foundry, insulation, and others. In 2021, the wood adhesives application dominated the market due to the growing construction industry whereas the Molding application is also expected to grow at the highest CAGR during the forecast period. Some of the leading players in the market are Sumitomo Bakelite Co. Ltd., DIC Corporation, BASF SE, among others.
Some of the leading players in the Global Phenolic Resin Market are DIC Corporation, Hexion Inc., Sumitomo Bakelite Co. Ltd., Hubergroup, Shandong Laiwu Runda New Material Co., Ltd., BASF SE, Changshu South-East Plastic Co. Ltd., Hitachi Chemical Co. Ltd., SI Group, Inc, Jinan Shengquan Group Share Holding Co., Ltd, Kolon Industries, Inc. Inabata & Co Ltd, etc.
The objective of the Study:
- To analyze and forecast the market size of the Phenolic Resin Market, in terms of value and volume.
- To classify and forecast Global Phenolic Resin Market based on type, application, end-use industry, and regional distribution.
- To identify drivers and challenges for Global Phenolic Resin Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Phenolic Resin Market.
- To conduct the pricing analysis for the Phenolic Resin Market.
- To identify and analyze the profile of leading players involved in the manufacturing of Global Phenolic Resin Market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.
TechSci Research calculated the market size of Global Phenolic Resin Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Phenolic Resin Manufacturers
- Traders, Distributors, and Suppliers
- Raw Material Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute |
Details |
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Base Year |
2021 |
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Historical Data |
2017 – 2020 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
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Regional scope |
North America; Europe; Asia Pacific; South America; Middle East & Africa |
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Country scope |
United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Singapore, Malaysia, Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Qatar, Brazil, Argentina, Colombia |
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Key companies profiled |
DIC Corporation, Hexion Inc., Sumitomo Bakelite Co. Ltd., Shandong Laiwu Runda New Material Co., Ltd., Hubergroup, BASF SE, Changshu South-East Plastic Co. Ltd., Hitachi Chemical Co. Ltd., SI Group, Inc, Inabata & Co Ltd., Kolon Industries, Inc. |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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Report Scope:
In this report, Global Phenolic Resin Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Phenolic Resin Market, By Feedstock:
- Phenol
- Lignin
- Others
- Phenolic Resin Market, By Type:
- Resol Resin
- Novolac Resin
- Others
- Phenolic Resin Market, By Application:
- Wood Adhesives
- Molding
- Foundry
- Insulation
- Laminates
- Others
- Phenolic Resin Market, By End-User Industry:
- Electrical & Electronics
- Automotive
- Building & Construction
- Others
- Phenolic Resin Market, by Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
- Asia Pacific
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Phenolic Resin Market.
Available Customizations:
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
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Table of Content- Phenolic Resin Market
- Product Overview
- Research Methodology
- Executive Summary
- Voice of Customer
4.1. Product Awareness
4.2. Product Pricing
4.3. Challenges & Unmet Needs
- Impact of COVID-19 on Global Phenolic Resin Market
- Global Phenolic Resin Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type (Resol Resin, Novolac Resin and Others)
6.2.2. By Application (Wood Adhesives, Molding, Foundry, Insulation, Laminates and Others)
6.2.3. By End-User Industry (Electrical & Electronics, Automotive, Building & Construction and Others)
6.2.4. By Feedstock
6.2.5. By Region
6.2.6. By Company
6.3. Market Attractiveness Index
- Asia-Pacific Phenolic Resin Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Application
7.2.3. By Feedstock
7.2.4. By Country
7.3. Market Attractiveness Index
7.4. Asia-Pacific: Country Analysis
7.4.1. China Phenolic Resin Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value & Volume
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Type
7.4.1.3. Market Attractiveness Index
7.4.2. India Phenolic Resin Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value & Volume
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Type
7.4.2.3. Market Attractiveness Index
7.4.3. Japan Phenolic Resin Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value & Volume
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Type
7.4.3.3. Market Attractiveness Index
7.4.4. South Korea Phenolic Resin Market Outlook
7.4.4.1. Market Size & Forecast
7.4.4.1.1. By Value & Volume
7.4.4.2. Market Share & Forecast
7.4.4.2.1. By Type
7.4.4.3. Market Attractiveness Index
7.4.5. Australia Phenolic Resin Market Outlook
7.4.5.1. Market Size & Forecast
7.4.5.1.1. By Value & Volume
7.4.5.2. Market Share & Forecast
7.4.5.2.1. By Type
7.4.5.3. Market Attractiveness Index
7.4.6. Singapore Phenolic Resin Market Outlook
7.4.6.1. Market Size & Forecast
7.4.6.1.1. By Value & Volume
7.4.6.2. Market Share & Forecast
7.4.6.2.1. By Type
7.4.6.3. Market Attractiveness Index
7.4.7. Malaysia Phenolic Resin Market Outlook
7.4.7.1. Market Size & Forecast
7.4.7.1.1. By Value & Volume
7.4.7.2. Market Share & Forecast
7.4.7.2.1. By Type
7.4.7.3. Market Attractiveness Index
- Europe & CIS Phenolic Resin Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Application
8.2.3. By Feedstock
8.2.4. By Country
8.3. Market Attractiveness Index
8.4. Europe: Country Analysis
8.4.1. France Phenolic Resin Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Type
8.4.1.3. Market Attractiveness Index
8.4.2. Germany Phenolic Resin Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Type
8.4.2.3. Market Attractiveness Index
8.4.3. United Kingdom Phenolic Resin Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Type
8.4.3.3. Market Attractiveness Index
8.4.4. Italy Phenolic Resin Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value & Volume
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Type
8.4.4.3. Market Attractiveness Index
8.4.5. Spain Phenolic Resin Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value & Volume
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Type
8.4.5.3. Market Attractiveness Index
- North America Phenolic Resin Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Application
9.2.3. By Feedstock
9.2.4. By Country
9.3. Market Attractiveness Index
9.4. North America: Country Analysis
9.4.1. United States Phenolic Resin Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value & Volume
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Type
9.4.1.3. Market Attractiveness Index
9.4.2. Mexico Phenolic Resin Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value & Volume
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Type
9.4.2.3. Market Attractiveness Index
9.4.3. Canada Phenolic Resin Market Outlook
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value & Volume
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Type
9.4.3.3. Market Attractiveness Index
- South America Phenolic Resin Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Application
10.2.3. By Country
10.3. Market Attractiveness Index
10.4. South America: Country Analysis
10.4.1. Brazil Phenolic Resin Market Outlook
10.4.1.1. Market Size & Forecast
10.4.1.1.1. By Value & Volume
10.4.1.2. Market Share & Forecast
10.4.1.2.1. By Type
10.4.1.3. Market Attractiveness Index
10.4.2. Argentina Phenolic Resin Market Outlook
10.4.2.1. Market Size & Forecast
10.4.2.1.1. By Value & Volume
10.4.2.2. Market Share & Forecast
10.4.2.2.1. By Type
10.4.2.3. Market Attractiveness Index
10.4.3. Colombia Phenolic Resin Market Outlook
10.4.3.1. Market Size & Forecast
10.4.3.1.1. By Value & Volume
10.4.3.2. Market Share & Forecast
10.4.3.2.1. By Type
10.4.3.3. Market Attractiveness Index
- Middle East and Africa Phenolic Resin Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Type
11.2.2. By Application
11.2.3. By Feedstock
11.2.4. By Country
11.3. Market Attractiveness Index
11.4. MEA: Country Analysis
11.4.1. South Africa Phenolic Resin Market Outlook
11.4.1.1. Market Size & Forecast
11.4.1.1.1. By Value & Volume
11.4.1.2. Market Share & Forecast
11.4.1.2.1. By Type
11.4.1.3. Market Attractiveness Index
11.4.2. Saudi Arabia Phenolic Resin Market Outlook
11.4.2.1. Market Size & Forecast
11.4.2.1.1. By Value & Volume
11.4.2.2. Market Share & Forecast
11.4.2.2.1. By Type
11.4.2.3. Market Attractiveness Index
11.4.3. UAE Phenolic Resin Market Outlook
11.4.3.1. Market Size & Forecast
11.4.3.1.1. By Value & Volume
11.4.3.2. Market Share & Forecast
11.4.3.2.1. By Type
11.4.3.3. Market Attractiveness Index
11.4.4. Qatar Phenolic Resin Market Outlook
11.4.4.1. Market Size & Forecast
11.4.4.1.1. By Value & Volume
11.4.4.2. Market Share & Forecast
11.4.4.2.1. By Type
11.4.4.3. Market Attractiveness Index
- Supply Chain Analysis
- Market Dynamics
13.1. Drivers
13.2. Challenges
- Market Trends & Developments
- Policy & Regulatory Landscape
- Competitive Landscape
16.1. Competition Outlook
16.2. Company Profiles (Top 10 Companies)
16.2.1. DIC Corporation
16.2.2. Hexion Inc.,
16.2.3. Sumitomo Bakelite Co. Ltd.
16.2.4. Shandong Laiwu Runda New Material Co., Ltd.,
16.2.5. BASF SE
16.2.6. Changshu South-East Plastic Co. Ltd.
16.2.7. Hitachi Chemical Co. Ltd.,
16.2.8. SI Group, Inc,
16.2.9. Hubergroup.
16.2.10. Inabata & Co Ltd
16.2.11. Booregard
16.2.12. Kolon Industries, Inc.
16.2.13. Chang Chun Group
16.2.14. Asahi Yukizai Corporation,
17. Strategic Recommendations
