Phenolic resins, also known as phenol–formaldehyde resins, are synthetic polymers that are formed from the reaction of phenol or substituted phenol with formaldehyde at high temperatures. These are broadly used in wood adhesives, molding compounds, and laminates. The resins are flame-retardant, validate high heat resistance, high tensile strength, and low toxicity, and generate low smoke. These resins have good chemical and physical properties like high mechanical strength, good heat resistance, low toxicity, and low smoke formation. These characteristics of resins have subsidized to the development of phenolic resin market. It is confidential further into novolacs and resolves that have high temperature and chemical stability. Phenolic resins are used in manufacturing circuit boards and the wide range of molded products such as billiard balls, laboratory countertops, as well as in coatings and adhesives. Developing trends, which have a direct impact on the dynamics of the phenolic resin industry, contain the development of bio based phenolic resin, and upgraded penetration of phenolic resin in applications where fire, smoke, and toxicity properties are required.

The phenolic resin market is projected reach more than US$ 20.12 billion by 2027, at a CAGR of 5.8%.

Global Phenolic Resin market is segmented based on the End-use Industry as Automotive, building & construction, Furniture. On the basis of Type as, the global Phenolic Resin market is segregated as Resol Resin, Novolac Resin, On the basis of Application as Wood Adhesives, Molding, Insulation.

Global Phenolic Resin market report covers various regions including North America, Europe, Asia Pacific, and Rest of World. The regional Phenolic Resin market is further bifurcated for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others.

Research Methodology:

To calculate the market size, the report considers the revenue generated from the sales of Phenolic Resin market manufacturers. The revenue generated from the sales of Phenolic Resin manufacturer has been calculated through primary and secondary research.

The market size estimation also considered leading players revenues as part of triangulation the key players considered are Hexion Inc. (US),  Hitachi Chemical Co. Ltd. (Japan), Sumitomo Bakelite Co. Ltd. (Japan), BASF SE (Germany), SI Group Inc. (US), DIC Corporation Inc. (Japan), Kolon Industries Inc. (South Korea), Shandong Laiwu new material Co. Ltd (China), Changshu South-East Plastic Co., Ltd. (China). Availability Services among others operating in the Phenolic Resin market across the globe identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes types of segmentation determined using secondary sources and verified through primary sources.

The Phenolic Resin Market has been segmented as below:

Phenolic Resin Market, By Application

• Insulation
• Paper Impregnation
• Coatings
• Others
• Wood adhesives
• Foundry
• Molding
• Laminates

Phenolic Resin Market, By End-Use Industry

• Furniture
• Electrical & electronics
• Others
• Automotive
• Building & construction

Phenolic Resin Market, By Type

• Novolac resin
• Others
• Resol resin

• Liquid Resol resin
• Solid Resol resin

Phenolic Resin Market, By Region

• North America
• Europe
• Asia Pacific
• Rest of World

Report scope:

The global Phenolic Resin market report covers detailed study with the underlying influencing factors for the variations in the industry growth trends. The report scope includes market analysis on regional as well as country level.

Reasons to Buy this Report:

• Gain comprehensive insights on the industry trends
• Identify industry opportunities and key growth segments
• Obtain complete market study on the Phenolic Resin market

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