Phenolic Resins Market, By Product Type (Resole, Novolac, Others), By Application (Wood Adhesives, Molding Compounds, Laminates, Insulation, Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Global Phenolic Resins Market is estimated to be valued at USD 13.92 Bn in 2025 and is expected to reach USD 19.09 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.6% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 13.92 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
4.60%
2032 Value Projection:
USD 19.09 Bn
Figure. Phenolic Resins Market Share (%), By Region 2025
Phenolic resins are synthetic polymers that are produced by the reaction of phenol or substituted phenol with formaldehyde. They are thermosetting resins and are excellent electrical insulators with high bond strength and heat resistance. Phenolic resins find wide application in wood adhesives, molding compounds, laminates, paper impregnation, insulation, and friction materials due to their properties. Increasing demand from the construction and automotive industries as well as growth of the electrical and electronics sectors is expected to drive demand for phenolic resins over the forecast period.
Market Dynamics:
The global phenolic resins market is driven by robust growth of the construction industry. Phenolic resins are widely used in wood adhesives for building and construction applications owing to their high heat resistance and dimensional stability. Rapid urbanization and increasing construction of residential and commercial buildings in developing nations is driving consumption. Moreover, wide application in automotive brakes, clutch facing and other friction components on account of their high friction coefficient and temperature resistance also supports market growth. However, volatility in raw material prices may hamper market growth. Development of bio-based phenolic resins using renewable feedstock presents lucrative opportunities for market players.
Key Features of the Study:
This report provides in-depth analysis of the global phenolic resins market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global phenolic resins market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include BASF SE, Chang Chun Plastics Co. Ltd., Georgia Pacific Chemicals LLC, Kolon Industries Inc., Prefere Resins, Mitsui Chemicals Inc., Sumitomo Bakelite Co., Ltd, Hitachi Chemical Co. Ltd., SI Group, Inc., Momentive Specialty Chemicals, Inc., Romit Resins Pvt. Ltd., RIECO Industries, Saraf Resin and Chemicals Pvt. Ltd., Kaydee Corporation, ABR Organic Limited, Revex Group, Uniform Synthetics, Polyols And Polymers
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global phenolic resins market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global phenolic resins market.
Market Segmentation
Product Type:
Resole
Novolac
Others
Application:
Wood Adhesives
Molding Compounds
Laminates
Insulation
Others
Regional:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
BASF SE
Chang Chun Plastics Co. Ltd.
Georgia Pacific Chemicals LLC
Kolon Industries Inc.
Prefere Resins
Mitsui Chemicals Inc.
Sumitomo Bakelite Co., Ltd
Hitachi Chemical Co. Ltd.
SI Group, Inc.
Momentive Specialty Chemicals, Inc.
Romit Resins Pvt. Ltd.
RIECO Industries
Saraf Resin and Chemicals Pvt. Ltd.
Kaydee Corporation
ABR Organic Limited
Revex Group
Uniform Synthetics
Polyols And Polymers
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend
4. Global Phenolic Resins Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting Global Phenolic Resins Market - COVID-19
Impact Analysis
5. Global Phenolic Resins Market, By Product Type, 2020-2032 (US$ Bn)
Introduction
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Resole
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Novolac
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
6. Global Phenolic Resins Market, By Application, 2020-2032 (US$ Bn)
Introduction
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2020 - 2032
Segment Trends
Wood Adhesives
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Molding Compounds
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Laminates
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Insulation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
7. Global Phenolic Resins Market, By Region, 2020-2032 (US$ Bn)
Introduction
Market Share Analysis, By Region, 2023, 2026, and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020 - 2032
North America
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
Market Size and Forecast, By Product Type, 2020- 2032 (US$ Bn)
Market Size and Forecast, By Application, 2020- 2032 (US$ Bn)
Countries
U.S.
Canada
Europe
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
Market Size and Forecast, By Product Type, 2020- 2032 (US$ Bn)
Market Size and Forecast, By Application, 2020- 2032 (US$ Bn)
Countries
U.K.
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
Market Size and Forecast, By Product Type, 2020- 2032 (US$ Bn)
Market Size and Forecast, By Application, 2020- 2032 (US$ Bn)
Countries
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Rest of Middle East & Africa
Market Share Analysis, By Country, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2020 - 2032
Market Size and Forecast, By Product Type, 2020- 2032 (US$ Bn)
Market Size and Forecast, By Application, 2020- 2032 (US$ Bn)