Phenolic Resins Market Size, Share & Trends Report

Phenolic Resins Market Size, Share & Trends Analysis Report By Product (Novolac, Resol), By Application (Wood Adhesives, Molding, Insulations, Laminates), By Other Applications, By Region, and Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-271-6
  • Number of Pages: 120
  • Format: Electronic (PDF)

Market Segmentation

  • Phenolic Resins Product Outlook (Volume, Kilotons; Revenue, USD Million; 2019 - 2030)
    • Novolac
    • Resol
      • Liquid Resol Resin
      • Solid Resol Resin
    • Others
  • Phenolic Resins Application Outlook (Volume, Kilotons; Revenue, USD Million; 2019 - 2030)
    • Wood Adhesives
    • Molding
      • Molding Compounds
      • Shell Molding
        • Coated Foundry Sand
    • Insulations
    • Laminates
    • Paper Impregnation
    • Coatings
    • Others
  • Phenolic Resins Other Applications Outlook (Volume, Kilotons; Revenue, USD Million; 2019 - 2030)
    • Abrasives
    • Composites
    • Carbon Binders
    • Friction Materials
    • Sound-proof Bonding Felt
    • Tires & Rubber
  • Phenolic Resins Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2019 - 2030)
    • North America
      • North America Phenolic Resins Market, By Product
        • Novolac
        • Resol
          • Liquid Resol Resin
          • Solid Resol Resin
        • Others
      • North America Phenolic Resins Market, By Application
        • Wood Adhesives
        • Molding
          • Molding Compounds
          • Shell Molding
            • Coated Foundry Sand
        • Insulations
        • Laminates
        • Paper Impregnation
        • Coatings
        • Others
      • North America Phenolic Resins Market, By Other applications
        • Abrasives
        • Composites
        • Carbon Binders
        • Friction Materials
        • Sound-proof Bonding Felt
        • Tires & Rubber
      • U.S.
        • U.S. Phenolic Resins Market, By Product
          • Novolac
          • Resol
            • Liquid Resol Resin
            • Solid Resol Resin
          • Others
        • U.S. Phenolic Resins Market, By Application
          • Wood Adhesives
          • Molding
            • Molding Compounds
            • Shell Molding
              • Coated Foundry Sand
          • Insulations
          • Laminates
          • Paper Impregnation
          • Coatings
          • Others
        • U.S. Phenolic Resins Market, By Other applications
          • Abrasives
          • Composites
          • Carbon Binders
          • Friction Materials
          • Sound-proof Bonding Felt
          • Tires & Rubber
      • Canada
        • Canada Phenolic Resins Market, By Product
          • Novolac
          • Resol
            • Liquid Resol Resin
            • Solid Resol Resin
          • Others
        • Canada Phenolic Resins Market, By Application
          • Wood Adhesives
          • Molding
            • Molding Compounds
            • Shell Molding
              • Coated Foundry Sand
          • Insulations
          • Laminates
          • Paper Impregnation
          • Coatings
          • Others
        • Canada Phenolic Resins Market, By Other applications
          • Abrasives
          • Composites
          • Carbon Binders
          • Friction Materials
          • Sound-proof Bonding Felt
          • Tires & Rubber
      • Mexico
        • Mexico Phenolic Resins Market, By Product
          • Novolac
          • Resol
            • Liquid Resol Resin
            • Solid Resol Resin
          • Others
        • Mexico Phenolic Resins Market, By Application
          • Wood Adhesives
          • Molding
            • Molding Compounds
            • Shell Molding
              • Coated Foundry Sand
          • Insulations
          • Laminates
          • Paper Impregnation
          • Coatings
          • Others
        • Mexico Phenolic Resins Market, By Other applications
          • Abrasives
          • Composites
          • Carbon Binders
          • Friction Materials
          • Sound-proof Bonding Felt
          • Tires & Rubber
    • Europe
      • Europe Phenolic Resins Market, By Product
        • Novolac
        • Resol
          • Liquid Resol Resin
          • Solid Resol Resin
        • Others
      • Europe Phenolic Resins Market, By Application
        • Wood Adhesives
        • Molding
          • Molding Compounds
          • Shell Molding
            • Coated Foundry Sand
        • Insulations
        • Laminates
        • Paper Impregnation
        • Coatings
        • Others
      • Europe Phenolic Resins Market, By Other applications
        • Abrasives
        • Composites
        • Carbon Binders
        • Friction Materials
        • Sound-proof Bonding Felt
        • Tires & Rubber
      • Germany
        • Germany Phenolic Resins Market, By Product
          • Novolac
          • Resol
            • Liquid Resol Resin
            • Solid Resol Resin
          • Others
        • Germany Phenolic Resins Market, By Application
          • Wood Adhesives
          • Molding
            • Molding Compounds
            • Shell Molding
              • Coated Foundry Sand
          • Insulations
          • Laminates
          • Paper Impregnation
          • Coatings
          • Others
        • Germany Phenolic Resins Market, By Other applications
          • Abrasives
          • Composites
          • Carbon Binders
          • Friction Materials
          • Sound-proof Bonding Felt
          • Tires & Rubber
      • U.K.
        • U.K. Phenolic Resins Market, By Product
          • Novolac
          • Resol
            • Liquid Resol Resin
            • Solid Resol Resin
          • Others
        • U.K. Phenolic Resins Market, By Application
          • Wood Adhesives
          • Molding
            • Molding Compounds
            • Shell Molding
              • Coated Foundry Sand
          • Insulations
          • Laminates
          • Paper Impregnation
          • Coatings
          • Others
        • U.K. Phenolic Resins Market, By Other applications
          • Abrasives
          • Composites
          • Carbon Binders
          • Friction Materials
          • Sound-proof Bonding Felt
          • Tires & Rubber
      • France
        • France Phenolic Resins Market, By Product
          • Novolac
          • Resol
            • Liquid Resol Resin
            • Solid Resol Resin
          • Others
        • France Phenolic Resins Market, By Application
          • Wood Adhesives
          • Molding
            • Molding Compounds
            • Shell Molding
              • Coated Foundry Sand
          • Insulations
          • Laminates
          • Paper Impregnation
          • Coatings
          • Others
        • France Phenolic Resins Market, By Other applications
          • Abrasives
          • Composites
          • Carbon Binders
          • Friction Materials
          • Sound-proof Bonding Felt
          • Tires & Rubber
      • Italy
        • Italy Phenolic Resins Market, By Product
          • Novolac
          • Resol
            • Liquid Resol Resin
            • Solid Resol Resin
          • Others
        • Italy Phenolic Resins Market, By Application
          • Wood Adhesives
          • Molding
            • Molding Compounds
            • Shell Molding
              • Coated Foundry Sand
          • Insulations
          • Laminates
          • Paper Impregnation
          • Coatings
          • Others
        • Italy Phenolic Resins Market, By Other applications
          • Abrasives
          • Composites
          • Carbon Binders
          • Friction Materials
          • Sound-proof Bonding Felt
          • Tires & Rubber
    • Asia Pacific
      • Asia Pacific Phenolic Resins Market, By Product
        • Novolac
        • Resol
          • Liquid Resol Resin
          • Solid Resol Resin
        • Others
      • Asia Pacific Phenolic Resins Market, By Application
        • Wood Adhesives
        • Molding
          • Molding Compounds
          • Shell Molding
            • Coated Foundry Sand
        • Insulations
        • Laminates
        • Paper Impregnation
        • Coatings
        • Others
      • Asia Pacific Phenolic Resins Market, By Other applications
        • Abrasives
        • Composites
        • Carbon Binders
        • Friction Materials
        • Sound-proof Bonding Felt
        • Tires & Rubber
      • China
        • China Phenolic Resins Market, By Product
          • Novolac
          • Resol
            • Liquid Resol Resin
            • Solid Resol Resin
          • Others
        • China Phenolic Resins Market, By Application
          • Wood Adhesives
          • Molding
            • Molding Compounds
            • Shell Molding
              • Coated Foundry Sand
          • Insulations
          • Laminates
          • Paper Impregnation
          • Coatings
          • Others
        • China Phenolic Resins Market, By Other applications
          • Abrasives
          • Composites
          • Carbon Binders
          • Friction Materials
          • Sound-proof Bonding Felt
          • Tires & Rubber
      • India
        • India Phenolic Resins Market, By Product
          • Novolac
          • Resol
            • Liquid Resol Resin
            • Solid Resol Resin
          • Others
        • India Phenolic Resins Market, By Application
          • Wood Adhesives
          • Molding
            • Molding Compounds
            • Shell Molding
              • Coated Foundry Sand
          • Insulations
          • Laminates
          • Paper Impregnation
          • Coatings
          • Others
        • India Phenolic Resins Market, By Other applications
          • Abrasives
          • Composites
          • Carbon Binders
          • Friction Materials
          • Sound-proof Bonding Felt
          • Tires & Rubber
      • Japan
        • Japan Phenolic Resins Market, By Product
          • Novolac
          • Resol
            • Liquid Resol Resin
            • Solid Resol Resin
          • Others
        • Japan Phenolic Resins Market, By Application
          • Wood Adhesives
          • Molding
            • Molding Compounds
            • Shell Molding
              • Coated Foundry Sand
          • Insulations
          • Laminates
          • Paper Impregnation
          • Coatings
          • Others
        • Japan Phenolic Resins Market, By Other applications
          • Abrasives
          • Composites
          • Carbon Binders
          • Friction Materials
          • Sound-proof Bonding Felt
          • Tires & Rubber
    • Central & South America
      • Central & South America Phenolic Resins Market, By Product
        • Novolac
        • Resol
          • Liquid Resol Resin
          • Solid Resol Resin
        • Others
      • Central & South America Phenolic Resins Market, By Application
        • Wood Adhesives
        • Molding
          • Molding Compounds
          • Shell Molding
            • Coated Foundry Sand
        • Insulations
        • Laminates
        • Paper Impregnation
        • Coatings
        • Others
      • Central & South America Phenolic Resins Market, By Other applications
        • Abrasives
        • Composites
        • Carbon Binders
        • Friction Materials
        • Sound-proof Bonding Felt
        • Tires & Rubber
      • Brazil
        • Brazil Phenolic Resins Market, By Product
          • Novolac
          • Resol
            • Liquid Resol Resin
            • Solid Resol Resin
          • Others
        • Brazil Phenolic Resins Market, By Application
          • Wood Adhesives
          • Molding
            • Molding Compounds
            • Shell Molding
              • Coated Foundry Sand
          • Insulations
          • Laminates
          • Paper Impregnation
          • Coatings
          • Others
        • Brazil Phenolic Resins Market, By Other applications
          • Abrasives
          • Composites
          • Carbon Binders
          • Friction Materials
          • Sound-proof Bonding Felt
          • Tires & Rubber
      • Argentina
        • Argentina Phenolic Resins Market, By Product
          • Novolac
          • Resol
            • Liquid Resol Resin
            • Solid Resol Resin
          • Others
        • Argentina Phenolic Resins Market, By Application
          • Wood Adhesives
          • Molding
            • Molding Compounds
            • Shell Molding
              • Coated Foundry Sand
          • Insulations
          • Laminates
          • Paper Impregnation
          • Coatings
          • Others
        • Argentina Phenolic Resins Market, By Other applications
          • Abrasives
          • Composites
          • Carbon Binders
          • Friction Materials
          • Sound-proof Bonding Felt
          • Tires & Rubber
    • Middle East & Africa
      • Middle East & Africa Phenolic Resins Market, By Product
        • Novolac
        • Resol
          • Liquid Resol Resin
          • Solid Resol Resin
        • Others
      • Middle East & Africa Phenolic Resins Market, By Application
        • Wood Adhesives
        • Molding
          • Molding Compounds
          • Shell Molding
            • Coated Foundry Sand
        • Insulations
        • Laminates
        • Paper Impregnation
        • Coatings
        • Others
      • Middle East & Africa Phenolic Resins Market, By Other applications
        • Abrasives
        • Composites
        • Carbon Binders
        • Friction Materials
        • Sound-proof Bonding Felt
        • Tires & Rubber
      • GCC Countries
        • GCC Countries Phenolic Resins Market, By Product
          • Novolac
          • Resol
            • Liquid Resol Resin
            • Solid Resol Resin
          • Others
        • GCC Countries Phenolic Resins Market, By Application
          • Wood Adhesives
          • Molding
            • Molding Compounds
            • Shell Molding
              • Coated Foundry Sand
          • Insulations
          • Laminates
          • Paper Impregnation
          • Coatings
          • Others
        • GCC Countries Phenolic Resins Market, By Other applications
          • Abrasives
          • Composites
          • Carbon Binders
          • Friction Materials
          • Sound-proof Bonding Felt
          • Tires & Rubber
      • South Africa
        • South Africa Phenolic Resins Market, By Product
          • Novolac
          • Resol
            • Liquid Resol Resin
            • Solid Resol Resin
          • Others
        • South Africa Phenolic Resins Market, By Application
          • Wood Adhesives
          • Molding
            • Molding Compounds
            • Shell Molding
              • Coated Foundry Sand
          • Insulations
          • Laminates
          • Paper Impregnation
          • Coatings
          • Others
        • South Africa Phenolic Resins Market, By Other applications
          • Abrasives
          • Composites
          • Carbon Binders
          • Friction Materials
          • Sound-proof Bonding Felt
          • Tires & Rubber

Phenolic Resins Market Dynamics

Driver: Rising Demand For Insulation & Engineered Wood Products

Phenolic resins are commonly used to produce decorative & industrial laminates for the construction industry. Growth in domestic manufacturing of cabinets, furniture, wall panels, and associated construction materials and an increase in residential housing utilizing engineered wood products are likely to present lucrative opportunities for these laminates across the globe. Woodworking adhesives are being utilized to a vast extent in furniture, consumer goods, construction, and architecture applications. Advancements in building & construction activities and better credit availability to foster real estate sales in developed regions are driving the demand for advanced building materials globally. Rising shale gas production in the U.S. has lowered domestic energy costs and, in turn, boosted production levels of other plastic resins and phenolic resins across various manufacturing industries and increased their profit margins as well. Construction spending in the country increased annually from 2015 to 2021; this trend is expected to continue over the forecast period owing to the aforementioned factors, further boosting the demand for phenolic resins over the forecast period.

Driver: Growing Demand From Plywood Industry

Phenolic resin is widely used in the plywood industry as a bonding material. Benefits such as strong stable molding processing performance, mechanical properties, low cost, and flame retardancy are propelling its demand in the plywood industry. Thus, increasing applications of plywood in end use applications are expected to drive the plywood industry growth, which, in turn, is anticipated to create huge demand for phenolic resin. Rapid growth of the furniture industry across the globe and rising industrialization and urbanization are fueling the growth of plywood in the construction industry. The growing construction industry in countries such as India, China, and the U.S. is anticipated to create lucrative opportunities for the plywood industry, thereby creating a demand for phenolic resin. The growing number of startups has led the co-working companies to expand their locations and set up new co-working spaces which can drive the demand for plywood in manufacturing furniture, thus positively impacting the phenolic resins market over the forecast period.

Restraint: Fluctuating Raw Material Prices

Major raw materials used in phenolic include phenol and formaldehyde. The raw material prices are expected to witness fluctuations in the coming years. Future supply-demand changes are expected to lead to volatility in the prices of phenolic resins as well. Most of the raw materials of phenol such as benzene and propane are derived from crude oil. Thus, variation in crude oil prices has a significant impact on phenolic resins prices. Fluctuations in crude oil prices can be attributed to supply-demand imbalances, seasonal variations, and political stability. Global crude oil prices have witnessed severe fluctuations in the recent past. This can be attributed to social and political unrest in the major crude oil-producing countries. This factor has adversely impacted the crude oil supply, thus creating inelasticity in the supply and demand balance and causing price fluctuations and hence hampering the market growth.

What Does This Report Include?

This section will provide insights into the contents included in this phenolic resins market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Phenolic resins market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Phenolic resins market quantitative analysis

  • Market size, estimates, and forecast from 2019 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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