Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 13.72 billion

Market Size (2029)

USD 18.20 billion

CAGR (2024-2029)

5.31%

Fastest Growing Segment

Novolac

Largest Market

Asia Pacific

 

Market Overview

Global Phenolic Resins Market was valued at USD 13.72 billion in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 5.31% through 2028. Phenolic resins, derived from the condensation of phenol and formaldehyde, exhibit exceptional heat resistance, mechanical strength, and flame-retardant properties. These resins find extensive use across industries such as automotive, construction, electronics, and aerospace due to their adhesive, coating, and composite applications.

The phenolic resins market is navigating a dynamic landscape characterized by evolving industry trends, regulatory challenges, and promising opportunities. As the demand for high-performance materials continues to rise, the strategic positioning of companies, coupled with a commitment to sustainability and innovation, will be key determinants of success in this vibrant market.

Key Market Drivers

Diverse Industrial Applications

Phenolic resins owe their popularity to their adaptability across a wide range of industries. In the automotive sector, these resins play a pivotal role in the production of lightweight composites, aligning with the industry's pursuit of fuel efficiency without compromising on structural integrity. The construction industry, a significant consumer of phenolic resins, utilizes them in laminates, adhesives, and coatings, contributing to the durability and fire resistance of various structures.

Electronics and electrical applications benefit from the insulating properties of phenolic resins, particularly in the manufacturing of circuit boards. This not only enhances the performance of electronic devices but also ensures the safety and reliability of electrical systems. In the aerospace industry, where lightweight and durable materials are paramount, phenolic resins find applications in components that require both strength and fire resistance.

The inherent fire-resistant characteristics of phenolic resins make them indispensable in industries where safety is of utmost concern. Their ability to withstand high temperatures without compromising structural integrity positions them as a preferred choice in applications where fire safety standards are stringent. As industries worldwide are embracing sustainability, the phenolic resins market is witnessing a shift towards eco-friendly solutions. The development of bio-based and environmentally friendly phenolic resins caters to the growing demand for sustainable materials, ensuring that these polymers remain relevant in an environmentally conscious business landscape.

Strong Demand in Construction Sector

The phenolic resins market is experiencing a significant boost, and a key driver behind this surge is the robust demand emanating from the construction sector. As construction activities globally witness an upswing, the versatile applications of phenolic resins in this industry have become increasingly indispensable.

Phenolic resins are employed across various facets of the construction sector, contributing to the strength, durability, and fire resistance of a myriad of structures. These resins find extensive use in laminates, adhesives, coatings, and other construction materials, offering solutions that enhance the overall performance and longevity of buildings. One of the primary reasons for the strong demand for phenolic resins in the construction sector is their ability to enhance the structural integrity of materials. Phenolic resin-based laminates, for instance, are widely utilized for their high tensile strength and resistance to impact, making them ideal for applications where durability is paramount.

In construction, especially in the design and construction of commercial and public buildings, adherence to stringent fire safety standards is crucial. Phenolic resins, renowned for their excellent fire-resistant properties, are favoured materials for manufacturing fire-retardant coatings and structural elements, contributing significantly to the overall safety of constructed spaces.

With a growing emphasis on sustainable construction practices, phenolic resins have garnered attention for their potential to contribute to environmentally friendly building solutions. Some formulations of phenolic resins are derived from renewable resources, aligning with the industry's commitment to sustainable and eco-friendly materials. As countries worldwide embark on ambitious infrastructure projects and urban development initiatives, the demand for construction materials, including those incorporating phenolic resins, is experiencing a notable surge. The construction boom in emerging economies, in particular, presents lucrative opportunities for phenolic resin manufacturers.

Fire Resistant Properties

Phenolic resins, synthesized from the condensation of phenol and formaldehyde, inherently possess exceptional fire-resistant characteristics. This inherent property makes them a sought-after material in various industries where safety is paramount. The ability of phenolic resins to resist combustion and prevent the spread of flames positions them as a reliable choice in applications where fire safety is a non-negotiable requirement.

The construction sector, in particular, has emerged as a significant consumer of phenolic resins owing to their unparalleled fire-resistant properties. These resins are extensively used in the formulation of fire-retardant coatings, laminates, and structural elements. In the design and construction of commercial buildings, public spaces, and transportation infrastructure, adherence to stringent fire safety standards is imperative. Phenolic resins, with their ability to withstand high temperatures and prevent the propagation of fire, play a crucial role in ensuring the safety and integrity of constructed spaces.

Beyond construction, the automotive and aerospace industries also leverage the fire-resistant properties of phenolic resins. In these sectors, materials that can withstand extreme temperatures are essential for ensuring the safety of vehicles and aircraft components. Phenolic resins contribute to the development of lightweight and fire-resistant composites, aligning with the industry's focus on enhancing safety without compromising efficiency.



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Key Market Challenges

Environmental Regulations

The phenolic resins market, while flourishing due to its versatile applications, faces a formidable challenge in the form of stringent environmental regulations. As global awareness of environmental sustainability intensifies, the production processes and raw materials involved in phenolic resins have come under scrutiny, presenting significant hurdles for industry players.

One of the primary challenges stems from the chemical nature of phenolic resins' production, involving the condensation of phenol and formaldehyde. The synthesis process often employs chemicals that raise environmental concerns, leading to increased scrutiny and the need for adherence to strict regulatory standards.

Environmental regulations, designed to mitigate the environmental impact of industrial processes, often impose stringent emission standards on companies involved in the production of phenolic resins. This requires manufacturers to invest in advanced emission control technologies and processes, leading to increased operational costs.

The push towards sustainability and green practices has intensified the search for bio-based and environmentally friendly alternatives to traditional phenolic resins. While some strides have been made in developing eco-friendly formulations, achieving a balance between performance, cost, and sustainability remains a significant challenge.

Substitution by Alternative Materials

The phenolic resins market, known for its versatility and wide-ranging applications, is currently navigating the challenges posed by the emergence of alternative materials. As industries seek novel solutions and advancements, the market for phenolic resins is witnessing increased competition from substitutes, introducing complexities and strategic considerations for industry stakeholders.

The landscape of materials in industries like automotive, construction, and electronics is continuously evolving. New materials with properties comparable to or even surpassing those of phenolic resins have entered the scene, challenging the established market dynamics.

One of the primary challenges for the phenolic resins market is the development of alternative materials that offer comparable or superior performance characteristics. Innovations in materials science are driving the creation of substitutes that may be lighter, more cost-effective, or environmentally friendly, posing a threat to the traditional dominance of phenolic resins.Cost competitiveness is a critical factor influencing the substitution dynamics. If alternative materials can offer similar benefits at a lower cost, industries may be inclined to shift away from phenolic resins, impacting market share and profitability for phenolic resin manufacturers.

Key Market Trends

Advancement in Technology

In the dynamic landscape of industrial materials, technological advancements stand out as a key driver propelling the phenolic resins market forward. As research and development efforts continue to push the boundaries of material science, the evolving technologies surrounding phenolic resins are unlocking new possibilities and applications.

One of the primary ways technology is driving the phenolic resins market is through innovations in production processes. Advanced manufacturing techniques, catalyzed by technological breakthroughs, are enhancing the efficiency and scalability of phenolic resin production. From novel catalysts to optimized reaction conditions, these innovations are contributing to a more sustainable and cost-effective manufacturing landscape.

Advancements in technology are instrumental in improving the performance characteristics of phenolic resins. Researchers and engineers are fine-tuning formulations to enhance properties such as mechanical strength, thermal stability, and flame resistance. These improvements not only meet the ever-growing demand for high-performance materials but also expand the range of applications across diverse industries.

The integration of nanotechnology is another noteworthy technological trend in the phenolic resins market. Nanoparticles, when incorporated into phenolic resins, can impart unique properties, such as increased strength and improved thermal conductivity. This level of customization allows for the development of tailored solutions that cater to specific industry requirements.

Focus on Lightweight Materials

The automotive sector, in particular, is a significant driver behind the demand for lightweight materials, and phenolic resins have stepped into the spotlight. Manufacturers are increasingly turning to phenolic resins to create lightweight composites for components such as interior panels, under-the-hood applications, and structural components. This not only contributes to fuel efficiency but also enhances the overall performance and sustainability of vehicles.

In the aerospace industry, where every ounce matters, phenolic resins are playing a crucial role in the development of lightweight materials for aircraft components. From interior structures to composite materials used in aircraft construction, phenolic resins offer the perfect balance of strength and weight, meeting the stringent requirements of the aerospace sector.

The construction industry is also leveraging the advantages of lightweight materials, and phenolic resins are finding applications in various construction materials. Lightweight panels, laminates, and insulation materials based on phenolic resins are gaining popularity for their ability to reduce the overall weight of structures while maintaining structural integrity and fire resistance.

Growing Focus on Fire Safety

Phenolic resins, derived from the condensation of phenol and formaldehyde, possess intrinsic flame-retardant characteristics. This fundamental property sets them apart in industries where fire safety standards are stringent. From construction materials to automotive components, the use of phenolic resins is instrumental in reducing the risk of fire and limiting the spread of flames.

In the construction industry, where safety codes and regulations demand materials that can withstand fire hazards, phenolic resins have become a go-to choice. These resins find applications in fire-resistant coatings, laminates, and structural elements, contributing to the development of structures that prioritize safety without compromising on durability.

As awareness of fire safety grows globally, industries are aligning their practices with stringent safety standards. Phenolic resins, by providing an effective barrier against flames, offer a solution that meets and exceeds these standards. This is particularly crucial in applications where human safety and the protection of valuable assets are non-negotiable.

The emphasis on fire safety is driving innovation within the phenolic resins market. Research and development efforts are focused on enhancing the fire resistance of these resins further, ensuring that they remain at the forefront of materials used in critical applications.

Segmental Insights

Product Insights

Based on product, the phenolic resins market is a dynamic landscape where diverse formulations cater to specific industrial needs. Noviolac dominated the market in 2023. Novolac phenolic resins are characterized by their higher cross-link density, making them thermosetting polymers with enhanced heat resistance. This variant is notable for its excellent resistance to chemicals and corrosion, making it particularly suitable for applications in the manufacturing of coatings, adhesives, and molded components. Novolac resins are often favored in scenarios where durability and chemical resistance are paramount. Likewise, Resol phenolic resins, on the other hand, are known for their excellent heat resistance and adhesive properties. These resins undergo polymerization reactions that result in a three-dimensional network structure. Resol resins are widely used in the production of molded components, laminates, and coatings. Their ability to withstand high temperatures makes them integral to applications where thermal stability is critical.

Application Insights

One of the primary applications of phenolic resins is in the manufacturing of wood adhesives. The strong bonding capabilities of phenolic resins make them an ideal choice for joining wood components in furniture, plywood, and other wooden structures. The adhesive ensures durability and resistance to moisture, contributing to the longevity of bonded wood materials.

Phenolic resins play a pivotal role in molding applications, particularly in the production of molded components. The ability of phenolic resins to undergo polymerization reactions, forming a three-dimensional network structure, makes them suitable for creating molded parts with superior strength, heat resistance, and dimensional stability. This application is prevalent in industries ranging from automotive to aerospace.

In the realm of insulation materials, phenolic resins shine for their excellent thermal insulation properties. Phenolic foam, derived from these resins, is widely used in building insulation applications. Its low thermal conductivity and fire resistance make it a preferred choice for insulating walls, roofs, and floors in residential and commercial constructions.

Phenolic resins are integral to the production of laminates used in various industries. Laminates made from phenolic resins exhibit high strength, chemical resistance, and durability. They find applications in diverse sectors, including aerospace, automotive, and construction, where the demand for robust and long-lasting laminated materials is prevalent.

Phenolic resins are commonly utilized in the formulation of coatings, contributing to their adhesive and protective properties. Coatings based on phenolic resins are known for their resistance to chemicals, heat, and abrasion. They are applied in industries such as automotive, where protective coatings are crucial for enhancing the lifespan and appearance of vehicles.

The paper industry benefits significantly from the use of phenolic resins in impregnation processes. Phenolic resins enhance the strength and moisture resistance of paper, making it suitable for applications such as high-pressure laminates, decorative laminates, and electrical insulating materials.


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Regional Insights

  • The global phenolic resins market is experiencing a significant impetus, and a substantial driving force behind this surge is the active and strategic contribution of the Asia-Pacific region. As economies in Asia-Pacific continue to grow, the demand for phenolic resins across various industries has witnessed a remarkable uptick, shaping the trajectory of the global market.
  • Asia-Pacific, encompassing powerhouse economies such as China, India, Japan, and South Korea, is witnessing rapid industrialization and ambitious infrastructure development projects. The construction sector, a major consumer of phenolic resins, has been flourishing, driving the demand for these versatile polymers in applications ranging from adhesives to coatings and laminates.
  • The automotive and electronics industries, crucial markets for phenolic resins, have been expanding exponentially in the Asia-Pacific region. As these industries adopt lightweight materials for enhanced efficiency and durability, phenolic resins, with their excellent mechanical and thermal properties, have become key components in manufacturing processes.
  • Global players in the phenolic resins market are strategically investing in the Asia-Pacific region to capitalize on the burgeoning demand. Capacity expansions and new production facilities are being established to meet the growing requirements of industries in the region. This not only caters to local demand but also positions Asia-Pacific as a significant hub for global phenolic resin production.
  • Asia-Pacific is increasingly focusing on sustainability and environmentally friendly solutions. This aligns with the global trend towards sustainable practices, prompting the development of bio-based phenolic resins and eco-friendly formulations. As regulatory pressures and consumer awareness grow, the region's commitment to sustainability is shaping the evolution of the phenolic resins market.
  • The Asia-Pacific region serves as a crucial hub for global trade, facilitating the export and import of phenolic resins. This accessibility to markets enables seamless distribution and supply chain dynamics, ensuring that phenolic resins produced in the region reach industries across the globe.

Recent Developments

  • In January 2023, BASF SE made a significant commitment to bolster the production capacity of polymer dispersions at its Merak facility in Indonesia. This strategic decision is in perfect alignment with the surging demand for high-quality packaging solutions across the ASEAN region. Notably, the area hosts prominent paper and board manufacturers, amplifying the need for premium packaging materials. BASF's expansion initiative reflects its proactive stance in catering to the evolving market demands and underscores its dedication to meeting the needs of customers in the packaging industry. The increased production capacity promises to fortify BASF's position as a key player in the region's packaging sector.

Key Market Players

  • DIC Corporation
  • Kolon Industries, Inc.
  • Sumitomo Bakelite Co., Ltd.
  • Hexcel Corporation
  • Georgia-Pacific Chemicals
  • Kraton Corporation
  • Hexion
  • Bostik, Inc.
  • SI Group, Inc.

 By Product

By Application

By Region

  • Novolac
  • Resol
  • Others

 

  • Wood Adhesives
  • Molding
  • Insulations
  • Laminates
  • Coatings
  • Paper Impregnation
  • Others  
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Phenolic Resins Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Phenolic Resins Market, By Product:

o   Novolac

o   Resol

o   Others

  • Phenolic Resins Market, By Application:

o   Wood Adhesives

o   Molding

o   Insulations

o   Laminates

o   Coatings

o   Paper Impregnation

o   Others

  • Phenolic Resins Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Phenolic Resins Market.

Available Customizations:

Global Phenolic Resins market report with the given market data, Tech Sci Research offers customizations according to a 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).

Global Phenolic Resins Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]               

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Impact of COVID-19 on Global Phenolic Resins Market

5.    Global Phenolic Resins Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By Product (Novolac, Resol, Others)

5.2.2.    By Application (Wood Adhesives, Molding, insulations, Laminates, Coatings, Paper Impregnation, Others)

5.2.3.    By Region

5.2.4.    By Company (2023)

5.3.  Market Map

6.    Asia Pacific Phenolic Resins Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Product

6.2.2.    By Application

6.2.3.    By Country

6.3.  Asia Pacific: Country Analysis

6.3.1.    China Phenolic Resins Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value & Volume

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Product

6.3.1.2.2.           By Application

6.3.2.    India Phenolic Resins Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value & Volume

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Product

6.3.2.2.2.           By Application

6.3.3.    Australia Phenolic Resins Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value & Volume

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Product

6.3.3.2.2.           By Application

6.3.4.    Japan Phenolic Resins Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value & Volume

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Product

6.3.4.2.2.           By Application

6.3.5.    South Korea Phenolic Resins Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value & Volume

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Product

6.3.5.2.2.           By Application

7.    Europe Phenolic Resins Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Product

7.2.2.    By Application

7.2.3.    By Country

7.3.  Europe: Country Analysis

7.3.1.    France Phenolic Resins Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value & Volume

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Product

7.3.1.2.2.           By Application

7.3.2.    Germany Phenolic Resins Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value & Volume

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Product

7.3.2.2.2.           By Application

7.3.3.    Spain Phenolic Resins Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value & Volume

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Product

7.3.3.2.2.           By Application

7.3.4.    Italy Phenolic Resins Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value & Volume

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Product

7.3.4.2.2.           By Application

7.3.5.    United Kingdom Phenolic Resins Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value & Volume

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Product

7.3.5.2.2.           By Application

8.    North America Phenolic Resins Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Product

8.2.2.    By Application

8.2.3.    By Country

8.3.  North America: Country Analysis

8.3.1.    United States Phenolic Resins Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value & Volume

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Product

8.3.1.2.2.           By Application

8.3.2.    Mexico Phenolic Resins Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value & Volume

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Product

8.3.2.2.2.           By Application

8.3.3.    Canada Phenolic Resins Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value & Volume

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Product

8.3.3.2.2.           By Application

9.    South America Phenolic Resins Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Product

9.2.2.    By Application

9.2.3.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Phenolic Resins Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value & Volume

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Product

9.3.1.2.2.           By Application

9.3.2.    Argentina Phenolic Resins Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value & Volume

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Product

9.3.2.2.2.           By Application

9.3.3.    Colombia Phenolic Resins Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value & Volume

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Product

9.3.3.2.2.           By Application

10. Middle East and Africa Phenolic Resins Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Product

10.2.2. By Application

10.2.3. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Phenolic Resins Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value & Volume

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Product

10.3.1.2.2.         By Application

10.3.2. Saudi Arabia Phenolic Resins Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value & Volume

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Product

10.3.2.2.2.         By Application

10.3.3. UAE Phenolic Resins Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value & Volume

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Product

10.3.3.2.2.         By Application

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Recent Developments

12.2.             Product Launches

12.3.             Mergers & Acquisitions

13. Global Phenolic Resins Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Product

15. PESTLE Analysis

16. Pricing Analysis

17. Competitive Landscape

17.1.             DIC Corporation

17.1.1. Business Overview

17.1.2. Company Snapshot

17.1.3. Products & Services

17.1.4. Financials (As Reported)

17.1.5. Recent Developments

17.2.             Kolon Industries, Inc.

17.3.             Sumitomo Bakelite Co., Ltd.

17.4.             Hexcel Corporation

17.5.             Georgia-Pacific Chemicals

17.6.              KRATON CORPORATION

17.7.             Hexion

17.8.             Bostik, Inc.

17.9.             SI Group, Inc.

18. Strategic Recommendations

19. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Phenolic Resins Market was estimated to be USD 13.72 billion in 2023.

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DIC Corporation, Kolon Industries, Inc., Sumitomo Bakelite Co., Ltd., Hexcel Corporation, Georgia-Pacific Chemicals, KRATON CORPORATION, Hexion, Bostik, Inc., SI Group, Inc. etc, were the major key players in the Global Phenolic Resins Market in 2023.

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Substitution by alternative materials and environmental concerns are the major challenges which can slow down the growth of Global Phenolic Resins Market.

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Expansion in Emerging Markets and Technological Advancements are the major drivers for the Global Phenolic Resins Market.

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Sakshi Bajaal

Business Consultant
Press Release

Phenolic Resins Market to Grow with a CAGR of 5.31% through 2029

May, 2024

Expansion in Emerging Markets and Technological Advancements are factors driving the Global Phenolic Resins market in the forecast period 2025-2029.