The global phenolic resin market has registered US$ 11,089.6 million in 2020 , and projected to reach at US$ 14,644.9 million by 2027, growing at a CAGR of 4.1% during 2021-2027. Phenolic resin is a synthetic resin manufactured by the polymerisation of formaldehyde and phenol. Phenolic resins have good properties such as electrical resistance, chemical resistance, dimensional stability, heat resistance and hardness. Some phenolic resists are able to withstand temperatures up to 550-degree Fahrenheit. Phenolic resins are used widely for the manufacturing of molded products and circuit boards. They are used as coatings and adhesives in oil well proppants and friction linings. It is used as binding agent in clutch discs, brake shoes and brake pads.
Phenolic resins are used as binders for friction materials, brake linings, clutch plates and brake pads. These resins are used as friction materials provide superior adhesive performance. Some of the important components such as transmission parts, fuel pumps also use phenolic resins as they provide excellent durability and good thermal insulation. Also, the phenolic resin is also easy to mold into a variety of shapes and complex contours. These qualities make them adaptable to several environments. Besides these phenolic resins are used in car interiors, decorative laminates, rubber tyre, and lightweight polyurethane foams for vehicle door insulation. Apart from its usage in the automotive sector, the demand for the passenger vehicle has again started to pick pace in APAC and North America region which in turn will help the market to grow.
Countries are expanding the testing of the novel coronavirus; hence more microbiology laboratories are equipping their spaces with the materials needed to withstand the constant use of cleaning agents. Products made with phenolic resin are desirable for many manufacturing and laboratory locations because they have great resistance to heat and chemicals, making them ideal for volatile environments. Also, it is eminent that corona-virus will not be over in this coming year and is expected to continue for more ears until everyone is vaccinated. Since the coivd-19 norms are being made less stringent lately which is encouraging which will thus encourage more travelers to travel across various countries or religious places which in turn result in an increased number of covid related testing which will indirectly result in more demands for phenolic resin products.
Based on end use, the global market can be segmented into automotive, building & construction, furniture, electrical & electronics, aerospace, and health care, among others. The automotive segment is anticipated to be the dominant segment throughout the forecast period. The properties such as high heat resistance, toxicity, smoke, and excellent flame make phenolic resins ideal for automotive industry. Phenolic resins are used for manufacturing brake pads, brake linings, clutches and some other transmission parts. They are also used for manufacturing decorative laminates for the interiors of automobiles.
By product type, the global phenolic resin market has been categorized into resol resin, and novolac, among others. Resol resin is further segmented into liquid resol resin and solid resol resin. The novolac resin segment is anticipated to be the dominant segment throughout the forecast period. Novolacs are non-crystalline thermoplastics. Some of the significant characteristics associated with novolac resins include lightweight, high thermal stability, and high strength. These resins are able to exhibit almost 15% higher bursting strength and high air permeability. They are used as curing agents for epoxy resins.
Asia-Pacific is the largest market for the phenolic resin with a significant global share. Countries like China and India are the major consumers as well as the major exporters of phenolic resin market followed by Japan and South Korea respectively. The application of phenolic resins in automotive, construction and building are driving the market in this region. The stricter environmental laws in China have resulted into closure of many chemical companies which also includes phenolic resin’s manufacturer. This law is benefiting India as India is the second largest supplier of phenolic resins and hence it is creating opportunities for Indian suppliers.
Some of the prominent companies involved in the global phenolic resin market include Arclin, Ashland Global Holdings Inc, BASF SE, DIC Corporation, Showa Denko K.K, Sumitomo Bakelite Co Ltd, Allnex Group, Prefere Resins Holding GmbH, Chemovate Ltd, Dyna Chem Inc, Fenolit D.D., and Georgia- Pacific Chemicals LLC.
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Attribute |
Details |
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Study Period |
2017-2027 |
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Base Year |
2020 |
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Forecast Period |
2021-2027 |
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Unit |
US$ Mn |
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By End Use |
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By Product Type |
Liquid Resol Resin Solid Resol Resin
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By Region |
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Table of Contents
1 Phenolic Resin Market Overview
1.1 Phenolic Resin Product Overview
1.2 Phenolic Resin Market Segment by Type
1.2.1 Resol Resin
1.2.2 Novolac Resin
1.2.3 Others
1.3 Global Phenolic Resin Market Size by Type
1.3.1 Global Phenolic Resin Sales and Growth by Type
1.3.2 Global Phenolic Resin Sales and Market Share by Type (2017-2020)
1.3.3 Global Phenolic Resin Revenue and Market Share by Type (2017-2020)
1.3.4 Global Phenolic Resin Price by Type (2017-2020)
2 Global Phenolic Resin Market Competition by Company
2.1 Global Phenolic Resin Sales and Market Share by Company (2017-2020)
2.2 Global Phenolic Resin Revenue and Share by Company (2017-2020)
2.3 Global Phenolic Resin Price by Company (2017-2020)
2.4 Global Top Players Phenolic Resin Manufacturing Base Distribution, Sales Area, Product Types
2.5 Phenolic Resin Market Competitive Situation and Trends
2.5.1 Phenolic Resin Market Concentration Rate
2.5.2 Global Phenolic Resin Market Share of Top 5 and Top 10 Players
2.5.3 Mergers & Acquisitions, Expansion
3 Phenolic Resin Company Profiles and Sales Data
3.1 Ashland
3.1.1 Company Basic Information, Manufacturing Base and Competitors
3.1.2 Phenolic Resin Product Category, Application and Specification
3.1.3 Ashland Phenolic Resin Sales, Revenue, Price and Gross Margin(2017-2020)
3.1.4 Main Business Overview
3.2 BASF
3.2.1 Company Basic Information, Manufacturing Base and Competitors
3.2.2 Phenolic Resin Product Category, Application and Specification
3.2.3 BASF Phenolic Resin Sales, Revenue, Price and Gross Margin(2017-2020)
3.2.4 Main Business Overview
3.3 DIC
3.3.1 Company Basic Information, Manufacturing Base and Competitors
3.3.2 Phenolic Resin Product Category, Application and Specification
3.3.3 DIC Phenolic Resin Sales, Revenue, Price and Gross Margin(2017-2020)
3.3.4 Main Business Overview
3.4 Hexion
3.4.1 Company Basic Information, Manufacturing Base and Competitors
3.4.2 Phenolic Resin Product Category, Application and Specification
3.4.3 Hexion Phenolic Resin Sales, Revenue, Price and Gross Margin(2017-2020)
3.4.4 Main Business Overview
3.5 Hitachi Chemicals
3.5.1 Company Basic Information, Manufacturing Base and Competitors
3.5.2 Phenolic Resin Product Category, Application and Specification
3.5.3 Hitachi Chemicals Phenolic Resin Sales, Revenue, Price and Gross Margin(2017-2020)
3.5.4 Main Business Overview
3.6 Sumitomo Bakelite
3.6.1 Company Basic Information, Manufacturing Base and Competitors
3.6.2 Phenolic Resin Product Category, Application and Specification
3.6.3 Sumitomo Bakelite Phenolic Resin Sales, Revenue, Price and Gross Margin(2017-2020)
3.6.4 Main Business Overview
3.7 allnex group
3.7.1 Company Basic Information, Manufacturing Base and Competitors
3.7.2 Phenolic Resin Product Category, Application and Specification
3.7.3 allnex group Phenolic Resin Sales, Revenue, Price and Gross Margin(2017-2020)
3.7.4 Main Business Overview
3.8 Capiton
3.8.1 Company Basic Information, Manufacturing Base and Competitors
3.8.2 Phenolic Resin Product Category, Application and Specification
3.8.3 Capiton Phenolic Resin Sales, Revenue, Price and Gross Margin(2017-2020)
3.8.4 Main Business Overview
3.9 Chemovate
3.9.1 Company Basic Information, Manufacturing Base and Competitors
3.9.2 Phenolic Resin Product Category, Application and Specification
3.9.3 Chemovate Phenolic Resin Sales, Revenue, Price and Gross Margin(2017-2020)
3.9.4 Main Business Overview
3.10 DynaChem
3.10.1 Company Basic Information, Manufacturing Base and Competitors
3.10.2 Phenolic Resin Product Category, Application and Specification
3.10.3 DynaChem Phenolic Resin Sales, Revenue, Price and Gross Margin(2017-2020)
3.10.4 Main Business Overview
3.11 Fenolit d.d.
3.12 Georgia-Pacific Chemicals
3.13 Kolon Industries
3.14 LERG
3.15 MITSUI CHEMICALS AMERICA
3.16 Romit Resins
3.17 Shandong Laiwu Runda New Material
3.18 SHENGQUAN GROUP
3.19 SI Group
3.20 Sprea Misr
3.21 Tembec
3.22 UCP Chemicals
4 Phenolic Resin Market Status and Outlook by Regions
4.1 Global Market Status and Outlook by Regions
4.1.1 Global Phenolic Resin Market Size and CAGR by Regions
4.1.2 North America
4.1.3 Asia-Pacific
4.1.4 Europe
4.1.5 South America
4.1.6 Middle East and Africa
4.2 Global Phenolic Resin Sales and Revenue by Regions
4.2.1 Global Phenolic Resin Sales and Market Share by Regions (2017-2020)
4.2.2 Global Phenolic Resin Revenue and Market Share by Regions (2017-2020)
4.2.3 Global Phenolic Resin Sales, Revenue, Price and Gross Margin (2017-2020)
4.3 North America Phenolic Resin Sales, Revenue, Price and Gross Margin
4.3.1 United States
4.3.2 Canada
4.3.3 Mexico
4.4 Europe Phenolic Resin Sales, Revenue, Price and Gross Margin
4.4.1 Germany
4.4.2 UK
4.4.3 France
4.4.4 Italy
4.4.5 Russia
4.4.6 Turkey
4.5 Asia-Pacific Phenolic Resin Sales, Revenue, Price and Gross Margin
4.5.1 China
4.5.2 Japan
4.5.3 Korea
4.5.4 Southeast Asia
4.5.4.1 Indonesia
4.5.4.2 Thailand
4.5.4.3 Malaysia
4.5.4.4 Philippines
4.5.4.5 Vietnam
4.5.5 India
4.5.6 Australia
4.6 South America Phenolic Resin Sales, Revenue, Price and Gross Margin
4.6.1 Brazil
4.7 Middle East and Africa Phenolic Resin Sales, Revenue, Price and Gross Margin
4.7.1 Egypt
4.7.2 GCC Countries
5 Phenolic Resin Application/End Users
5.1 Phenolic Resin Segment by Application
5.1.1 Automotive
5.1.2 Building & Construction
5.1.3 Furniture
5.1.4 Electrical & Electronics
5.1.5 Others
5.2 Global Phenolic Resin Product Segment by Application
5.2.1 Global Phenolic Resin Sales by Application
5.2.2 Global Phenolic Resin Sales and Market Share by Application (2017-2020)
6 Global Phenolic Resin Market Forecast
6.1 Global Phenolic Resin Sales, Revenue Forecast (2021-2027)
6.1.1 Global Phenolic Resin Sales and Growth Rate Forecast (2021-2027)
6.1.1 Global Phenolic Resin Revenue and Growth Rate Forecast (2021-2027)
6.2 Global Phenolic Resin Forecast by Regions
6.2.1 North America Phenolic Resin Sales and Revenue Forecast (2021-2027)
6.2.2 Europe Phenolic Resin Sales and Revenue Forecast (2021-2028)
6.2.3 Asia-Pacific Phenolic Resin Sales and Revenue Forecast (2021-2028)
6.2.3.1 China
6.2.3.2 Japan
6.2.3.3 Korea
6.2.3.4 Southeast Asia
6.2.3.5 India
6.2.3.6 Australia
6.2.4 South America Phenolic Resin Sales and Revenue Forecast (2022-2028)
6.2.5 Middle East and Africa Phenolic Resin Sales and Revenue Forecast (2022-2028)
6.2.5.1 Egypt
6.2.5.2 GCC Countries
6.3 Phenolic Resin Forecast by Type
6.3.1 Global Phenolic Resin Sales and Revenue Forecast by Type (2022-2028)
6.3.2 Resol Resin Gowth Forecast
6.3.3 Novolac Resin Gowth Forecast
6.4 Phenolic Resin Forecast by Application
6.4.1 Global Phenolic Resin Sales Forecast by Application (2022-2028)
6.4.2 Global Phenolic Resin Forecast in Automotive
6.4.3 Global Phenolic Resin Forecast in Building & Construction
7 Phenolic Resin Upstream Raw Materials
7.1 Phenolic Resin Key Raw Materials
7.1.1 Key Raw Materials
7.1.2 Key Raw Materials Price
7.1.3 Raw Materials Key Suppliers
7.2 Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Phenolic Resin Industrial Chain Analysis
8 Marketing Strategy Analysis, Distributors
8.1 Marketing Channel
8.1.1 Direct Marketing
8.1.2 Indirect Marketing
8.1.3 Marketing Channel Development Trend
8.2 Distributors
8.3 Downstream Customers
9 Research Findings and Conclusion
Appendix
Methodology/Research Approach
Research Programs/Design
Market Size Estimation
Market Breakdown and Data Triangulation
Data Source
Secondary Sources
Primary Sources
Disclaimer
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