The global Phenolic Resin market stood at approximately 3753 thousand tonnes in 2024 and is anticipated to grow at a CAGR of 4.60% during the forecast period until 2035.
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Phenolic resins, also known as phenol-formaldehyde resins, represents the inaugural commercially synthesized resin with a flash point set at 750°C. This resin is directly manufactured through the reaction of phenol with formaldehyde in the presence of a catalyst. Phenolic resins exhibit diverse applications across industries due to their distinctive characteristics. In the industrial sector, they serve as widely utilized adhesives for bonding wood, plywood, and laminates. The automotive industry employs phenolic resins in brake and clutch components, benefiting from their exceptional heat-resistant properties. These resins are also integral in the electrical heat-resistant properties. These resins are also integral in the electrical industry for crafting circuit boards and insulating materials. Within construction, phenolic resins contribute to laminates for compounds for various consumer goods, including kitchenware. Their flame-retardant attributes and value in fire resistant applications such as aircraft interiors and fire doors. The versatility of phenolic resins extends to abrasives, friction materials, and coatings, underscoring their significance in an extensive array of industrial and consumer applications. Understanding these application phenolic resins play a crucial role in the driving market growth in the forecast period. The global Phenolic Resin market is anticipated to reach nearly 6139 thousand tonnes by 2035.Ìý
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Based on region, Asia Pacific region serves as the biggest consumer of Phenolic Resin. In 2024, Asia Pacific commanded a dominant position in the global phenolic resins market. This regional dominance is attributed to robust economic development and substantial investments across diverse industries, including automotive, building and construction, and electrical & electronics. The escalating construction activities, coupled with growing demand for residential and commercial spaces from the burgeoning middle-class population, along with increased disposable income and the rising popularity of electric vehicles, are expected to drive the demand for residential for phenolic resins in emerging economics such as India and South Korea. Moreover, North America is poised for increased demand for phenolic resins due to rapid construction industry is expected to witness significant growth, fueled by a high demand for non-residential construction projects, including hospitals, commercial buildings and educational institutions, throughout the forecast period.
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Based on the end-user industry, the global Phenolic Resins market is divided into Furniture Industry (Wood Adhesives), Phenolic Molding Compound, Phenolic laminate, Thermal Insulation material, and Others (Refractory, etc.). However, Furniture industry is the major segment and held approximately 40% of the global Phenolic Resin market in 2024. Phenolic resins are crucial in the furniture sector, serving as vital elements in wood adhesives, laminates, and coatings. Renowned for their adhesive properties, they ensure robust bonding in furniture manufacturing. Used in producing durable laminates, these resins enhance both aesthetics and resilience. Phenolic resins’ versatile aligning with industry standards for durability and performance.
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Major players in the Global Phenolic Resin market are Bakelite Synthetics, Shengquan Group, Finland, Taier Chemical Company, San Lecot International Group, Changshu Southeast Plastics Co., Ltd, Forace, Polymers Private Limited, SI Group, Inc., Hebei Zetian Chemical Co., Ltd., British Huaqi (Zhangjiagang) Chemical Co., Ltd., and Kolon Industries, Inc.
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Years considered for this report:
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Historical Period: 2015- 2023
Base Year: 2024
Estimated Year: 2025
Forecast Period: 2026-2035
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Objective of the Study:Ìý
• To assess the demand-supply scenario of Phenolic Resin which covers production, demand and supply of Phenolic ResinÌý Ìýmarket in the globe.
• To analyse and forecast the market size of Phenolic ResinÌý Ìý
• To classify and forecast Global Phenolic Resin market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Phenolic Resin market in the globe.
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To extract data for Global Phenolic Resin market, primary research surveys were conducted with Phenolic Resin manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ¹û½´ÊÓÆµ was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ¹û½´ÊÓÆµ analyzed various segments and projected a positive outlook for Global Phenolic Resin market over the coming years.Ìý
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¹û½´ÊÓÆµ calculated Phenolic Resin demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Phenolic Resin. ¹û½´ÊÓÆµ sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ¹û½´ÊÓÆµ.
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ÌýKey Target Audience:
• Phenolic Resin manufacturers and other stakeholders
• Organizations, forums and alliances related to Phenolic Resin distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
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The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Phenolic Resin manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
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Report Scope:
In this report, Global Phenolic Resin market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Attribute
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Details
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Market size Volume in 2024
3753 thousand tonnes
Market size Volume by 2035
6139 thousand tonnes
Growth Rate
CAGR of 4.60% from 2025 to 2035
Base year for estimation
2025
Historic Data
2015Ìý– 2024
Forecast period
2026 – 2035
Quantitative units
Demand in thousand tonnes and CAGR from 2025 to 2035
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
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Segments covered
By End-Use: (Furniture Industry (Wood Adhesives), Phenolic Molding Compound, Phenolic laminate, Thermal Insulation material, and Others (Refractory, etc.))
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By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Asia Pacific, North America, Europe, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
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1. Industry Market SizeÌý
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Phenolic Resin market in terms of value and volume.
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2. Capacity By CompanyÌý
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Phenolic Resin.
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3. Capacity By LocationÌý
To better understand the regional supply of Phenolic Resin by analyzing its manufacturers' location-based capacity.
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4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.ÌýÌý
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5. Production By CompanyÌý
Study the historical annual production of Phenolic Resin by the leading players and forecast how it will grow in the coming years.Ìý
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6. Demand by End- UseÌý
Discover which end-user industry (Furniture Industry (Wood Adhesives), Phenolic Molding Compound, Phenolic laminate, Thermal Insulation material, and Others (Refractory, etc.)) are creating a market and the forecast for the growth of the Phenolic Resin market.Ìý
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7. Demand by Region
Analyzing the change in demand of Phenolic Resin in different regions across Global, i.e., Asia Pacific, North America, Europe, Middle East and Africa, and South America, that can direct you in mapping the regional demand.Ìý
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8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Phenolic Resin. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
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9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Phenolic Resin.
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10. Company Share
Figure out what proportion of the market share of Phenolic Resin is currently held by leading players across Global.Ìý
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11. Country-wise Export
Get details about quantity of Phenolic Resin exported by major countries.Ìý
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12. Country-wise Import
ÌýGet details about quantity of Phenolic Resin imported by major countries.
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What is the anticipated Global market growth rate of Phenolic Resin in terms of volume in 2035?ÌýÌý
Ans:
The Global Phenolic Resin market is anticipated to grow at an anticipated CAGR of 4.60% in the forecast period until 2035.
Q2.
Which industry is dominating the Global Phenolic Resin market?Ìý
Ans:
As of 2024, Furniture Industry (Wood Adhesives) is dominating the Phenolic Resin market in Global with an estimated share of roughly 40%.Ìý
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Do you offer single or multiuser license?
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