Global Phenolic Resin Market 2025-2029

Phenolic Resin Market 2025-2029

The phenolic resin market is forecasted to grow by USD 4558.8 mn during 2024-2029, accelerating at a CAGR of 5.4% during the forecast period. The report on the phenolic resin market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for phenolic resins in automotive industry, growing need in developing nations for phenolic resins, and advantages of phenolic resins boosting phenolic resin market growth.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's phenolic resin market is segmented as below:

By Product

• Novolac resin
• Resol resin
• Others

By Application

• Molding
• Insulation
• Wood adhesives
• Laminates
• Others

By End-user

• Construction
• Automotive
• Electronics
• Furniture
• Industrial machinery

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the increasing introduction of substitutes for phenolic resin manufacturing as one of the prime reasons driving the phenolic resin market growth during the next few years. Also, growing introduction of carbon nanofibers and development of new products will lead to sizable demand in the market.

The report on the phenolic resin market covers the following areas:

• Phenolic Resin Market sizing
• Phenolic Resin Market forecast
• Phenolic Resin Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading phenolic resin market vendors that include Akrochem Corp., Ashland Inc., Bakelite GmbH, BASF SE, Bostik Ltd., DIC Corp., DL Chemical, Georgia Pacific LLC, Hexcel Corp., Jinan Shengquan Group Share Holding Co Ltd., Kolon Industries Inc., Momentive Performance Materials, Prefere Resins Holding GmbH, Sasol Ltd., Shandong Laiwu Runda New Material Co. Ltd., SI Group Inc., and Sumitomo Bakelite Co. Ltd.. Also, the phenolic resin market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth. Show more