U.S. Phenolic Resins Market Size, Share, Trends, Industry Analysis Report By Product (Novolac, Resols, Other Phenolic Resins), By Application, By End Use – Market Forecast, 2025–2034
Description
The U.S. phenolic resins market size is expected to reach USD 2.51 billion by 2034, according to a new study by Polaris Market Research. The report “U.S. Phenolic Resins Market Share, Size, Trends, Industry Analysis Report By Product (Novolac, Resols, Other U.S. Phenolic Resins), By Application, By End Use; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Phenolic resins, known as thermosetting polymers with excellent heat resistance and dimensional stability, are increasingly shaped by the trend of sustainability and the development of bio-based alternatives. The shift toward eco-friendly production practices has accelerated demand for bio-based phenolic resins, which offer similar performance benefits while reducing reliance on petroleum-based feedstock’s. This transition aligns with broader industry goals of carbon footprint management and enhancing resource efficiency. Bio-based phenolic resins are positioned to gain stronger traction as manufacturers prioritize renewable inputs and greener formulations, reinforcing the role of sustainability as a defining force in market evolution.
The U.S. phenolic resins market is further driven by the growing demand from industrial applications that require superior durability and performance. Industries are increasingly adopting phenolic resins due to their resistance to chemicals, mechanical strength, and ability to perform under extreme conditions. These qualities make them indispensable in advanced manufacturing processes, where reliability and long product life cycles are essential. The rising use of high-performance materials across multiple end-use industries continues to drive innovation in resin formulations, highlighting the importance of phenolic resins in addressing evolving industrial requirements.
U.S. Phenolic Resins Market Report Highlights
In terms of product, the novolac resins segment held 49.09% revenue share in 2024, driven by exceptional heat resistance, mechanical strength, and reliability in high-stress applications.
Based on application, the molding segment is projected to register a CAGR of 4.6%, fueled by rising demand for phenolic molding compounds in automotive, electronics, and consumer goods.
Based on end use, the automotive segment held 42.48% share in 2024, as the phenolic resins are primarily used in brake systems, clutch components, filters and engine compartment applications.
A few key market players include Arclin Inc., Ashland Inc., Bakelite Synthetics, Eastman Chemical Company, Hexcel Corp., Hexion, Kraton Corporation, Olympic Panel Products LLC, Owens Corning, and SI Group.
Polaris Market Research has segmented the market report on the basis of product, application, end use:
By Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2020–2034)
Novolac
Resols
Liquid Resols
Solid Resols
Other U.S. Phenolic Resins
By Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2020–2034)
Wood Adhesives
Molding
Insulation
Laminates
Paper Impregnation
Coatings
Refractory Materials
Friction Material
Rubber & Tire
Electronics
Abrasives
By End Use Outlook (Volume, Kilotons; Revenue, USD Billion, 2020–2034)
Building & Construction
Automotive
Electrical & Electronics
Furniture
Other End Uses
Phenolic resins, known as thermosetting polymers with excellent heat resistance and dimensional stability, are increasingly shaped by the trend of sustainability and the development of bio-based alternatives. The shift toward eco-friendly production practices has accelerated demand for bio-based phenolic resins, which offer similar performance benefits while reducing reliance on petroleum-based feedstock’s. This transition aligns with broader industry goals of carbon footprint management and enhancing resource efficiency. Bio-based phenolic resins are positioned to gain stronger traction as manufacturers prioritize renewable inputs and greener formulations, reinforcing the role of sustainability as a defining force in market evolution.
The U.S. phenolic resins market is further driven by the growing demand from industrial applications that require superior durability and performance. Industries are increasingly adopting phenolic resins due to their resistance to chemicals, mechanical strength, and ability to perform under extreme conditions. These qualities make them indispensable in advanced manufacturing processes, where reliability and long product life cycles are essential. The rising use of high-performance materials across multiple end-use industries continues to drive innovation in resin formulations, highlighting the importance of phenolic resins in addressing evolving industrial requirements.
U.S. Phenolic Resins Market Report Highlights
In terms of product, the novolac resins segment held 49.09% revenue share in 2024, driven by exceptional heat resistance, mechanical strength, and reliability in high-stress applications.
Based on application, the molding segment is projected to register a CAGR of 4.6%, fueled by rising demand for phenolic molding compounds in automotive, electronics, and consumer goods.
Based on end use, the automotive segment held 42.48% share in 2024, as the phenolic resins are primarily used in brake systems, clutch components, filters and engine compartment applications.
A few key market players include Arclin Inc., Ashland Inc., Bakelite Synthetics, Eastman Chemical Company, Hexcel Corp., Hexion, Kraton Corporation, Olympic Panel Products LLC, Owens Corning, and SI Group.
Polaris Market Research has segmented the market report on the basis of product, application, end use:
By Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2020–2034)
Novolac
Resols
Liquid Resols
Solid Resols
Other U.S. Phenolic Resins
By Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2020–2034)
Wood Adhesives
Molding
Insulation
Laminates
Paper Impregnation
Coatings
Refractory Materials
Friction Material
Rubber & Tire
Electronics
Abrasives
By End Use Outlook (Volume, Kilotons; Revenue, USD Billion, 2020–2034)
Building & Construction
Automotive
Electrical & Electronics
Furniture
Other End Uses
Table of Contents
126 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. U.S. Phenolic Resins Market Insights
- 4.1. U.S. Phenolic Resins Market – Market Snapshot
- 4.2. U.S. Phenolic Resins Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing Use in Electronics & Electrical Applications
- 4.2.1.2. Growing Demand in Industrial and Wood Adhesives
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Stringent Environmental Regulations
- 4.2.3. Public opinion and privacy legal precedents
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. U.S. Phenolic Resins Market Trends
- 4.6. Value Chain Analysis
- 5. U.S. Phenolic Resins Market, By Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. U.S. Phenolic Resins Market, By Product, 2020–2034 (Volume, Kilotons; USD Billion)
- 5.3. Novolac
- 5.3.1. U.S. Phenolic Resins Market, by Novolac,2020–2034 (Volume, Kilotons; USD Billion)
- 5.4. Resols
- 5.4.1. U.S. Phenolic Resins Market, by Resols,2020–2034 (Volume, Kilotons; USD Billion)
- 5.4.2. Liquid Resols
- 5.4.2.1. U.S. Phenolic Resins Market, by Liquid Resols,2020–2034 (Volume, Kilotons; USD Billion)
- 5.4.3. Solid Resols
- 5.4.3.1. U.S. Phenolic Resins Market, by Solid Resols,2020–2034 (Volume, Kilotons; USD Billion)
- 5.5. Other Phenolic Resins
- 5.5.1. U.S. Phenolic Resins Market, by Other Phenolic Resols,2020–2034 (Volume, Kilotons; USD Billion)
- 6. U.S. Phenolic Resins Market, By Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. U.S. Phenolic Resins Market, By Application, 2020–2034 (Volume, Kilotons; USD Billion)
- 6.3. Wood Adhesives
- 6.3.1. U.S. Phenolic Resins Market, by Wood Adhesives,2020–2034 (Volume, Kilotons; USD Billion)
- 6.4. Molding
- 6.4.1. U.S. Phenolic Resins Market, by Molding,2020–2034 (Volume, Kilotons; USD Billion)
- 6.5. Insulation
- 6.5.1. U.S. Phenolic Resins Market, by Insulation,2020–2034 (Volume, Kilotons; USD Billion)
- 6.6. Laminates
- 6.6.1. U.S. Phenolic Resins Market, by Laminates,2020–2034 (Volume, Kilotons; USD Billion)
- 6.7. Furniture Impregnation
- 6.7.1. U.S. Phenolic Resins Market, by Furniture Impegration,2020–2034 (Volume, Kilotons; USD Billion)
- 6.8. Coatings
- 6.8.1. U.S. Phenolic Resins Market, by Coatings,2020–2034 (Volume, Kilotons; USD Billion)
- 6.9. Refractory Materials
- 6.9.1. U.S. Phenolic Resins Market, by Refractory Materials,2020–2034 (Volume, Kilotons; USD Billion)
- 6.10. Friction Material
- 6.10.1. U.S. Phenolic Resins Market, by Friction Materials,2020–2034 (Volume, Kilotons; USD Billion)
- 6.11. Rubber & Tire
- 6.11.1. U.S. Phenolic Resins Market, by Rubber & Tire,2020–2034 (Volume, Kilotons; USD Billion)
- 6.12. Electronics
- 6.12.1. U.S. Phenolic Resins Market, by Electronics,2020–2034 (Volume, Kilotons; USD Billion)
- 6.13. Abrasives
- 6.13.1. U.S. Phenolic Resins Market, by Abrasives,2020–2034 (Volume, Kilotons; USD Billion)
- 7. U.S. Phenolic Resins Market, By End Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. U.S. Phenolic Resins Market, By End Use, 2020–2034 (Volume, Kilotons; USD Billion)
- 7.3. Building & Construction
- 7.3.1. U.S. Phenolic Resins Market, by Building & Construction,2020–2034 (Volume, Kilotons; USD Billion)
- 7.4. Automotive
- 7.4.1. U.S. Phenolic Resins Market, by Automotive,2020–2034 (Volume, Kilotons; USD Billion)
- 7.5. Electrical & Electronics
- 7.5.1. U.S. Phenolic Resins Market, by Electrical & Electronics,2020–2034 (Volume, Kilotons; USD Billion)
- 7.6. Furniture
- 7.6.1. U.S. Phenolic Resins Market, by Furniture,2020–2034 (Volume, Kilotons; USD Billion)
- 7.7. Other End Uses
- 7.7.1. U.S. Phenolic Resins Market, by Other End Uses,2020–2034 (Volume, Kilotons; USD Billion)
- 8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
- 9. Company Profiles
- 9.1. Arclin Inc.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Ashland Inc.
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Bakelite Synthetics
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Eastman Chemical Company
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Hexcel Corp.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Hexion
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Kraton Corporation
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Olympic Panel Products LLC
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Owens Corning
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. SI Group
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.