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Phenolic Resins Market Size, Share, Trends, Industry Analysis Report By Product (Novolac, Resols, Other Phenolic Resins), By Application, By End Use, By Region – Market Forecast, 2025–2034

Publisher Polaris Market Research & Consulting LLP
Published Sep 01, 2025
Length 126 Pages
SKU # PLRS20451494

Description

The phenolic resins market size is expected to reach USD 24.16 billion by 2034, according to a new study by Polaris Market Research. The report “Phenolic Resins Market Share, Size, Trends, Industry Analysis Report By Product (Novolac, Resols, Other Phenolic Resins), By Application, By End Use, By Region; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Phenolic resins, known for their exceptional thermal resistance and strong adhesive properties, are increasingly recognized as a critical material in enhancing fire safety across industries. The market is witnessing a rising demand for fire-safe materials, as industries prioritize safety and compliance with strict standards. Phenolic resins are extensively used in applications where flame retardants, low smoke emission, and durability under extreme conditions are vital. Their ability to deliver reliability in high-temperature environments makes them a preferred material choice for manufacturers seeking to balance safety with performance. This growing reliance on fire-resistant solutions highlights the role of phenolic resins in addressing modern safety challenges.

The growing focus on lightweight and high-performance materials in industrial applications drives the expansion of the phenolic resins market. Phenolic resins are gaining importance due to their mechanical strength, wear resistance, and versatility as end-use industries increasingly seek solutions that improve efficiency, reduce weight, and extend product lifespan. Their role in producing durable composites and high-strength components aligns with the broader shift toward efficiency-driven materials. This convergence of performance demands and sustainability objectives continues to drive innovation, reinforcing phenolic resins as a cornerstone material in evolving industrial applications.

Phenolic Resins Market Report Highlights

In terms of product, the novolac segment held a 47.65% revenue share in 2024, driven by its widespread adoption in applications demanding superior mechanical strength, thermal stability, and chemical resistance.

Based on application, the molding applications are projected to register the highest CAGR of 6.8% during 2025–2034, fueled by increasing requirements for lightweight yet durable and heat-resistant components across industries.

North America accounted for 29.77% of global phenolic resin demand in 2024, with its leadership position supported by robust requirements from construction, automotive, and electronics sectors prioritizing high-performance materials.

The Asia Pacific market is anticipated to expand at a 6.2% CAGR by 2034, propelled by rapid industrialization, infrastructure investments, and expanding automotive and electronics manufacturing capabilities.

A few global key players in the phenolic resins market include Arclin Inc., Arizona Chemical Company LLC (Kraton Corporation), Ashland Inc., BASF SE, DIC Corporation, Georgia Pacific Chemicals, Hexcel Corp., Hexion, Hitachi Chemical Co. Ltd, Kolon Industries Inc., Momentive Specialty Chemicals (Hexion Inc), Olympic Panel Product LLC, Owens Corning, SI Group, and Sumitomo Bakelite Co. Ltd.

Polaris Market Research has segmented the phenolic resins market report on the basis of product, application, end use, and region:

By Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2020–2034)

Novolac

Resols

Liquid Resols

Solid Resols

Other 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

By Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2020–2034)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Vietnam

Australia

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of Middle East & Africa

Table of Contents

126 Pages
Chapter 1. Introduction
1.1.1 Objectives of the Study
1.1.2 Assumptions
1.1.3 Sources
1.1.3.1 Secondary Sources
1.1.3.2 Primary Sources
Chapter 2. Executive Summary
2.1 Market Highlights
Chapter 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
Chapter 4. Phenolic Resins Market Insights
4.1 Market segmentation & Scope
4.2 Penetration & growth prospect mapping, 2021-2034
4.3 Phenolic resins market - value chain analysis
4.4 Regulatory framework
4.5 Technology overview
4.5.1 Production process
4.5.2 New technologies
4.6 Average selling prices, 2024 – 2034
4.6.1 Liquid resol resins
4.6.2 Solid resol resins
4.7 Phenolic Resins Market Dynamics
4.8 Phenolic Resins Market – Driver Analysis
4.8.1 Drivers and Opportunities
4.8.1.1 Sustainable insulation & engineered wood products driving growth
4.8.1.2 Demand for rubber & friction materials in transportation
4.8.2 Phenolic Resins Market Restraint Analysis
4.8.2.1 Raw material price volatility
4.8.3 Key opportunities prioritized
4.8.4 New market avenues
4.8.4.1 Bio-based materials & batch monitoring technologies
4.9 Porter’s Five Forces Analysis
4.10 PESTLE Analysis
4.11 COVID-19 Impact Analysis
Chapter 5. Phenolic Resins Market Assessment by Product
5.1 Introduction
5.2 Novolac
5.3 Resols
5.3.1 Liquid Resols
5.3.2 Solid Resols
5.4 Other Phenolic Resins
Chapter 6. Phenolic Resins Market Assessment by Application
6.1 Introduction
6.2 Wood Adhesives
6.3 Molding
6.4 Insulation
6.5 Laminates
6.6 Paper Impregnation
6.7 Coatings
6.8 Refractory Materials
6.9 Friction Material
6.10 Rubber & Tire
6.11 Electronics
6.12 Abrasives
Chapter 7. Phenolic Resins Market Assessment by End-Use
7.1 Introduction
7.2 Building & Construction
7.3 Automotive
7.4 Electrical & Electronics
7.5 Furniture
7.6 Other End-Uses
Chapter 8. Phenolic Resins Market Assessment by Geography
8.1 Introduction
8.2 Phenolic Resins Market – North America
8.2.1 Phenolic Resins Market – U.S.
8.2.2 Phenolic Resins Market – Canada
8.3 Phenolic Resins Market – Europe
8.3.1 Phenolic Resins Market – Germany
8.3.2 Phenolic Resins Market – France
8.3.3 Phenolic Resins Market – Italy
8.3.4 Phenolic Resins Market – Spain
8.3.5 Phenolic Resins Market – UK
8.3.6 Phenolic Resins Market – Turkey
8.3.7 Phenolic Resins Market – Russia
8.4 Phenolic Resins Market – Asia Pacific
8.4.1 Phenolic Resins Market – China
8.4.2 Phenolic Resins Market – India
8.4.3 Phenolic Resins Market – Japan
8.4.4 Phenolic Resins Market – Southeast Asia
8.4.5 Phenolic Resins Market – South Korea
8.5 Phenolic Resins Market – Latin America
8.5.1 Phenolic Resins Market – Mexico
8.5.2 Phenolic Resins Market – Brazil
8.6 Phenolic Resins Market – Middle East & Africa
8.6.1 Phenolic Resins Market – Saudi Arabia
Chapter 9. Competitive Landscape
9.1 Phenolic Resin Company Heat Map Analysis
9.2 Vendor Landscape
9.3 Competitive Environment
9.3.1 Strategic Initiatives
Chapter 10. Company Profiles
10.1 Owens Corning
10.1.1 Company Overview
10.1.2 Financial Performance
10.1.3 Industries and service catered
10.1.4 Product Benchmarking
10.1.5 Recent Development
10.2 Arclin Inc.
10.2.1 Company Overview
10.2.2 Industries and service catered
10.2.3 Product Benchmarking
10.2.4 Recent Development
10.3 Olympic Panel Product LLC
10.3.1 Company Overview
10.3.2 Industries and service catered
10.3.3 Product Benchmarking
10.4 Ashland Inc.
10.4.1 Company Overview
10.4.2 Financial Performance
10.4.3 Industries and service catered
10.4.4 Product Benchmarking
10.5 DIC Corporation
10.5.1 Company Overview
10.5.2 Financial Performance
10.5.3 Industries and service catered
10.5.4 Product Benchmarking
10.5.5 Recent Development
10.6 Hexcel Corp.
10.6.1 Company Overview
10.6.2 Financial Performance
10.6.3 Industries and service catered
10.6.4 Product Benchmarking
10.6.5 Recent Development
10.7 Arizona Chemical Company LLC (Kraton Corporation)
10.7.1 Company Overview
10.7.2 Financial Performance
10.7.3 Industries and service catered
10.7.4 Product Benchmarking
10.7.5 Recent Development
10.8 Georgia Pacific Chemicals
10.8.1 Company Overview
10.8.2 Industries and service catered
10.8.3 Product Benchmarking
10.8.4 Recent Development
10.9 Kolon Industries Inc.
10.9.1 Company Overview
10.9.2 Financial Performance
10.9.3 Industries and service catered
10.9.4 Product Benchmarking
10.10 Momentive Specialty Chemicals (Hexion Inc)
10.10.1 Company Overview
10.10.2 Industries and service catered
10.10.3 Product Benchmarking
10.10.4 Recent Development
10.11 Sumitomo Bakelite Co. Ltd.
10.11.1 Company Overview
10.11.2 Financial Performance
10.11.3 Industries and service catered
10.11.4 Product Benchmarking
10.12 BASF SE
10.12.1 Company Overview
10.12.2 Financial Performance
10.12.3 Industries and service catered
10.12.4 Product Benchmarking
10.13 Hitachi Chemical Co. Ltd
10.13.1 Company Overview
10.13.2 Financial Performance
10.13.3 Industries and service catered
10.13.4 Product Benchmarking
10.14 SI Group
10.14.1 Company Overview
10.14.2 Industries and service catered
10.14.3 Product Benchmarking
10.15 Hexion
10.15.1 Company Overview
10.15.2 Financial Performance
10.15.3 Industries and service catered
10.15.4 Product Benchmarking
10.15.5 Recent Development
10.16 Asahi Kasei
10.16.1 Company Overview
10.16.2 Financial Performance
10.16.3 Industries and service catered
10.16.4 Product Benchmarking
10.16.5 Recent Development
10.17 GUN EI Chemical Industry
10.17.1 Company Overview
10.17.2 Financial Performance
10.17.3 Industries and service catered
10.17.4 Product Benchmarking
10.18 Kangnam Chemical
10.18.1 Company Overview
10.18.2 Industries and service catered
10.18.3 Product Benchmarking
10.19 Chang Chun Group
10.19.1 Company Overview
10.19.2 Financial Snapshot
10.19.3 Industries and service catered
10.19.4 Product Benchmarking
10.20 Dynea AS
10.20.1 Company Overview
10.20.2 Financial Snapshot
10.20.3 Industries and service catered
10.20.4 Product Benchmarking
10.21 Zhejiang Hangmo Synthetic Materials Inc.
10.21.1 Company Overview
10.21.2 Financial Snapshot
10.21.3 Industries and service catered
10.21.4 Product Benchmarking
10.22 Shandong Yushiju Chemical Co. Ltd.
10.22.1 Company Overview
10.22.2 Industries and service catered
10.22.3 Product Benchmarking
10.23 Red Avenue New Materials Group Co., Ltd.
10.23.1 Company Overview
10.23.2 Industries and service catered
10.23.3 Product Benchmarking
Chapter 11. Phenolic Resins Import Export Data
11.1 Import Data, By Country, 2021-2034

Pricing

Currency Rates
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