Market Overview:
The global phenolic resin market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for phenolic resins from various end-use industries, such as automotive, building & construction, and furniture. In terms of type, the resol resin segment is projected to lead the global phenolic resin market during the forecast period. This can be attributed to its properties such as high heat resistance and excellent electrical insulation properties. In terms of application, the automotive segment is projected to lead the global phenolic resin market during the forecast period.
Product Definition:
A phenolic resin is a synthetic polymer that contains one or more phenol groups. These resins are used in adhesives, coatings, and other industrial applications.
Resol Resin:
Resol resins are synthetic thermosetting polymers, manufactured by the catalytic oxidation of aromatic compounds. They are used in high-temperature applications as substitutes for phenolic resins due to their superior mechanical properties and resistance to thermal shock.
The global market is expected to grow at a CAGR of XX% from 2016 - 2024 on account of increasing demand for lightweight materials in automotive & aerospace industries coupled with growing construction activities across the globe.
Novolac Resin:
Novolac resin is a colorless liquid derived from the distillation of wood. It contains terephthalic acid and formaldehyde as major ingredients. The product has high demand in phenolic resins production owing to its low cost, purity, and availability.
Phenolic resins are used for producing flooring tiles, coatings, moldings; they are also used in construction materials such as cement composites.
Application Insights:
Building and construction was the largest application segment in 2017. Phenolic resins are used for manufacturing a wide range of products including wall panels, roofing systems, cladding units, acoustic solutions and insulation materials. They are also employed for the manufacturing of lightweight composite structures that can withstand natural disasters such as earthquakes. In addition, phenolic resins find applications in lightweight vehicles which reduces fuel consumption by up to 15%.
Automotive is expected to be one of the fastest growing segments over the forecast period owing to increasing demand from countries such as India & China on account of rising income levels coupled with changing lifestyle trends towards vehicle ownership among millennials has resulted in an increased demand for passenger cars across these regions. This factor along with increasing R&D investments by major players such as Toyota Motor Corporation is anticipated to boost overall market growth over the forecast period.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population, which makes it a potential customer base for various end-use industries. Phenolic resins are widely used across several sectors such as automotive, electrical & electronics, construction, furniture owing to their high durability and low cost compared to other alternatives. This trend is projected to continue driving the demand from Asia Pacific during the forecast period.
The growth of end-use industries in emerging economies such as China and India has led these countries being called manufacturing hubs by many experts including ourselves because they offer tremendous opportunities for industry participants with right know-how & facilities along with cheap labor costs.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and electrical & electronics
- Rising demand for phenolic resin in Asia Pacific region
- Growing use of phenolic resin in composites and laminates applications
- Technological advancements in the manufacturing process of phenolic resin
- Increasing investments by key players to expand their production capacities
Scope Of The Report
Report Attributes
Report Details
Report Title
Phenolic Resin Market Research Report
By Type
Resol Resin, Novolac Resin
By Application
Automotive, Building & construction, Furniture
By Companies
Hexion, Hitachi Chemical, Sumitomo Bakelite, BASF, SI Group, DIC, Kolon Industries, Shandong Laiwu Runda New Material, Dujodwala Paper Chemicals, Changshu South-East Plastic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Phenolic Resin Market Report Segments:
The global Phenolic Resin market is segmented on the basis of:
Types
Resol Resin, Novolac Resin
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Building & construction, Furniture
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hexion
- Hitachi Chemical
- Sumitomo Bakelite
- BASF
- SI Group
- DIC
- Kolon Industries
- Shandong Laiwu Runda New Material
- Dujodwala Paper Chemicals
- Changshu South-East Plastic
Highlights of The Phenolic Resin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Resol Resin
- Novolac Resin
- By Application:
- Automotive
- Building & construction
- Furniture
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Phenolic Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Phenolic resin is a type of resin that is derived from phenols. Phenolic resins are used in a variety of applications, including construction, automotive parts and furniture.
Some of the key players operating in the phenolic resin market are Hexion, Hitachi Chemical, Sumitomo Bakelite, BASF, SI Group, DIC, Kolon Industries, Shandong Laiwu Runda New Material, Dujodwala Paper Chemicals, Changshu South-East Plastic.
The phenolic resin market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Phenolic Resin Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Phenolic Resin Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Phenolic Resin Market - Supply Chain
4.5. Global Phenolic Resin Market Forecast
4.5.1. Phenolic Resin Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Phenolic Resin Market Size (000 Units) and Y-o-Y Growth
4.5.3. Phenolic Resin Market Absolute $ Opportunity
5. Global Phenolic Resin Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Phenolic Resin Market Size and Volume Forecast by Type
5.3.1. Resol Resin
5.3.2. Novolac Resin
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Phenolic Resin Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Phenolic Resin Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Building & construction
6.3.3. Furniture
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Phenolic Resin Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Phenolic Resin Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Phenolic Resin Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Phenolic Resin Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Phenolic Resin Demand Share Forecast, 2019-2029
9. North America Phenolic Resin Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Phenolic Resin Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Phenolic Resin Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Building & construction
9.4.3. Furniture
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Phenolic Resin Market Size and Volume Forecast by Type
9.7.1. Resol Resin
9.7.2. Novolac Resin
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Phenolic Resin Demand Share Forecast, 2019-2029
10. Latin America Phenolic Resin Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Phenolic Resin Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Phenolic Resin Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Building & construction
10.4.3. Furniture
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Phenolic Resin Market Size and Volume Forecast by Type
10.7.1. Resol Resin
10.7.2. Novolac Resin
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Phenolic Resin Demand Share Forecast, 2019-2029
11. Europe Phenolic Resin Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Phenolic Resin Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Phenolic Resin Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Building & construction
11.4.3. Furniture
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Phenolic Resin Market Size and Volume Forecast by Type
11.7.1. Resol Resin
11.7.2. Novolac Resin
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. y Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Phenolic Resin Demand Share, 2019-2029
12. Asia Pacific Phenolic Resin Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Phenolic Resin Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Phenolic Resin Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Building & construction
12.4.3. Furniture
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Phenolic Resin Market Size and Volume Forecast by Type
12.7.1. Resol Resin
12.7.2. Novolac Resin
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Phenolic Resin Demand Share, 2019-2029
13. Middle East & Africa Phenolic Resin Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Phenolic Resin Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Phenolic Resin Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Building & construction
13.4.3. Furniture
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Phenolic Resin Market Size and Volume Forecast by Type
13.7.1. Resol Resin
13.7.2. Novolac Resin
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Phenolic Resin Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Phenolic Resin Market: Market Share Analysis
14.2. Phenolic Resin Distributors and Customers
14.3. Phenolic Resin Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hexion
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hitachi Chemical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sumitomo Bakelite
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BASF
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SI Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DIC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kolon Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shandong Laiwu Runda New Material
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dujodwala Paper Chemicals
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Changshu South-East Plastic
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
