Phenolic Resin Market is projected to reach USD 16.64 billion Growth Strategies and Forecast to 2029 | Bakelite Synthetics, Sumitomo Bakelite Company Limited

Exactitude Consultancy Market Research states that Global Phenolic Resin Market growing at a CAGR of 4.5%, and it is expected to reach USD 16.64 billion by 2029, over the forecast period 2023-2029.

Phenolic resins, a synthetic polymer, are used in various applications like electronics, ballistics, and aerospace. The market is segmented by product type, application, and end-user industry. The market is categorized into novolac and resol, with applications including molding, adhesive, and insulation. The market is also analyzed across 15 countries.

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**Note: Version 2023 has been updated.

What does this report offer?

Market size (historical and future), market growth, technical trends, market share, market dynamics, competitive landscape, and key players are all factors to consider.

Drivers

The construction industry is experiencing a surge in demand for phenolic resins, particularly Novolac, a high-binding adhesive agent. This resin is particularly popular in the furniture industry, particularly for plywood manufacturing due to its low heat resistance. The APAC region's growing infrastructure presents an opportunity for phenolic resin producers.

The phenolic resins market is growing due to their high moldability, heat resistance, low smoke toxicity, mechanical strength, and polymer blendability, and research in natural fiber replacement.

Opportunities

The US construction industry is expected to grow significantly, with the government budgeting $200 billion for infrastructure in 2022. The phenolic resins market is also expected to grow due to rising demand for wood adhesives due to their water, moisture, and weather resistance properties.

Who are the key industry players?

Bakelite Synthetics, Sumitomo Bakelite Company Limited, SI Group Inc., Jinan Shengquan Group Share Holding Co., Ltd., Ashland Global Holdings, Inc., BASF SE, Georgia-Pacific Chemicals', DIC Corp, Hexcel Corporation, Akrochem Corporation

Recent Developments:

January 2023: BASF SE invested in the capacity expansion of polymer dispersions at its production site in Merak, Indonesia. The expansion is in line with the growing trend of high-quality packaging in ASEAN, where key paper and board manufacturers are located.

December 2022: Sumitomo Bakelite Europe NV, a Belgium-based subsidiary company of Sumitomo Bakelite Co., Ltd., obtained international sustainability carbon certification/ISCC PLUS (International Sustainability and Carbon Certification) certification for its phenolic resins. ISCC PLUS Certification is provided to companies for processing biobased and bio-circular materials and is widely used in Europe.

What precisely is market segmentation?

Global Phenolic Resin Market by Type, 2023-2029, (USD Million) (Kilotons)

Resol

Novolac

Global Phenolic Resin Market By Application Type, 2023-2029, (USD Million) (Kilotons)

Wood Adhesives

Laminates

Foundry & Moldings

Paper Impregnation

Coatings

Insulations

Global Phenolic Resin Market by End Use Industry, 2023-2029, (USD Million) (Kilotons)

Automotive and Transportation

Consumer Electronics

Building and Construction

Oil and Gas

Furniture

Other

Phenolic Resin Keyword Analysis by Regions - Global Version

North America (the United States, Canada, and Mexico)

- Europe (Germany, France, the United Kingdom, the Netherlands, Italy, the Nordic countries, Spain, Switzerland, and the remainder of Europe)

- Asia-Pacific (including China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the rest of APAC)

- South America (Brazil, Argentina, Chile, Colombia, and the remaining countries, among others)

- the Middle East and Africa (Saudi Arabia, UAE, Israel, Egypt, Turkey, Nigeria, South Africa, and the rest of the MEA)

This report contains detailed quantitative assessments of the Phenolic Resin market as well as recommendations for building strategies to assist market success and growth.

Table of Content:

1 Study Reporting
1.1 Phenolic Resin Product
1.2 Key Segments in This Study
1.3 Key Companies Covered
1.4 Market by Type
1.4.1 Global Phenolic Resin Market Size Growth Rate by Type
1.5 Market by Application

2 Executive Instantaneous
2.1 Global Phenolic Resin Market Size
2.1.1 Global Phenolic Resin Revenue
2.1.2 Global Phenolic Resin Production
2.2 Phenolic Resin Growth Rate (CAGR)
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Phenolic Resin Manufacturers
2.3.2.1 Phenolic Resin Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers «Keyword» Product Offered

2.3.2.3 Date of Manufacturers Enter into Phenolic Resin Market
2.4 Key Trends for Phenolic Resin Markets & Products

3 Market Size by Manufacturers
3.1 Phenolic Resin Production by Manufacturers
3.2 Mergers & Acquisitions, Expansion Plans

4 Phenolic Resin Production by Regions

4.1 Global Phenolic Resin Production by Regions
4.1.1 Global Phenolic Resin Production Market Share by Regions
4.1.2 Global Phenolic Resin Revenue Market Share by Regions
4.2 United States
4.2.1 United States Phenolic Resin Production
4.2.2 United States Phenolic Resin Revenue
4.2.3 Key Players in United States
4.2.4 United States Phenolic Resin Import & Export
4.3 Europe
4.3.1 Europe Phenolic Resin Production
4.3.2 Europe Phenolic Resin Revenue
5 Phenolic Resin Consumption by Regions
5.1 Global Phenolic Resin Consumption by Regions
5.1.1 Consumption by Regions
5.1.2 Consumption Market Share by Regions
5.2 North America
5.2.1 North America Consumption by Application
5.2.2 North America Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Consumption by Application
5.3.2 Europe Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Consumption by Application
5.4.2 Asia Pacific Consumption by Countries
5.5.1 Central & South America) Consumption by Application
5.5.2 Central & South America Consumption by Country

6 Market Size by Type
6.1 Production by Type
6.2 Revenue by Type
6.3 Price by Type

7 Market Size by Application
7.1 Overview
7.2 Global Phenolic Resin Breakdown Dada by Application
7.2.1 Global Phenolic Resin Consumption by Application

7.2.2 Global Phenolic Resin Consumption Market Share by Application

8 Manufacturers Profiles
9 Production Forecasts
9.1 Phenolic Resin Production and Revenue Forecast
9.1.1 Global Phenolic Resin Production Forecast
9.1.2 Global Phenolic Resin Revenue Forecast
9.2 Phenolic Resin Production and Revenue Forecast by Regions
9.2.1 Global Phenolic Resin Revenue Forecast by Regions
9.2.2 Global Phenolic Resin Production Forecast by Regions
9.3 Phenolic Resin Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.4 Forecast by Type
9.4.1 Global Phenolic Resin Production Forecast by Type
9.4.2 Global Phenolic Resin Revenue Forecast by Type

10 Consumption Forecast
10.1 Phenolic Resin Consumption Forecast by Application
10.2 Phenolic Resin Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America Phenolic Resin Consumption Forecast by Regions
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe Phenolic Resin Consumption Forecast by Regions 2018-2025
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific Phenolic Resin Consumption Forecast by Regions
10.5.2 China
10.5.3 Japan
10.5.4 South Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America Phenolic Resin Consumption Forecast by Regions
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa Phenolic Resin Consumption Forecast by Regions
10.7.2 GCC Countries
10.7.3 Egypt
10.7.4 South Africa

11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Phenolic Resin Sales Channels
11.2.2 Phenolic Resin Distributors
11.3 Phenolic Resin Customers

12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints
12.4 Key World Economic Indicators

13 Key Findings in the Global Phenolic Resin Study

14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer

Continue….

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The study of the effects of the Russia-Ukraine War and COVID-19 on Phenolic Resin industry will be added to the final report.

The market for Phenolic Resin has been thoroughly researched for this research report using both primary and secondary sources. Along with a competitive analysis of the market, segmented by application, type, and geographical trends, it offers a comprehensive overview of the market's present and future goals. Additionally, a dashboard analysis of the previous and current performance of top organizations is provided. To ensure accurate and thorough information about the Phenolic Resin Market, a range of approaches and analysis are utilized in the study.

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