Press release
Phenolic Resin Market for Wood Processing to Reach USD 1.3 Billion by 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/3587/phenolic-resin-market-for-wood-processing.html#form
Market Statistics
• Forecast value: USD 1.3 billion (2028)
• CAGR: 3.4%
• Forecast period: 2023-2028
• Base year: 2023
• Total number of segments: 3
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Application Type
• Plywood
• Particle Board
• OSB
• Hardboard
• MDF/HDF
• Other Fiber Board
By Resin Type
• Resole
• Novolac
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
Across application types, plywood is both the dominant and fastest-growing segment due to its extensive production and broad applications in construction, cabinetry, packaging, furniture, and industrial flooring. Its structural strength and cost effectiveness drive high phenolic resin demand in large-scale wood panel manufacturing, leading suppliers to prioritize product quality and supply reliability to sustain long-term contracts.
Under resin types, resole is anticipated to remain the largest and fastest-growing segment, driven by its advantageous properties such as high strength, water and heat resistance, chemical stability, and ease of use in wood processing applications. This positions resole producers to expand their manufacturing capacity and innovate formulations to cater to evolving performance requirements.
Regional Insights
Asia-Pacific is the dominant and fastest-growing region in the phenolic resin market for wood processing, supported by healthy economic development, robust investment in construction, furniture, and packaging industries, and the region's status as the largest producer of wood-based panels globally. Key countries like China, India, and Japan are significant contributors to demand, encouraging resin manufacturers and distributors to strengthen regional operations and partnerships.
Market Drivers
• Increasing wood-based panel production accelerating phenolic resin consumption in plywood, MDF, and OSB manufacturing.
• Rising use of wood panels in construction, furniture, and industrial applications due to durability and aesthetic appeal.
• Phenolic resins' inherent high bonding strength and resistance to water, heat, and chemicals, enhancing product life and performance.
• Growing infrastructure and housing development in emerging economies expanding demand for engineered wood products.
• Technological advancements in resin synthesis improving production efficiency and environmental performance, fostering broader industrial adoption.
Competitive Landscape
Top Companies in the Market
• Arclin, Inc.
• Bakelite Synthetics
• Dynea AS
• Jinan Shengquan Group Share-Holding Co., Ltd.
• Prefere Resins Holding GmbH
• Sumitomo Bakelite Co., Ltd.
FAQs
1. How large is the phenolic resin market for wood processing expected to be by 2028?
The market is projected to reach USD 1.3 billion by 2028.
2. What growth rate is forecast for the phenolic resin market for wood processing?
The market is expected to grow at a CAGR of 3.4% over the next five years.
3. Which application type uses the most phenolic resin for wood processing?
Plywood production is the dominant application due to its extensive use across construction, furniture, and industrial panels.
4. What resin type is most widely used in this market?
Resole resin is dominant and growing fastest because of its balanced performance characteristics and ease of use.
5. Which region offers the strongest growth prospects for phenolic resin suppliers?
Asia-Pacific leads the market and is expected to grow fastest, driven by high wood panel production and expanding construction and furniture industries.
Related Links:
construction fabrics market: https://webyourself.eu/blogs/1691171/Construction-Fabrics-Market-Driving-Durability-and-Sustainability-in-Modern-Infrastructure
construction plastics market: https://www.ganjingworld.com/news/1i8j7dssd7v3sIkzRIc6r4CiR1hg1c/global-construction-plastics-market-insights-and-opportunities
counter uav market: https://justpaste.it/eqw4h
cross linked polyethylene market: https://hallbook.com.br/blogs/857024/Cross-Linked-Polyethylene-Market-Outlook-Trends-and-Applications
crosslinking agent market: https://scrapbox.io/mrnews/Crosslinking_Agent_Market_Growth_Insights_and_Future_Prospects
cyanate ester resins market: https://researchnews22.amebaownd.com/posts/58357476
data acquisition system market: https://velog.io/@stella_reed/Data-Acquisition-System-DAQ-Market-Powering-Precision-Automation-and-Real-Time-Decision-Making
dc power supplies market: https://logcla.com/blogs/1068767/DC-Power-Supplies-Market-Driving-Precision-and-Reliability-in-Electronics
dodecanedioic acid market: https://vintfint.com/blogs/123782/Global-dodecanedioic-acid-Market-Insights
dry construction market: https://network.musicdiffusion.com/read-blog/77311
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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