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Phenolic Resins Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Phenolic Resins Market: By Type (Resol, Novolac); Application (Abrasives, Adhesives & Bindings, Coatings, Felt Bonding, Foam, Foundry, Friction, Laminates, Paper Impregnation, Substrate Saturation, Others); End-Use (Electrical & Electronics, Building & Construction, Automotive and Transportation, Consumer Electronics, Oil and Gas, Furniture, Others); Region— Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2023–2031

  • Published Date: Apr-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0423402  | Delivery: 2 to 4 Hours
INFOGRAPHIC:
Phenolic Resins Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2022US$ 9.3 Billion
Expected Revenue in 2031US$ 15.07 Billion
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Bn)
CAGR5.61%
Segments coveredBy Type, By Application, By End-Use, By Region
Key Companies                                                                                 3M Company, Akrochem Corporation, American Micro Industries Inc., Arclin Inc., Arizona Chemical, Ashland Global Holding Inc., Bakelite Synthetics, BASF SE, Hexcel Corporation, Kolon Industries, Owens Corning, SI Group Inc., Others major players
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FREQUENTLY ASKED QUESTIONS

The Phenolic Resin Market was valued at US$ 9,364.56 million in 2022.

The Phenolic Resin Market is expected to grow at a CAGR of 5.61% during the forecast period.

The low cost and easy availability of phenolic resin as a raw material in the electronics, construction, and automotive sectors are driving the growth of the market.

Environmental and health concerns associated with phenolic resin are likely to slow down its use.

The threat of substitutes in the global Phenolic Resin market is low to moderate.

Phenolic resins are mostly used in adhesives & bindings applications.

The Phenolic Resin Market is segmented by category, design, technology, and application.

Resol and Novolac are two common types of phenolic resins.

Asia Pacific held the highest share of approximately 42% of the market in 2022.

Key players in the Phenolic Resin Market include the 3M Company, Akrochem Corporation, American Micro Industries Inc., Arclin Inc., Arizona Chemical, Ashland Global Holding Inc., among others.

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