페놀 수지 시장 규모, 점유율, 성장 분석 : 종류별, 용도별, 지역별 - 업계 예측(2026-2033년)

Phenolic Resin Market size was valued at USD 12.99 Billion in 2024 and is poised to grow from USD 13.67 Billion in 2025 to USD 20.5 Billion by 2033, growing at a CAGR of 5.2% during the forecast period (2026-2033).

The phenolic resin market is witnessing robust growth, fueled by heightened demand in various sectors, including automotive, construction, electronics, and industrial manufacturing. These synthetic polymers are prized for their thermal stability, fire resistance, low toxicity, and mechanical strength, making them suitable for high-performance applications. Their extensive use in the automotive industry for components like brake linings and insulation is particularly noteworthy as electric vehicle production surges. Nonetheless, challenges such as dependence on petroleum-based feedstock and rising environmental concerns pose potential limitations on market expansion. Stringent regulations surrounding formaldehyde emissions further complicate production processes. Despite these hurdles, the rising demand for novolac resins and increased manufacturing in sectors like housing and engineered products present significant opportunities for growth in the phenolic resin industry.

Top-down and bottom-up approaches were used to estimate and validate the size of the Phenolic Resin market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Phenolic Resin Market Segments Analysis

Global Phenolic Resin Market is segmented by Type, Application and region. Based on Type, the market is segmented into Resol, Novolac and Others. Based on Application, the market is segmented into Wood Adhesives, Laminates, Foundry & Moldings, Paper Impregnation, Coatings, Insulations, Building & Construction, Furniture, Automotive, Electrical & Electronics and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Phenolic Resin Market

The Phenolic Resin market is driven by the widespread application of these resins across numerous industries, thanks to their exceptional properties. Notable characteristics, such as outstanding heat resistance, high moldability, and superior mechanical strength, make phenolic resins a preferred choice. Their low toxicity when combusted adds to their appeal in various applications. As a robust binder and adhesive, phenolic resins are integral in the production of structural wood panels and mineral wool insulation, owing to their water-resistant qualities. In sectors like automotive and construction, they are utilized for brake linings, insulating foams, foundry binders, and composites, leveraging their thermal stability and fire resistance.

Restraints in the Phenolic Resin Market

The phenolic resin market faces significant constraints due to the toxic nature of its key components, formaldehyde and phenol, which can pose serious health risks when inhaled or absorbed. As a result, the manufacturing and usage of these substances are subject to stringent regulations, particularly in North America and Europe. These regulations can hinder production processes, increase compliance costs, and limit market growth. Additionally, public concern over health and environmental effects related to these chemicals could lead to further restrictions or a decline in demand for phenolic resin-based products. Such factors contribute to a challenging landscape for industry stakeholders.

Market Trends of the Phenolic Resin Market

The phenolic resin market is witnessing a surge driven by a growing emphasis on lightweight materials in various industries, particularly the automotive sector. As manufacturers strive to enhance the fuel efficiency and performance of vehicles, the demand for advanced materials like phenolic resins is escalating. Their superior properties, including thermal stability and high strength, make them ideal candidates for automotive applications such as adhesives and composites. The rising consumer preference for environmentally friendly and efficient vehicles further propels this trend. Consequently, phenolic resins are poised for significant growth as key components in innovative automotive designs and production processes.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2025
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis

Global Phenolic Resin Market Size by Type & CAGR (2026-2033)

• Market Overview
• Resol
  • Liquid Resol Resin
  • Solid Resol Resin
• Novolac
• Others

Global Phenolic Resin Market Size by Application & CAGR (2026-2033)

• Market Overview
• Wood Adhesives
• Laminates
• Foundry & Moldings
• Paper Impregnation
• Coatings
• Insulations
• Building & Construction
• Furniture
• Automotive
• Electrical & Electronics
• Others

Global Phenolic Resin Market Size & CAGR (2026-2033)

• North America (Type, Application)
  • US
  • Canada
• Europe (Type, Application)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Type, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Type, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Type, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2023-2025)

Key Company Profiles

• Bakelite Synthetics (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sumitomo Bakelite Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SI Group Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Jinan Shengquan Group Share Holding Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ashland Global Holdings Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BASF SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Georgia-Pacific Chemicals (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• DIC Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hexcel Corporation (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Akrochem Corporation (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kraton Corporation (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Showa Denko Materials Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Changshu South-East Plastic Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kangnam Chemical Co., Ltd. (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kolon Industries Inc. (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shandong Laiwu Runda New Material Co., Ltd. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Arclin Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsui Chemicals, Inc. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Allnex Belgium SA/NV (Belgium)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations