Global Phenolic Resin Market

  • Published: Oct 2020
  • Pages: 120
  • SKU: IRTNTR44737

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The phenolic resin market size is expected to grow by USD 4.56 bn and record a CAGR of 6% during 2020-2024.

This post-pandemic global phenolic resin market report has assessed the shift in consumer behaviour and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this phenolic resin market analysis report, key drivers such as advantages of phenolic resins have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as , which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Phenolic Resin Market Size be in 2020?


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Who are the Key Vendors in the Phenolic Resin Market?

The phenolic resin market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies includng:


  • Ashland Global Holdings Inc.
  • DIC Corp.
  • Georgia-Pacific LLC
  • Hexcel Corp.
  • Hexion Inc.
  • Hitachi Chemical Co. Ltd.
  • Kolon Industries Inc.
  • Mitsubishi Chemical Corp.
  • Sumitomo Bakelite Co. Ltd.


The phenolic resin market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This phenolic resin market report further entails segmentations by Type (Resol, Novoloc, and Others), Geography (APAC, North America, Europe, South America, and MEA), and Application (wood adhesives, molding, laminates, insulation, and others). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.


Which are the Key Regional Markets for Phenolic Resin Market?


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The report offers an up-to-date analysis of the geographical composition of the market. APAC had the largest market share in the phenolic resin market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The growing building and construction activities will significantly influence biofuels market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

46% of the market’s growth will originate from APAC during the forecast period. US, China, India, Germany, and UK are the key markets for phenolic resin market in the region. This report provides estimations of the contribution of all regions to the growth of the phenolic resin market size.


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What are the Key Factors Covered in this Phenolic Resin Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive phenolic resin market growth during the next five years
  • Precise estimation of the phenolic resin market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the phenolic resin market industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of phenolic resin market vendors

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Phenolic Resin Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2020-2024

USD 4.56 billion

Market structure


YoY growth (%)


Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 46%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Ashland Global Holdings Inc., BASF SE, DIC Corp., Georgia-Pacific LLC, Hexcel Corp., Hexion Inc., Hitachi Chemical Co. Ltd., Kolon Industries Inc., Mitsubishi Chemical Corp., and Sumitomo Bakelite Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The phenolic resin market growth will increase by $4564.70 million during 2019-2024.
The phenolic resin market is expected to grow at a CAGR of 6.45% during 2019-2024.
Technavio has segmented the phenolic resin market by type (Resol, Novoloc, and Others) ,application (Wood adhesives, Molding, Laminates, Insulation, and Others) , and geographic (APAC, North America, Europe, South America, and MEA).
Ashland Global Holdings Inc., BASF SE, DIC Corp., Georgia-Pacific LLC, Hexcel Corp., Hexion Inc., Hitachi Chemical Co. Ltd., Kolon Industries Inc., Mitsubishi Chemical Corp., Sumitomo Bakelite Co. Ltd. are a few of the key vendors in the phenolic resin market.
APAC will register the highest growth rate of 46.05% among the other regions. Therefore, the phenolic resin market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the phenolic resin market growth are:
  • Growing building and construction activities
The phenolic resin market vendors should focus on grabbing business opportunities from the resol segment as it accounted for the largest market share in the base year.
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