Phenolic Resin Market Analysis

Phenolic Resin Segmentation

Type (Resol, Novolac)

The novolac segment in the phenolic resin market is poised to generate the largest revenue by 2037. The growth of the segment is on account of its rising application. The production of electrical laminates, adhesives, coatings, and molded parts frequently uses novalac resins, a type of phenolic resin. They stand out for high cross-linking density and low molecular weight, which make them perfect for high-temperature applications. Moreover, due to the rising need for electrical laminates in the construction and automotive industries, novolac resin consumption is predicted to increase dramatically in the upcoming years.

End-Use Industry (Electrical & Electronics, Automotive, Lumber, Building & Construction)

Phenolic resin market from the building & construction segment is estimated to have significant growth during the forecast timeline. This is credited to the growing construction activities. Public residential construction investments increased significantly in the US in recent years.

Our in-depth analysis of the market includes the following segments:

Type	Resol Novolac
Application	Friction Adhesives & Binding Coatings Felt Bonding Foam Abrasives Substrate Saturation Foundry
End-Use Industry	Electrical & Electronics Automotive Lumber Building & Construction

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of phenolic resin is estimated at USD 10.43 billion.

The phenolic resin market size was valued at USD 10.01 billion in 2024 and is expected to cross USD 19.27 billion by the end of 2037, expanding at more than 5.3% CAGR during the forecast period i.e., between 2025-2037. The market growth is driven by growing demand for consumer goods and appliances, rising advantages to the petrochemical sector, and a surge in use in the pharmaceutical industry.

North America industry is poised to have significant growth through 2037, on account of increasing demand for residential and commercial spaces.

The major players in the market include Arclin Inc.Arizona Chemical LtdAsahi Kasei CorporationAshland Inc.BASF SEChangchun groupDIC CorporationDYNEA ASGeorgia Pacific LLCGUN EI Chemical Industry.

Phenolic Resin Market Analysis