Phenolic Resin Market Outlook:
Phenolic Resin Market size was over USD 15.61 billion in 2025 and is poised to exceed USD 25.67 billion by 2035, witnessing over 5.1% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of phenolic resin is estimated at USD 16.33 billion.
This growth is driven by the growing production of wood which is used in laminates. In a process called a Continuous Process Line (CPL), Kraft paper coated with a resol-type phenolic resin serves as a support layer. A second decorative paper impregnated with melamine resin serves as the surface layer. These are pressed together at high temperatures and under low pressures for making thin laminates.
Furthermore, the growing production of automobiles also boosts the phenolic resin market demand. The production of automobiles reached over 79 million units in 2021. In comparison to the previous year, this statistic represents a rise of about 2%. Hence, the use of phenolic resin is growing in automotive parts owing to its high heat resistivity.
