Global Phenolic Resins Market Outlook | Revenue, Trends, Companies, Size, Industry, Forecast, Share, COVID-19 IMPACT, Analysis, Value & Growth

Global Phenolic Resins Market is expected to gain growth projections in the coming years. The areas of applications are wood adhesives, foundry, molding, laminations, insulations and others. The driving factors are rise in demand for rubber and friction materials which is lightweight makes overall weight of vehicle less, domestic manufacturing of wall panels, cabinets and furniture is witnessing growth in the residential housing wood products, industrial and decorative laminations for construction industry. Additionally, growing transportation business across the globe will drive the rubber processing industry growth which will in turn, accelerates phenolic resins market. One of the risks faced by the phenolic resin market in today’s scenario is fluctuation in the price of raw materials. Recently we have seen SUEZ canal blockage, this is also a type of restraint as four regions Asia, Europe, Middle East and Africa are connected through the Suez Canal route. Additionally, Trade War and sanctions imposed by one country to others are the restraint to market. The outbreak of COVID-19 has affected the phenolic resin market as automotive industry, construction industry is severely affected. Additionally, the oil and gas sector were affected due to the temporary lockdown in almost all countries. The consumer electronics, furniture industries are also affected due to difficulties in continued operations due to shortages of workforces as workers are migrated to their home. Recently COVID-19 cases are again increasing and there were lockdowns and restrictions in many countries, market will be affected.  

According to 6Wresearch, the Global Phenolic Resins Market size is anticipated to register growth during 2021-2027. Asia pacific is likely to be the largest and fastest growing region in the phenolic resin market as Asia pacific is the largest producer of automotive production. Middle East construction industry is driven by factors such as higher market demands due to demographics, stronger support by the state and moderate increase in oil prices. Rapidly growing electrical and electronics industry increases novolac demand. Some of the key players are Owens Corning, Kangam Chemical, Sumitomo Bakelite Co. Ltd, BASF SE, Arclin Inc., Ashland Inc., Hexcel Corp, Kolon Industries Inc., Mangalam Organics Limited. To boost electric mobility in India the Government of India has already announced its plan to support electric vehicle through subsidies, this will increase demand in automotive industry thus phenolic resins market will grow.

The phenolic resin market is segmented based on product type, application, end-user industry, and geography. By geography, the market is segmented into Asia-Pacific, North America, Latin America, Europe, South America, Middle-East and Africa. Additionally, manufacturers in the Asia-Pacific region are using bio-based fuel for production of phenolic resin, which attracts the market. Automotive industry is likely to grow faster as Electric vehicle are replacing conventional vehicles.

The Global Phenolic Resin Market report thoroughly covers the market by types, applications, end user industry and regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa, and key countries. The Global phenolic resin market outlook report provides an unbiased and detailed analysis of the on-going Global phenolic resin market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Global Phenolic Resins Market Outlook
• Market Size of Global Phenolic Resins Market, 2020
• Forecast of Global Phenolic Resins Market, 2027
• Historical Data and Forecast of Global Phenolic Resins Revenues & Volume for the Period 2017 - 2027
• Global Phenolic Resins Market Trend Evolution
• Global Phenolic Resins Market Drivers and Challenges
• Global Phenolic Resins Price Trends
• Global Phenolic Resins Porter's Five Forces
• Global Phenolic Resins Industry Life Cycle
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Product for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Novolac for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Resol for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Europe Phenolic Resins Market Revenues & Volume By Product for the Period 2017 - 2027
• Historical Data and Forecast of Europe Phenolic Resins Market Revenues & Volume By Novolac for the Period 2017 - 2027
• Historical Data and Forecast of Europe Phenolic Resins Market Revenues & Volume By Resol for the Period 2017 - 2027
• Historical Data and Forecast of Europe Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Phenolic Resins Market Revenues & Volume By Product for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Phenolic Resins Market Revenues & Volume By Novolac for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Phenolic Resins Market Revenues & Volume By Resol for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Africa Phenolic Resins Market Revenues & Volume By Product for the Period 2017 - 2027
• Historical Data and Forecast of Africa Phenolic Resins Market Revenues & Volume By Novolac for the Period 2017 - 2027
• Historical Data and Forecast of Africa Phenolic Resins Market Revenues & Volume By Resol for the Period 2017 - 2027
• Historical Data and Forecast of Africa Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Phenolic Resins Market Revenues & Volume By Product for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Phenolic Resins Market Revenues & Volume By Novolac for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Phenolic Resins Market Revenues & Volume By Resol for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Phenolic Resins Market Revenues & Volume By Product for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Phenolic Resins Market Revenues & Volume By Novolac for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Phenolic Resins Market Revenues & Volume By Resol for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of North America Phenolic Resins Market Revenues & Volume By Product for the Period 2017 - 2027
• Historical Data and Forecast of North America Phenolic Resins Market Revenues & Volume By Novolac for the Period 2017 - 2027
• Historical Data and Forecast of North America Phenolic Resins Market Revenues & Volume By Resol for the Period 2017 - 2027
• Historical Data and Forecast of North America Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Product for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Novolac for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Resol for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Wood Adhesives for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Molding for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Insulation for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Laminates for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Paper Impregnation for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Coatings for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Europe Phenolic Resins Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Europe Phenolic Resins Market Revenues & Volume By Wood Adhesives for the Period 2017 - 2027
• Historical Data and Forecast of Europe Phenolic Resins Market Revenues & Volume By Molding for the Period 2017 - 2027
• Historical Data and Forecast of Europe Phenolic Resins Market Revenues & Volume By Insulation for the Period 2017 - 2027
• Historical Data and Forecast of Europe Phenolic Resins Market Revenues & Volume By Laminates for the Period 2017 - 2027
• Historical Data and Forecast of Europe Phenolic Resins Market Revenues & Volume By Paper Impregnation for the Period 2017 - 2027
• Historical Data and Forecast of Europe Phenolic Resins Market Revenues & Volume By Coatings for the Period 2017 - 2027
• Historical Data and Forecast of Europe Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Phenolic Resins Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Phenolic Resins Market Revenues & Volume By Wood Adhesives for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Phenolic Resins Market Revenues & Volume By Molding for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Phenolic Resins Market Revenues & Volume By Insulation for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Phenolic Resins Market Revenues & Volume By Laminates for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Phenolic Resins Market Revenues & Volume By Paper Impregnation for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Phenolic Resins Market Revenues & Volume By Coatings for the Period 2017 - 2027
• Historical Data and Forecast of Middle East Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Africa Phenolic Resins Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Africa Phenolic Resins Market Revenues & Volume By Wood Adhesives for the Period 2017 - 2027
• Historical Data and Forecast of Africa Phenolic Resins Market Revenues & Volume By Molding for the Period 2017 - 2027
• Historical Data and Forecast of Africa Phenolic Resins Market Revenues & Volume By Insulation for the Period 2017 - 2027
• Historical Data and Forecast of Africa Phenolic Resins Market Revenues & Volume By Laminates for the Period 2017 - 2027
• Historical Data and Forecast of Africa Phenolic Resins Market Revenues & Volume By Paper Impregnation for the Period 2017 - 2027
• Historical Data and Forecast of Africa Phenolic Resins Market Revenues & Volume By Coatings for the Period 2017 - 2027
• Historical Data and Forecast of Africa Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Phenolic Resins Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Phenolic Resins Market Revenues & Volume By Wood Adhesives for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Phenolic Resins Market Revenues & Volume By Molding for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Phenolic Resins Market Revenues & Volume By Insulation for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Phenolic Resins Market Revenues & Volume By Laminates for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Phenolic Resins Market Revenues & Volume By Paper Impregnation for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Phenolic Resins Market Revenues & Volume By Coatings for the Period 2017 - 2027
• Historical Data and Forecast of Asia Pacific Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Phenolic Resins Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Phenolic Resins Market Revenues & Volume By Wood Adhesives for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Phenolic Resins Market Revenues & Volume By Molding for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Phenolic Resins Market Revenues & Volume By Insulation for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Phenolic Resins Market Revenues & Volume By Laminates for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Phenolic Resins Market Revenues & Volume By Paper Impregnation for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Phenolic Resins Market Revenues & Volume By Coatings for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of North America Phenolic Resins Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of North America Phenolic Resins Market Revenues & Volume By Wood Adhesives for the Period 2017 - 2027
• Historical Data and Forecast of North America Phenolic Resins Market Revenues & Volume By Molding for the Period 2017 - 2027
• Historical Data and Forecast of North America Phenolic Resins Market Revenues & Volume By Insulation for the Period 2017 - 2027
• Historical Data and Forecast of North America Phenolic Resins Market Revenues & Volume By Laminates for the Period 2017 - 2027
• Historical Data and Forecast of North America Phenolic Resins Market Revenues & Volume By Paper Impregnation for the Period 2017 - 2027
• Historical Data and Forecast of North America Phenolic Resins Market Revenues & Volume By Coatings for the Period 2017 - 2027
• Historical Data and Forecast of North America Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Wood Adhesives for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Molding for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Insulation for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Laminates for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Paper Impregnation for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Coatings for the Period 2017 - 2027
• Historical Data and Forecast of Global Phenolic Resins Market Revenues & Volume By Others for the Period 2017 - 2027
• Global Phenolic Resins Market - Key Performance Indicators
• Global Phenolic Resins Market - Import Export Trade Statistics
• Global Phenolic Resins Market - Opportunity Assessment By Countries
• Global Phenolic Resins Market - Opportunity Assessment By Product
• Global Phenolic Resins Market - Opportunity Assessment By Application
• Global Phenolic Resins Market - Top Companies Market Share
• Global Phenolic Resins Market - Top Companies Profiles
• Global Phenolic Resins Market - Comparison of Players in Technical and Operating Parameters
• Global Phenolic Resins Market - Strategic Recommendations

Markets Covered

The market report covers the following segments:

• By Type
  • Novolac
  • Resol
  • Others

• By Application
  • Wood Adhesives
  • Moulding
  • Insulation
  • Laminates
  • Paper Impregnation
  • Coatings
  • Others

• By Regions
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Frequently Asked Questions About the Market Study (FAQs):