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Phenolic Resins Global Market Report 2022: Ukraine-Russia War Impact

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    Report

  • 175 Pages
  • December 2022
  • Region: Global
  • The Business Research Company
  • ID: 5709782
Major players in the phenolic resins market are Dainippon Ink and Chemicals Corporation, Hexion LLC, Chang Chun Plastics Co. Ltd., Mitsui Chemicals Inc., Hitachi Chemical Co. Ltd., Prefere Resins Holding GmbH, Kolon Industries Inc., SI Group, Sumitomo Bakelite Co. Ltd, BASF SE, Arizona Chemical Company LLC, Kangnam Chemical Co. Ltd., and Seiko PMC Corporation.

The global phenolic resins market is expected to grow from $11.49 billion in 2021 to $12.44 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The phenolic resins market is expected to grow to $15.67 billion in 2026 at a CAGR of 5.9%.

The phenolic resins market consists of sales of modified resin, solid resoles and liquid resoles. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Phenolic resins are resins made from the polymerization of phenol and formaldehyde. The resins are known for high chemical, water, and temperature stability. Therefore, they are used in many commercial applications such as electronic circuits, automotive tires, and other automotive parts. Phenolic resins are not re-mouldable but are recyclable.

North America was the largest region in the phenolic resins market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phenolic resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The main types of phenolic resins are resol, novolac, and others. The resol is used in a variety of high-temperature and chemical concentration applications such as adhesives, abrasives, coatings, tires, foams, etc. The resol resin is made when a basic (alkaline) catalyst is used to make phenolic resin. It is high-temperature, water, and chemical-resistant. The different applications include wood adhesives, molding, insulation, laminates, paper impregnation, coatings, refractory materials, friction materials, rubber, and tire, refractory materials, and others that are used by building and construction, furniture, automotive, electrical and electronics, and other end users

The growing need for lightweight, eco-friendly synthetic structures in the automotive industry is driving the phenolic resin market going forward. The automotive industry is concerned with designing, manufacturing, distributing, and sales of automobiles. Automotive manufacturers are constantly using lightweight materials to improve fuel efficiency. Phenolic resins are used in the manufacturing of lightweight tires, brake pedals, and other under-the-hood automotive parts. For instance, according to the US Office of Energy Efficiency and Renewable Energy, a government organization working to build a clean energy economy for America, a 10% reduction in the weight of an automobile can increase fuel efficiency by 6%-8%, and the use of lightweight materials in one-quarter of the U.S. fleet could save about 5 billion gallons of fuel annually by 2030. Therefore, the growth of lightweight materials in the automotive industry is propelling the phenolic resin market.

Technological advancements are a key trend gaining popularity in the phenolic resin market. Major companies operating in the phenolic resin market are focused on developing new technological solutions to strengthen their position in the market. For instance, in September 2020, Allnex, a Germany-based producer of industrial coating resins and additives for various industries, launched PHENODUR PR 616/65B, a new, eco-friendly phenolic resin for interior and exterior coatings. The resins are made using technology that contains neither Bisphenol-A nor Bisphenol-F and a very low free monomer content and the level of free formaldehyde thus making the resin eco-friendly.

In May 2022, Bakelite Synthetics, a US-based producer of thermoset specialty resins, solutions, and compounds, acquired Georgia-Pacific’s Chemicals for an undisclosed amount. The acquisition would allow Bakelite to deliver greater value to its customers by broadening its product portfolio and expanding its geographic reach. Georgia-Pacific Chemicals is a US-based company that manufactures formaldehyde-based phenolic resins.

The countries covered in the phenolic resins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The phenolic resins market research report is one of a series of new reports that provides phenolic resins market statistics, including phenolic resins industry global market size, regional shares, competitors with a phenolic resins market share, detailed phenolic resins market segments, market trends and opportunities, and any further data you may need to thrive in the phenolic resins industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.




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Frequently Asked Questions about the Global Phenolic Resins Market

What is the estimated value of the Global Phenolic Resins Market?

The Global Phenolic Resins Market was estimated to be valued at $12.44 billion in 2022.

What is the growth rate of the Global Phenolic Resins Market?

The growth rate of the Global Phenolic Resins Market is 5.9%, with an estimated value of $15.67 billion by 2026.

What is the forecasted size of the Global Phenolic Resins Market?

The Global Phenolic Resins Market is estimated to be worth $15.67 billion by 2026.

Who are the key companies in the Global Phenolic Resins Market?

Key companies in the Global Phenolic Resins Market include Dainippon Ink and Chemicals Corporation, Hexion LLC, Chang Chun Plastics Co. Ltd., Mitsui Chemicals Inc., Hitachi Chemical Co. Ltd., Prefere Resins Holding GmbH, Kolon Industries Inc., SI Group and BASF SE.

Table of Contents

1. Executive Summary2. Phenolic Resins Market Characteristics3. Phenolic Resins Market Trends And Strategies
4. Phenolic Resins Market - Macro Economic Scenario
4.1. COVID-19 Impact On Phenolic Resins Market
4.2. Ukraine-Russia War Impact On Phenolic Resins Market
4.3. Impact Of High Inflation On Phenolic Resins Market
5. Phenolic Resins Market Size And Growth
5.1. Global Phenolic Resins Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Phenolic Resins Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Phenolic Resins Market Segmentation
6.1. Global Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Resol
  • Novolac
  • Others Types
6.2. Global Phenolic Resins Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Wood Adhesives
  • Molding
  • Insulation
  • Laminates
  • Paper Impregnation
  • Friction Materials
  • Refractory Materials
  • Other Applications
6.3. Global Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Building and Construction
  • Furniture
  • Automotive
  • Electrical and Electronics
  • Other End Users
7. Phenolic Resins Market Regional And Country Analysis
7.1. Global Phenolic Resins Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Phenolic Resins Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Phenolic Resins Market
8.1. Asia-Pacific Phenolic Resins Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Phenolic Resins Market
9.1. China Phenolic Resins Market Overview
9.2. China Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Phenolic Resins Market
10.1. India Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Phenolic Resins Market
11.1. Japan Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Phenolic Resins Market
12.1. Australia Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Phenolic Resins Market
13.1. Indonesia Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Phenolic Resins Market
14.1. South Korea Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Phenolic Resins Market
15.1. Western Europe Phenolic Resins Market Overview
15.2. Western Europe Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Phenolic Resins Market
16.1. UK Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Phenolic Resins Market
17.1. Germany Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Phenolic Resins Market
18.1. France Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Phenolic Resins Market
19.1. Eastern Europe Phenolic Resins Market Overview
19.2. Eastern Europe Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Phenolic Resins Market
20.1. Russia Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Phenolic Resins Market
21.1. North America Phenolic Resins Market Overview
21.2. North America Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Phenolic Resins Market
22.1. USA Phenolic Resins Market Overview
22.2. USA Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Phenolic Resins Market
23.1. South America Phenolic Resins Market Overview
23.2. South America Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Phenolic Resins Market
24.1. Brazil Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Phenolic Resins Market
25.1. Middle East Phenolic Resins Market Overview
25.2. Middle East Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Phenolic Resins Market
26.1. Africa Phenolic Resins Market Overview
26.2. Africa Phenolic Resins Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Phenolic Resins Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Phenolic Resins Market Competitive Landscape And Company Profiles
27.1. Phenolic Resins Market Competitive Landscape
27.2. Phenolic Resins Market Company Profiles
27.2.1. Dainippon Ink and Chemicals Corporation
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Hexion LLC
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Chang Chun Plastics Co. Ltd.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Mitsui Chemicals Inc.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Hitachi Chemical Co. Ltd.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Phenolic Resins Market29. Phenolic Resins Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer

Executive Summary

Phenolic Resins Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global phenolic resins market.

This report focuses on phenolic resins market which is experiencing strong growth. The report gives a guide to the phenolic resins market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the phenolic resins? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Phenolic Resins market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider phenolic resins market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but
  • declining impact of covid 19 on supply chains and consumption patterns.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The phenolic resins market section of the report gives context. It compares the phenolic resins market with other segments of the phenolic resins market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, phenolic resins indicators comparison.

Scope

Markets Covered:

1) By Type: Resol; Novolac; Others Types
2) By Application: Wood Adhesives; Molding; Insulation; Laminates; Paper Impregnation; Friction Materials; Refractory Materials; Other Applications
3) By End-User: Building and Construction; Furniture; Automotive; Electrical and Electronics; Other End Users

Companies Mentioned: Dainippon Ink and Chemicals Corporation; Hexion LLC; Chang Chun Plastics Co. Ltd.; Mitsui Chemicals Inc.; Hitachi Chemical Co. Ltd. LLC

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Dainippon Ink and Chemicals Corporation
  • Hexion LLC
  • Chang Chun Plastics Co. Ltd.
  • Mitsui Chemicals Inc.
  • Hitachi Chemical Co. Ltd.
  • Prefere Resins Holding GmbH
  • Kolon Industries Inc.
  • SI Group
  • Sumitomo Bakelite Co. Ltd
  • BASF SE
  • Arizona Chemical Company LLC
  • Kangnam Chemical Co. Ltd.
  • Seiko PMC Corporation.

Methodology

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