Phenolic Resins Market Share, Size, Trends, Industry Analysis Report, By Product [Novolac, Resols (Solid, Liquid)]; By Application; By End-Use; By Region; Segments Forecast, 2022 - 2030

Phenolic Resins Market Share, Size, Trends, Industry Analysis Report, By Product [Novolac, Resols (Solid, Liquid)]; By Application; By End-Use; By Region; Segments Forecast, 2022 - 2030

The global phenolic resins market size is expected to reach USD 22.41 billion by 2030 according to a new study by Polaris Market Research. The report “Phenolic Resins Market Share, Size, Trends, Industry Analysis Report, By Product [Novolac, Resols (Solid, Liquid)]; By Application; By End-Use; By Region; Segments Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Phenolic resins are among the most widely used thermoplastics resins, with applications ranging from wood sealants to fibers wool binding material, moldable components for automotive companies, including abrasives, brakes, foam, protective coating, polyimide, nanocomposite, metal plaster molds, and elastomeric sector.

These phenolic resin sector categories are vital to the economic systems and overall well-being of both developing and established countries. Increasing demand in end-use sectors is expected to increase the demand for a phenolic resin over the forecast period.