The rising demand for composites across a range of end-use industries, including the construction, aerospace, and automotive industries, is another factor driving the market expansion.

The Phenolic Market was valued at USD 2.32 Billion in 2022 and is expected to reach USD 3.54 Billion in 2032 registering a CAGR of 4.8% during the forecast period.

Due to their high chemical and thermal resistance capabilities, Phenolics are increasingly in demand in a variety of applications, including coatings, adhesives, and Composites. The development of the construction industry and the rising need for High-performance Adhesives and coatings in numerous end-use industries, such as automotive, electronics, and aerospace, are other factors contributing to the market growth.

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Major Companies:

  • Hexion Inc.
  • Sumitomo Bakelite Co., Ltd.
  • Huntsman Corporation
  • Kolon Industries, Inc.
  • Fenolit d.d.
  • Arclin, Inc.
  • Aditya Birla Chemicals
  • Allnex Group
  • Atul Ltd.
  • BASF SE

Key questions addressed in the report:

  • What is the expected market size of the global Phenolic market during the forecast period?
  • What CAGR is the global market expected to register during the forecast period?
  • Which key factors are expected to boost global market growth between 2021 and 2028?
  • What are the key restraints that are expected to hamper global market growth?
  • Which regional market is expected to register robust CAGR during the forecast period?
  • Which key players are operating the global Phenolic market?

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Phenolic Market Segmentation:

By Product Type Outlook: 

  • Solid
  • Liquid

By Application Outlook: 

  • Coatings
  • Adhesives
  • Composites
  • Molding Compounds
  • Others

 Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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