The future of the South East Asian phenolic resin market looks promising with growth opportunities in various end use industries, including construction, transportation, electrical and electronics, furniture, industrial, and others. The South East Asian phenolic resin market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 4% to 6% from 2020 to 2025. The major drivers of growth for this market are increasing use of heat resistance, corrosion and chemical resistance materials in construction and transportation industry.

Emerging trends, which have a direct impact on the dynamics of the South East Asian phenolic resin industry, include the use of bio based phenolic resin and rosin modified phenolic resin.

A total of 82 figures / charts and 25 tables are provided in this 150 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this Southeast Asian phenolic resin market report download the report brochure.

Phenolic resin opportunities have evolved through number of stages as presented in figure below:

Evolution of Southeast Asian Phenolic Resin Opportunities

In this market, wood adhesive is the largest by end use industry, whereas resol phenolic resin is largest in resin type. Growth in various segments of the Southeast Asian phenolic resin market are given below:

Southeast Asian Phenolic Resin Market by Segments

The study includes the South East Asian phenolic resin market size and forecast for South East Asian phenolic resin market through 2025, segmented by application, type, end use industry, region, and country as follows:

South East Asian Phenolic Resin Market by application (Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025):

  • Wood Adhesive
  • Molding Compounds
  • Laminates
  • Insulation
  • Coating
  • Paper Impregnation
  • Others


South East Asian Phenolic Resin Market by type (Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025):

  • Resol Phenolic Resin
  • Novolac Phenolic Resin


South East Asian Phenolic Resin Market by end use industry (Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025):

  • Construction
  • Transportation
  • Electrical and Electronics
  • Furniture
  • Industrial
  • Others


South East Asian Phenolic Resin Market by region (Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025):

  • Thailand
  • Singapore
  • Malaysia
  • Indonesia
  • Philippines
  • Vietnam
  • Others


Some of the South East Asian phenolic resin companies profiled in this report include Sumitomo, Thai GCI Resitop, AICA KOGYO, Asta Chem, Malayan Adhesives and Chemicals, Formica Chemicals, ITOCHU Group, Pt Intanwijaya Internasional Tbk, Al Asia and others.

On the basis of its comprehensive research, Lucintel forecasts that the wood Adhesive segment is expected to remain the largest segment by value and volume. The use of phenolic resin is growing in wood adhesive applications where heat, pressure, water resistance, and other performance benefits are critical.

Within this market, resole phenolic resin and novolac phenolic resin are the major type. On the basis of comprehensive research, Lucintel forecasts that the resole phenolic resin segment is expected to remain the largest segment by value and volume. Increasing demand of resole phenolic resin is because novolac is not self-curing; it requires an extra curing agent, whereas resole is selfcurable without an additional catalyst.

Thailand is expected to remain the largest region by value and volume; Thailand is also expected to experience the highest growth over the forecast period due to growth in end use industries such as residential and commercial activities, increasing automotive production, and growing electrical and electronics demand.

Some of the features of this report:
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  • Market size estimates: Southeast Asian phenolic resin market size estimation in terms of value ($M) and volume (M Lbs.) shipment.
  • Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by application, and end use industry.
  • Segmentation analysis: Southeast Asian phenolic resin market size by various applications such as application, material type, and denier type in terms of value and volume shipment.
  • Regional analysis: Southeast Asian phenolic resin breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions of phenolic resin in the Southeast Asian phenolic resin market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of phenolic resin in the Southeast Asian phenolic resin market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.


This report answers the following 11 key questions:
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Q.1 What are some of the most promising, high-growth in South East Asian phenolic resin market by application (wood adhesive, molding compounds, laminates, insulation, coating, paper impregnation, and others), by type (resol phenolic resin and novolac phenolic resin), by end use industry (construction, transportation, electrical and electronics, furniture, and others) and country (Thailand, Singapore, Malaysia, Indonesia, Philippines, Vietnam and Others )?
Q.2 Which product segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges in the South East Asian phenolic resin market?
Q.5 What are the business risks and competitive threats in this South East Asian phenolic resin market?
Q.6 What are emerging trends in this South East Asian phenolic resin market and reasons behind them?
Q.7 What are some changing demands of customers in the South East Asian phenolic resin market?
Q.8 What are the new developments in the South East Asian phenolic resin market and which companies are leading these developments?
Q.9 Who are the major players in this South East Asian phenolic resin market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products in this South East Asian phenolic resin area and how great a threat do they pose for loss of market share through product substitution?
Q.11 What M&A activities have transpired in the last 5 years in this South East Asian phenolic resin market and what impact have these had on the industry?


Report scope

Key Features Description
Base Year for Estimation 2019
Trend Period
(Actual Estimates) 2014-2019
Forecast Period 2020-2025
Pages 150
Market Representation / Units Revenue in US $ Billion and Volume in M Ibs
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling
Market Segments By application (wood adhesive, molding compounds, laminates, insulation, coating, paper impregnation, and others), by type (resol phenolic resin and novolac phenolic resin), by end use industry (construction, transportation, electrical and electronics, furniture, and others) and country (Thailand, Singapore, Malaysia, Indonesia, Philippines, Vietnam and Others)
Customization 10% Customization Without any Additional Cost