Phenol Formaldehyde Adhesives and Laminates Market - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  • Published On : Oct 2019 |
  • Pages : N/A |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

The global phenol formaldehyde adhesives and laminates market size is expected to witness potential gains in the future and register a significant CAGR of 5.1% over the forecast period (2019 - 2027).

Market Overview

Phenol formaldehyde resins are synthetic polymers used to manufacture high-pressure laminates and adhesives. They are also used to manufacture plastics, molding compounds, and abrasives. Reaction of phenol and formaldehyde in the presence of an alkaline catalyst such as sodium hydroxide produces phenol formaldehyde. Phenol-formaldehyde resins are synthetic commercially available plastic resins. Paper base phenolic resin laminates are brittle due to high hardness and inexpensive and widely used in numerous applications such as wooden chipboard, construction, electrical equipment, and decorative articles.

Market Dynamics

Increasing demand for phenol formaldehyde adhesives and laminates from end-use industries such as buildings & construction, automotive, and electronics is expected to boost growth of the global phenol formaldehyde adhesives and laminates market over the forecast period. Phenol formaldehyde laminates are used in manufacturing electrical components such as punch-through boards.

Phenol formaldehyde adhesives are used in wooden chipboard for exterior wall appellations as they offer moisture resistance. In the construction industry, phenol formaldehyde resins are used as wood adhesives and glues for construction grade wood panels. Phenol formaldehyde adhesives offer high moisture resistance and superior water resistance. Phenol formaldehyde reacts with natural phenol-like lignin found in wood to enhance glue to wood bond and sets hard and rigid. Therefore, demand for phenol formaldehyde adhesives from the construction industry is also expected to boost the market growth over the forecast period.  

However, presence of cheaper alternatives is expected to hinder the market growth. Urea formaldehyde glue is cheaper compared to phenol formaldehyde adhesives. Moreover, phenol in phenolic adhesive formulations can be replaced with lignin.

Market Outlook

On the basis of region, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The market in Asia Pacific is expected to hold dominant position over the forecast period. This is attributed to growing building and construction industry in the economies of India and China. The market is also expected to witness the fastest growth over the forecast period, owing to increasing demand for phenol formaldehyde adhesives and laminates in this region. The market in North America is primarily driven by high demand of phenol formaldehyde adhesives and laminates from the construction and wooden chipboard market. The market in Europe is expected to account for significant market share, owing to high demand for phenol formaldehyde adhesives and laminates from Germany followed by Italy, Spain, Sweden, and the U.K.

Key Players

Key players operating in the global phenol formaldehyde adhesives and laminates market include, Sumitomo Bakelite, BASF SE, Georgia Pacific, Mitsui Chemicals, and Kolon Industries Ltd.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
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In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

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Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

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Coherent Statistical model

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Data Validation

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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
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  • System Integrators
  • Distributors
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