Phenolic Resin Market Forecast to Reach USD 7.1 Billion by 2028 as Wood Panels and Resole Demand Strengthen
Market Overview and Growth Outlook
The Phenolic Resin Market reached an estimated USD 6.1 billion in 2022 and is likely to reach USD 7.1 billion by 2028. The Phenolic Resin Market is expected to grow at a CAGR of 3.6% during 2023-2028. The market recovered in 2021 after a decline exceeding 10% in 2020 and continued with healthy growth in 2022.
Phenolic resin is produced from phenol and...
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