Global Phenolic Resin For Friction Materials
Market Report
2025
Phenolic resin for friction materials market was valued at USD 1030.1 million in 2022 and is projected to reach USD 1521.9 million by 2030, registering a CAGR of 5.0% for the forecast period 2023- 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The global phenolic resin for friction materials market was valued at USD 1030.1 million in 2022 and is projected to reach USD 1521.9 million by 2030, registering a CAGR of 5.0% for the forecast period 2023- 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Phenolic Resin For Friction Materials Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 5% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by End-user |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Phenolic Resin For Friction Materials Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Phenolic resins are the primary binder used in the manufacture of modern friction materials such as disk pads, brake linings, and clutch facings. For the friction sector, phenolic resins are offered as liquids or as powders mixed with a cross-linking agent. Other polymeric or chemical modifiers can be added to phenolic resins to improve their qualities. However, non-modified phenolic resins are widely used in friction materials because of their excellent balance of low cost and high performance. The effectiveness of the resin binder and its compatibility with the numerous, primarily inorganic components that make up a frequently complex composite formulation play a role in a friction material's performance.
Phenolic resins are widely utilized as the primary binders for the production of brake linings, including clutch linings, drum brake linings, and disc brake linings. These materials are employed mostly in the automobile industry, but they are also used to make brake components for rail cars, airplanes, and other industrial uses. Friction materials are made using a variety of methods and formulas. Their performance is influenced by a variety of factors, including the production process, the quality and composition of additional materials, and the resin that is employed. Due to their exceptional heat resistance, compatibility, and adaptability with other thermosetting materials or elastomers used in brake compositions, phenolic resins are the most frequently utilized option.
The production of phenolic resins includes condensation polymerization of phenol and or substituted phenols with aldehydes such as formaldehyde, acetaldehyde, and furfural. Phenol is a corrosive chemical that, if inhaled, swallowed, or absorbed, can poison the human body. Because of this, formaldehyde and phenol use are strictly controlled, particularly in North America and Europe. Under the Toxic Substances Control Act (TSCA), the Environmental Protection Agency (EPA) monitors the use of formaldehyde in resin manufacturing to lower emissions of hazardous air pollutants (HAPs) from both new and existing facilities that produce amino or phenolic resins.
The COVID-19 pandemic impacted negatively the Global Phenolic Resin for Friction Materials Market. The COVID-19 outbreak has made the automobile and other industries face a number of difficulties. The pandemic-induced lockdown caused original equipment manufacturers (OEM) to halt manufacturing. Additionally, it resulted in the complete value chain of important sectors being disrupted, which had a detrimental impact on resin production and demand for friction materials.
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July 2022
DIC Acquired Chinese Coating Resins Manufacturer Guangdong TOD New Materials Co., Ltd.
DIC Corporation announced that its wholly owned subsidiary DIC (China) Co., Ltd., (hereafter, DIC) wholly acquired Chinese coating resins manufacturer Guangdong TOD New Materials Co., Ltd. (also known as, Guandong Frontier New Materials Co., Ltd.) headquartered in Guangdong Province, China (hereafter, TODNM). The price of the acquisition is undisclosed.
July 2020
allnex Launched New Eco-Friendly Phenolic Resin for Interior/Exterior Can Coatings
allnex, the leading supplier of specialty chemicals, offering a broad range of coating resins, additives, and crosslinkers for use on wood, metal, plastic, and other surfaces, is excited to announce the launch of PHENODUR PR 787/50MP, a new, eco-friendly phenolic resin recommended for interior and exterior can coatings.
Top Companies Market Share in Phenolic Resin For Friction Materials Industry: (In no particular order of Rank)
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Asia Pacific region dominated the phenolic resin For Friction Materials market in 2022 and accounted for about 31.23% market share. This growth is attributed to the growing automotive industry and its infrastructure in emerging economies such as India, China, Japan, and others, increasing expenditure on the construction and development of cities, and others.
For instance, the India Brand Equity Foundation reports that as of July 15, 2022, oil firms operating under the Ministry of Petroleum and Natural Gas (MoPNG) have erected a total of 532 EV charging stations as part of the FAME India Scheme I & II. Additionally, 1,557,238 passenger vehicles, three-wheelers, two-wheelers, and quadricycles were produced in total as of December 2022.
The current report Scope analyzes Phenolic Resin For Friction Materials Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Phenolic Resin For Friction Materials Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Phenolic Resin For Friction Materials Industry growth. Phenolic Resin For Friction Materials market has been segmented with the help of its Type, End-user , and others. Phenolic Resin For Friction Materials market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
With a market share of roughly 54.82%, the liquid phenolic resin segment is the one that contributes the most to the phenolic resin for friction material market. The liquid form of phenolic resins is commonly offered. They are frequently utilized in situations where it is necessary for the resin to be conveniently pourable or when coating or impregnation processes are required. Compared to powdered resins, liquid resins are typically simpler to handle and combine. They mix easily with other chemicals and solvents and can be easily poured, metered, and blended.
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The automotive segment is dominating the global phenolic resin for friction material market and is estimated to grow with the highest CAGR during the forecast period. This growth of the automotive segment is attributed to the growing demand & production of automotive products, and increasing investments for automotive infrastructure in developing economies like India, China, Japan, and others. In addition, emerging advanced technologies in the automotive industry are also accelerating the growth of the phenolic resin for friction material market.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Phenolic Resin For Friction Materials Market is witnessing significant growth in the near future.
In 2023, the Liquid segment accounted for noticeable share of global Phenolic Resin For Friction Materials Market and is projected to experience significant growth in the near future.
The Automotive segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Sumitomo Bakelite , Mitsui Chemicals and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Liquid, Powder |
End-user | Automotive, Railway, Aeronautics, Others |
List of Competitors | Sumitomo Bakelite, Hexion, Mitsui Chemicals, DIC Corporation, Shengquan Group, KANGNAM CHEMICAL, Shandong Laiwu Runda New Material, Kuentek Cashew, Sprea Misr, Zhejiang Hangzhou Friction Composites, and others |
This chapter will help you gain GLOBAL Market Analysis of Phenolic Resin For Friction Materials. Further deep in this chapter, you will be able to review Global Phenolic Resin For Friction Materials Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Phenolic Resin For Friction Materials. Further deep in this chapter, you will be able to review North America Phenolic Resin For Friction Materials Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Phenolic Resin For Friction Materials. Further deep in this chapter, you will be able to review Europe Phenolic Resin For Friction Materials Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Phenolic Resin For Friction Materials. Further deep in this chapter, you will be able to review Asia Pacific Phenolic Resin For Friction Materials Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Phenolic Resin For Friction Materials. Further deep in this chapter, you will be able to review South America Phenolic Resin For Friction Materials Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Phenolic Resin For Friction Materials. Further deep in this chapter, you will be able to review Middle East Phenolic Resin For Friction Materials Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Phenolic Resin For Friction Materials. Further deep in this chapter, you will be able to review Middle East Phenolic Resin For Friction Materials Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Phenolic Resin For Friction Materials. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End-user Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Phenolic Resin For Friction Materials market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Liquid have a significant impact on Phenolic Resin For Friction Materials market? |
What are the key factors affecting the Liquid and Powder of Phenolic Resin For Friction Materials Market? |
What is the CAGR/Growth Rate of Automotive during the forecast period? |
By type, which segment accounted for largest share of the global Phenolic Resin For Friction Materials Market? |
Which region is expected to dominate the global Phenolic Resin For Friction Materials Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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