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![[English Market Research Report] Market Research Report on Phenolic Resins](https://image.mono.ipros.com/public/product/image/30e/2000742201/IPROS10403041310520864538.png?w=280&h=280)
Phenolic Resin Market
The global market size for phenolic resin was estimated at 14.06341 billion USD in 2021 and is projected to reach 14.83071 billion USD in 2022, growing at a CAGR of 6.21% to reach 20.19335 billion USD by 2027.
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The global market for phenolic resins is expected to grow from 11.49 billion USD in 2021 to 12.44 billion USD in 2022, with a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war has disrupted the potential for global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions against multiple nations, soaring commodity prices, and supply chain disruptions, affecting many markets worldwide. The phenolic resin market is projected to grow to 15.67 billion USD by 2026, with a CAGR of 5.9%.
