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Phenolic Resin for Friction Materials Global Market

Phenolic Resin for Friction Materials Global Market

Global Phenolic Resin for Friction Materials Market Industry Research Report 2026

Explore detailed insights, trends, growth drivers, key players, and forecasts for the Global Phenolic Resin for Friction Materials Market Industry Research Report 2026 market worldwide.

Pages: 225

Format: PDF

Date: 01-2026

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Global Phenolic Resin for Friction Materials Market Report 2026–2036

Market Forecast

Chem Reports predicts that the Phenolic Resin for Friction Materials market was valued at USD xxxx in 2025 and is expected to reach USD xxxx by 2036, growing at a CAGR of xx% globally during the forecast period 2026–2036.

Market Overview

The Global Phenolic Resin for Friction Materials Market Report 2026 provides an extensive industry analysis of development components, patterns, flows, and market sizes. It evaluates present and past market values to forecast potential market performance between 2026–2036.

This study integrates both primary and secondary data sources, examining government policies, market environment, competitive landscape, historical data, current trends, technological innovation, upcoming technologies, and technical progress in related industries.

Impact of COVID-19

The COVID-19 outbreak in December 2019, declared a global public health emergency by the World Health Organization, significantly disrupted the Phenolic Resin for Friction Materials market in 2020. Supply chain interruptions, reduced industrial activity, and delayed projects impacted demand, though recovery trends emerged as industries adapted to new operating conditions.

Market Segmentation

By Type

  • Liquid Type (Phenolic Resol Resins)
  • Powder Type (Phenolic Novolac Resins)

By Application

  • Automotive
  • Railway
  • Aeronautics
  • Industrial

Regional Analysis

  • North America (U.S., Canada, Mexico): Strong demand in automotive and industrial friction materials; regulatory oversight on emissions and safety.
  • Europe (Germany, U.K., France, Italy, Russia, Spain): Mature market with emphasis on railway and aeronautics; strict environmental regulations drive innovation.
  • Asia-Pacific (China, India, Japan, Southeast Asia): Largest and fastest-growing region, supported by automotive expansion, industrial growth, and railway modernization.
  • South America (Brazil, Argentina): Emerging adoption in automotive and industrial applications, supported by infrastructure development.
  • Middle East & Africa (Saudi Arabia, South Africa): Gradual growth with increasing investments in industrial and transportation sectors.

Key Players

  • Sumitomo Bakelite
  • Hexion
  • DIC Corporation
  • Shengquan Group
  • KANGNAM CHEMICAL
  • Shandong Laiwu Runda New Material
  • Kuentek Cashew
  • Sprea Misr
  • Zhejiang Hangzhou Friction Composites
  • Mitsui Chemicals

These companies compete through production capacity, technological innovation, and distribution networks. Multinational firms dominate high-value applications, while regional players serve cost-sensitive industrial and transportation markets.

Global Phenolic Resin for Friction Materials Market Intelligence Brief (2026–2036)

Short Description / Definition

Phenolic resins are synthetic polymers derived from phenol and formaldehyde. In friction materials (brake pads, clutches, rail brake blocks, and industrial friction components), they act as binders, providing thermal stability, mechanical strength, and wear resistance. They are critical for safety, performance, and durability in automotive, railway, aeronautics, and industrial applications.

Regional Analysis

  • North America (U.S., Canada, Mexico): Strong demand in automotive and industrial friction materials; regulatory oversight on emissions and safety standards.
  • Europe (Germany, U.K., France, Italy, Russia, Spain): Mature market with emphasis on railway and aeronautics; strict environmental regulations drive innovation in low-emission resins.
  • Asia-Pacific (China, India, Japan, Southeast Asia): Largest and fastest-growing region, supported by automotive expansion, industrial growth, and railway modernization.
  • South America (Brazil, Argentina): Emerging adoption in automotive and industrial applications, supported by infrastructure development.
  • Middle East & Africa (Saudi Arabia, South Africa): Gradual growth with increasing investments in industrial and transportation sectors.

Segmentation Analysis

By Type:

  • Liquid Type (Phenolic Resol Resins)
  • Powder Type (Phenolic Novolac Resins)

By Application:

  • Automotive
  • Railway
  • Aeronautics
  • Industrial

Key Players Analysis

  • Global Leaders: Sumitomo Bakelite, Hexion, DIC Corporation, Mitsui Chemicals.
  • Regional Specialists: Shengquan Group, KANGNAM CHEMICAL, Shandong Laiwu Runda New Material, Kuentek Cashew, Sprea Misr, Zhejiang Hangzhou Friction Composites.

Competitive landscape shows multinationals leading in innovation and specialty formulations, while regional producers dominate cost-sensitive automotive and industrial segments.

Porter’s Five Forces

  • Threat of New Entrants: Low; production requires specialized technology and capital-intensive infrastructure.
  • Bargaining Power of Suppliers: Moderate; raw material volatility (phenol, formaldehyde) impacts costs.
  • Bargaining Power of Buyers: High; automotive and railway OEMs demand cost-effective, high-performance resins.
  • Threat of Substitutes: Moderate; alternative binders (epoxy, melamine resins) compete in niche applications.
  • Industry Rivalry: High; strong competition among global leaders and regional producers.

SWOT Analysis

Strengths:

  • Critical binder for friction materials
  • High thermal stability and mechanical strength

Weaknesses:

  • Dependence on automotive and transportation cycles
  • Environmental concerns linked to phenol/formaldehyde chemistry

Opportunities:

  • Growth in automotive and railway modernization
  • Innovation in eco-friendly and low-emission resins
  • Expansion in Asia-Pacific and South America

Threats:

  • Regulatory restrictions on formaldehyde emissions
  • Competition from alternative resin systems
  • Price volatility in raw materials

Trend Analysis

  • Rising demand in automotive friction materials for safety and performance.
  • Expansion in railway and aeronautics for high-performance braking systems.
  • Growing use in industrial friction applications.
  • Increasing focus on eco-friendly and sustainable resin formulations.

Drivers & Challenges

Drivers:

  • Expansion of automotive and railway industries
  • Rising demand for high-performance friction materials
  • Technological advancements in resin chemistry

Challenges:

  • Regulatory scrutiny on emissions and sustainability
  • Dependence on cyclical transportation demand
  • Competition from alternative resin systems

Value Chain Analysis

  • Upstream: Raw material sourcing (phenol, formaldehyde).
  • Midstream: Production of liquid and powder phenolic resins.
  • Downstream: Applications in automotive, railway, aeronautics, and industrial friction materials.
  • Support Activities: R&D, regulatory compliance, marketing, and distribution.

Quick Recommendations for Stakeholders

  • Manufacturers: Invest in eco-friendly and low-emission resin formulations.
  • Investors: Focus on Asia-Pacific where automotive and railway demand is strongest.
  • Policy Makers: Encourage sustainable resin production and innovation in low-emission technologies.
  • End-users (automotive, railway, aeronautics, industrial): Secure long-term supply contracts with reliable producers.
  • New Entrants: Target niche applications in aeronautics and industrial friction materials where phenolic resins’ properties are irreplaceable.

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1. Market Overview of Phenolic Resin for Friction Materials
    1.1 Phenolic Resin for Friction Materials Market Overview
        1.1.1 Phenolic Resin for Friction Materials Product Scope
        1.1.2 Market Status and Outlook
    1.2 Phenolic Resin for Friction Materials Market Size by Regions:
    1.3 Phenolic Resin for Friction Materials Historic Market Size by Regions
    1.4 Phenolic Resin for Friction Materials Forecasted Market Size by Regions
    1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
        1.5.1 North America
        1.5.2 East Asia
        1.5.3 Europe
        1.5.4 South Asia
        1.5.5 Southeast Asia
        1.5.6 Middle East
        1.5.7 Africa
        1.5.8 Oceania
        1.5.9 South America
        1.5.10 Rest of the World
    1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
        1.6.1 Covid-19 Impact: Global GDP Growth, 2019, 2020 and 2025 Projections
        1.6.2 Covid-19 Impact: Commodity Prices Indices
        1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Phenolic Resin for Friction Materials Sales Market by Type
    2.1 Global Phenolic Resin for Friction Materials Historic Market Size by Type
    2.2 Global Phenolic Resin for Friction Materials Forecasted Market Size by Type
    2.3 Liquid Type (Phenolic Resol Resins)
    2.4 Powder Type (Phenolic Novolac Resins)
3. Covid-19 Impact Phenolic Resin for Friction Materials Sales Market by Application
    3.1 Global Phenolic Resin for Friction Materials Historic Market Size by Application
    3.2 Global Phenolic Resin for Friction Materials Forecasted Market Size by Application
    3.3 Automotive
    3.4 Railway
    3.5 Aeronautics
    3.6 Industrial
4. Covid-19 Impact Market Competition by Manufacturers
    4.1 Global Phenolic Resin for Friction Materials Production Capacity Market Share by Manufacturers
    4.2 Global Phenolic Resin for Friction Materials Revenue Market Share by Manufacturers
    4.3 Global Phenolic Resin for Friction Materials Average Price by Manufacturers
5. Company Profiles and Key Figures in Phenolic Resin for Friction Materials Business
    5.1 Sumitomo Bakelite
        5.1.1 Sumitomo Bakelite Company Profile
        5.1.2 Sumitomo Bakelite Phenolic Resin for Friction Materials Product Specification
        5.1.3 Sumitomo Bakelite Phenolic Resin for Friction Materials Production Capacity, Revenue, Price and Gross Margin
    5.2 Hexion
        5.2.1 Hexion Company Profile
        5.2.2 Hexion Phenolic Resin for Friction Materials Product Specification
        5.2.3 Hexion Phenolic Resin for Friction Materials Production Capacity, Revenue, Price and Gross Margin
    5.3 DIC Corporation
        5.3.1 DIC Corporation Company Profile
        5.3.2 DIC Corporation Phenolic Resin for Friction Materials Product Specification
        5.3.3 DIC Corporation Phenolic Resin for Friction Materials Production Capacity, Revenue, Price and Gross Margin
    5.4 Shengquan Group
        5.4.1 Shengquan Group Company Profile
        5.4.2 Shengquan Group Phenolic Resin for Friction Materials Product Specification
        5.4.3 Shengquan Group Phenolic Resin for Friction Materials Production Capacity, Revenue, Price and Gross Margin
    5.5 KANGNAM CHEMICAL
        5.5.1 KANGNAM CHEMICAL Company Profile
        5.5.2 KANGNAM CHEMICAL Phenolic Resin for Friction Materials Product Specification
        5.5.3 KANGNAM CHEMICAL Phenolic Resin for Friction Materials Production Capacity, Revenue, Price and Gross Margin
    5.6 Shandong Laiwu Runda New Material
        5.6.1 Shandong Laiwu Runda New Material Company Profile
        5.6.2 Shandong Laiwu Runda New Material Phenolic Resin for Friction Materials Product Specification
        5.6.3 Shandong Laiwu Runda New Material Phenolic Resin for Friction Materials Production Capacity, Revenue, Price and Gross Margin
    5.7 Kuentek Cashew
        5.7.1 Kuentek Cashew Company Profile
        5.7.2 Kuentek Cashew Phenolic Resin for Friction Materials Product Specification
        5.7.3 Kuentek Cashew Phenolic Resin for Friction Materials Production Capacity, Revenue, Price and Gross Margin
    5.8 Sprea Misr
        5.8.1 Sprea Misr Company Profile
        5.8.2 Sprea Misr Phenolic Resin for Friction Materials Product Specification
        5.8.3 Sprea Misr Phenolic Resin for Friction Materials Production Capacity, Revenue, Price and Gross Margin
    5.9 Zhejiang Hangzhou Friction Composites
        5.9.1 Zhejiang Hangzhou Friction Composites Company Profile
        5.9.2 Zhejiang Hangzhou Friction Composites Phenolic Resin for Friction Materials Product Specification
        5.9.3 Zhejiang Hangzhou Friction Composites Phenolic Resin for Friction Materials Production Capacity, Revenue, Price and Gross Margin
    5.10 Mitsui Chemicals
        5.10.1 Mitsui Chemicals Company Profile
        5.10.2 Mitsui Chemicals Phenolic Resin for Friction Materials Product Specification
        5.10.3 Mitsui Chemicals Phenolic Resin for Friction Materials Production Capacity, Revenue, Price and Gross Margin
6. North America
    6.1 North America Phenolic Resin for Friction Materials Market Size
    6.2 North America Phenolic Resin for Friction Materials Key Players in North America
    6.3 North America Phenolic Resin for Friction Materials Market Size by Type
    6.4 North America Phenolic Resin for Friction Materials Market Size by Application
7. East Asia
    7.1 East Asia Phenolic Resin for Friction Materials Market Size
    7.2 East Asia Phenolic Resin for Friction Materials Key Players in North America
    7.3 East Asia Phenolic Resin for Friction Materials Market Size by Type
    7.4 East Asia Phenolic Resin for Friction Materials Market Size by Application
8. Europe
    8.1 Europe Phenolic Resin for Friction Materials Market Size
    8.2 Europe Phenolic Resin for Friction Materials Key Players in North America
    8.3 Europe Phenolic Resin for Friction Materials Market Size by Type
    8.4 Europe Phenolic Resin for Friction Materials Market Size by Application
9. South Asia
    9.1 South Asia Phenolic Resin for Friction Materials Market Size
    9.2 South Asia Phenolic Resin for Friction Materials Key Players in North America
    9.3 South Asia Phenolic Resin for Friction Materials Market Size by Type
    9.4 South Asia Phenolic Resin for Friction Materials Market Size by Application
10. Southeast Asia
    10.1 Southeast Asia Phenolic Resin for Friction Materials Market Size
    10.2 Southeast Asia Phenolic Resin for Friction Materials Key Players in North America
    10.3 Southeast Asia Phenolic Resin for Friction Materials Market Size by Type
    10.4 Southeast Asia Phenolic Resin for Friction Materials Market Size by Application
11. Middle East
    11.1 Middle East Phenolic Resin for Friction Materials Market Size
    11.2 Middle East Phenolic Resin for Friction Materials Key Players in North America
    11.3 Middle East Phenolic Resin for Friction Materials Market Size by Type
    11.4 Middle East Phenolic Resin for Friction Materials Market Size by Application
12. Africa
    12.1 Africa Phenolic Resin for Friction Materials Market Size
    12.2 Africa Phenolic Resin for Friction Materials Key Players in North America
    12.3 Africa Phenolic Resin for Friction Materials Market Size by Type
    12.4 Africa Phenolic Resin for Friction Materials Market Size by Application
13. Oceania
    13.1 Oceania Phenolic Resin for Friction Materials Market Size
    13.2 Oceania Phenolic Resin for Friction Materials Key Players in North America
    13.3 Oceania Phenolic Resin for Friction Materials Market Size by Type
    13.4 Oceania Phenolic Resin for Friction Materials Market Size by Application
14. South America
    14.1 South America Phenolic Resin for Friction Materials Market Size
    14.2 South America Phenolic Resin for Friction Materials Key Players in North America
    14.3 South America Phenolic Resin for Friction Materials Market Size by Type
    14.4 South America Phenolic Resin for Friction Materials Market Size by Application
15. Rest of the World
    15.1 Rest of the World Phenolic Resin for Friction Materials Market Size
    15.2 Rest of the World Phenolic Resin for Friction Materials Key Players in North America
    15.3 Rest of the World Phenolic Resin for Friction Materials Market Size by Type
    15.4 Rest of the World Phenolic Resin for Friction Materials Market Size by Application
16 Phenolic Resin for Friction Materials Market Dynamics
    16.1 Covid-19 Impact Market Top Trends
    16.2 Covid-19 Impact Market Drivers
    16.3 Covid-19 Impact Market Challenges
    16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
    18.1 Research Methodology
        18.1.1 Methodology/Research Approach
        18.1.2 Data Source
    18.2 Disclaimer

Market Segmentation

By Type

  • Liquid Type (Phenolic Resol Resins)
  • Powder Type (Phenolic Novolac Resins)

By Application

  • Automotive
  • Railway
  • Aeronautics
  • Industrial

Regional Analysis

  • North America (U.S., Canada, Mexico): Strong demand in automotive and industrial friction materials; regulatory oversight on emissions and safety.
  • Europe (Germany, U.K., France, Italy, Russia, Spain): Mature market with emphasis on railway and aeronautics; strict environmental regulations drive innovation.
  • Asia-Pacific (China, India, Japan, Southeast Asia): Largest and fastest-growing region, supported by automotive expansion, industrial growth, and railway modernization.
  • South America (Brazil, Argentina): Emerging adoption in automotive and industrial applications, supported by infrastructure development.
  • Middle East & Africa (Saudi Arabia, South Africa): Gradual growth with increasing investments in industrial and transportation sectors.

Key Players

  • Sumitomo Bakelite
  • Hexion
  • DIC Corporation
  • Shengquan Group
  • KANGNAM CHEMICAL
  • Shandong Laiwu Runda New Material
  • Kuentek Cashew
  • Sprea Misr
  • Zhejiang Hangzhou Friction Composites
  • Mitsui Chemicals

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