Novolac Resin Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Novolac Resins Market is segmented by Form (Solid Resin and Liquid Resin), End-User (Automotive, Consumer Electronics, Building & Construction, Oil & Gas, Furniture, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East & Africa).

Novolac Resin Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Novolac Resin Market Size

novolac resins - market summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Novolac Resins Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Novolac Resins Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Novolac Resin Market Analysis

The Novolac Resins Market is expected to register a CAGR of greater than 4% during the forecast period.

  • Automotive application is anticipated to dominate the overall market owing to its various properties inlcuding heat resistance, fireproof, chemical resistance, and electrical insulating. 
  • Asia-Pacific is expected to be the largest market because of the high demand of the product from various industries in the region.

Novolac Resin Industry Overview

The market for novolac resins is consolidated. Some of the players in the market include Hexion, DIC CORPORATION, SBHPP, KANGNAM CHEMICAL, and BASF SE.

Novolac Resin Market Leaders

  1. Hexion

  2. DIC CORPORATION

  3. SBHPP

  4. KANGNAM CHEMICAL

  5. BASF SE

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration - Novolac Resins Market.png
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Novolac Resin Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 High Demand for Fuel Efficient Light Vehicles
    • 4.1.2 Increasing Demand from the Consumer Electronics
  • 4.2 Restraints
    • 4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 Form
    • 5.1.1 Solid Resin
    • 5.1.2 Liquid Resin
  • 5.2 End-User
    • 5.2.1 Automotive
    • 5.2.2 Consumer Electronics
    • 5.2.3 Building & Construction
    • 5.2.4 Oil & Gas
    • 5.2.5 Furniture
    • 5.2.6 Others
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share/Ranking Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 BASF SE
    • 6.4.2 DIC CORPORATION
    • 6.4.3 Georgia-Pacific Chemicals
    • 6.4.4 Gunei Chemical Industry Co., Ltd
    • 6.4.5 Hexion
    • 6.4.6 KANGNAM CHEMICAL
    • 6.4.7 Mitsui Chemicals Inc
    • 6.4.8 SBHPP
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Novolac Resin Industry Segmentation

The Novolac Resins Market report includes:

Form Solid Resin
Liquid Resin
End-User Automotive
Consumer Electronics
Building & Construction
Oil & Gas
Furniture
Others
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Novolac Resin Market Research FAQs

What is the current Novolac Resins Market size?

The Novolac Resins Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)

Who are the key players in Novolac Resins Market?

Hexion, DIC CORPORATION, SBHPP, KANGNAM CHEMICAL and BASF SE are the major companies operating in the Novolac Resins Market.

Which is the fastest growing region in Novolac Resins Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Novolac Resins Market?

In 2025, the Asia Pacific accounts for the largest market share in Novolac Resins Market.

What years does this Novolac Resins Market cover?

The report covers the Novolac Resins Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Novolac Resins Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Novolac Resin Industry Report

Statistics for the 2025 Novolac Resins market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Novolac Resins analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.