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Phenolic Resin Price Trend Analysis 2026: Price Drivers, Market Insights, Historical Prices, Latest News & Supply Demand Analysis
Written ByShriya Singh
Phenolic Resin Latest Development
Hormuz Disruption Tightens Global Oil Supply
Strait of Hormuz closure continues to constrain global oil supply, with observed output remaining significantly below year-ago levels. IEA revised its demand forecast downward as inventories fell to multi-decade lows, reinforcing upward price pressure and market volatility.
Phenolic Resin Price Trend Q2 2026
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Phenolic Resin | China | FOB | USD 1,348.92/MT | June 2026 |
| Phenolic Resin | USA | CIF | USD 1,503.92/MT | June 2026 |
| Phenolic Resin | Germany | CIF | USD 1,469.92/MT | June 2026 |
| Phenolic Resin | India | CIF | USD 1,436.92/MT | June 2026 |
| Phenolic Resin | Japan | CIF | USD 1,381.92/MT | June 2026 |
| Phenolic Resin | China | FOB | USD 1,512.42/MT | May 2026 |
| Phenolic Resin | USA | CIF | USD 1,631.19/MT | May 2026 |
| Phenolic Resin | Germany | CIF | USD 1,605.45/MT | May 2026 |
| Phenolic Resin | India | CIF | USD 1,579.34/MT | May 2026 |
| Phenolic Resin | Japan | CIF | USD 1,549.75/MT | May 2026 |
Stay updated with the latest phenolic resin prices, historical data, and tailored regional analysis
- Global phenolic resin markets weakened during Q2 2026 as falling key feedstock costs, improving supply availability and restrained downstream purchasing reduced producers’ pricing power.
- Feedstock pressure eased markedly as phenol and formaldehyde costs softened after early-quarter volatility, while additional Asian phenol capacity reinforced a more competitive production environment.
- Downstream demand remained subdued, particularly from construction and wood-panel applications, limiting resin consumption and preventing producers from sustaining earlier cost-driven increases.
Asia
In China, the prices of Phenolic Resin were ~USD 1,687.91/MT in April and ~USD 1,349.00/MT in June, showing a ~20.1% decrease. Chinese conditions weakened as phenol availability increased and downstream resin buyers maintained requirement-based procurement. Formaldehyde briefly strengthened in May after producer operating rates were reduced, but softer methanol and weak wood-panel purchasing reversed this support by June. Similarly, in India, the prices of Phenolic Resin were ~USD 1,737.91/MT in April and ~USD 1,437.00/MT in June, showing a ~17.3% decrease. India experienced temporary phenol supply disruptions early in the quarter, but a full customs-duty exemption on phenol and phenol-formaldehyde resin from April through June 30 improved import economics and eased downstream cost pressure.
Europe
In Germany, the prices of Phenolic Resin were ~USD 1,813.91/MT in April and ~USD 1,470.00/MT in June, showing a ~19.0% decrease. European phenol costs softened as benzene weakened, while structural oversupply and subdued chemical consumption reduced resin production costs. Demand remained particularly weak from construction, with euro-area building activity falling 5.2% year on year in April. Limited purchasing from wood-panel, insulation and related applications prevented suppliers from maintaining earlier cost increases.
North America
In the United States, the prices of Phenolic Resin were ~USD 1,774.91/MT in April and ~USD 1,504.00/MT in June, showing a ~15.3% decrease. Phenol costs initially strengthened because of production disruptions and higher benzene and propylene costs, but downstream demand weakened later. U.S. housing starts fell 15.4% month on month in May, reducing demand from particleboard, fiberboard, insulation and construction-related resin applications.
Analyst Insight
According to Procurement Resource, in the near term, phenolic resin conditions are expected to remain soft to stable as adequate feedstock availability and weak construction demand continue limiting upward pressure.
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- Global phenolic resin market followed an upward trend in Q1 2026, supported by supply tightening and cost push from upstream markets, while regional demand differences shaped the pace of increase.
- Feedstock pressure intensified due to Ithe ran conflict disrupting crude flows through the Strait of Hormuz, impacting nearly 20% of global oil and LNG movement and raising upstream input costs.
- Downstream demand remained steady across resins and laminates, though high costs and economic pressure kept procurement controlled despite stable consumption.
Asia
During the first quarter of 2026, phenolic resin production in Asia showed a firm upward trend, supported by tightening supply conditions and strong cost push from phenol amid rising benzene and propylene values. Chinese markets saw significant feedstock escalation, with monthly increases of over 30% during February to March, driven by reduced import availability, plant maintenance shutdowns, and declining port inventories. Indian markets followed similar direction due to elevated import costs and higher freight rates. Export flows from China remained active, while supply tightness limited regional availability, and steady downstream demand from laminates and construction resins supported the upward movement.
Europe
During the first quarter of 2026, phenolic resin production in Europe reflected a moderate upward trend, influenced by constrained supply and elevated production costs linked to phenol. The Iran conflict raised crude-linked input costs, increasing benzene and propylene values and tightening manufacturing economics. Import dependency exposed the region to higher freight and insurance costs, while logistical delays restricted inflows. Limited regional output and steady demand from the automotive and construction sectors supported consumption, though cautious purchasing reduced aggressive buying activity.
North America
During the first quarter of 2026, phenolic resin production in North America followed an upward fluctuating trend, supported by cost pass-through from phenol and a stable domestic supply. Early quarter conditions remained balanced with steady output and consistent downstream demand from automotive and industrial applications. As the quarter progressed, crude oil disruptions increased freight and insurance costs, raising input expenses for resin manufacturers. Trade flows remained stable with sufficient domestic production, while steady downstream demand maintained consumption despite rising cost pressures.
About Phenolic Resin
A synthetic polymer called phenolic resin is produced when phenol reacts with an aldehyde, usually formaldehyde. It is appropriate for a wide range of applications as it has outstanding heat and chemical resistance. They are frequently used in the production of molded goods, including kitchenware, circuit boards, electrical components, and automobile parts. Because of their powerful bonding abilities, they are also utilized as binders, varnishes, and adhesives. Due to its durability and flame-retardant properties, phenolic resins are also used in consumer products, construction, and aerospace industries.
Phenolic Resin Product Detail
Hs Code
39094000
Cas Number
9003-35-4
Industrial Uses
Aerospace and defense, Rubber industry, Wood-based products, Filtrations, Coatings and adhesives, Automotive industries
Synonyms
Phenol-formaldehyde resins, PF resins
Supplier Database
Hexcel Corporation, Bakelite Synthetics, Ashland Global Holdings Inc, BASF SE, Akrochem Corporation, Georgia- Pacific Chemicals, Kraton Corporation
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Phenolic Resin Production Processes
The mixture of phenol and formaldehyde are stirred and heated till 60°C and then the reaction undergoes refluxing till around 98°C. This mixture is then added to methanol for dilution once the water has been removed from the vessel base and as a result, phenolic resin is produced as the final product.
Our Price Analysis Methodology
About the Author
Shriya Singh
Business Insights Analyst
Helping procurement and sourcing teams navigate complex markets through data-driven research, category intelligence, and actionable insights - with a focus on identifying market trends, analyzing supply-side developments, and delivering clear intelligence that supports informed business decisions.
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