PUBLISHER: Grand View Research | PRODUCT CODE: 1869664
PUBLISHER: Grand View Research | PRODUCT CODE: 1869664
The global phenolic resin in tire and rubber market size was estimated at USD 1.49 billion in 2024 and is expected to reach USD 2.73 billion by 2033, growing at a CAGR of 7.0% from 2025 to 2033. The growing automotive, construction, and manufacturing demand is driving the market.
Phenolic resins are used in tire compounding as additives that improve reinforcement, tack, and adhesion. They help increase heat resistance, dimensional stability, and bond strength between rubber and textile or steel reinforcements. These qualities are especially important in heavy-duty and industrial tires. Their use is selective. Phenolic resins are common in specialty areas such as bead, sidewall, and high-temperature belt compounds, as well as in industrial tires where thermal and wear performance are critical. In contrast, standard passenger-car treads rely more on silica and carbon black formulations, so phenolics are less common there.
Regionally, Asia-Pacific leads in both production and consumption because of large vehicle markets, integrated supply chains, and cost advantages in China, India, and Southeast Asia. North America and Europe focus more on premium and specialty tires that meet strict regulations. The market includes global leaders with scale advantages and regional companies serving niche segments. Consolidation and long-term supply agreements with automakers are common.
Global Phenolic Resin In Tire And Rubber Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global phenolic resin in tire and rubber market report based on product, property/function, raw material, end-use, and region: