Global phenolic resins for friction materials market size was valued at USD 1.12 billion in 2024. The market is projected to grow from USD 1.18 billion in 2025 to USD 1.58 billion by 2032, exhibiting a CAGR of 4.1% during the forecast period. Phenolic resins are thermosetting polymers widely used as binders in friction materials due to their excellent heat resistance and mechanical properties....