Amino-resins, phenolic resins and PU market in Finland, 2026

Earlier Report Observations

The market for amino-resins, phenolic resins and polyurethanes in Finland experienced significant fluctuations between 2018 and 2024. Volume peaked in 2021 at 210.9 thousand tons before contracting sharply to 134.4 thousand tons in 2023. In value terms, the market reached its highest point at 238.5 million USD in 2022. The period concluded with a partial recovery in 2024, with market volume rising to 146.5 thousand tons.

The market recovery in 2024 was supported by the introduction of innovative products like Sika's Sikaflex® Purform® polyurethane adhesives with very low isocyanate content and the development of climate-friendly polyol raw materials from captured CO2 by VTT and its partners. Concurrently, new EU regulations, including strict workplace exposure limits for diisocyanates to be met by 2029 and mandatory REACH training requirements for professional users, began reshaping production standards and safety protocols within the industry.

Production amino-resins, phenolic resins and PU in Finland

In value, 2017-2020, M $ US

After two consecutive years of growth, the production of amino-resins, phenolic resins, and polyurethanes in Finland experienced a decline. In 2019, output reached its peak at 116.6 million US dollars, but by 2020, it had fallen to 101.8 million US dollars, representing a year-over-year decrease of 12.7%. The most significant increase occurred in 2018, with a growth rate of 9.8%.

Annual dynamics of production in Finland in value, 2017-2020, M $ US

In kind, 2017-2020, K t

In 2020, Finland produced 172.0 thousand tonnes of amino-resins, phenolic resins, and polyurethanes, which was a slight increase of 1.5% compared to 2019. Production hit its lowest point in 2019 at 169.5 thousand tonnes, while the highest level was recorded in 2018 at 174.1 thousand tonnes. The largest decline of 2.6% occurred in 2019, whereas the most substantial increase of 2.5% took place in 2018.

Annual dynamics of production in Finland in kind, 2017-2020, K t

Exports amino-resins, phenolic resins and PU from Finland

Exports in kind, t

Finland's exports of amino-resins, phenolic resins, and polyurethanes have been growing for three years in a row. In 2020, the export volume reached 7 175 tonnes, showing a significant rise of 72.5% compared to 2019. Over the period from 2017 to 2020, exports surged by 155.2%, with an average annual growth rate of 36.7%.

Annual dynamics of product's exports from Finland in kind, 2017-2020, t

From 2017 to 2020, the primary markets for Finland's exports in volume terms were Latvia, accounting for 37.3% of the total, Estonia with 21.0%, and Russia at 15.4%. Together, these three countries made up 73.8% of all export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, K $ US

Following two years of expansion, the value of Finland's exports of amino-resins, phenolic resins, and polyurethanes declined. In 2019, exports peaked at 13 074 thousand US dollars, but by 2020, they had dropped to 9 135 thousand US dollars, a sharp decrease of 30.1% year-over-year. Over the 2017-2020 period, exports still grew by 81.9%, with an average annual rate of 22.1%. The largest increase was recorded in 2018 at 67.6%.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

The value-based export structure from 2017 to 2020 reveals a diverse range of trading partners. Russia led with 18.7% of the total value, followed by Latvia at 13.3% and Estonia at 10.3%. Combined, these three countries accounted for 42.3% of exports, while the remaining 57.7% was spread across numerous smaller markets.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports amino-resins, phenolic resins and PU to Finland

Imports in kind, t

Finland's imports of amino-resins, phenolic resins, and polyurethanes in volume terms declined for the second consecutive year. In 2020, imports stood at 20 604 tonnes, down by 4.6% compared to 2019. Over the 2017-2020 period, imports decreased by 4.1%, equivalent to an annualized rate of 1.4%. The highest import volume was in 2018 at 22 887 tonnes. The largest decline of 5.7% occurred in 2019, while the most significant increase of 6.6% was recorded in 2018.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

Between 2017 and 2020, Germany was the leading source for Finland's imports in volume terms, contributing 38.1% of the total. The Netherlands followed with 17.3%, and Italy accounted for 6.7%. Together, these three countries represented 62.1% of all import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, K $ US

The value of Finland's imports of amino-resins, phenolic resins, and polyurethanes fell for the second year in a row. In 2020, imports amounted to 62 338 thousand US dollars, marking an 11.4% decrease compared to the previous year. From 2017 to 2020, imports declined by 4.6%, with an average annual rate of 1.6%. The peak value was in 2018 at 76 384 thousand US dollars, and the largest increase of 16.9% also occurred in that year.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

From 2017 to 2020, Germany was the top source for Finland's imports in value terms, making up 31.8% of the total. The Netherlands contributed 18.7%, and the United States accounted for 9.4%. Collectively, these three countries represented 59.9% of all import value, remaining the key suppliers to Finland.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020