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“The sciences as a whole are slowly but gradually drifting away from life and are only returning after a detour.” Goethe. Detours should be avoided. This work presents a current overview of phenolic resin chemistry and its technical applications, grounded in practical experiences from research, production, and marketing, with an emphasis on economic relevance. It is not a systematic literature review, although references up to July 1978 are generally included. The intended audience is diverse, encompassing chemists, engineers, marketing professionals, and students. The text examines the status of phenolic resins, the first fully synthetic polymers, and their future prospects. A retrospective on their development reinforces their technical and economic strengths, which continue to support market growth and recognition of their value. We extend our gratitude to all supporters, particularly those who provided guidance and assistance. Table of Contents: 1. Historical and Economic Development of Phenolic Resins 1.1. History 1.2. Market Position 1.3. References 2. Raw Materials 2.1. Phenols 2.1.1. Physical Properties of Phenol