Phenoxy resins are thermosetting synthetic resins that are soluble in many common solvents. They are manufactured by condensation polymerization of phenol or substituted phenol with an aldehyde such as formaldehyde. Phenoxy resins find wide applications as binders, coatings, and adhesives in various end-use industries owing to their characteristics such as high heat and chemical resistance, low toxicity, and excellent electrical insulation properties.