AbstractTo clarify the modification mechanism of bio-oil for phenol-formaldehyde resin with crude bio-oil (BPF), the bio-oil compounds were simplified by model compound method according to the component distribution. The phenol-formaldehyde resin with bio-oil model compounds (BMPF) were prepared and their basic performance, bonding strength and aging characteristics were determined. The changes on the microstructure and chemical bonds of BMPF were also analyzed by scanning electron microscope, Fourier transform infrared spectroscopy, and nuclear magnetic resonance analysis. Results showed that the components of bio-oil had different influence on the performance and microstructure of BMPF, especially phenols. Structural analysis indicated that the phenols and ketones of bio-oil had positive effects on the synthesis of BMPF, while the aldehydes and acids had negative effects. But all components of bio-oil could improve the aging resistance of BMPF inordinately. These results could provide a basis for the modification of BPF.