1. Market Research
  2. > Materials
  3. > Chemicals Market Trends
Phenol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Phenol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • February 2019
  • 100 pages
  • ID: 5373166
  • Format: PDF

Summary

Table of Contents

The global phenol market reach nearly US$ 20 Billion in 2018, registering a CAGR of 3.4% during the 2011-2018. The market value is further anticipated to reach US$ 28.4 Billion by 2023, growing at a CAGR of 5.2% during 2019-2024. Phenol or phenolic acid (C6H5OH) is an aromatic organic compound. It is a toxic, colorless crystalline solid which is commonly used as a disinfectant and antiseptic. In comparison to other hydrocarbons with similar molecular weight, phenol is more soluble in water due to its stronger hydrogen bonding. It majorly finds applications in household products like detergents; as an intermediate or precursor for synthesizing several chemical compounds; and as a derivative in the production of nylon, herbicides, epoxies, cosmetics, etc.

Global Phenol Market Drivers:
Phenol finds applications as an industrial cleaner for machinery parts and electronic devices; as a starting material for plastics and explosives such as picric acid; as a raw material in the manufacturing of drugs and antioxidants; for making intense colored dyes; as a basic material in wood preservatives such as creosote; and in everyday products such as mouthwash, liquid detergents, inks, floor cleaners, disinfectants, etc.
Rapid economic development across the world has majorly contributed to the increased construction activities in the residential and commercial domains. This has propelled the market growth as phenolic resins are used in the production of plywood, laminated beams and flooring panels.

Phenolic resins also find wide applications in the manufacturing of thermosetting plastics which are extensively utilized in the production of electrical components such as electron tubes, insulators and sockets. Apart from this, paper phenolics are employed in manufacturing household laminates and paper composite panels; and glass phenolics are suitable in the high-speed bearing market.
Over the past decade, improvements have been made in the production technology of phenol. New catalysts and processes have been commercialized for manufacturing cumene via alkylation of benzene with propylene. Recent process design innovations have further been used for the cumene hydroperoxide route that remains the preferred method for manufacturing phenol. These efforts have been directed at improving yield, and process costs and safety for the preparation of phenol in order to meet the growing demand for phenolic resins.

Breakup by End-Use:
Based on end-use, the report finds that bisphenol A (BPA) currently represents the largest segment of phenol and accounts for around a half of the total global market. BPA finds vast applications in the production of epoxy resins and polycarbonate which are further used for manufacturing food and beverage containers, medical devices, electronic equipment, household appliances, automotive parts, etc. BPA is followed by phenolic resins, caprolactam, alkyl phenyls and others.

Regional Insights:
On a geographical front, Asia Pacific enjoys the leading position in the global phenol market on account of increasing production and consumption of phenol in China. Besides this, a rise in the purchasing power of the consumers has escalated investments in the chemical, automotive and construction industries, thereby fueling the demand for phenol. Asia Pacific is followed by Europe, United States, Middle East and Africa, and Latin America.

Competitive Landscape:
The phenol market is fragmented with the presence of several large and small manufacturers who compete in terms of quality and prices. Some of the biggest players operative in the market are:

Ineos Phenol
Cepsa Quimica
Mitsui Chemicals
Formosa Chemicals and Fibers
Kumho P & B Chemicals

This report provides a deep insight into the global phenol industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the phenol industry in any manner.

The essential aspects of the global phenol market evaluated in the report include:
Market trends
Key regions
Major end-use segments
Key manufacturers
Price trends
Raw material requirements
Chemical reactions involved in the manufacturing process
Major importers and exporters
Value chain analysis
Market trends for major feedstocks
Price trends for major feedstocks
Key regions for major feedstocks
Key end-use segments for major feedstocks
Key suppliers for major feedstocks

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
India Phenol Comprehensive Techno-Commercial Market Analysis, 2013-2030

India Phenol Comprehensive Techno-Commercial Market Analysis, 2013-2030

  • $ 2950
  • April 2019

India Phenol Comprehensive Techno-Commercial Market Analysis, 2013-2030India phenol market is projected to grow at a CAGR of more than 6% during 2019-2030.Increasing usage of phenol as raw material fo ...

Formic Acid, Acetic Acid and Metacetonic Acid Companies in China

Formic Acid, Acetic Acid and Metacetonic Acid Companies in China

  • $ 1800
  • May 2019

This study focuses on China’s Formic Acid, Acetic Acid and Metacetonic Acid industry assessments and company profiles.In the two past decades, the industry has been growing at a fast pace. The dramatic ...

Phenol Markets in China

Phenol Markets in China

  • $ 4000
  • January 2019

China’s demand for Phenol has grown at a fast pace in the past decade.In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has ...


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on