About Phenol
Phenol (C6H5OH) also known as phenolic acid, benzenol and monohydroxy benzen is an aromatic organic compound which is a white crystalline solid that is volatile. Phenol is colourless liquid or crystalline powder with strong hydrogen bond and higher solubility in water than alcohol. It is a mildly acidic toxic which is widely used in industrial applications including flame retardants, fuel additives, sealant and abrasive. The demand for phenol market is anticipated to rise with an increase in commercial viability and use of its derivatives which are used to manufacture a wide variety of products.
Attributes | Details |
---|
Study Period | 2020-2032 |
Base Year | 2024 |
High Growth Market | Europe |
Unit | Value (USD Million) |
CAGR | 5.71% |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Phenol market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Royal Dutch Shell (Netherland), DOW Chemical Company (United States), Mitsui Chemicals (Japan), Saudi Basic Industries Corporation (Saudi Arabia), Ineos Group (United Kingdom), Borealis (Austria), Honeywell International (United States), LG Chem (South Korea) and Kumho Petrochemical (South Korea) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Phenol market by , Application (Epoxy resins, Polycarbonates, Nylon, Bakelite, Detergents, Phenolic Resins and Pharmaceutical Drugs and Herbicides) and Region.
On the basis of application, Polycarbonate segment is dominating the market in the year 2024On the basis of geography, the market of Phenol has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2024. If we see Market by Manufacturing Process, the sub-segment i.e. Cumene process will boost the Phenol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Bisphenol-A will boost the Phenol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in Manufacturing Process
Market Growth Drivers:
Growing Demand For Asia Pacific Region and Increasing Demand From End Use Industries
Challenges:
Health & Safety Concerns Associated With Phenol
Restraints:
Generation of Hazardous Waste During Production of Phenol
Opportunities:
Growing Chemical Industry In Emerging Market
Market Leaders and their expansionary development strategies
In October 2018, SK Capital Partner, a private investment firm on the speciality material, chemicals and pharmaceutical sector announced Completes Acquisition of SI Group, a leading global manufacturer of performance additives and intermediates.
World Trade Organization (WTO) had circulated a proposal from the European Union (EU) to regulate six chemicals in toys for children less than 36 months or other toys intended to be placed in the mouth under Appendix C of Annex II to the TSD. Additionally, the European Commission (EC) has adopted the Commission Directive for the purpose of adopting specific limit values for chemicals used in toys. The regulation specifies new migration limit for phenol in toys, for children under three, of 5mg/l and a content limit for its use as a preservative of 10mg/kg.
Key Target Audience
Phenol Manufacturer, Phenol Supplier, Research Association and Government Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.