Phenol Market is estimated to grow at a CAGR of 3.20% for 2020 to 2027 with factors such as, rise in the cost of research and development activities, restraining the market growth in the above mentioned forecasted period.
Phenol market has shown an exceptional penetration in developed economies in Asia-Pacific due to increasing consumption and hence, production of phenol, expanding economies of developing nations and growth in investment in this region.
Phenol Market Scenario
According to Data Bridge Market Research phenol market is witnessing a significant growth in developed economies during the forecast period of 2020-2027 due to factors such as, high demand for phenol’s derivatives for use in various applications such as production of cosmetics, herbicides, nylon and epoxies, rise in construction activities accelerating the consumption of phenol in manufacturing of flooring panels, laminated beams and plywood and growing demand of epoxy resins for turbine power generation, driving the market swiftly. Moreover, utilization of phenol as a precursor in numerous chemical preparations, rising demand for epoxy resins manufacturing, usage in consumer goods packaging, industrialization and technological advancement in developing countries, will further create opportunities for the phenol market in the above mentioned forecast period.
Now the question is which are the other regions phenol market is targeting? Data Bridge Market Research has estimated a large growth in Europe and North America phenol market be their next revenue pockets for 2020. The Data bridge market research new reports highlight the major growth factors and opportunities in the phenol market.
For more analysis on the phenol market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-phenol-market
Scope of the Phenol Market
Phenol market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA).
- All country based analysis of phenol market is further analyzed based on maximum granularity into further segmentation. On the basis of manufacturing process, the phenol market is segmented into cumene process, Dow process, and raschig–hooker process. On the basis of application, the phenol market is segmented into epoxy resins, polycarbonates, nylon, Bakelite, detergents, phenolic resins, pharmaceutical drug and herbicides. On the basis of end-users, the phenol market is segmented into bisphenol A, phenolic resins, caprolactam and others.
- Phenol or phenolic acid (C6H5OH) is a colourless, toxic crystalline solid which is commonly used as a disinfectant and antiseptic. Phenol is comparatively more soluble with water than other hydrocarbons with same molecular weight. It has various applications such as medical, electrical equipment, resin paint, textile wood, paints and coatings and cool refineries.
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Key Pointers Covered in Phenol Market and Forecast to 2027
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Regulatory Framework and Changes
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the report
- KUMHO P&B CHEMICALS.,INC
- TPCC
- Royal Dutch Shell
- Mitsui Chemicals, Inc
- LG Chem
- Honeywell International Inc
- Solvay
- Mitsubishi Corporation
- Aditya Birla Group
- SHENGQUAN GROUP
- PTT Phenol Company Limited
- Bayer AG
- AdvanSix
- PTT Global Chemical Public Company Limited
- Cepsa
- INEOS
- Domo Investment Group NV
- Altivia
- Formosa Plastics Corporation
- Prasol Chemicals Pvt. Ltd
- Sasol LTD
- China National Bluestar (Group) Co,Ltd
- Merck KGaA
- SHIV SHAKTI GROUP
Above are the key players covered in the report, to know about more and exhaustive list of phenol market companies, contact us.https://www.databridgemarketresearch.com/toc/?dbmr=global-phenol-market
Research Methodology: Phenol Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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