Posted on 23 Jan 2019

Global Phenol Market to Reach 15 Million Tons by 2024

Phenol is an aromatic organic compound which occurs as white crystalline powder or a colourless liquid, having the chemical formula, C6H6O. Also known as carbolic acid, benzenol or monohydroxy benzene, phenol is mildly acidic in nature. It has stronger hydrogen bond and higher solubility in water than alcohols.

Being inexpensive, phenol has diverse applications in numerous industries. Traditionally, it was used as an antiseptic and in carbolic soaps. Nowadays, it is used in the manufacture of packaging, coatings and adhesives, automotive, agrochemicals, paints, textiles, food, construction, pharmaceuticals, etc. About two-thirds of the production of phenol is consumed in conversion to precursors for other chemicals, plastics and other materials. The derivatives of phenol are also used in the production of certain cosmetics like hair dyes, sunscreens, skin lightening creams, etc. According to a new report by Expert Market Research, the global phenol market reached a volume of 12.3 Million Tons in 2018 and is further expected to reach 15 Million Tons by 2024.

The production of phenol, during 2014-2018, has witnessed a significant growth. Bisphenol A, which is a derivative of phenol is used in epoxy resins for automobiles, paints, coatings and mouldings, electrical appliances, etc. The polymerisation of phenol with formaldehyde forms phenol-resins or phenol-formaldehyde resins which are utilized in the manufacture of Bakelite which is used in electrical equipment. As a result of commercialisation of phenolic resins, the demand of phenol is increasing. Caprolactam, an intermediate of phenol, is used in the manufacture of nylon and polyamide. These applications have significantly increased the global demand for phenol in the past several years. Moreover, rising population, increasing disposable incomes, along with a strong demand from emerging markets are some of the other factors that have facilitated the market growth.

Key findings from the report:

  • The major end-uses of phenol include bisphenol A (BPA), phenolic resins, caprolactam and others.
  • Region-wise, Asia-Pacific dominated the market with a share of more than a fifth of the total global production in 2018. It was followed by Europe and US.
  • The global phenol market is surrounded by a number of players. Some of these players include Ineos Phenol, Mitsui Chemicals, Cepsa Quimica, Kumho P & B Chemicals, and LG Chemicals.

global phenol market

To view the report summary and Table of Contents, click on:

Expert Market Research has analysed the global phenol market according to end-use, major regions and top players:

Market breakup by End-use

  • Bisphenol A (BPA)
  • Phenolic Resins
  • Caprolactam
  • Others

Market Breakup by Region

  • Asia-Pacific
  • Europe
  • US

Top Players

  • Ineos Phenol
  • Mitsui Chemicals
  • Cepsa Quimica
  • Kumho P & B Chemicals
  • LG Chemicals


About Us

Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.

With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.


Contact Us

Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

Related Report

Asia Pacific Silicones Market Report and Forecast 2019-2024

The Asia Pacific silicones market is expected to reach a volume of about 2 million metric tons by 2024, registering a CAGR of nearly 5% during the forecast period of 2019-2024. Asia Pacific is expecte...

LATAM (Latin America) Silicones Market Report and Forecast 2019-2024

Aided by the growth in the global silicones market, which is projected to grow at a CAGR of about 5% during the forecast period of 2019-2024, the Latin America silicones market is expected to reach  ...

Europe Silicones Market Report and Forecast 2019-2024

The global silicones market grew at a CAGR of around 5% in the period 2014-2018. The healthy growth of the global silicones market has aided the Europe silicone market, which is expected to reach a ca...

North America Silicones Market Report and Forecast 2019-2024

The North America silicones market has grown at a CAGR of around 4% in during 2014-2018. Due to the rising demand for silicone elastomers in the USA and Canada, the market for silicones in North Ame...

North America Betaines Market Report and Forecast 2019-2024

The betaines market in North America is expected to reach a volume of around 200 KMT by 2024 and the global betaines market is projected to expand at a CAGR of about 4% during 2018-2024.

Have any queries or concern?

USA - Canada: +1-415-325-5166

UK: +44-702-402-5790