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:
To view the report summary and Table of Contents, click on: https://www.expertmarketresearch.com/reports/phenol-market-report
Expert Market Research has analysed the global phenol market according to end-use, major regions and top players:
Market breakup by End-use
Market Breakup by Region
Top Players
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
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
"Global Phenol Market: By End-Use: Bisphenol A, Phenolic Resins, Caprolactam, Alkyl Phenols, Others; By Manufacturing Process: Cumene Process, Dow Process, Raschig–Hooker process, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Supply and Demand (2015-2019); Supply and Demand Forecast (2020-2025); SWOT Analysis; Value Chain Analysis; Porter’s Five Forces Analysis; Global (HS Code-2907) Trade Analysis (2019); Regional Phenol Price Analysis; Manufacturing Process; Cost Analysis; Competitive Landscape"
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Global Silicon Nitride Market Report and Forecast 2019-2024
Global Potassium Chlorate Market Report and Forecast 2019-2024
Caustic soda or sodium hydroxide, is an odorless, highly corrosive, nonflammable white solid which can also be used as an esterification and transesterification reagent and cleaning agent.
The Global Soda Ash Market attained a total volume of nearly 61 million metric tons in 2018. A major driver of the soda ash market is the expanding application of the product in the glass sector where...
This report by Expert Market Research entitled “Sodium Chlorate Market Report and Forecast 2020-2025” provides a comprehensive analysis for anyone who plans to foray into the sodium chlorate marke...