Phenol, also known as carbolic acid, is an aromatic organic compound with the molecular formula C6H5OH. This acid is produced on an industrial level by mixing propylene with benzene under cumene process. Phenol has well diversified applications across various sectors. The major use of phenol which consumes two-third of its production is conversion to precursors for plastics. In medical sector, phenol is a precursor to a large collection of drugs, most notably, aspirin and also many herbicides and pharmaceutical drugs. It is used to cure Pharyngitis (inflammation of the pharynx, which is the back of the throat). In the aviation industry, it is used for the removal of epoxy, polyurethane and other chemically resistant coatings. Phenol derivatives are also used in the preparation of cosmetics including sunscreens, hair colorings, and skin lightening preparations. During 2014-2018, the global phenol market grew at a CAGR of around 18%. The consumption of phenol is primarily driven by the agriculture (particularly fungicides) and the animal husbandry sector which account for the majority of its consumption. This report by Expert Market Research entitled “Phenol Market Report and Forecast 2019-2024” provides a comprehensive analysis for anyone who plans to foray into the phenol market.
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Historical market trends for the phenol industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global phenol market into the following regions – Asia-Pacific, Europe, United States and Others. Region-wise, Asia-Pacific currently represents the largest market. On the basis of end-use, the global phenol market has been segmented as farming, animal husbandry, healthcare, industry uses and others. Farming and animal husbandry currently represent the biggest end-use markets for phenol.
The value chain analysis of phenol has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analyzing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation on the competitive landscape of the phenol industry has also been provided. The report also covers the global import and export trends of phenol with the Netherlands being the largest importer and Belgium being the largest exporter.
This report provides an exhaustive insight into the manufacturing of phenol. Factors such as chemical reactions involved, process flow, raw material requirements, mass balance and various manufacturing steps have been thoroughly discussed in the report. The report also provides a comprehensive market evaluation of the major feedstocks required for manufacturing phenol viz. benzene and propylene. For each feedstock, the report provides market trends, price trends, market by application, market by region and its key manufacturers.
The following are the key questions answered by this report:
In order to prepare this research report, Expert Market Research conducted face to face and telephone interviews with numerous industry participants in the phenol industry. They included manufacturers, distributors, end-users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complimented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector specific events and assumptions are taken into account to generate the final forecast.
Chapter 1 Preface
1.1 Research Methodology and Market Definitions
1.3 Report Summary
Chapter 2 Global Phenol Market: Industry Overview
2.1 Physical and Chemical Overview and Properties
2.2 Key Factors Driving the Global Phenol Industry
2.3 Volume Trends
2.4 Value Trends
2.5 Price Trends
2.6 Market Breakup by Region
2.6.1 Asia Pacific
2.6.3 United States
2.7 Market Breakup by End-Use
2.8 Value Chain Analysis
2.9 Imports and Exports
2.9.1 Imports by Major Countries
2.9.2 Exports by Major Countries
2.10 Market Outlook
Chapter 3 Porters five forces Analysis
3.1 Bargaining Power of Suppliers
3.2 Bargaining Power of Buyers
3.3 Threat of New Entrants
3.4 Threat of Substitutes
3.5 Degree of Competition
Chapter 4 Competitive Landscape
4.1 Key Players Profile
4.1.1 Ineos Phenol
4.1.2 Mitsui Chemicals
4.1.3 Cepsa Quimica
4.1.4 Kumho P & B Chemicals
4.1.5 LG Cemicals
Chapter 5 Raw Material Market Analysis
5.1.1 Market Trend
5.1.2 Market Breakup by Region
5.1.3 Market Breakup by end-Use
5.1.4 Price Trends
5.2.1 Market Trend
5.2.2 Market Breakup by Region
5.2.3 Market Breakup by end use
5.2.4 Price Trends
5.3 Key Feedstock Suppliers
Chapter 6 Manufacturing of Phenol
6.1 Key Success and Risk Factors for Manufacturers
6.2 Raw Material and Their Requirements
6.3 Manufacturing Process Flow
6.4 Reactions Involved
List of Figures
Figure 2 1: Global Phenol Market: Consumption Volume Trend (in Million Tons), 2014-2018
Figure 2 2: Global Phenol Market: Consumption Value Trend (in Million USD), 2014-2018
Figure 2 3: Global Phenol Market: Price Trend (in USD/ Tons), 2014-2024
Figure 2 4: Global Phenol Market: Production Breakup by Region (in %), 2018
Figure 2 5: Global Phenol Market: Consumption Breakup by Region (in %), 2018
Figure 2 6: Global Phenol Market: Breakup by End-Use (in %), 2018
Figure 2 7: Global Phenol: Import Volume Breakup by Country (in %), 2018
Figure 2 8: Netherlands Phenol: Import Volume Trend (in ‘000 Tons)
Figure 2 9: Global Phenol: Export Value Breakup by Country (in %), 2018
Figure 2 10: Belgium Phenol: Export Volume Trend (in ‘000 Tons)
Figure 2 11: Global Phenol Market Forecast: Production Volume Trend (in Million Tons), 2019-2024
Figure 2 12: Global Phenol Market Forecast: Production Value Trend (in Million USD), 2019-2024
Figure 5 1: Global Benzene Market: Consumption Volume Trend (in Million Tons), 2014-2018
Figure 5 2: Global Benzene Market: Production by Region (in %), 2018
Figure 5 3: Global Benzene Market: Breakup by End-Use (in %), 2018
Figure 5 4: Global Benzene Market: Price Trend (in USD/Tons), 2014-2024
Figure 5 5: Global Propylene Market: Consumption Volume Trend (in Million Tons), 2014-2018
Figure 5 6: Global Propylene Market: Production by Region (in %), 2018
Figure 5 7: Global Propylene Market: Breakup by End-Use (in %), 2018
Figure 5 8: Global Propylene Market: Price Trend (in USD/Tons), 2014-2024
Figure 6 1: Phenol Manufacturing Process: Detailed Process Flow
Figure 6 2: Phenol Manufacturing Process: Conversion Rate of Feedstocks
List of Tables
Table 2 1: Phenol: Overview and Properties
Table 2 2: Global Phenol: Import Value and Volume of Major Countries, 2018
Table 2 3: Global Phenol: Export Value and Volume of Major Countries, 2018
Table 4 1: Global Phenol Market: Capacity of Major Manufacturers (in Tons), 2018
Table 5 1: Global Benzene and Propylene: Major Suppliers
Table 6 1: Phenol: Raw Material Requirements
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