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.
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:
- What are the market trends for the global phenol market?
- Which are the biggest markets (regions) for phenol?
- What are the key application areas for phenol?
- Who are the key manufacturers in the phenol market?
- What are the price trends of phenol?
- What are the raw material requirements for the manufacturing of phenol?
- What are the chemical reactions involved during the manufacturing of phenol?
- Who are the major importers and exporters of phenol?
- What is the value chain analysis of the phenol industry?
- What are the market trends of major feedstocks?
- What are the price trends of major feedstocks?
- Which are the biggest markets (regions) for major feedstocks?
- What are the key application areas for various feedstocks?
- Who are the key players for various feedstocks?
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.