Reports
Global Phenol Market: By End Use: Bisphenol A, Phenolic Resins, Caprolactam, Alkyl Phenols, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Trade Analysis; Price Analysis; Manufacturing Process; Cost Analysis; Feedstock Market Analysis; Competitive Landscape; Industry Events and Developments
Global Phenol Market Outlook
The global phenol market size reached a value of around USD 19.44 billion in the year 2021. The phenol market is further expected to grow at a CAGR of 4.2% between 2023 and 2028 to reach a value of about USD 24.07 billion by 2027.
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In 2021, the Asia Pacific was the largest regional phenol market with a market share of about 52.5%. The Asia Pacific was followed by Europe and the United States as the leading markets for the product, with Europe occupying 22.4% of the global phenol market and the United States accounting for about 17% of the industry.
Properties and Applications
Phenol or carbolic acid is an aromatic white crystalline solid. It is an organic compound with the molecular formula C6H5OH. Phenol finds extensive and diverse applications, especially through its downstream products. It finds the majority of its usage in the conversion to precursors for plastics. In the pharmaceutical sector, phenol finds its application as a precursor of drugs like aspirins, and other pharmaceutical drugs. It is also employed as a remedy for pharyngitis. It is derived through the Cumene process, Dow process, and Raschig–Hooker process, among others.
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On the basis of end use, the industry is divided into:
- Bisphenol A
- Phenolic Resins
- Caprolactam
- Alkyl Phenols
- Others
The report also covers the regional phenol markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global phenol market is being driven by the rising demand for alkyl phenols. Alkyl phenols currently accounts for 4.5% of the global end-use application. Alkyl phenols are broadly used as precursors to detergents, as building block chemicals for fragrances, fire-retardant materials, and thermoplastic elastomers, and as additives for fuels and lubricants. They are also found in tyres, coatings, adhesive, and high-performance rubber product, in consequence to their downstream applications.
The demand for phenol has also been rising globally due to the growth of its end use industries, owing to the increasing urbanisation, changing lifestyles and the rise in disposable incomes globally. The end use sector is led by Bisphenol A, which accounted for 47% of the industry share. Strong demand from emerging countries is facilitating the growth in the phenol market. The technological advancement in the techniques of its production has added further impetus to the phenol market growth.
Phenol is also in demand in sectors like farming and animal husbandry where it is used in fungicides and disinfectants. Through its downstream uses, phenol also finds applications in the automobile and construction sectors. The construction industry is expected to grow by 85% in 2030 to attain USD 15.5 trillion, with China, US, and India accounting for 57% of the estimated growth. China along with India are the key automotive markets. Thus, with the growing demand for phenol derivatives like polycarbonate and epoxy resins in the automobile and construction sector, the phenol market is being propelled forward.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global phenol market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- INEOS Group
- Mitsui Chemicals, Inc.
- Shell International B.V.
- Solvay SA
- Honeywell International Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the phenol market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End Use, Region |
| Breakup by End Use | Bisphenol A, Phenolic Resins, Caprolactam, Alkyl Phenols, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | INEOS Group, Mitsui Chemicals, Inc., Shell International B.V., Solvay SA, Honeywell International Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Market Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Phenol Market Analysis
8.1 Key Industry Highlights
8.2 Global Phenol Historical Market (2018-2022)
8.3 Global Phenol Market Forecast (2023-2028)
8.4 Global Phenol Market by End Use
8.4.1 Bisphenol A
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Phenolic Resins
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Caprolactam
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Alkyl Phenols
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Phenol Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Market by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Market by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Market by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Market by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Market by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Analysis (HS Code-2907)
12.1 Major Exporting Countries by Value & Volume
12.2 Major Importing Countries by Value & Volume
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) & Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) & Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) & Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) & Forecast (2023-2028)
13.5 Middle East & Africa Historical Price Trends (2018-2022) & Forecast (2023-2028)
14 Manufacturing Process
14.1 Detailed Process Flow
14.2 Operations Involved
14.3 Mass Balance
15 Cost Analysis
15.1 Land, Location and Site Development
15.2 Construction
15.3 Plant Machinery
15.4 Cost of Raw Material
15.5 Packaging
15.6 Transportation
15.7 Utilities
15.8 Manpower
15.9 Other Capital Investment
16 Feedstock Market Analysis
16.1 Global Benzene Market Analysis
16.1.1 Key Industry Highlights
16.1.2 Global Benzene Historical Market (2018-2022)
16.1.3 Global Benzene Market Forecast (2023-2028)
16.1.4 Global Benzene Market by End Use
16.1.5 Global Benzene Market by Region
16.1.6 Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.2 Global Propylene Market Analysis
16.2.1 Key Industry Highlights
16.2.2 Global Propylene Historical Market (2018-2022)
16.2.3 Global Propylene Market Forecast (2023-2028)
16.2.4 Global Propylene Market Breakup by End Use
16.2.5 Global Propylene Market Breakup by Region
16.2.6 Historical Price Trends (2018-2022) and Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players’ Market Share
17.3 Company Profiles
17.3.1 INEOS Group
17.3.1.1 Company Overview
17.3.1.2 Product Portfolio
17.3.1.3 Demographic Reach and Achievements
17.3.1.4 Financial Summary
17.3.1.5 Certifications
17.3.2 Mitsui Chemicals, Inc.
17.3.2.1 Company Overview
17.3.2.2 Product Portfolio
17.3.2.3 Demographic Reach and Achievements
17.3.2.4 Financial Summary
17.3.2.5 Certifications
17.3.3 Shell International B.V.
17.3.3.1 Company Overview
17.3.3.2 Product Portfolio
17.3.3.3 Demographic Reach and Achievements
17.3.3.4 Financial Summary
17.3.3.5 Certifications
17.3.4 Solvay SA
17.3.4.1 Company Overview
17.3.4.2 Product Portfolio
17.3.4.3 Demographic Reach and Achievements
17.3.4.4 Financial Summary
17.3.4.5 Certifications
17.3.5 Honeywell International Inc.
17.3.5.1 Company Overview
17.3.5.2 Product Portfolio
17.3.5.3 Demographic Reach and Achievements
17.3.5.4 Financial Summary
17.3.5.5 Certifications
17.3.6 Others
18 Industry Events and Developments
List of Key Figures and Tables
1. Global Phenol Market: Key Industry Highlights, 2018 and 2028
2. Global Phenol Historical Market: Breakup by End Use (USD Billion), 2018-2022
3. Global Phenol Market Forecast: Breakup by End Use (USD Billion), 2023-2028
4. Global Phenol Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Phenol Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. North America Phenol Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America Phenol Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. Europe Phenol Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Europe Phenol Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Asia Pacific Phenol Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Asia Pacific Phenol Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Latin America Phenol Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Latin America Phenol Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Middle East and Africa Phenol Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Middle East and Africa Phenol Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Major Importing Countries by Volume (2020)
17. Major Exporting Countries by Volume (2020)
18. Major Importing Countries by Value (2020)
19. Major Exporting Countries by Value (2020)
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Phenol Market Structure
Key Questions Answered in the Report
In 2021, the global phenol market attained a value of around USD 19.44 billion.
In the forecast period of 2023-2028, the market is projected to grow at a CAGR of 4.2%.
By 2027, the market is estimated to reach a value of almost USD 24.07 billion.
The major drivers of the industry such as rising urbanisation, increasing disposable incomes, strong demand from emerging economies, technological advancements, and growing demand for alkyl phenyl are expected to aid the market growth.
Improvements in the phenol production technology, focussed on enhancing output, lowering process costs and improving safety, is expected to be a major trend informing the industry growth.
The major regions in the industry are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest market share of 52.5%.
The leading end use segment in the industry is bisphenol A, accounting for 47% of market share.
The major players in the industry are INEOS Group, Mitsui Chemicals Inc., Honeywell International Inc., Shell Chemical Co., and Solvay SA, among others.
Analyst Review
The global phenol market attained a value of around USD 19.44 billion in 2021, driven by rising living standards and the growing demand for alkyl phenols. Aided by the rising downstream demand from automotive and construction industries, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.2%. The industry is projected to reach a value of almost USD 24.07 billion in 2027.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. On the basis of end uses, bisphenol A accounted for 47% of the end uses of phenol in the global market. The major regional markets for phenol are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the industry. The key players in the report include INEOS Group, Mitsui Chemicals Inc., Honeywell International Inc., Shell Chemical Co., and Solvay SA, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
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