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Global Phenol Market: By End Use: Bisphenol A, Phenolic Resins, Caprolactam, Alkyl Phenols, Others; Regional Analysis; Historical Market and Forecast (2016-2026); 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 USD 23.17 billion in the year 2020. The phenol market is further expected to grow at a CAGR of 5.3% between 2021 and 2026 to reach a value of about USD 30 billion by 2026.

 

Phenol Market by Region

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In 2020, Asia Pacific was the largest regional phenol market with a market share of about 40%. The Asia Pacific was followed by Europe and the United States as the leading markets for the product with Europe occupying 29% of the global phenol market and the United States accounting for about 26% of the industry. South Korea was the leading exporter of phenol, which accounted for 16% of the total exports of phenol globally in 2018. China, on the other hand, was the largest importer of phenol in the world.

 

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.

 

Phenol Market by End Use

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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.

 

Phenol Market by Region

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Market Analysis

The global phenol market is being driven by the rising demand for alkyl phenyl. Alkyl phenyl currently accounts for 4.2% of the global end-use application. It is predominantly utilized as a surfactant for industrial as well as domestic applications, globally. Alkyl phenyl also finds uses as precursors to detergents, components of phenolic resins, additives in fuels and lubricants, and as polymers. They are also found in tires, coatings, adhesive, and high-performance rubber product as a result of 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 urbanization, changing lifestyles and the rise in disposable incomes globally. The end-use sector is led by Bisphenol A, accounting for 48% 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 2020
Historical Period 2016-2020
Forecast Period 2021-2026
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, EMR’s 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 (2016-2020) 
    8.3    Global Phenol Market Forecast (2021-2026)
    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 (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Phenolic Resins
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Caprolactam
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Alkyl Phenols
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        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 (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        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    EMR’s Key Indicators for Demand
    10.4    EMR’s 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 (2016-2020) & Forecast (2021-2026)
    13.2    Europe Historical Price Trends (2016-2020) & Forecast (2021-2026)
    13.3    Asia Pacific Historical Price Trends (2016-2020) & Forecast (2021-2026)
    13.4    Latin America Historical Price Trends (2016-2020) & Forecast (2021-2026)
    13.5    Middle East & Africa Historical Price Trends (2016-2020) & Forecast (2021-2026)
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 (2016-2020) 
        16.1.3    Global Benzene Market Forecast (2021-2026)
        16.1.4    Global Benzene Market by End Use
        16.1.5    Global Benzene Market by Region
        16.1.6    Historical Price Trends (2016-2020) and Forecast (2021-2026)
    16.2    Global Propylene Market Analysis
        16.2.1    Key Industry Highlights
        16.2.2    Global Propylene Historical Market (2016-2020) 
        16.2.3    Global Propylene Market Forecast (2021-2026)
        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 (2016-2020) and Forecast (2021-2026)
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 Figures and Tables

1.    Global Phenol Market: Key Industry Highlights, 2016 and 2026
2.    Global Phenol Historical Market: Breakup by End Use (USD Billion), 2016-2020
3.    Global Phenol Market Forecast: Breakup by End Use (USD Billion), 2021-2026
4.    Global Phenol Historical Market: Breakup by Region (USD Billion), 2016-2020
5.    Global Phenol Market Forecast: Breakup by Region (USD Billion), 2021-2026
6.    North America Phenol Historical Market: Breakup by Country (USD Billion), 2016-2020
7.    North America Phenol Market Forecast: Breakup by Country (USD Billion), 2021-2026
8.    Europe Phenol Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    Europe Phenol Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Asia Pacific Phenol Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Asia Pacific Phenol Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Latin America Phenol Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Latin America Phenol Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Middle East and Africa Phenol Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Middle East and Africa Phenol Market Forecast: Breakup by Country (USD Billion), 2021-2026
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 2016-2026
21.    Europe Historical Price Trends and Forecast 2016-2026
22.    Asia Pacific Historical Price Trends and Forecast 2016-2026
23.    Latin America Historical Price Trends and Forecast 2016-2026
24.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
25.    Global Phenol Market Structure

Key Questions Answered in the Report

In 2020, the global phenol market attained a value of USD 23.17 billion.

In the forecast period of 2021-2026, the market is projected to grow at a CAGR of 5.3%.

By 2026, the market is estimated to reach a value of almost USD 30 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 40%.

The leading end-use segment in the industry is bisphenol A, accounting for 48% 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 volume of 23.17 billion tons in 2020 driven by rising living standards and the growing demand for alkyl phenyl. 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 2021-2026, growing at a CAGR of 5.3%. The industry is projected to reach 30 million tons in 2026.

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, the production of bisphenol A accounted for 48% of the end-uses of phenol in the global market. The major regional markets for phenol are North America, Asia Pacific, Europe, Latin America, and 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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