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The United States phenol market size attained a volume of 3.31 million tons in 2023. The market is further projected to grow at a CAGR of 3.4% between 2024 and 2032, reaching a volume of 4.49 million tons by 2032.
The increasing demand for phenol in various industries such as plastics, composites, and laminates is driving the market growth. For instance, phenol is used in the production of phenolic resins, which are widely used in the manufacturing of plywood, laminated beams, and flooring panels. The growing construction activities around the world are expected to boost the demand for phenolic resins, thereby driving the United States phenol market growth.
The use of phenol as a disinfectant and cleaner for electronic devices and machinery parts is fuelling the market growth. The increasing usage of phenols in everyday products such as mouthwash, disinfectants, inks, liquid detergents, and floor cleaners is also contributing to the market’s expansion. For instance, Lysol, a well-known brand of disinfectants, uses phenol as a key ingredient in its products.
The increasing demand for phenol and phenol derivatives from chemical and pharmaceutical sectors is expected to accelerate the United States phenol market share. phenol is used as a feedstock for a wide range of compounds and derivatives. For instance, phenol is used in the production of aspirin, paracetamol, and other painkillers.
Phenolic resins are a significant segment, with a growing demand from various industries such as plastics, composites, and laminates. The cumene process is the most common technology used for manufacturing phenol, which is used in the production of phenolic resins.
Meanwhile, BPA is primarily used for manufacturing epoxy resins and polycarbonate, which are high-performing materials used in consumer electronics and industrial applications. The growing demand for BPA is expected to boost the market over the forecast period. Furthermore, the increasing demand for nylon for manufacturing technical textiles, carpets, and other applications is expected to drive the growth of the caprolactam segment during the forecast period.
United States Phenol Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Region
Market players are focusing on expanding their production capacity and investing in research and development activities to develop new and innovative phenol-based products.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Phenol Market Overview
8.1 Key Industry Highlights
8.2 North America Phenol Historical Market (2018-2023)
8.3 North America Phenol Market Forecast (2024-2032)
8.4 North America Phenol Market Share by Country
8.4.1 United States
8.4.2 Canada
9 United States Phenol Market Overview
9.1 Key Industry Highlights
9.2 United States Phenol Historical Market (2018-2023)
9.3 United States Phenol Market Forecast (2024-2032)
10 United States Phenol Market by Product Type
10.1 Phenolic Resin
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Bisphenol A
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Caprolactam
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 United States Phenol Market by Region
11.1 New England
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Mideast
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Great Lakes
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Plains
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Southeast
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Southwest
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Rocky Mountain
11.7.1 Historical Trend (2018-2023)
11.7.2 Forecast Trend (2024-2032)
11.8 Far West
11.8.1 Historical Trend (2018-2023)
11.8.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Trade Data Analysis (HS Code – 2907)
14.1 Major Exporting Countries
14.1.1 By Value
14.1.2 By Volume
14.2 Major Importing Countries
14.2.1 By Value
14.2.2 By Volume
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 INEOS AG
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Mitsubishi Chemical Group Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Honeywell International Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Shell PLC
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Solvay SA
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 ALTIVIA
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 AdvanSix Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Capital Resin Corporation
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 SI Group, Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Phenol Market: Key Industry Highlights, 2018 and 2032
2. United States Phenol Market: Key Industry Highlights, 2018 and 2032
3. United States Phenol Historical Market: Breakup by Product Type (Million Tons), 2018-2023
4. United States Phenol Market Forecast: Breakup by Product Type (Million Tons), 2024-2032
5. United States Phenol Historical Market: Breakup by Region (Million Tons), 2018-2023
6. United States Phenol Market Forecast: Breakup by Region (Million Tons), 2024-2032
7. Major Exporting Countries by Value
8. Major Importing Countries by Value
9. Major Exporting Countries by Volume
10. Major Importing Countries by Volume
11. United States Phenol Market Structure
In 2023, the market attained a volume of 3.31 million tons.
The market is expected to grow at a CAGR of 3.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 4.49 million tons.
The popularity of phenol-based products in sectors such as automotive, construction, electronics, and healthcare has fuelled the demand for phenol in the region.
Key trends aiding the market expansion include increasing demand for phenol from the electronics industry, presence of many chemical manufacturing facilities, and favourable government policies.
Regions considered in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
Based on product type, the market segmentations include phenolic resin, bisphenol A, and caprolactam, among others.
Key players in the market are INEOS AG, Mitsubishi Chemical Group Corporation, Honeywell International Inc., Shell PLC, Solvay SA, ALTIVIA, AdvanSix Inc., Capital Resin Corporation, and SI Group, Inc., among others.
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