“growing use of bisphenol-A in the production of polycarbonates and epoxy resins”
- The global phenol derivatives market is witnessing rising demand due to the growing use of bisphenol-A in the production of polycarbonates and epoxy resins, especially in automotive and electronics industries that require durable, lightweight materials.
- Environmental regulations are pushing manufacturers to innovate greener, low-emission phenol derivatives. Sustainable production methods, including bio-based feedstocks, are being adopted to meet environmental standards and consumer expectations for safer, eco-friendly materials.
For instance,
- In April 2024, LG Chem (South Korea) announced expanded production of eco-friendly bisphenol-A for EV battery components. This move supports the growing shift toward sustainable phenol derivative applications, particularly in the Asian electric mobility market, which demands high-performance, low-emission materials across automotive and electronics sectors.
- The pharmaceutical and personal care sectors are also increasingly utilizing phenol derivatives like salicylic acid, driven by demand for pain relievers, antiseptics, and skincare products across emerging economies with rising healthcare expenditures.
- Asia-Pacific is witnessing fast growth due to expanding construction and electronics manufacturing in China, India, and Southeast Asia. These regions are becoming major consumption hubs, backed by strong industrial infrastructure and low production costs.
- Digitalization and smart manufacturing are further driving demand for high-performance phenolic resins used in 5G equipment, electric vehicles, and advanced composite materials.
