- The global phenol market is undergoing a steady transformation, driven by increased consumption in high-growth end-use industries and the shift toward more sustainable manufacturing processes
- Key players are investing in production capacity expansions and technological innovations to meet rising global demand and comply with tightening environmental regulations
- Asia-Pacific dominated the phenol market with the largest revenue share in 2024, primarily driven by high production capacities and strong demand from the construction, automotive, and electronics sectors
- North America region is expected to witness the highest growth rate in the global phenol market, driven by rising demand for polycarbonates and epoxy resins across industries such as automotive, construction, and consumer electronics
- The bisphenol-A segment held the largest market revenue share of 44.6% in 2024, driven by its widespread usage in manufacturing polycarbonates and epoxy resins. The growing demand from sectors such as automotive, construction, and electronics continues to strengthen the need for bisphenol-A, which directly propels phenol consumption. This segment is further supported by the high thermal and chemical stability offered by BPA-derived products, especially in demanding industrial applications
