Global Phenolic Compounds Market, By Application (Epoxy Resins, Polycarbonates, Nylon, Bakelite, Detergents, Phenolic Resins, Pharmaceutical Drugs, Herbicides), Manufacturing Process (Cumene Process, Dow Process, Rasching Hooker Process), End Use (Bisphenol-A, Phenol Formaldehyde Resin, Nylon-KA Oil, PPO/Orthooxylenol, Alkyl Phenol), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Phenolic Compounds Market
The phenolic compounds market is expected to witness market growth at a rate of 6.90% in the forecast period of 2021 to 2028 and is expected to reach USD 39.64 billion by 2028. Data Bridge Market Research report on phenolic compounds market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growing demand from automotive and electronics goods is escalating the growth of phenolic compounds market.
Phenol refers to a white crystalline solid organic chemical which causes chemical burns due to its acidic properties. Phenol is known to be an aromatic hydrocarbon that is utilized as a precursor to manufacture various chemical intermediates including bisphenol A, phenolic resins, caprolactam, andadipic acid and alkyl phenols. Cumene peroxidation process, rasching process, toluene two-stage oxidation process and sulphonation process are the four processes done to manufacture the product. The compound is also used as a raw material in perfumery derivatives, phenolic resins, explosives, pesticides, plastics, surfactants, pharmaceuticals, disinfectants, plywood and laminates and dyes.
The use of phenolic compounds in numerous industrial applications such as production of plastics and explosives including picric acid, manufacturing of drugs and antioxidants, making intense colored dyes, in wood preservatives and in everyday products including mouthwash, liquid detergents, inks, floor cleaners and disinfectants among others act as one of the major factors driving the growth of phenolic compounds market. The increasing rate of construction activities in the residential and commercial domains because of rapid economic development globally and the utilization of resins in the production of plywood, laminated beams and flooring panels accelerate the phenolic compounds market growth. The high usage of phenolic resins in the manufacturing of thermosetting plastics which are further utilized in the production of electrical components including electron tubes, insulators and sockets and the employment of paper phenolics in manufacturing household laminates and paper composite panels and glass phenolics also influence the phenolic compounds market. Additionally, growing research and development activities, commercialization of new catalysts and processes and expansion of manufacturing industries positively affect the phenolic compounds market. Furthermore, technological advancement in the production processes and process design innovations extend profitable opportunities to the phenolic compounds market players in the forecast period of 2021 to 2028.
On the other hand, generation of hazardous waste during production of phenol is expected to obstruct the phenolic compounds market growth. The rise in health and safety concerns associated with phenol derivatives is projected to challenge the phenolic compounds market in the forecast period of 2021 to 2028.
This phenolic compounds market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on phenolic compounds market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Phenolic Compounds Market Scope and Market Size
The phenolic compounds market is segmented on the basis of application, manufacturing process and end use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of application, the phenolic compounds market is segmented into epoxy resins, polycarbonates, nylon, bakelite, detergents, phenolic resins, pharmaceutical drugs and herbicides.
- On the basis of manufacturing process, the phenolic compounds market is segmented into cumene process, dow process and rasching hooker process.
- On the basis of end use, the phenolic compounds market is segmented into bisphenol-A, phenol formaldehyde resin, nylon-KA Oil, PPO/orthooxylenol and alkyl phenol.
Global Phenolic Compounds Market Country Level Analysis
The phenolic compounds market is analyzed and market size, volume information is provided by country, application, manufacturing process and end use as referenced above.
The countries covered in the phenolic compounds market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the phenolic compounds market because of the extensive use of BPA which finds its application in manufacturing polycarbonates and epoxy resins, increasing consumer spending on comfort, rising disposable income, rapid urbanization and demand for furniture, automobiles, household and industrial appliances and agricultural equipment.
The country section of the phenolic compounds market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Phenolic Compounds Market Share Analysis
The phenolic compounds market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to phenolic compounds market.
The major players covered in the phenolic compounds market report are Dow, INEOS, CEPSA, Honeywell International Inc., LG Chem, Shell, KUMHO PETROCHEMICAL, PTT Global Chemical Public Company Limited, Solvay, Novapex, allnex group, IMEXBB, Axiall Corporation, Borealis AG, Chang Chun Group, Versalis S.p.A., Taiwan Prosperity Chemical Corporation, Altivia, Automatic Control Department, Hexion, DOMO CHEMICAL, SABIC, Mitsui Chemicals, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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