Phenol Derivatives Business Accounted Multibillion Dollar Business Market Report With Major Market Competitors Like OW Chemical Company, SABIC, Mitsui Chemicals, INEOS, CEPSA, Honeywell International

Phenol Derivatives Market accounted for USD 6.7 billion in 2016 and are projected to grow at a CAGR of 5.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

In organic chemistry, phenols, sometimes called phenolics, are a class of chemical compounds consisting of a hydroxyl group (—OH) bonded directly to an aromatic hydrocarbon group. The simplest of the class is phenol, C6H5OH. Phenolic compounds are classified as simple phenols or polyphenols based on the number of phenol units in the molecule.

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Phenol is a white and volatile chemical substance gained from coal tar. It is also called as carbolic acid and is in organic form and soluble in water. Its derivatives are beneficial in flavouring. Rising demand from end-use industries may act as the major driver in the growth of phenol derivatives market. On the other side, generation of hazardous waste during production of phenol may hamper the market.
Phenol derivatives market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Phenol Derivatives Market Competitors:
• Dow Chemical Company
• SABIC, Mitsui Chemicals
• INEOS
• CEPSA
• Honeywell International
• LG Chem
• Shell
• KUMHO PETROCHEMICAL
• PTT Global Chemical Public Company Limited Solvay
• Chang Chun Group
• Versalis S.p.A.
• Taiwan Prosperity Chemical Corporation
• Altivia
• Automatic Control Department
• Hexion
• DOMO CHEMICAL
• Novapex
• Allnex group
• IMEXBB
• Axiall Corporation
• Borealis AG and others.

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Market Segmentation: Global Phenol Derivatives Market
On the basis of raw material, global phenol derivatives market is segmented into silver, copper & alloys, and zinc.

On the basis of technology, global phenol derivatives market is segmented into cumene peroxidation process, raschig process, toluene two stage oxidation process, and sulphonation process.
On the basis of derivative, the global phenol derivatives market is segmented into bisphenol-a, phenolic resin, caprolactam, alkylphenol, and other derivatives. The bisphenol-a segment is further sub segmented into polycarbonate, epoxy resin. The polycarbonate segment is further sub segmented into optical media, automotive, and electrical & electronic appliances. The epoxy resin is further sub segmented into marine, can coating, and others. The phenolic resin segment is further sub segmented into bakelite, and others. The bakelite segment is further sub segmented into coating industry, and adhesives. The caprolactam segment is further sub segmented into nylon fiber. The nylon fiber segment is further sub segmented into textile/fabric, and industrial yarn. The alkylphenol segment is further sub segmented into detergents, and additives. The other derivatives segment is further sub segmented into aminophenol, and cresol. The aminophenol segment is further sub segmented into dye, and pharmaceutical drugs. The cresol segment is further sub segmented into antioxidants, and pesticides.

On the basis of geography, the global phenol derivatives market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Major Market Drivers:
• Increasing demand from Asia-Pacific region
• Rising demand from end-use industries
• Growth in wind energy sector
• Generation of hazardous waste during production of phenol

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