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Phenol Crystal Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Phenol Crystal Market SizeAccording to new survey, global Phenol Crystal market is projected to reach US$ 1961.4 million in 2029, increasing from US$ 1465.8 million in 2022, with the CAGR of 4.3% during the period of 2023 to 2029.
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Phenol Crystal Market
The Phenol Crystal market has been experiencing significant growth in recent years. Phenol crystals, also known as phenolic crystals, are a solid form of phenol that is widely used in various industries such as plastics, pharmaceuticals, resins, and adhesives.One of the key drivers of the Phenol Crystal market is the increasing demand for phenolic resins in the automotive and construction sectors. Phenolic resins, which are derived from phenol crystals, are known for their excellent heat resistance, electrical insulation properties, and mechanical strength. These properties make them suitable for various applications such as molded parts, laminates, coatings, and adhesives.Additionally, the growing awareness and adoption of sustainable and eco-friendly materials have also contributed to the market growth. Phenol crystals are derived from petrochemical sources, but efforts are being made to develop bio-based alternatives to reduce the environmental impact.
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Segment by Type
• ＞98%
• ＜98%
Segment by Application
• Pharmaceutical Industry
• Chemical Industry
• Agricultural Industry
• Way Industry
• Other
By Company
Sinopec and Mitsui, Chang Chun Group, Kumho PandB, PTT Phenol, Formosa, Taiwan Prosperity, LG Chem, Mitsubishi Chemical, Borealis Polymers, Versalis
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