Press release
Global Phenol Market Outlook : Share, Size, Growth, Price Trends, Industry Analtysis, And Research Report 2017 - 2022
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Being inexpensive, phenol has diverse applications in numerous industries. Traditionally, it was used as an antiseptic and in carbolic soaps. Nowadays, it is used in the manufacture of packaging, coatings and adhesives, automotive, agrochemicals, paints, textiles, food, construction, pharmaceuticals, etc. About two-thirds of the production of phenol is consumed in conversion to precursors for other chemicals, plastics and other materials. The derivatives of phenol are also used in the production of certain cosmetics like hair dyes, sunscreens, skin lightening creams, etc. According to a new report by Expert Market Research, the global phenol market reached a volume of 11.4 Million Tons in 2016 and is further expected to reach 14.2 Million Tons by 2022.
The production of phenol, during 2009-2016, has witnessed a significant growth. Bisphenol A, which is a derivative of phenol is used in epoxy resins for automobiles, paints, coatings and mouldings, electrical appliances, etc. The polymerisation of phenol with formaldehyde forms phenol-resins or phenol-formaldehyde resins which are utilized in the manufacture of Bakelite which is used in electrical equipment. As a result of commercialisation of phenolic resins, the demand of phenol is increasing. Caprolactam, an intermediate of phenol, is used in the manufacture of nylon and polyamide. These applications have significantly increased the global demand for phenol in the past several years. Moreover, rising population, increasing disposable incomes, along with a strong demand from emerging markets are some of the other factors that have facilitated the market growth.
Key findings from the report:
The major end-uses of phenol include bisphenol A (BPA), phenolic resins, caprolactum and others.
Region-wise, Asia-Pacific dominated the market with a share of more than a fifth of the total global production in 2016. It was followed by Europe and US.
The global phenol market is surrounded by a number of players. Some of these players include Ineos Phenol, Mitsui Chemicals, Cepsa Quimica, Kumho P & B Chemicals, and LG Chemicals.
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Expert Market Research has analysed the global phenol market according to end-use, major regions and top players:
Market breakup by End-use
Bisphenol A (BPA)
Phenolic Resins
Caprolactam
Others
Market breakup by Region
Asia-Pacific
Europe
US
Top Players
Ineos Phenol
Mitsui Chemicals
Cepsa Quimica
Kumho P & B Chemicals
LG Chemicals
Browse more reports on chemical & material research @ http://www.expertmarketresearch.com/categories/chemicals-market-reports
About Expert Market Research
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
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