Phenol Derivatives Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Benzene, Propylene, Toluene), By Derivative (Bisphenol A, Phenolic resins, Caprolactam, Alkyl Phenol and Adipic Acid), By Application (Electronics, Textile Fiber, Construction, Automotive, Laminates, Insulation, Paints & Coatings, Additives, and Others), By Region, and Compet
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationPhenol Derivatives Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Benzene, Propylene, Toluene), By Derivative (Bisphenol A, Phenolic resins, Caprolactam, Alkyl Phenol and Adipic Acid), By Application (Electronics, Textile Fiber, Construction, Automotive, Laminates, Insulation, Paints & Coatings, Additives, and Others), By Region, and Compet
As of Nov 2022, the world population has reached over 8 million.
Due to the growing number of applications across a range of sectors like automotive, electronics, paints & coatings, etc. Global Phenol Derivates Market will face massive capacity utilization during the forecast period. Phenol and its Derivates have captured a considerable market share in the consumption of intermediates used for the industrial synthesis of a broad spectrum of chemicals. Phenol derivatives exhibit some antique characteristics such as flexibility, durability, spotless coatings, and solid plasticizing effect, which makes them highly favorable to be utilized as intermediates for producing various significant end products. Asia-Pacific Region will likely dominate the Global Phenol Derivates market owing to the substantial capital investments to boost production levels and reduce import dependency from western countries. Although the COVID-19 crisis has adversely affected the trade of various chemical products, including Phenol Derivatives, due to strict lockdown imposed by the government and reduced utilization of end-products made from Phenol Derivatives, the maturation in the market is occurring at an even higher CAGR than before pandemic was arrived due to solid recovery strategies adopted by market players.
Increasing Population and Urbanization to Propel the Market Growth
As per the data released by OICA (Organization Internationale des Constructeurs d’ Automobiles), the production of light commercial vehicles has escalated by around 10% in the APAC region
Extensive Applications in Medical Devices, Food, and Drink Packaging
Massively, products used in the medical, food, and packaging industries require extensive usage of Phenol Derivatives due to their property of withstanding extreme heat conditions and resistance to other abrasions. Bisphenol-A, one of the significant chemical segments derived from Phenol, is extensively used in the manufacturing of Polycarbonates which is used as an actual application in safety equipment, headlights, food & drink, and packaging, etc.
Recent Trends and Developments
Honeywell UOP has rented its UOP Q-Max Phenol 3G and Evonik MSHP technologies to Lotte GS Chemical Corporation to ramp the production of Phenol and its derivatives beyond 565,000 metric tons per annum at its petrochemical complex facility located in Yeosu, South Korea.
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Market Segmentation
The global Phenol Derivatives Market is segmented based on Product, Derivative, Application, and Regional distribution. Based on Product, the market is further segmented into Benzene, Propylene, and Toluene. Based on Derivative, the market is divided into Bisphenol A, Phenolic resins, Caprolactam, Alkyl Phenol, and Adipic Acid. Based on Application, the market is fragmented into Electronics, Textile Fiber, Construction, Automotive, Laminates, Insulation, Paints & Coatings, Additives, and Others. The market analysis also studies the regional segmentation divided among the North American, European, Asia-Pacific, South American, Middle East & African regions.
Market Players
The Dow Chemicals Company, INEOS Group Limited, Saudi Arabia Basic Industries Corporation, LG Chem Ltd., Honeywell International Inc., Mitsubishi Chemical Corporation, Midas Pharma GmbH, Royal Dutch Shell Plc, Solvay S.A., Zaozhuang Hailong Chemical are some of the major market players in Global Phenol Derivatives Market
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Attribute |
Details |
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Base Year |
2022 |
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Historical
Years |
2018 – 2021 |
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Estimated
Year |
2022 |
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Forecast
Period |
2023 – 2028 |
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Quantitative
Units |
Revenue in USD
Million, Volume in Million tonnes, and CAGR for 2018-2022 and 2023E-2028F |
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Report
Coverage |
·
Revenue forecast, company share, competitive landscape, growth
factors, and trends |
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Segments
Covered |
·
Product ·
Derivative ·
Application |
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Regional
Scope |
North America; Europe; Asia
Pacific; South America; Middle East & Africa |
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Country
Scope |
United States, Mexico, Canada, Netherlands, Belgium, Germany,
Spain, United Kingdom, China, South Korea, Taiwan, Japan, India, Singapore, Brazil,
Colombia, Argentina, South Africa, Saudi Arabia, UAE, Qatar |
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Key
Companies Profiled |
The Dow Chemicals Company, INEOS Group Limited, Saudi
Arabia Basic Industries Corporation, LG Chem Ltd., Honeywell International
Inc., Mitsubishi Chemical Corporation, Midas Pharma GmbH, Royal Dutch Shell
Plc, Solvay S.A., Zaozhuang Hailong Chemical |
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Customization
Scope |
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope. |
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Pricing and
Purchase Options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery
Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request) |
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