London, UK (PRWEB) December 24, 2014
The Asia-Pacific region dominates the global phenol market in terms of capacity and consumption; it is followed by Europe and North America. The phenol consumption in the region is forecast to amount to more than 6 million tonnes by 2017. Meanwhile, the phenol demand in other regions is likely to decrease, given the low demand for bisphenol-A, main phenol derivative, and high feedstock prices.
The USA is the world’s largest phenol producer, with China, Japan and Taiwan lagging behind. Ineos, Mitsui Chemicals, SINOPEC, Cepsa Quimica, LG Chem and Shell Chemical are among the leading phenol manufacturers today.
In 2013, 50% of the phenol output was consumed in bisphenol-A production sector. The other important application areas included phenolic resins and caprolactam, which accounted for 26% and 12% of the total phenol consumption.
The global market for phenol is predicted to register stable YoY growth, with the Asia-Pacific region remaining the major phenol consumer wordwide. The world phenol demand is anticipated to total over 11.25 million tonnes by 2017. Meantime, Europe and North America are likely to show moderate rise in terms of the phenol demand during the reviewed period.
Nowadays, phenol producers in the Asia-Pacific region, primarily in China, tend to minimize phenol imports by adding new capacities in the region. The installment of new facilities in China will provoke the growth of phenol capacities in the Asia-Pacific region by around 2 million tonnes through 2017. Besides, this will likely lead to the decline of phenol capacities in Europe and North America, as China is the main phenol importer from these regions.
In-demand research study “Phenol: 2014 World Market Outlook and Forecast up to 2018” prepared by Merchant Research & Consulting Ltd is now available at mcgroup.co.uk
Title: Phenol: 2014 World Market Outlook and Forecast up to 2018
Published: October, 2014
Price: US$ 4,500.00
The topical report provides an insightful overview of the phenol market globally and by key regions and countries. It reviews the phenol production process and describes its main characteristics and application spheres. Additionally, the study examines the phenol global capacities, consumption and production, analyses the main downstream markets and investigates the phenol trade dynamics and prices fluctuations. Furthermore, the report presents wealth of data on the main producers and companies, including details on their business segmentation, product specification, manufacturing technology, plants and capacities. Future prospects for the phenol market up to 2018 are also overviewed in the study.
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