Asia-Pacific to Lead Global Phenol Market in Next Few Years, States Merchant Research & Consulting in its Topical Study

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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. According to the report, the APAC region is poised to lead the worldwide phenol market in the next few years.

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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

Report Details:

Title: Phenol: 2014 World Market Outlook and Forecast up to 2018
Published: October, 2014
Pages: 203
Price: US$ 4,500.00
http://mcgroup.co.uk/researches/phenol

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.

Reasons to Buy:

  • Obtain unique information on the phenol market performance by main regions and countries.
  • Support sales activities by understanding the competitors’ business strategies.
  • Updated information on the phenol market helps to track the latest market dynamics.
  • Formulate effective business strategies based on an all-round examination of the market.
  • Receive access to data on the phenol production, consumption, capacities and foreign trade.
  • The forecast figures for the phenol market assists in identifying investment opportunities.
  • Gain key insights into the phenol market development till 2018.

More research reports by the publisher can be found at Merchant Research & Consulting page.

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Alena Amberly
@Market_Reports
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