Phenol Market Growth Rate by Types and Applications 2018 to 2025
PUNE, India, August 27, 2018 /PRNewswire-iReach/ -- Global Phenol Market Study 2018 to 2025
This market study describes the global Phenol market, with focus on major countries and their subsequent demand for different applications. The study covers demand analysis for regions like North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific and Middle East & Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Russia, Poland, Czech Republic, Turkey, China, Japan, India, South Korea, Taiwan, Indonesia, Thailand, Malaysia, Singapore, Brazil, South Africa and Saudi Arabia.
The market is segmented mainly according to the applications such as Bisphenol-A, Phenolic Resins, Nylons, Alkylphenols, Phenylene Oxide and Others.
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Top Leading Companies are: INEOS, CEPSA Quimica, Polemeri Europa, Novapex, Borealis Group, Kumbho P&B Chemicals, DOMO Caproleuna, PKN Orlen, Kazanorgsintez, Ufaorgsintez, Mitsui Chemicals, Solvay, Qingdao Hisea Chem, Solventis, Royal Dutch Shell, LG Chem, Formosa Chemicals & Fibers Corporation, PTT Phenol, Sinopec Group, Other Manufacturers, Etc.
The report provides answers to the following key questions:
- How big is the Phenol market?
- How is the market evolving by demand, segment and region?
- What will the market size be in 2025 and at what rate will it grow?
- What trends, challenges and barriers are influencing its growth?
- Historical and future price trends for Phenol.
This independent 150 pages report guarantees you will remain better informed than your competition. With over 100 tables and figures examining the Phenol market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2025.
Furthermore, the report provides a detailed analysis of the global Phenol market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.
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Phenol is a white crystalline solid which is volatile in nature. Most important application of Phenol is to produce bisphenol-A (BPA) which is a precursor for making one the most widely used engineering plastic, polycarbonate. Almost half of the global phenol is consumed for the production of BPA and the market is impacted by the sentiments observed in the polycarboante industry from time to time. There is a global shift of phenol production since past decade where China has drastically increased its petrochemical production in order to minimize its dependency on other countries. BPA accounts for the biggest market for Phenol followed by phenolic resins. Other applications include nylons, alkylphenols, phenylene oxide and others. Globally, the phenol demand has improved owing to improvement in the general economic condition and increase in the construction and housing sector.
According to Prismane Consulting’s phenol market model, most of the capacities are situated in North America, Western Europe and East Asia. Ineos is the largest producer of phenol with facilities in Europe, Asia and rest of the world. The regional demand for phenol consumption has shifted from being fairly balanced in 2005 among major region to being skewed towards Asia-Pacific in 2017. Similar trend has been observed in the import export scenario where Asia-Pacific largely on account of China is becoming a leader in trade. The small facilities and companies in China extract phenol from coal tar.
More than 75% of the total Phenol demand in Asia-Pacific is from BPA and Phenolic resins. This shift of balance in trade has forced North American phenol producers to rationalize the capacity in order to maintain a competitive price in the market and to avoid the losses.
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