AP NEWS
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Phenol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast (2019-2024) - ResearchAndMarkets.com

February 28, 2019

DUBLIN--(BUSINESS WIRE)--Feb 28, 2019--The “Phenol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The global phenol market reach nearly US$ 20 Billion in 2018, registering a CAGR of 3.4% during the 2011-2018. The market value is further anticipated to reach US$ 28.4 Billion by 2023, growing at a CAGR of 5.2% during 2019-2024.

Phenol finds applications as an industrial cleaner for machinery parts and electronic devices; as a starting material for plastics and explosives such as picric acid; as a raw material in the manufacturing of drugs and antioxidants; for making intense colored dyes; as a basic material in wood preservatives such as creosote; and in everyday products such as mouthwash, liquid detergents, inks, floor cleaners, disinfectants, etc.

Rapid economic development across the world has majorly contributed to the increased construction activities in the residential and commercial domains. This has propelled the market growth as phenolic resins are used in the production of plywood, laminated beams and flooring panels.

Phenolic resins also find wide applications in the manufacturing of thermosetting plastics which are extensively utilized in the production of electrical components such as electron tubes, insulators and sockets. Apart from this, paper phenolics are employed in manufacturing household laminates and paper composite panels; and glass phenolics are suitable in the high-speed bearing market.

Over the past decade, improvements have been made in the production technology of phenol. New catalysts and processes have been commercialized for manufacturing cumene via alkylation of benzene with propylene. Recent process design innovations have further been used for the cumene hydroperoxide route that remains the preferred method for manufacturing phenol. These efforts have been directed at improving yield, and process costs and safety for the preparation of phenol in order to meet the growing demand for phenolic resins.

Breakup by End-Use

Based on end-use, the report finds that bisphenol A (BPA) currently represents the largest segment of phenol and accounts for around a half of the total global market. BPA finds vast applications in the production of epoxy resins and polycarbonate which are further used for manufacturing food and beverage containers, medical devices, electronic equipment, household appliances, automotive parts, etc. BPA is followed by phenolic resins, caprolactam, alkyl phenyls and others.

Regional Insights

On a geographical front, Asia Pacific enjoys the leading position in the global phenol market on account of increasing production and consumption of phenol in China. Besides this, a rise in the purchasing power of the consumers has escalated investments in the chemical, automotive and construction industries, thereby fueling the demand for phenol. Asia Pacific is followed by Europe, United States, Middle East and Africa, and Latin America.

Competitive Landscape

The phenol market is fragmented with the presence of several large and small manufacturers who compete in terms of quality and prices. Some of the biggest players operative in the market are:

  • Ineos Phenol
  • Cepsa Quimica
  • Mitsui Chemicals
  • Formosa Chemicals & Fibers
  • Kumho P & B Chemicals

The essential aspects of the global phenol market evaluated in the report include:

  • Market trends
  • Key regions
  • Major end-use segments
  • Key manufacturers
  • Price trends
  • Raw material requirements
  • Chemical reactions involved in the manufacturing process
  • Major importers and exporters
  • Value chain analysis
  • Market trends for major feedstocks
  • Price trends for major feedstocks
  • Key regions for major feedstocks
  • Key end-use segments for major feedstocks
  • Key suppliers for major feedstocks

Topics Covered

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.4 Market Estimation

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Physical and Chemical Properties

4.3 Key Industry Trends

5 Global Phenol Industry

5.1 Market Overview

5.2 Market Performance

5.3 Price Analysis

5.4 Market Breakup by Region

5.5 Market Breakup by End-Use

5.6 Market Forecast

5.7 SWOT Analysis

5.8 Value Chain Analysis

5.9 Porter’s Five Forces Analysis

5.10 Trade Data

5.11 Key Market Drivers and Success Factors

6 Performance of Key Regions

6.1 Asia Pacific

6.2 Europe

6.3 United States

6.4 Middle East and Africa

6.5 Latin America

6.6 Others

7 Market by End-Use

7.1 Bisphenol A

7.2 Phenolic Resins

7.3 Caprolactam

7.4 Alkyl Phenyls

7.5 Others

8 Competitive Landscape

8.1 Competitive Structure

8.2 Production Capacities of Key Players

8.3 Profiles of Key Players

8.3.1 INEOS Phenol

8.3.2 Cepsa Quimica S.A.

8.3.3 Mitsui Chemicals

8.3.4 Formosa Chemicals & Fiber

9 Phenol Manufacturing Process

9.1 Product Overview

9.2 Chemical Reactions Involved

9.3 Manufacturing Process

9.4 Detailed Process Flow

9.5 Raw Material Requirement

9.6 Mass Balance and Feedstock Conversion Rates

10 Phenol Feedstock Market Analysis

10.1 Benzene

10.2 Propylene

For more information about this report visit https://www.researchandmarkets.com/research/bj5z6x/phenol_market?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190228005516/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Solvents

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/28/2019 08:28 AM/DISC: 02/28/2019 08:28 AM

http://www.businesswire.com/news/home/20190228005516/en