Global Market Summary of Phenol

Phenol (C6H5OH), also called carbolic acid is an aromatic organic compound. It is a volatile and white crystalline solid.

This report covers the market outlook and growth prospects of the global Phenol market for 2018-2023. The global Phenol market was valued at US$ 16 billion in 2018, growing at a CAGR of more than 3.4 % during 2012-2018. Currently, Europe is the leading producer as well as consumer of phenol.

Phenol is widely deployed in a number of applications such as bisphenol-A, phenol-formaldehyde resins, agrochemicals, alkylphenol, pharmaceuticals, etc. Amongst these, bisphenol A & Phenol formaldehyde resin dominate the market.

Phenol formaldehyde resin is one of the growing markets for Phenol because of rapid economic growth and increasing construction activities in the residential and commercial sectors. Looking forward, the global phenol market is anticipated to touch US$ 19 billion by 2023, at a CAGR of 4 % for the forecast period 2018-2023.

Around 52% of total phenol demand is clustered in Europe and China. Region-wise, the market has been segmented into Africa, Europe, North America, Middle East, South America, Indian Sub- Continent, South East Asia, North East Asia, China and Australia.

The competitive landscape of the market has also been examined with some of the key players being INEOS Phenol, Kumho Chemicals, Shell Chemical, Honeywell and Cepsa Quimica.

This report covers the global scenario on Phenol Industry, Region-wise Supply Demand Analysis and Future Demand Projections for above mentioned regions. For the Indian scenario this report covers major producers, Supply, Demand, Market Drivers and Future Projection.