Phenol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

$ 1799

The global phenol market size was estimated to be more than US$ 19 Billion in 2017, registering a CAGR of 4.3% during the 2010-2017. The market value is further anticipated to exceed US$ 27 Billion by 2023, at a CAGR of 5.6% during 2018-2023. Phenol or phenolic acid (C6H5OH) is an aromatic organic compound. It is a toxic, colorless crystalline solid which is commonly used as a disinfectant and antiseptic. In comparison to other hydrocarbons with similar molecular weight, phenol is more soluble in water due to its stronger hydrogen bonding. It majorly finds applications in household products like detergents; as an intermediate or precursor for synthesizing several chemical compounds; and as a derivative in the production of nylon, herbicides, epoxies, cosmetics, etc.

Global Phenol Market Drivers:

  • 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.

Phenol Market Value Trends

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 share. 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 and alkyl phenyls.

Regional Insights:

On a geographical front, Asia Pacific enjoys the leading position in the global phenol market on account 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 and Fibers
  • Kumho P & B Chemicals

The report provides a comprehensive insight into the global phenol industry including market break-up by region, market breakup by end-uses, SWOT analysis, Porter’s five forces analysis, value chain analysis, import and export trends, key players and market outlook. The report also gives an insight into the manufacturing process of phenol covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials requirements, etc.

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

1 Preface
2 Research Methodology
3 Executive Summary
4 Introduction

    4.1 Overview
    4.2 Properties
5 Global Phenol Industry
    5.1 Market Overview
    5.2 Market Performance
        5.2.1 Volume Trends
        5.2.2 Value Trends    
    5.3 Price Trends
    5.4 Market Breakup by Region
    5.5 Market Breakup by End Use
    5.6 Market Forecast
    5.7 SWOT Analysis
        5.7.1 Strengths
        5.7.2 Weaknesses
        5.7.3 Opportunities
        5.7.4 Threats
    5.8  Value Chain Analysis
    5.9  Porter’s Five Forces Analysis
        5.9.1 Overview
        5.9.2 Bargaining Power of Buyers
        5.9.3 Bargaining Power of Suppliers
        5.9.4 Degree of Competition
        5.9.5 Threat of New Entrants
        5.9.6 Threat of Substitutes
    5.10 Trade Data
        5.10.1 Imports
        5.10.2 Exports
    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
7 Market by End Use
    7.1 Bisphenol A
    7.2 Phenolic Resins
    7.3 Caprolactam
    7.4 Alkyl Phenyls
    7.5 Other Applications
8 Competitive Landscape
    8.1 Competitive Structure
    8.2 Production Capacities of Key Players
    8.3 Key Player Profiles
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
        10.1.1 Market Performance Volume Trends Value Trends
        10.1.2 Price Trends
        10.1.3 Market Breakup by Region
        10.1.4 Market Breakup by End-Use
        10.1.5 Key Suppliers
    10.2 Propylene
        10.2.1 Market Performance
   Volume Trends
    Value Trends
        10.2.2  Price Trends
        10.2.3  Market Breakup by Region
        10.2.4  Market Breakup by End-Use
        10.2.5  Key Suppliers

List of Figures

Figure 1: Global: Phenol Industry Overview
Figure 2: Global: Phenol Market: Consumption Volume Trends (in Million Tons), 2010 - 2017
Figure 3: Global: Phenol Market: Consumption Value Trends (in Million US$), 2010 - 2017
Figure 4: Global: Phenol Price Trends (in US$/Ton), 2010 - 2023
Figure 5: Global: Phenol Market: Breakup by Region (in %), 2017
Figure 6: Global: Phenol Market: Breakup by End-Use (in %), 2017
Figure 7: Global: Phenol Market Forecast: Consumption Volume Trends (in Million Tons), 2018-2023
Figure 8: Global: Phenol Market Forecast: Consumption Value Trends (in Million US$), 2018-2023
Figure 10: Global: Phenol Industry: SWOT Analysis
Figure 11: Global: Phenol Industry: Value Chain Analysis
Figure 12: Global: Phenol Industry: Porter’s Five Forces Analysis
Figure 13: Global: Phenol Market: Import Volume Breakup by Country (in %)
Figure 14: Netherlands: Phenol Market: Import Volume Trend (in ‘000 Tons)
Figure 15: Global: Phenol Market: Export Volume Breakup by Country (in %)
Figure 16: Belgium: Phenol Market: Export Volume Trend (in ‘000 Tons)
Figure 17: Asia Pacific: Phenol Market (in Tons), 2010, 2017 & 2023
Figure 18: Europe: Phenol Market (in Tons), 2010, 2017 & 2023
Figure 19: United States: Phenol Market (in Tons), 2010, 2017 & 2023
Figure 20: Middle East and Africa: Phenol Market (in Tons), 2010, 2017 & 2023
Figure 21: Latin America: Phenol Market (in Tons), 2010, 2017 & 2023
Figure 22: Global: Phenol Market: Bisphenol A (in Tons), 2010, 2017 & 2023
Figure 23: Global: Phenol Market: Phenolic Resins (in Tons), 2010, 2017 & 2023
Figure 24: Global: Phenol Market: Caprolactam (in Tons), 2010, 2017 & 2023
Figure 25: Global: Phenol Market: Alkyl Phenyls (in Tons), 2010, 2017 & 2023
Figure 26: Global: Phenol Market: Other Applications (in Tons), 2010, 2017 & 2023
Figure 27: Phenol Manufacturing Process: Detailed Process Flow
Figure 28: Phenol Manufacturing Process: Conversion Rate of Feedstocks
Figure 29: Global: Benzene Market: Consumption Volume Trends (in Million Tons), 2010-2017
Figure 30: Global: Benzene Market: Value Trends (in Million US$), 2010-2017
Figure 31: Global: Benzene Market: Price Trends (in US$/Ton), 2010-2017
Figure 32: Global: Benzene Market: Breakup by Region (in %)
Figure 33: Global: Benzene Market: Breakup by End-Use (in %) 
Figure 34: Global: Propylene Market: Consumption Volume Trends (in Million Tons), 2010-2017
Figure 35: Global: Propylene Market: Value Trends (in Million US$), 2010-2017 
Figure 36: Global: Propylene Market: Price Trends (in US$/Ton), 2010-2017
Figure 37: Global: Propylene Market: Breakup by Region (in %)
Figure 38: Global: Propylene Market: Breakup by End-Use (in %)  


List of Tables

Table 1: Phenol: Physical Properties
Table 2: Phenol: Chemical Properties
Table 3: Global: Phenol Market: Key Industry Highlights, 2017 and 2023
Table 4: Global: Phenol Market Forecast: Breakup by Region, 2018 – 2023
Table 5: Global: Phenol Market: Imports by Major Countries
Table 6: Global: Phenol Market: Exports by Major Countries
Table 7: Global: Phenol: Capacities of Major Manufactures (in Tons)
Table 8: Phenol Manufacturing process: Raw Materials Requirements
Table 9: Phenol Manufacturing process: Chemical Reactions Involved 
Table 10: Global: Benzene and Propylene Major Suppliers

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