The new report by Expert Market Research titled, ‘Global Phenol Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global phenol market, assessing the market based on its segments like end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
Request a free sample copy in PDF or view the report summary@
https://www.expertmarketresearch.com/reports/phenol-market-report/requestsample
The key highlights of the report include:
Market Overview (2021-2026)
- Historical Market Size (2020): USD 23.17 Billion
- Forecast CAGR (2021-2026): 5.3%
- Forecast Market Size (2026): USD 30 Billion
The global phenol market is driven by the wide range application and commercial viability of phenols. The rapidly growing infrastructure and construction activities has created the demand for plywood, laminated beams and flooring panels thus increasing the consumption of phenolic resin. Additionally, the research and development (R&D) for finding new methods to increase the yield and quality of phenol production, thereby reducing production cost will aid the growth of the market. Further, due to demand for sustainable energy the development in turbine industry will increase the demand for epoxy resins thus propelling the growth of phenol market in the forecast period.
Industry Definition and Major Segments
Phenol is an aromatic organic compound with a chemical formula of C6H5OH. It is while crystalline solid obtained by Cumene process, Dow process and Raschig–Hooker process, among others. It has widespread application with majority consumption in plastic production industry as a raw material. It also finds its application in pharmaceutical sector.
Explore the full report with the table of contents@
https://www.expertmarketresearch.com/reports/phenol-market-report
On the basis of end use, the industry is divided into:
- Bisphenol A
- Phenolic Resins
- Caprolactam
- Alkyl Phenols
- Others
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Latest Global News on Phenol Market@
https://www.expertmarketresearch.com/pressrelease/global-phenol-market
Market Trends
Regionally, Asia Pacific is the largest shareholder in the global phenol market. This can be attributed to the massive production and consumption of phenol in industrial sector of China. Additionally, in regional growing economies such as India, Malaysia, and Indonesia the growing chemical, industrial, construction and automobile sector is expected to provide with great opportunities in the forecast period. Meanwhile, due to environmental regulations, North America and Europe are projected for a moderate growth.
Key Market Players
The major players in the market INEOS Group, Mitsui Chemicals, Inc., Shell International B.V., Solvay SA, Honeywell International Inc., and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
Global Onyx Stone Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/onyx-stone-market
Global Neon Gas Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/neon-gas-market
Global Anionic Surfactants Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/anionic-surfactants-market
Global Xenon Gas Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/xenon-gas-market
Global Krypton Gas Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/krypton-gas-market
Global Sodium Glutamate Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/sodium-glutamate-market
Global Wood Pulp Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/wood-pulp-market
Global Ultramarine Blue Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/ultramarine-blue-market
Global Polyurethane Leather Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/polyurethane-leather-market
Australia Lime Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/australia-lime-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: Expert Market Research
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
