PUBLISHER: ChemAnalyst | PRODUCT CODE: 1369739
PUBLISHER: ChemAnalyst | PRODUCT CODE: 1369739
Asia-Pacific Phenol demand stood at 5.68 Million Tonnes in 2020 and is forecast to reach 10.11 Million Tonnes by 2030, growing at a healthy CAGR of 5.8% until 2030. The growth of phenol in the Asia-Pacific region can be attributed to the extensive use of its derivatives such as polycarbonates and epoxy resins across various industries. Besides, increasing urbanization activities and rising personal disposable incomes have resulted in increased demand for household items & industrial appliances, automobiles, furniture, etc., which is boosting the market growth of Phenol in the Asia-Pacific region. Asia-Pacific region is the largest producer and consumer of Phenol on account of cheap labor, low operating costs, rising construction activities, etc. Besides, there has been an increase in investments for infrastructure development in the region, which is positively impacting the Asia-Pacific Phenol market growth.
The COVID-19 pandemic caused huge disruptions in economic activities around the globe, which impacted the Asia-Pacific Phenol market negatively. A major decline in consumer spending due to lost jobs and shutting down of businesses, as well as a temporary ban on infrastructural development activities, resulted in the reduced demand for Phenol in the region. However, amidst the economic plunge, the Phenol market has managed to bounce back as the market has started looking for different funding sources to sustain on the regional platform.
Under this subscription, you would be able to access Asia Pacific Phenol market demand and supply analysis on a cloud-based platform for one year. The data is updated on a near real-time basis to add any new movement in the industry including, but not limited to new plant announcements, plant shutdowns, temporary disruptions in demand or supply, news and deals, and much more specific to Phenol.
Years Considered for Analysis:
Historical Years: 2015 - 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 - 2030
This report will be delivered on an online digital platform with a one-year subscription and quarterly update.
Deliverables:
To extract data for the Asia Pacific Phenol market, the ChemAnalyst team conducts primary research surveys with Phenol manufacturers, suppliers, distributors, wholesalers, and customers, followed by exhaustive secondary research to cross-validate the information being collected through primary research surveys.