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1074157

Global Phenol Derivatives Market - 2022-2029

Published: | DataM Intelligence | 208 Pages | Delivery time: 2 business days

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Global Phenol Derivatives Market - 2022-2029
Published: May 7, 2022
DataM Intelligence
Content info: 208 Pages
Delivery time: 2 business days
  • Description
  • Table of Contents

Market Overview

The global phenol derivatives market has reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2022-2029.

Phenol is a natural as well as a synthetic chemical. When pure, it's a colorless to white solid, but the commercial product is a liquid. Phenol is a widely used chemical intermediate in industry. Bisphenol-A (BPA), its major chemical derivative, is utilized to produce polymers such as polycarbonates and epoxy resins. Furthermore, phenol-formaldehyde resins, adipic acid, alkylphenols and antioxidants are some of its derivatives. Caprolactam is another chemical derivative that is used to make nylon. Detergents, herbicides and medicinal medications all contain phenol derivatives.

Market Dynamics

Increasing demand for polycarbonate resins that extensively use Bisphenol-A (BPA), a phenol derivative, is likely to drive the market. However, stringent regulation over phenol derivatives such as Bisphenol-A (BPA) in food packaging is expected to impede the phenol derivatives market.

Increasing demand for polycarbonate resins that extensively use Bisphenol-A (BPA), a phenol derivative

Bisphenol A (BPA) is an intermediary producing epoxy and polycarbonate resins. It is manufactured from acetone and phenol. Between epoxy and polycarbonate resins, the ratio of BPA use is roughly 40:60. Polycarbonate resins, among other things, constitute the most important market for BPA, accounting for more than 70% of global demand.

Although a newer, greener process uses dimethyl carbonate and BPA, phosgene and bisphenol A (BPA) make polycarbonate resins. Its primary application is in the electronics industry for components and housings, where strong electrical insulation, heat resistance and flame retardant qualities are critical. Extruded sheets are also used in construction, automotive glazing and medicinal applications. The use of optical media such as CDs, DVDs and Blu-ray discs has decreased.

The rapid expansion of polycarbonate resins has increased BPA manufacturing facilities worldwide. For instance, in July 2019, Lotte Chemical, a large South Korean chemical business, partnered with GS Energy, an energy services company, to establish a joint-venture petrochemical factory for Bisphenol A (BPA) products. Lotte Chemical and GS Energy have agreed to form a joint venture in H2-2019, with Lotte Chemical owning 51% and GS Energy owning 49%. By 2023, the new joint venture would have invested US$ 679 million in a plant that would produce 200,000 tons of BPA goods per year.

Stringent regulation over the use of phenol derivatives such as Bisphenol-A (BPA) in food packaging

According to the former director of the National Institute of Environmental Health Sciences and the National Toxicology Program, the scientific evidence is now adequate to enforce tight limits on the use of BPA in packaging & plastics that come into contact with our food. The European Food Safety Authority reevaluated the hazards of BPA in food and limited a 0.04 ng BPA/kg body weight per day limit in December 2021. Further, the Food and Drug Administration (FDA) U.S. is being pushed by a coalition of environmental and public health organizations to tighten bisphenol-A (BPA) limitations in plastics that come into contact with food.

COVID-19 Impact Analysis

Massive disruptions in the chemicals and materials sector supply chain substantially impacted the global phenol derivatives market. Further, phenol is a petrochemical heavily dependent on the oil and gas sectors. In the first quarter of 2020, the oil and gas industries encountered an unexpected turning point. The industry was hit by the COVID-19 related economic downturn and the drop in oil prices.

In both domestic and international markets, the economic downturn reduced demand. Furthermore, because they relied on the domestic market, the feedstock cost advantage of petrochemical companies has been lost, potentially making their products less competitive in an ever-difficult market.

Segment Analysis

The global phenol derivatives market is segmented into detergents, herbicides, pharmaceutical drugs, plastics, and others based on application.

Phenol is an aromatic chemical that is a significant raw ingredient in various chemical industrial processes. Phenol derivatives have antimicrobial, analgesic, anti-inflammatory, antioxidant, anti-convulsant, anti-cancer, anesthetic, antiseptic and disinfectant properties. Therefore, phenol derivates are widely utilized in pharmaceutical drugs.

Several new compounds have been found and many more are still being investigated. For instance, novel phenol derivatives were created to address the structural drawbacks of benzbromarone (BBR) to develop new uricosuric agents.

Geographical Analysis

The global phenol derivatives market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa based on geography.

Asia-Pacific is anticipated to dominate the market due to the highly developed plastic and pharmaceutical sectors and ongoing investments in the automobile industry. China is working on several polycarbonate industrialization projects to boost polycarbonate, boosting the demand for phenol derivatives. For instance, between 2021 and 2030, China's Bisphenol-A (BPA) industry has 5.52 million tons/year of projects under construction, which is 2.73 times the output capacity of 2.025 million tons/year by the end of 2020.

Moreover, composite materials and epoxy resin for capital construction are predicted to become the primary fields sustaining the growth rate of epoxy resin production in the next five years, among the various downstream application fields of epoxy resin. The development of epoxy resins will be aided by the construction and maintenance of high-speed rails, motorways, subways and airports in urbanization development and construction in the region.

Competitive Landscape

The global phenol derivatives market is competitive and moderately consolidated with multinational and local brands. Major companies include LG Chem, Cepsa, Honeywell, INEOS, Mitsui Chemicals, Inc., Shell, PTT Phenol, Kumho P & B Chemicals, Covestro AG and Formosa Chemicals and Fibers, among others. Further, the companies have implemented different growth strategies such as expansion, technological advancement, product development, collaboration, and merger. The companies use the growth methods to improve their geographical presence to address the growing demand for phenol derivatives.

LG Chem

Overview: LG Chem Korea-based chemical company in Korea, with headquarters in Seoul. The company is a petrochemicals supplier that offers everything from basic distillates to specialized polymers. In addition, the company has eight facilities in South Korea and has a global network of 29 commercial locations in 15 countries.

Product Portfolio: LG Chem offers BPA, a white-colored crystal produced through the condensation of acetone and phenol. The product is used as a raw material for epoxy and polycarbonate resins.

Key Development:

In July 2021, LG Chem planned to spend US$ 8,700 million through 2025 to drive "sustainable growth" in its battery materials operations and other business lines, following other South Korean industrial behemoths in making the switch to more environmentally friendly practices.

Why Purchase the Report?

To visualize the global phenol derivatives market segmentation by raw materials, technology, derivatives, application and region and understand key commercial assets and players.

Identify commercial opportunities in the global phenol derivatives market by analyzing trends and co-development.

Excel data sheet with numerous data points of phenol derivatives market-level with four segments.

PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.

Product mapping available in excel consists of key products of all the major market players

The global phenol derivatives market report would provide approximately 69 tables, 68 figures and almost 208 pages.

Target Audience 2022

Service Providers/ Buyers

Industry Investors/Investment Bankers

Plastic Manufacturers

Research Professionals

Industrial Business

Raw Material Suppliers

Product Code: DMCH4892

Table of Contents

1. Global Phenol Derivatives Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Phenol Derivatives Market - Market Definition and Overview

3. Global Phenol Derivatives Market - Executive Summary

  • 3.1. Market Snippet by Raw Material
  • 3.2. Market Snippet by Technology
  • 3.3. Market Snippet by Derivative
  • 3.4. Market Snippet by Application
  • 3.5. Market Snippet by Region

4. Global Phenol Derivatives Market-Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Increasing demand for polycarbonate resins that extensively use Bisphenol-A (BPA), a phenol derivative
      • 4.1.1.2. XX
    • 4.1.2. Restraints
      • 4.1.2.1. Stringent regulation over the use of phenol derivatives such as Bisphenol-A (BPA) in food packaging
    • 4.1.3. Opportunity
      • 4.1.3.1. XX
    • 4.1.4. Impact Analysis

5. Global Phenol Derivatives Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis

6. Global Phenol Derivatives Market - COVID-19 Analysis

  • 6.1. Analysis of COVID-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid COVID-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives
  • 6.6. Conclusion

7. Global Phenol Derivatives Market - By Raw Material

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
    • 7.1.2. Market Attractiveness Index, By Raw Material
  • 7.2. Benzene*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 7.3. Propylene
  • 7.4. Toluene
  • 7.5. Others

8. Global Phenol Derivatives Market - By Technology

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
    • 8.1.2. Market Attractiveness Index, By Technology
  • 8.2. Cumene Peroxidation Process*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 8.3. Toluene Two-Stage Oxidation Process
  • 8.4. Sulfonation Process

9. Global Phenol Derivatives Market - By Derivative

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivative
    • 9.1.2. Market Attractiveness Index, By Derivative
  • 9.2. Bisphenol-A (BPA)*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 9.3. Phenol-Formaldehyde Resins
  • 9.4. Alkyl Phenols
  • 9.5. Adipic Acid
  • 9.6. Antioxidants
  • 9.7. Others

10. Global Phenol Derivatives Market - By Application

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 10.1.2. Market Attractiveness Index, By Application
  • 10.2. Detergents*
    • 10.2.1. Introduction
    • 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 10.3. Herbicides
  • 10.4. Pharmaceutical Drugs
  • 10.5. Plastics
  • 10.6. Others

11. Global Phenol Derivatives Market - By Region

  • 11.1. Introduction
    • 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
    • 11.1.2. Market Attractiveness Index, By Region
  • 11.2. North America
    • 11.2.1. Introduction
    • 11.2.2. Key Region-Specific Dynamics
    • 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
    • 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
    • 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivative
    • 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 11.2.7.1. U.S.
      • 11.2.7.2. Canada
      • 11.2.7.3. Mexico
  • 11.3. Europe
    • 11.3.1. Introduction
    • 11.3.2. Key Region-Specific Dynamics
    • 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
    • 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
    • 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivative
    • 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 11.3.7.1. Germany
      • 11.3.7.2. UK
      • 11.3.7.3. France
      • 11.3.7.4. Italy
      • 11.3.7.5. Russia
      • 11.3.7.6. Rest of Europe
  • 11.4. South America
    • 11.4.1. Introduction
    • 11.4.2. Key Region-Specific Dynamics
    • 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
    • 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
    • 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivative
    • 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 11.4.7.1. Brazil
      • 11.4.7.2. Argentina
      • 11.4.7.3. Rest of South America
  • 11.5. Asia-Pacific
    • 11.5.1. Introduction
    • 11.5.2. Key Region-Specific Dynamics
    • 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
    • 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
    • 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivative
    • 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
    • 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 11.5.7.1. China
      • 11.5.7.2. India
      • 11.5.7.3. Japan
      • 11.5.7.4. Australia
      • 11.5.7.5. Rest of Asia-Pacific
  • 11.6. Middle East and Africa
    • 11.6.1. Introduction
    • 11.6.2. Key Region-Specific Dynamics
    • 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material
    • 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
    • 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivative
    • 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

12. Global Phenol Derivatives Market - Competitive Landscape

  • 12.1. Competitive Scenario
  • 12.2. Market Positioning/Share Analysis
  • 12.3. Mergers and Acquisitions Analysis

13. Global Phenol Derivatives Market- Company Profiles

  • 13.1. LG Chem*
    • 13.1.1. Company Overview
    • 13.1.2. Product Portfolio and Description
    • 13.1.3. Key Highlights
    • 13.1.4. Financial Overview
  • 13.2. Cepsa
  • 13.3. Honeywell
  • 13.4. INEOS
  • 13.5. Mitsui Chemicals, Inc.
  • 13.6. Shell
  • 13.7. PTT Phenol
  • 13.8. Kumho P & B Chemicals
  • 13.9. Covestro AG
  • 13.10. Formosa Chemicals and Fibers

LIST NOT EXHAUSTIVE

14. Global Phenol Derivatives Market - Premium Insights

15. Global Phenol Derivatives Market - DataM

  • 15.1. Appendix
  • 15.2. About Us and Services
  • 15.3. Contact Us