PUBLISHER: GlobalData | PRODUCT CODE: 1384421
PUBLISHER: GlobalData | PRODUCT CODE: 1384421
Global Phenol capacity is poised to see considerable growth over the next five years, potentially increasing from 15.65 mtpa in 2022 to 18.62 mtpa in 2027, registering total growth of 19%.
Around ten planned and announced Phenol projects are expected to come online, in Asia and North America over the upcoming years. Among countries, India is expected to lead Phenol capacity additions by 2027, followed by China and South Korea. Zhejiang Rongsheng Holding Group Co Ltd, INEOS Ltd and Shandong Yulong Petrochemical Ltd are the top three companies by planned and announced capacity additions globally over the upcoming years.