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PUBLISHER: Persistence Market Research | PRODUCT CODE: 1477994

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PUBLISHER: Persistence Market Research | PRODUCT CODE: 1477994

Phenol Market by Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2032

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Persistence Market Research, a distinguished market research firm, has conducted an extensive analysis of the global Phenol Market. This comprehensive report provides valuable insights into key market dynamics, growth drivers, challenges, and emerging trends. It offers a detailed overview of the phenol segment within the chemical industry, presenting exclusive data and statistics projecting the market's growth trajectory from 2024 to 2032.

Key Insights:

  • Phenol Market Size (2024): USD28.1 Bn
  • Projected Market Value (2032): US$ 41.1 Bn
  • Global Market Growth Rate (CAGR 2024 to 2032): 4.9%

Phenol Market - Report Scope:

The Phenol Market encompasses a diverse range of applications, including production of phenolic resins, bisphenol-A (BPA), caprolactam, and other downstream chemicals used in various industries such as automotive, construction, electronics, and healthcare. Phenol, a versatile aromatic compound derived from petroleum or coal tar, serves as a key building block in the synthesis of numerous consumer and industrial products. Market growth is driven by increasing demand for phenolic resins in wood adhesives, insulation materials, and laminates, as well as expanding applications of BPA in polycarbonate plastics, epoxy resins, and thermal paper coatings.

Market Growth Drivers:

The global Phenol Market benefits from several key growth drivers. Growing construction and infrastructure development activities drive demand for phenolic resins in plywood, particleboard, and laminated veneer lumber (LVL) applications, supporting market expansion. Moreover, the automotive industry's increasing adoption of lightweight materials and composites, such as phenolic molding compounds and carbon fiber-reinforced plastics (CFRP), fuels demand for phenol-based materials. Additionally, rising consumer electronics production and demand for high-performance plastics drive growth in phenol derivatives, including polycarbonates and epoxy resins. Furthermore, advancements in production technologies, such as cumene-based and hydrogen peroxide processes, enhance phenol manufacturing efficiency and sustainability, contributing to market growth.

Market Restraints:

Despite its robust growth prospects, the Phenol Market faces challenges related to raw material availability, environmental regulations, and market volatility. Phenol production relies on feedstocks derived from fossil fuels, such as benzene and propylene, which are subject to price fluctuations and supply chain disruptions. Moreover, concerns about environmental pollution and greenhouse gas emissions associated with traditional phenol manufacturing processes pose regulatory and sustainability challenges for industry stakeholders. Additionally, competition from alternative materials, such as bio-based phenols and substitutes like phenolic foam insulation and polyurethane, may impact market share and profitability. Addressing these barriers requires investment in renewable feedstock sourcing, process optimization, and product innovation to enhance competitiveness and environmental performance.

Market Opportunities:

The Phenol Market presents significant growth opportunities driven by technological innovations, market diversification, and application expansion. Emerging trends such as bio-based phenols, green chemistry, and circular economy principles offer new avenues for sustainable phenol production and resource utilization. The development of bio-based phenol feedstocks derived from biomass, agricultural residues, and waste streams enables carbon-neutral and renewable alternatives to petroleum-based phenol production. Moreover, advancements in phenol derivatives, such as specialty resins, flame retardants, and pharmaceutical intermediates, open up new markets and value-added applications for phenol manufacturers. Furthermore, strategic partnerships, collaborations, and investments in research and development are essential to capitalize on emerging trends and sustain market leadership in the dynamic phenol industry.

Key Questions Answered in the Report:

  • What is the expected value CAGR of the phenol market from 2024-2032?
  • Which country leads in the global market for phenols?
  • Which segment leads in the phenol market on the basis of manufacturing process?
  • What is the market value estimated for the phenol industry by 2032?
  • Which segment leads in the phenol market by end use industry?

Competitive Intelligence and Business Strategy:

Leading players in the global Phenol Market, including major chemical companies, resin manufacturers, and petrochemical producers, focus on innovation, diversification, and sustainability to gain a competitive edge. These companies invest in research and development to develop next-generation phenol production technologies, such as hydrogen peroxide oxidation and lignin depolymerization, to reduce environmental impact and enhance process efficiency. Moreover, strategic partnerships with renewable feedstock suppliers, biotechnology firms, and academic research institutions enable companies to explore bio-based phenol alternatives and green chemistry solutions. Furthermore, emphasis on product differentiation, customer collaboration, and value-added services enhances brand reputation and market position in the competitive landscape of phenol and its derivatives.

Key Companies Profiled:

  • Altivia
  • AdvanSix Inc.
  • Cepsa
  • Domo Chemical GmbH
  • Formosa Chemicals & Fibre Corp.
  • INEOS Capital Limited
  • Kumho P&B Chemicals Inc.
  • Mitsubishi Chemical Corporation
  • Mitsui Chemicals Inc.
  • PTT Phenol Company Limited
  • Solvay
  • Royal Dutch Shell PLC

Phenol Market Research Segmentation:

Phenol Market by Manufacturing Process

  • Cumene Phenol Manufacturing Process
  • Dow Phenol Manufacturing Process
  • Rasching Hooker Phenol Manufacturing Process

Phenol Market by End User Industry

  • Phenol for Bisphenol-A Production
  • Phenol for Phenol Formaldehyde Resin Production
  • Phenol for Nylon-KA Oil Production
  • Phenol for PPO/Orthooxylenol Production
  • Phenol for Alkyl Phenol Production

Phenol Market by Region

  • North America Phenol Market
  • Europe Phenol Market
  • Asia Pacific Phenol Market
  • Middle East and Africa Phenol Market
  • Latin America Phenol Market
Product Code: PMRREP19117

Table of Contents

1. Executive Summary

  • 1.1. Global Market Outlook
  • 1.2. Summary of Statistics
  • 1.3. Key Market Characteristics & Attributes
  • 1.4. PMR Analysis and Recommendations

2. Market Overview

  • 2.1. Market Coverage / Taxonomy
  • 2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

  • 3.1. Risk Assessment
    • 3.1.1. COVID-19 Crisis and Impact on Phenol Demand
    • 3.1.2. COVID-19 Impact Benchmark with Previous Crisis
    • 3.1.3. Impact on Market Value (US$ Mn)
    • 3.1.4. Assessment by Key Countries
    • 3.1.5. Assessment by Key Market Segments
    • 3.1.6. Action Points and Recommendation for Suppliers
  • 3.2. Key Trends Impacting the Market
  • 3.3. Formulation and Product Development Trends

4. Market Background and Foundation Data Points

  • 4.1. Global Phenol Market (US$ Mn)
  • 4.2. Phenol Market Opportunity Assessment (US$ Mn)
    • 4.2.1. Total Available Market
    • 4.2.2. Serviceable Addressable Market
    • 4.2.3. Serviceable Obtainable Market
  • 4.3. Market Scenario Forecast
    • 4.3.1. Demand in optimistic Scenario
    • 4.3.2. Demand in Likely Scenario
    • 4.3.3. Demand in Conservative Scenario
  • 4.4. Investment Feasibility Analysis
    • 4.4.1. Investment in Established Markets
      • 4.4.1.1. In Short Term
      • 4.4.1.2. In Long Term
    • 4.4.2. Investment in Emerging Markets
      • 4.4.2.1. In Short Term
      • 4.4.2.2. In Long Term
  • 4.5. Forecast Factors - Relevance & Impact
    • 4.5.1. Top Companies Historical Growth
    • 4.5.2. Global Phenol Market Growth
    • 4.5.3. Phenol Adoption Rate, By Country
  • 4.6. Market Dynamics
    • 4.6.1. Market Driving Factors and Impact Assessment
    • 4.6.2. Prominent Market Challenges and Impact Assessment
    • 4.6.3. Phenol Market Opportunities
    • 4.6.4. Prominent Trends in the Global Market & Their Impact Assessment

5. Key Success Factors

  • 5.1. Manufacturers' Focus on Low Penetration High Growth Markets
  • 5.2. Banking on with Segments High Incremental Opportunity
  • 5.3. Peer Benchmarking

6. Global Phenol Market Demand Analysis 2019-2023 and Forecast, 2024-2032

  • 6.1. Historical Market Analysis, 2019-2023
  • 6.2. Current and Future Market Projections, 2024-2032
  • 6.3. Y-o-Y Growth Trend Analysis

7. Global Phenol Market Value Analysis 2019-2023 and Forecast, 2024-2032

  • 7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
  • 7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2032
    • 7.2.1. Y-o-Y Growth Trend Analysis
    • 7.2.2. Absolute $ Opportunity Analysis

8. Global Phenol Market Analysis 2019-2023 and Forecast 2024-2032, By Manufacturing Process

  • 8.1. Introduction / Key Findings
  • 8.2. Historical Market Size (US$ Mn) Analysis By Manufacturing Process, 2019-2023
  • 8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Manufacturing Process, 2024-2032
    • 8.3.1. Cumene process
    • 8.3.2. Dow process
    • 8.3.3. Rasching Hooker process
  • 8.4. Market Attractiveness Analysis By Manufacturing Process

9. Global Phenol Market Analysis 2019-2023 and Forecast 2024-2032, By End-user Industry

  • 9.1. Introduction / Key Findings
  • 9.2. Historical Market Size (US$ Mn) Analysis By End-user Industry, 2019-2023
  • 9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End-user Industry, 2024-2032
    • 9.3.1. Bisphenol-A
    • 9.3.2. Phenol Formaldehyde Resin
    • 9.3.3. Nylon-KA Oil
    • 9.3.4. PPO/Orthooxylenol
    • 9.3.5. Alkyl Phenol
  • 9.4. Market Attractiveness Analysis By End-user Industry

10. Global Phenol Market Analysis 2019-2023 and Forecast 2024-2032, By Region

  • 10.1. Introduction
  • 10.2. Historical Market Size (US$ Mn) Analysis By Region, 2019-2023
  • 10.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2024-2032
    • 10.3.1. North America
    • 10.3.2. Latin America
    • 10.3.3. Europe
    • 10.3.4. Asia Pacific
    • 10.3.5. Middle East and Africa (MEA)
  • 10.4. Market Attractiveness Analysis By Region

11. North America Phenol Market Analysis 2019-2023 and Forecast 2024-2032

  • 11.1. Introduction
  • 11.2. Pricing Analysis
  • 11.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
  • 11.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2024-2032
    • 11.4.1. By Country
      • 11.4.1.1. U.S.
      • 11.4.1.2. Canada
      • 11.4.1.3. Rest of North America
    • 11.4.2. By Manufacturing Process
    • 11.4.3. By End-user Industry
  • 11.5. Market Attractiveness Analysis
    • 11.5.1. By Country
    • 11.5.2. By Manufacturing Process
    • 11.5.3. By End-user Industry

12. Latin America Phenol Market Analysis 2019-2023 and Forecast 2024-2032

  • 12.1. Introduction
  • 12.2. Pricing Analysis
  • 12.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
  • 12.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2024-2032
    • 12.4.1. By Country
      • 12.4.1.1. Brazil
      • 12.4.1.2. Mexico
      • 12.4.1.3. Rest of Latin America
    • 12.4.2. By Manufacturing Process
    • 12.4.3. By End-user Industry
  • 12.5. Market Attractiveness Analysis
    • 12.5.1. By Country
    • 12.5.2. By Manufacturing Process
    • 12.5.3. By End-user Industry

13. Europe Phenol Market Analysis 2019-2023 and Forecast 2024-2032

  • 13.1. Introduction
  • 13.2. Pricing Analysis
  • 13.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
  • 13.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2024-2032
    • 13.4.1. By Country
      • 13.4.1.1. Germany
      • 13.4.1.2. France
      • 13.4.1.3. U.K.
      • 13.4.1.4. Italy
      • 13.4.1.5. Benelux
      • 13.4.1.6. Nordic Countries
      • 13.4.1.7. Rest of Europe
    • 13.4.2. By Manufacturing Process
    • 13.4.3. By End-user Industry
  • 13.5. Market Attractiveness Analysis
    • 13.5.1. By Country
    • 13.5.2. By Manufacturing Process
    • 13.5.3. By End-user Industry

14. Asia Pacific Phenol Market Analysis 2019-2023 and Forecast 2024-2032

  • 14.1. Introduction
  • 14.2. Pricing Analysis
  • 14.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
  • 14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2024-2032
    • 14.4.1. By Country
      • 14.4.1.1. China
      • 14.4.1.2. Japan
      • 14.4.1.3. South Korea
      • 14.4.1.4. Rest of Asia Pacific
    • 14.4.2. By Manufacturing Process
    • 14.4.3. By End-user Industry
  • 14.5. Market Attractiveness Analysis
    • 14.5.1. By Country
    • 14.5.2. By Manufacturing Process
    • 14.5.3. By End-user Industry

15. Middle East and Africa Phenol Market Analysis 2019-2023 and Forecast 2024-2032

  • 15.1. Introduction
  • 15.2. Pricing Analysis
  • 15.3. Historical Market Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
  • 15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2024-2032
    • 15.4.1. By Country
      • 15.4.1.1. GCC Countries
      • 15.4.1.2. South Africa
      • 15.4.1.3. Turkey
      • 15.4.1.4. Rest of Middle East and Africa
    • 15.4.2. By Manufacturing Process
    • 15.4.3. By End-user Industry
  • 15.5. Market Attractiveness Analysis
    • 15.5.1. By Country
    • 15.5.2. By Manufacturing Process
    • 15.5.3. By End-user Industry

16. Key Countries Phenol Market Analysis 2019-2023 and Forecast 2024-2032

  • 16.1. Introduction
    • 16.1.1. Market Value Proportion Analysis, By Key Countries
    • 16.1.2. Global Vs. Country Growth Comparison
  • 16.2. US Phenol Market Analysis
    • 16.2.1. Value Proportion Analysis by Market Taxonomy
    • 16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.2.2.1. By Manufacturing Process
      • 16.2.2.2. By End-user Industry
  • 16.3. Canada Phenol Market Analysis
    • 16.3.1. Value Proportion Analysis by Market Taxonomy
    • 16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.3.2.1. By Manufacturing Process
      • 16.3.2.2. By End-user Industry
  • 16.4. Mexico Phenol Market Analysis
    • 16.4.1. Value Proportion Analysis by Market Taxonomy
    • 16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.4.2.1. By Manufacturing Process
      • 16.4.2.2. By End-user Industry
  • 16.5. Brazil Phenol Market Analysis
    • 16.5.1. Value Proportion Analysis by Market Taxonomy
    • 16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.5.2.1. By Manufacturing Process
      • 16.5.2.2. By End-user Industry
  • 16.6. Germany Phenol Market Analysis
    • 16.6.1. Value Proportion Analysis by Market Taxonomy
    • 16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.6.2.1. By Manufacturing Process
      • 16.6.2.2. By End-user Industry
  • 16.7. France Phenol Market Analysis
    • 16.7.1. Value Proportion Analysis by Market Taxonomy
    • 16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.7.2.1. By Manufacturing Process
      • 16.7.2.2. By End-user Industry
  • 16.8. Italy Phenol Market Analysis
    • 16.8.1. Value Proportion Analysis by Market Taxonomy
    • 16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.8.2.1. By Manufacturing Process
      • 16.8.2.2. By End-user Industry
  • 16.9. BENELUX Phenol Market Analysis
    • 16.9.1. Value Proportion Analysis by Market Taxonomy
    • 16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.9.2.1. By Manufacturing Process
      • 16.9.2.2. By End-user Industry
  • 16.10. UK Phenol Market Analysis
    • 16.10.1. Value Proportion Analysis by Market Taxonomy
    • 16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.10.2.1. By Manufacturing Process
      • 16.10.2.2. By End-user Industry
  • 16.11. Nordic Countries Phenol Market Analysis
    • 16.11.1. Value Proportion Analysis by Market Taxonomy
    • 16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.11.2.1. By Manufacturing Process
      • 16.11.2.2. By End-user Industry
  • 16.12. China Phenol Market Analysis
    • 16.12.1. Value Proportion Analysis by Market Taxonomy
    • 16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.12.2.1. By Manufacturing Process
      • 16.12.2.2. By End-user Industry
  • 16.13. Japan Phenol Market Analysis
    • 16.13.1. Value Proportion Analysis by Market Taxonomy
    • 16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.13.2.1. By Manufacturing Process
      • 16.13.2.2. By End-user Industry
  • 16.14. South Korea Phenol Market Analysis
    • 16.14.1. Value Proportion Analysis by Market Taxonomy
    • 16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.14.2.1. By Manufacturing Process
      • 16.14.2.2. By End-user Industry
  • 16.15. GCC Countries Phenol Market Analysis
    • 16.15.1. Value Proportion Analysis by Market Taxonomy
    • 16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.15.2.1. By Manufacturing Process
      • 16.15.2.2. By End-user Industry
  • 16.16. South Africa Phenol Market Analysis
    • 16.16.1. Value Proportion Analysis by Market Taxonomy
    • 16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.16.2.1. By Manufacturing Process
      • 16.16.2.2. By End-user Industry
  • 16.17. Turkey Phenol Market Analysis
    • 16.17.1. Value Proportion Analysis by Market Taxonomy
    • 16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2024-2032
      • 16.17.2.1. By Manufacturing Process
      • 16.17.2.2. By End-user Industry
    • 16.17.3. Competition Landscape and Player Concentration in the Country

17. Market Structure Analysis

  • 17.1. Market Analysis by Tier of Companies
  • 17.2. Market Concentration
  • 17.3. Market Share Analysis of Top Players
  • 17.4. Market Presence Analysis
    • 17.4.1. By Regional footprint of Players
    • 17.4.2. Product footprint by Players

18. Competition Analysis

  • 18.1. Competition Dashboard
  • 18.2. Competition Benchmarking
  • 18.3. Competition Deep Dive
    • 18.3.1. Altivia
      • 18.3.1.1. Overview
      • 18.3.1.2. Product Portfolio
      • 18.3.1.3. Sales Footprint
      • 18.3.1.4. Strategy Overview
    • 18.3.2. AdvanSix Inc.
      • 18.3.2.1. Overview
      • 18.3.2.2. Product Portfolio
      • 18.3.2.3. Sales Footprint
      • 18.3.2.4. Strategy Overview
    • 18.3.3. Cepsa
      • 18.3.3.1. Overview
      • 18.3.3.2. Product Portfolio
      • 18.3.3.3. Sales Footprint
      • 18.3.3.4. Strategy Overview
    • 18.3.4. Domo Chemical GmbH
      • 18.3.4.1. Overview
      • 18.3.4.2. Product Portfolio
      • 18.3.4.3. Sales Footprint
      • 18.3.4.4. Strategy Overview
    • 18.3.5. Formosa Chemicals & Fibre Corp.
      • 18.3.5.1. Overview
      • 18.3.5.2. Product Portfolio
      • 18.3.5.3. Sales Footprint
      • 18.3.5.4. Strategy Overview
    • 18.3.6. INEOS Capital Limited
      • 18.3.6.1. Overview
      • 18.3.6.2. Product Portfolio
      • 18.3.6.3. Sales Footprint
      • 18.3.6.4. Strategy Overview
    • 18.3.7. Kumho P&B Chemicals Inc.
      • 18.3.7.1. Overview
      • 18.3.7.2. Product Portfolio
      • 18.3.7.3. Sales Footprint
      • 18.3.7.4. Strategy Overview
    • 18.3.8. Mitsubishi Chemical Corporation
      • 18.3.8.1. Overview
      • 18.3.8.2. Product Portfolio
      • 18.3.8.3. Sales Footprint
      • 18.3.8.4. Strategy Overview
    • 18.3.9. Mitsui Chemicals Inc.
      • 18.3.9.1. Overview
      • 18.3.9.2. Product Portfolio
      • 18.3.9.3. Sales Footprint
      • 18.3.9.4. Strategy Overview
    • 18.3.10. PTT Phenol Company Limited
      • 18.3.10.1. Overview
      • 18.3.10.2. Product Portfolio
      • 18.3.10.3. Sales Footprint
      • 18.3.10.4. Strategy Overview
    • 18.3.11. Solvay
      • 18.3.11.1. Overview
      • 18.3.11.2. Product Portfolio
      • 18.3.11.3. Sales Footprint
      • 18.3.11.4. Strategy Overview
    • 18.3.12. Royal Dutch Shell PLC
      • 18.3.12.1. Overview
      • 18.3.12.2. Product Portfolio
      • 18.3.12.3. Sales Footprint
      • 18.3.12.4. Strategy Overview

19. Assumptions and Acronyms Used

20. Research Methodology

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