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    Phenol Derivatives Market Report

    Phenol Derivatives Market Report
    Report code - SR2835 Delivery - 2 Weeks
    Phenol Derivatives Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth O See more...

    Market Highlights

    Phenol derivatives are a group of chemical compounds that are derived from phenol. These derivatives are used in various industries such as automotive, electronics, pharmaceuticals, and agriculture. They have diverse applications, including the production of plastics, adhesives, pharmaceuticals, and other industrial products. The market for phenol derivatives encompasses the production, distribution, and consumption of these compounds on a global scale.

    The COVID-19 pandemic has had a mixed impact on the phenol derivatives market. On one hand, the market experienced disruptions in the supply chain and production due to lockdowns and restrictions, leading to a temporary decrease in demand. On the other hand, the increased focus on hygiene and sanitation during the pandemic led to a rise in demand for disinfectants and other related products, which are often made using phenol derivatives.

    Phenol derivatives, a sizeable market, could not escape from such trends and witnessed a colossal decline amid the pandemic. However, the industry is gradually rebounding in the year 2021 with the ramp-up in consumer confidence. Furthermore, an increasing demand from the automotive and electronics industries for applications such as adhesives, plastics, and electronic components. Overall, the phenol derivatives market is likely to grow at a promising CAGR of 4.2% in the long run.

    Market Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Derivative-Type Analysis

    Bisphenol-A, Phenolic Resin, Alkylphenol, Caprolactam, and Others.

    Phenolic resins are the fastest-growing derivative, driven by their extensive use in industries such as aerospace, wood, chemical manufacturing, metal, and metal casting.

    Raw Material-Type Analysis

    Benzene, Propylene, and Toluene

    Propylene, a rapidly growing raw material, is utilized in various industries such as plastics, chemicals, packaging, automotive parts, and construction due to its versatility.

    Technology-Type Analysis

    Cumene Peroxidation Process, Raschig Process, Toulene Two Stage Oxidation Process, and Sulphonation Process

    The cumene peroxidation process is the most widely used method in the production of phenol derivatives.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World.

    North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.

     

    Based on the derivative type, the phenol derivatives market is segmented into bisphenol-A, phenolic resin, alkylphenol, caprolactam, and other derivatives. Phenolic resins are expected to remain the largest derivative type in the market during the forecast period. Phenolic resin is the most in-demand phenol derivative in the industrial sector. It is produced through a condensation process between phenol and formaldehyde, resulting in a highly heat electricity, and chemical-resistant material. They are employed in aerospace for their ability to withstand high temperatures, in the wood industry as an adhesive, in chemical manufacturing as a coating material, in the metal industry as an abrasive, and in metal casting as a foundry coating.

    Based on the raw material type, The phenol derivative market encompasses the production, distribution, and consumption of chemical compounds derived from raw materials such as benzene, propylene, toluene, and other sources. These derivatives are utilized in various industries for applications including plastics, adhesives, pharmaceuticals, and other industrial products.

    Based on the technology type, The phenol derivative market refers to the production, distribution, and utilization of chemical compounds using various manufacturing processes such as the Cumene Peroxidation Process, Raschig Process, Toluene Two Stage Oxidation Process, and Sulphonation Process. These technologies are employed to produce a wide range of phenol derivatives with diverse industrial applications.

    In terms of regions, Asia-Pacific is expected to remain the largest market for phenol derivatives during the forecast period due to the high demand from various industries such as consumer electronics, transportation, furniture, construction, and oil and gas. Countries like China and India are particularly driving this dominance with their substantial industrial activities and growing economies.

    Key Players

    The following are the key players in the phenol derivatives market:

    • Compania Espanola de Petroleos S.A.U.
    • LG Chem
    • Honeywell International Inc.
    • INEOS
    • Mitsui Chemicals, Inc.

    Research Methodology

    This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s phenol derivatives market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • COVID-19 impact and its recovery curve
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for existing and new players
    • Key success factors

    The phenol derivatives market is segmented into the following categories. 

    Phenol Derivatives Market, by Derivative Type

    • Bisphenol-A (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Phenolic Resin (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Alkylphenol (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Caprolactam (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Derivatives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Phenol Derivatives Market, by Raw Materials Type

    • Benzene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Propylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Toluene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Phenol Derivatives Market, by Technology Type

    • Cumene Peroxidation Process (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Raschig Process (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Toluene Two-Stage Oxidation Process (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Sulphonation Process (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Phenol Derivatives Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions

    The phenol derivatives market is estimated to grow at a CAGR of 4.2% by 2028.

    Royal Dutch Shell PLC, The DOW Chemical Company, Mitsui Chemicals Inc., Saudi Basic Industries Corporation (SABIC), INEOS, Compania Espanola De Petroleos S.A.U, Honeywell International Inc., LG Chem, Kumho Petrochemical Co. Ltd. PPT Global Chemical Public Company Limited are the leading players in the phenol derivatives market.

    Asia-Pacific is estimated to remain dominant in the phenol derivatives market in the foreseeable future. The key economies driving the regions demand for automotive seals are China, India, and Japan.

    The cumene peroxidation process of manufacturing composite structural materials will be the most dominant application in the market in the coming years.

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