Phenol Market Share, Size, Analysis and Forecast to 2027

According to the latest report by IMARC Group, titled “Phenol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the phenol market price trends.

The global phenol market size reached US$ 20.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 28.7 Billion by 2027, exhibiting a growth rate (CAGR) of 5.37% during 2022-2027. Phenol (C₆H₅OH) is a white crystalline, solid, aromatic compound that is highly volatile in nature. It is produced by the reaction of propene and benzene using an acid catalyst. It is more soluble in water than alcohol and has a higher boiling point, due to which it is primarily used in medical procedures. Phenol is also used as a derivate in the production of nylon, herbicides, household products, epoxies, and cosmetics and as an intermediate for synthesizing chemical compounds. Apart from this, it is used as a key ingredient in numerous treatments and laboratory applications, including chemical matrixectomy, sore throat spray, phenol injection, vaccine prevention, and oral analgesics.

Request for a PDF sample of this report: https://www.imarcgroup.com/phenol-technical-material-market-report-3/requestsample

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Global Phenol Market Trends:

The growing product demand across the chemical and pharmaceutical industries represents one of the primary factors providing a boost to the market growth. Apart from this, the rising product application as a feedstock and surging demand for phenol as an industrial cleaner for electronic devices and machinery are accelerating the market growth. Additionally, the shifting focus on using sustainable energy due to increasing prices of crude oil has surged the need for epoxy resins, which, in turn, is boosting the market growth. Apart from this, significant improvements in phenol production technology, rising product application in the production of laminated beams, plywood, and flooring panels, and rapid industrialization are positively supporting the market growth.

Phenol Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the phenol market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Ineos Phenol
Cepsa Quimica
Mitsui Chemicals
Formosa Chemicals and Fibers
Kumho P & B Chemicals

Key Market Segmentation:

The report has segmented the global phenol market on the basis of end-use and region.

Breakup by End-Use:

Bisphenol A
Phenolic Resins
Caprolactam
Alkyl Phenyls
Others

Regional Insights:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/phenol-technical-material-market-report-3

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US:

IMARC Group

134 N 4th St Brooklyn, NY 11249, USA Email: sales@imarcgroup.com

Americas: +1-631-791-1145 | Europe Africa: +44-753-713-2163 | Asia: +91-120-433-0800