The Phenol Derivatives market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 to 2025.
In organic chemistry, phenols, sometimes called phenolics, are a class of chemical compounds consisting of a hydroxyl group (—OH) bonded directly to an aromatic hydrocarbon group. Phenolic compounds are classified as simple phenols or polyphenols based on the number of phenol units in the molecule. Phenol Derivatives include Bisphenol-A, Phenolic Resin, Alkylphenol, Caprolactum, and others in this study.
The bisphenol-A is projected to be the leading derivative in the phenol derivatives market from 2018 to 2023. Bisphenol-A is majorly used in the production of polycarbonates and epoxy resins. Polycarbonate is majorly used in food and drink packaging such as water & baby bottles, compact discs, impact-resistant safety equipment, and medical devices and epoxy resins are used to coat metal products such as food cans, bottle tops, and water supply pipes. Further the growth in end use industries using polycarbonate and epoxy resin resins will fuel the growth of phenol derivatives market.
The Asia-Pacific region was the fastest-growing market for phenol derivatives, in terms of value, in 2017 and this trend is expected to continue till 2023. China, India, South Korea, and Japan are the major consumers in the Asia-Pacific region. The demand for phenol derivatives is primarily driven by the increasing population & urbanization in these countries which creates huge demand for electronics and automotive goods. Further these end use industries drives the phenol derivatives market. China is a major growing economy in the world, and the demand for phenol derivatives is expected to increase during the forecast period for the same region.
As the report focuses on global Phenol Derivatives market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In global market, the following companies are covered:
Royal Dutch Shell
Dow Chemical
Mitsui Chemicals
SABIC
INEOS
CEPSA
Honeywell
LG Chem
Kumho Petrochemical
PTT Global Chemical
Solvay
Chang Chun Petrochemical
Zaozhuang Hailong Chemical
Market Segment by Product Type:
Bisphenol-A
Phenolic Resin
Alkylphenol
Caprolactum
Others
Market Segment by Application:
Chemical & Material
Automobile
Electronics & Semiconductor
Energy & Power
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Phenol Derivatives market for the forecast period 2020 - 2025?
• What are the driving forces in the Phenol Derivatives market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Phenol Derivatives industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?