Industrial Phenols Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Phenol,
also known as carbolic acid, is a white crystalline organic compound which is
volatile in nature. It is an important industrial commodity as its derivatives
are key ingredients in making a wide range of industry products. Phenol and its
derivatives are mostly used to make polycarbonates, epoxy resins, Bakelite,
nylon, phenolic resins, detergents, herbicides, and pharmaceutical drugs. Its
major use that comprises two-third of its production involves the conversion of
its derivatives to plastic. The main chemical derivative and the largest market
for phenol is bisphenol-A (BPA).
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The
global demand for the industrial phenol market has been steadily increasing
over the last few years mainly because of the demand for its derivatives from
the end-use segment. The derivatives of phenol namely bisphenol-A, phenolic
resins, and caprolactam together accounted for more than 70% demand for phenol
globally in the year 2010. The other factor propelling the growth of the phenol
market is the recent growth of the wind energy market. The rise in demand for
epoxy resins (derived from phenol) from wind turbine power generators is
expected to continue due to the increased global focus on sustainable energy
sources in the current high cost crude oil and energy environment.
The
growing demand for phenol in China and the Asia-Pacific region provides a wide
range of opportunities to the phenol industry. China has emerged as a
petrochemical product
manufacturer
and thus imports a major amount of phenol for producing its derivatives.
This
demand in China is also driving the Asia-Pacific region’s demand for phenol.
Many manufacturing plants for phenol and acetone derivatives in the
Asia-Pacific region are driving the demand for phenol tremendously, thereby
compensating for the slow and steady growth in the American and European
market.
Some
of the major companies involved in the production of phenol and its derivatives
are
PTT
Phenol, Aditya Birla Chemicals, Bayer Material Science, Mitsubishi Corporation,
and Shandong Sheng Quan Chemicals Co. Ltd.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons
for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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