Industrial Phenol Market – Global Industry Analysis and Forecast (2023-2029)

Industrial Phenol Market size was valued at US$ 14.61 Bn in 2022 and the total revenue is expected to grow at 3.15% through 2023 to 2029, reaching nearly US$ 18.16 Bn in the forecast period. The global Industrial Phenol Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Industrial Phenol Market report also provides trends by market segments, technology, and investment with a competitive landscape.

Industrial Phenol Market Overview:

Phenol is a mildly acidic, toxic, and white crystalline solid. Phenols are produced naturally and synthesized as manufactured chemicals. Naturally, phenols constitute coal tar and creosote, decomposing organic material, human and animal waste, and as a compound found in many non-foods and foods. Phenols are widely used in household products and as intermediates for industrial synthesis. Industrial phenols are utilized as a bonding agent to produce wood products such as plywood and MDF. Phenol is used as a disinfectant in low concentration in household cleaners and mouthwash. Phenol was also used as the first surgical antiseptic.To know about the Research Methodology :- Request Free Sample Report

Industrial Phenol Market Dynamics:

The global industrial phenol market is estimated to supplement the various phenol derivative in the forecast period due to rising chemical industries and phenol utilization. Rising demand for phenol derivatives like epoxy resins in various uses like paints, and coating, electronics is accelerating the market growth of industrial phenols. Industrial phenols are also used in various production processes like the cumene process that involves partial oxidation of cumene with hock rearrangement. The second process is the dow process, which involves hydrolysis of chlorobenzene. Phenol derivatives include bisphenol A, Alkylphenols, caprolactam, choro-phenol, phenylalanine, and salicylic acid. These phenol derivatives are further creating demand for industrial phenol in the global phenol market. Bisphenol A derivative is used in the production of epoxy resins and epoxy resins are used in paints and coatings, moldings, and polycarbonates. Alkylphenol is used in the manufacturing of detergents, emulsifiers, insecticides. These properties of phenol are driving the market growth and creating further opportunities for the budding market players to enter the market. Cloro-phenol derivative of phenol inhibits microbial growth and endorses the uses in pesticides and wood preservation. Salicylic acid is used in medicines to remove the outer layer of the skin in acne, to treat warts, calluses, psoriasis, dandruff, ringworm, etc. The above-mentioned application of industrial phenol derivatives is further appealing to the growth of the global industrial phenol market in the forecast period. Phenol causes high irritation to the skin, eye, and mucous membrane in humans after short-term inhalation or skin exposure, and phenol is considered to be toxic to humans via the oral route. This factor is hampering the growth of the market in the forecast period.

Industrial Phenol Market Segment Analysis:

By Type, the segment is bifurcated into epoxy resins and phenol-methanal resins. Epoxy resins are dominating the type segment of the global industrial phenol market. Epoxy resins are a dominating sector in the type segment of the global industrial phenol market. Growing application of epoxy resins and end-user industry like marine coating, aerospace, electrical and electronic laminates, decorative powder coating is driving the epoxy resins market. As epoxy resin has promising properties like mechanical strength, moisture resistivity, high thermal stability, adhesion, electrical, mechanical and heat resistance makes epoxy resins more preferred for industrial applications. By Application, the segment is trifurcated into Residential, Commercial, and industrial. The industrial sector is dominating the application segment of the global industrial phenol market. As phenol is widely used as a starting material for the manufacturing of plastics, explosives like picric acid, and drugs like aspirin. The communal phenol hydroquinone is a compound of photography developers and this reduces exposed silver bromide crystal to black metallic silver. There are various substitutes available for industrial phenol and are used in the dye industry for intensely colored azo dyes. Creosote is a mixture of phenol and cresols that are used as components in wood preservation. The residential segment is second dominating in the industrial phenol market as phenols are used as a disinfectant and household cleaners. Phenols are a common chemical and widely found in products like air fresheners, aftershaves, deodorants, hair spray, mouthwash, aspirin, solvents, acne medication, antiseptics, calamine lotions, cleaning, decongestants, etc.

Industrial Phenol Market Regional Insights:

The Asia Pacific is dominating region in the global industrial phenol market as the developing countries in the Asia Pacific like China, India have led the demand for chemical products from application industries. China is the major contributor in terms of Chemicals owed to the largest manufacturers of chemicals with huge facilities and technological investment in the region. The Asia Pacific is the region where demand for acetone and phenol derivatives is higher and is accelerating the market growth simultaneously. China is the country known for the largest producers of phenols and their derivatives. North America and European markets are growing at a low pace in chemical industries. Owed to strict government rules and regulations imposed by the authorities. As phenols have shown toxicity to humans on excess inhalation or in contact with the skin surface. These restraining factors are hampering the foreign market. The objective of the report is to present a comprehensive analysis of the global Industrial Phenol Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Industrial Phenol Market dynamics, structure by analyzing the market segments and project the global Industrial Phenol Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global Industrial Phenol Market make the report investor’s guide.

Industrial Phenol Market Scope: Inquire before buying

Industrial Phenol Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 14.61 Bn.
Forecast Period 2023 to 2029 CAGR: 3.15% Market Size in 2029: US $ 18.16 Bn.
Segments Covered: by Type Epoxy resins Phenol-methanal resins
by Application Residential Commercial Industrial
by Manufacturing Process Cumene Process Dow Process Ranching–Hooker Process

Industrial Phenol Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)

Industrial Phenol Market, Key Players are

1. Aditya Birla Chemicals 2.Mitsubishi 3. Shandong Sheng Quan Chemicals Co. Ltd. 4. PTT Phenol 5. Bayer Material Science 6. Capital Resin Corporation 7. Royal Dutch Shell. 8. AdvanSix Inc. 9. Solvay SA. 10. CEPSA Química. 11. Deepak Nitrite Limited. 12. Domo Chemicals. 13. Ineos Group Limited. Frequently Asked Questions: 1. Which region has the largest share in Global Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Market? Ans: The Global Industrial Phenol Market is growing at a CAGR of 3.15% during forecasting period 2023-2029. 3. What is scope of the Global market report? Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global market? Ans: The important key players in the Global Market are – Aditya Birla Chemicals, Mitsubishi, Shandong Sheng Quan Chemicals Co. Ltd., PTT Phenol, Bayer Material Science, Capital Resin Corporation, Royal Dutch Shell., AdvanSix Inc., Solvay SA., CEPSA Química., Deepak Nitrite Limited., Domo Chemicals., and Ineos Group Limited. 5. What is the study period of this market? Ans: The Global  Market is studied from 2022 to 2029.
1. Global Industrial Phenol Market: Research Methodology 2. Global Industrial Phenol Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Industrial Phenol Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Industrial Phenol Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Industrial Phenol Market Segmentation 4.1 Global Industrial Phenol Market, by Type (2022-2029) • Epoxy resins • Phenol-methanal resins 4.2 Global Industrial Phenol Market, by Application (2022-2029) • Residential • Commercial • Industrial 4.3 Global Industrial Phenol Market, by Manufacturing Process (2022-2029) • Cumene Process • Dow Process • Ranching–Hooker Process 5. North America Industrial Phenol Market(2022-2029) 5.1 North America Industrial Phenol Market, by Type (2022-2029) • Epoxy resins • Phenol-methanal resins 5.2 North America Industrial Phenol Market, by Application (2022-2029) • Residential • Commercial • Industrial 5.3 North America Industrial Phenol Market, by Manufacturing Process (2022-2029) • Cumene Process • Dow Process • Ranching–Hooker Process 5.4 North America Industrial Phenol Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Industrial Phenol Market (2022-2029) 6.1. European Industrial Phenol Market, by Type (2022-2029) 6.2. European Industrial Phenol Market, by Application (2022-2029) 6.3. European Industrial Phenol Market, by Manufacturing Process (2022-2029) 6.4. European Industrial Phenol Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Industrial Phenol Market (2022-2029) 7.1. Asia Pacific Industrial Phenol Market, by Type (2022-2029) 7.2. Asia Pacific Industrial Phenol Market, by Application (2022-2029) 7.3. Asia Pacific Industrial Phenol Market, by Manufacturing Process (2022-2029) 7.4. Asia Pacific Industrial Phenol Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Industrial Phenol Market (2022-2029) 8.1 Middle East and Africa Industrial Phenol Market, by Type (2022-2029) 8.2. Middle East and Africa Industrial Phenol Market, by Application (2022-2029) 8.3. Middle East and Africa Industrial Phenol Market, by Manufacturing Process (2022-2029) 8.4. Middle East and Africa Industrial Phenol Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Industrial Phenol Market (2022-2029) 9.1. South America Industrial Phenol Market, by Type (2022-2029) 9.2. South America Industrial Phenol Market, by Application (2022-2029) 9.3. South America Industrial Phenol Market, by Manufacturing Process (2022-2029) 9.4 South America Industrial Phenol Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Aditya Birla Chemicals 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Mitsubishi 10.3 Shandong Sheng Quan Chemicals Co. Ltd. 10.4 PTT Phenol 10.5 Bayer Material Science 10.6 Capital Resin Corporation 10.7 Royal Dutch Shell. 10.8 AdvanSix Inc. 10.9 Solvay SA. 10.10 CEPSA Química. 10.11 Deepak Nitrite Limited. 10.12 Domo Chemicals. 10.13 Ineos Group Limited.