Shopping, Retail News & Press Release Distribution Services
GroupWeb News Network
Submit RSS Feed
Submit Press Release
Unlimited Press Release Distribution
News Media List
MSNBC Retail News
New York Times
Retail Technology Review
Special Retail Report
Women's Wear Daily
RSS News Feed
Get your news feed listed here as other news media shown above!
Submit RSS News Feed
Retail, Shopping News Releases
Search retail news:
Global Phenol Market Trends, Drivers, Growth Opportunities, Challenges, and Investment Opportunities
, June 21, 2019 ) As per the latest report by IMARC Group, entitled “
Global Phenol Market Research Report and Forecast 2019-2024
”, the global phenol market reached a value of US$ 20 Billion in 2018, growing at a CAGR of more than 3% during 2011-2018. Phenol (C6H5OH), also known as benzenol, phenolic acid and monohydroxy benzene, is an aromatic organic chemical compound which is volatile and highly toxic in nature. In comparison with alcohol, phenol is more soluble in water and has a higher boiling point and acidity. While it was earlier sourced from coal tar, it is now primarily produced using petroleum. As phenol and its derivatives play a pivotal role in the production of epoxies, nylon, herbicides, polycarbonates and detergents, there is a high demand for phenol across the world.
Get a PDF Sample for more detailed market:
Over the past few decades, the phenol industry has experienced a significant change on account of technological advancements in the production of phenol. New catalysts and processes have now been commercialized for the manufacturing of cumene via alkylation of benzene with propylene. Recent process design innovations have also been utilized for the cumene hydroperoxide route which remains the preferred process for the production of phenol. These advancements have assisted in improving the yield and safety and reducing the processing cost of the phenol production process. Moreover, owing to the antiseptic and disinfectant properties, phenol is used as a raw material in the production of drugs; as an industrial cleaner for different parts of machines and electronic equipment; and for manufacturing intense colored dyes and everyday products such as inks, floor cleaners and liquid detergents. Further, rapid economic growth and increasing construction activities in the residential and commercial sectors of developing countries are anticipated to propel the market growth in upcoming years. Looking forward, the market value is projected to exceed US$ 28 Billion by 2024, expanding at a CAGR of more than 5% during 2019-2024.
Browse full report with detailed TOC and list of figures and tables:
Insights on Market Segmentation:
Market by End-Use:
1. Bisphenol A
2. Phenolic Resins
4. Alkyl Phenyls
On the basis of end-uses, the market has been divided into bisphenol A, phenolic resins, caprolactam, alkyl phenyls and others. Amongst these, bisphenol A dominates the market owing to its expanding industrial applications.
Performance of Key Regions:
1. Asia Pacific
3. United States
4. Middle East and Africa
5. Latin America
Region-wise, the market has been segmented into Asia Pacific, Europe, United States, Middle East and Africa, Latin America, and Others. Currently, Asia Pacific is the leading producer as well as consumer of phenol.
The competitive landscape of the market has also been examined with some of the key players being INEOS Phenol, Cepsa Quimica Sa, Mitsui Chemicals, and Formosa Chemicals & Fiber.
Browse similar reports by IMARC Group:
Global Oman PVC Pipes Market Research Report and Forecast:
Global Advanced Composites Market Research Report and Forecast:
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.
IMARC Services Pvt. Ltd.
Retail News by Sector
Sign-Up To Our Free Newsletter!
Shopping and Retail NewsWire
Retail RSS Marketpalce
Target Press Releases
News releases from Target. Second retail giant in America.
Free Food & Beverage Magazines and Downloads
Get free publications including magazines, white papers about the food and beverage industry.
Submit RSS news feed on Retail, Shopping
Have your feed on news, products or services displayed under this marketpalce. The feed also displayed on a full page and updated daily.
Add RSS feed Now!
Shopping-Newswire is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.
For unlimited press release distribution for $99 per month or $999 per year, call (281) 645-4086 or start posting your press releases online at
Copyright 2009 GroupWeb Media LLC
GroupWeb Media Network
Food Beverage News
- Newswire and Press Release service of GroupWeb Media LLC