Phenol Market Intelligence

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Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Phenol category?

Are you looking for answers on Phenol category?

  • What are the key trends in Phenol category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Phenol industry?
  • How is Phenol industry performing?

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Report Coverage

  • Market Trends
  • Technology & Innovation Trends
  • Global Supplier List and Capabilities
  • Mergers and Acquisitions

Production Size

CAGR

4.2 Percent

Production Size North America

2.6 MMT

Production Size Asia Pacific (APAC)

7.2 MMT

Production Size EU

3.3 MMT

Table of contents

  1. Phenol Executive Summary
  2. Category Updates
  3. Supply Market Outlook
  4. Demand Market Outlook
  5. Industry Best Practices
  1. Phenol Market Analysis
  2. Global Market Size
  3. Global Market Outlook
  4. Demand Supply Trends and Forecast
  5. Key End-use Industries
  6. Trade Dynamics
  7. Regional Market Outlook (North America, EU, Asia)
  8. Regional Market Snapshot
  9. Demand Supply Trends and Forecast
  10. Trade Dynamics
  1. Phenol Industry Analysis
  2. Porter’s Five Forces Analysis
  3. Industry Drivers and Constraints
  4. Industry Events
  1. Phenol Cost and Pricing Analysis
  2. Cost Structure Analysis
  3. Price Forecast Caustic Soda
  1. Phenol Supplier Analysis
  2. Global Capacity Share by Suppliers
  3. Regional Capacity Share
  4. Exhaustive Supplier List
  5. Detailed Supplier Profiling and SWOT Analysis
  1. Phenol Industry Best Practices
  2. ngagement Models and Role of IPROs

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Global Market Outlook on Phenol

 

  • The global phenol market is expected to grow at a CAGR of 3.4 percent during 2017–2022
  • The growth is driven by demand from Asia, which is expected to grow at 4.9 percent, due to increase in the usage of BPA (used to make polycarbonates and epoxy resins)
  • The BPA demand is expected to be driven by automobile (4–5 percent) and construction (3–4 percent) industries for the next 2–3 year

price-forecast-phenol

Demand Market Outlook

  • The global phenol market has excess capacity, and it is expected to improve over the next 2–3 years, due to capacity additions, mainly in Asia
  • Sufficient capacity additions are being planned on par with demand growth, resulting in no significant decrease in the supply–demand gap; hence, giving more negotiation power to the buyers (particularly, large-volume buyers from the BPA segment)

Industry Best Practices

  • The top buyers and sellers negotiate monthly phenol contract prices, based on benzene contract prices, which are usually fixed at the start of a new month. These are later released via public domain or IPROs, which are used as reference by other market participants for further negotiations

North America

  • In the US, the contract period lasts for 1–2 years, with a scope for monthly and quarterly phenol market price revisions
  • Benzene contract prices are used as a starting point to arrive at phenol prices

EU

  • Being a balanced market and a key trade destination, importers (usually, small volume) engage in spot buying, while large-volume buyers are in contract ties with domestic producers
  • In the EU, similar to the US, benzene contract prices are used to arrive at phenol prices

APAC

  • Both spot and contract buying are followed; large number of distributors and traders import material from the US, which has increased the inclination of buying patterns toward the spot
  • Contract buying is prevalent in China, South Korea, and Japan, where both large-volume buyers and large capacities are installed throughout Asia

Global Market Size: Phenol

  • The global phenol market is expected to reach $14.4 billion by 2022, at a CAGR of 3.7 percent by 2023
  • The key market driving end uses are the automobile and construction segments
  • The phenol market is expected to grow, on the account of its commercial viability and rising demand for its derivatives, such as epoxy resins, polycarbonates, nylon, Bakelite, detergents, phenolic resins, pharmaceutical drugs, and herbicides

  • Moreover, the primary derivative from the phenol is  BPA,which is anticipated to boost the market over the forecast period

Global Capacity–Demand Analysis

  • Current market scenario (supply market): Excess supplied since 2010, with a consistent supply–demand gap of 2–3 MMT/year and is expected to remain the same for the next five years
  • Key trends in downstream demand: The rise in the GDP of the developing countries, such as India, Russia, China, Brazil, and Indonesia will fuel the growth of manufacturing industries in these regions and improve phenol demand

Global Demand by Application

  • Slow demand growth in North America and the EU: The demand is expected to grow at a steady rate in developed nations, as a result of stringent government norms to use this product, as it is toxic and harmful to the environment
  • The rising income and the increased purchasing power of people in the developing countries of APAC are expected to attract more investments in automotive, construction, and chemical industries, thus improving phenol growth

Global Imports

  • The Netherlands and Germany have been net importers of phenol for the past five years, mainly due to lack of domestic production units in the Netherlands and insufficient capacities in Germany (both the countries have the largest downstream epoxy resin production units installed)
  • India has surpassed China with only two manufacturers and has become the largest importing country in Asia

Global Exports

  • The US has been a net exporter for the past five years, with most of its partners being from North-western Europe and the Americas
  • Most of the countries in the EU are small-volume buyers, whose requirements are being met by Belgium and Finland, which have less phenol downstream capacity

Cost Structure Analysis

  • The average operating costs are high in the EU, due to less phenol producers being backward integrated to benzene
  • Asia is the cost-effective region, due to cheaper feedstock and labor, and it has one of the lowest electricity prices

 

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