Phenol Market
Regions Covered
USA
SEA
Europe
Regions Covered
USA
SEA
Europe
The global phenol market is expected to reach $14.4 billion by 2022, at a CAGR of 3.4 percent from 2017 to 2022. 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. 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 years. With 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.
Beroe gathers intelligence through primary sources that include industry experts, researchers and consultants, as well as current suppliers, producers and distributors. Secondary sources can include subscriptions, business journals, newsletters, magazines, market research data, company sources and industry associations. Following data collation, analysis and strategic review, the final report is published.
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