Global
phenol derivatives market is projected to reach $ 19.9 billion by 2024, growing
at a CAGR of 4.9% during the forecast period. Phenol derivatives find various
applications in electronics & electrical goods and automobiles through
polycarbonate and epoxy resins. Growing demand from wind energy industry is
being witnessed, owing to huge use of epoxy resins in the production of wind
turbine blades. Shale oil/tight oil contains more amount of naphtha than
conventional oil, thus growing shale oil exploration and production activities would
further increase the feedstock supply.
Global market for phenol derivatives has
been segmented into raw material, technology, derivative and region. Based on
raw material, the market has been categorized into toluene, benzene, propylene
and others. Among these, benzene and propylene are the most preferred raw
materials for phenol derivatives. Further, based on technology, the market has
been segmented into toluene two stage oxidation process, cumene peroxidation
process, raschig process, and sulphonation process. While based on derivative,
the market has been segmented into caprolactam, bisphenol-A, phenolic resin,
alkylphenol and others. Of all the derivatives, the bisphenol-A segment is
expected to dominate the market during the forecast period, backed by its use
in the production of polycarbonates and epoxy resins. Polycarbonate is majorly
used in food & drink packaging such as water & baby bottles, compact
discs, impact-resistant safety equipment and medical devices, while epoxy
resins are used to coat metal products such as food cans, bottle tops and water
supply pipes.
Regionally,
the market has been segmented into North America, South America, Europe, Asia
Pacific and Middle East & Africa. Among these, the Asia-Pacific is expected
to register the fastest growth in global phenol derivatives market in coming
years. India, China, South Korea and Japan are the major consumers of phenol
derivatives in the Asia-Pacific region. The demand for phenol derivatives is
mainly driven by rising population and increasing urbanization in these
countries, which in turn is resulting in huge demand for electronics and
automotive goods.
Some
of the leading players operating in the market include Royal
Dutch Shell Plc, Mitsui Chemicals, Inc., The DOW Chemical Company, INEOS, Saudi
Basic Industries Corporation (SABIC), Compañía Española De Petróleos S.A.U.
(CEPSA), Honeywell International Inc., LG Chem, Kumho Petrochemical Co., Ltd., PTT
Global Chemical Public Company Limited, among others.
Years considered for this report:
Historical Years: 2014-2017
Base
Year: 2018
Estimated
Year: 2019
Forecast
Period: 2020-2024
Objective of the Study:
- To analyze and forecast global phenol
derivatives market size.
- To
forecast global phenol derivatives market based on raw material,
technology, derivative and regional distribution.
- To identify drivers and challenges for global phenol
derivatives market.
- To examine competitive developments such as expansions,
new product launches, mergers & acquisitions, etc., in global phenol
derivatives market.
- To conduct the pricing analysis for phenol
derivatives market.
- To identify and analyze the profile of leading
players involved in the manufacturing of phenol derivatives.
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Some
of the leading players in global phenol derivatives market are Royal Dutch
Shell Plc, Mitsui Chemicals, Inc., The DOW Chemical Company, INEOS, Saudi Basic
Industries Corporation (SABIC), Compañía Española De Petróleos S.A.U. (CEPSA),
Honeywell International Inc., LG Chem, Kumho Petrochemical Co., Ltd., PTT
Global Chemical Public Company Limited, among others.
TechSci
Research performed both primary as well as exhaustive secondary research for
this study. Initially, TechSci Research sourced a list of leading manufacturers
across the globe. Subsequently, TechSci Research conducted primary research
surveys with the identified companies. While interviewing, the respondents were
also enquired about their competitors. Through this technique, TechSci Research
could include the manufacturers which could not be identified due to the limitations
of secondary research. TechSci Research analyzed the product offerings,
distribution channels and presence of all major players operating in global phenol derivatives market.
TechSci Research
calculated global phenol
derivatives market size using a top-down approach, where data
for various end-user segments was recorded and forecast for the future years.
TechSci Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target Audience:
- Phenol Derivatives manufacturers
and suppliers
- Government and other
regulatory bodies
- Organizations,
forums and alliances related to Phenol Derivatives
- Research institutes and organizations
The study is useful
in providing answers to several critical questions that are important for the
industry stakeholders such as manufacturers and partners, end users, etc.,
besides allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, global
phenol derivatives market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Market, by Raw Material:
- Propylene
- Toluene
- Benzene
- Others
- Market, by Technology:
- Raschig Process
- Toluene Two Stage Oxidation Process
- Cumene Peroxidation Process
- Sulphonation Process
- Market, by Derivative:
o
Bisphenol-A
§ Polycarbonate
o Optical
Media
o Automotive
o Electrical
& Electronic Appliances
§ Epoxy
Resin
o Marine
o Can
Coating
o Others
o Phenolic
Resin
§ Bakelite
o Coating
Industry
o Adhesives
§ Others
o Caprolactam
§ Nylon
Fiber
o Textile/Fabric
o Industrial
Yarn
o Alkylphenol
§ Detergents
§ Additives
o Other
Derivatives
§ Aminophenol
o Dye
o Pharmaceutical
Drugs
§ Cresol
o Antioxidants
o Pesticides
- Market, by Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Europe
- United Kingdom
- Italy
- France
- Germany
- Russia
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in global phenol derivatives market.
Available Customizations:
With the given market
data, TechSci Research offers customizations according to a company’s specific
needs. The following customization options are available for the report:
Company
Information
- Detailed analysis and profiling of additional market
players (up to five).
Profit
Margin Analysis
- Profit margin analysis in case of direct and indirect
sales channel.
In case you don’t find what you are looking for,
please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to be released soon. If
you wish an early delivery of this report or want to confirm the date of
release, please contact us at sales@techsciresearch.com