Data Bridge Market research has recently released expansive research titled "Global Phenolic Compounds Market" guarantees you will remain better informed than your competition. This study provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. Phenolic Compounds market research report is composed of myriad of factors that have an influence on the market and include industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, market drivers, market restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis and key company profiles. In addition, businesses can gain insights into profit growth and sustainability programme with this report. Business intelligence is an essential aspect when it comes to accomplish thorough and wide-ranging market insights and the same is applied for producing Phenolic Compounds market report.
Market Analysis and Insights : Global Phenolic Compounds Market
The phenolic compounds market is expected to witness market growth at a rate of 6.90% in the forecast period of 2021 to 2028 and is expected to reach USD 39.64 billion by 2028. Data Bridge Market Research report on phenolic compounds market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growing demand from automotive and electronics goods is escalating the growth of phenolic compounds market.
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Phenol refers to a white crystalline solid organic chemical which causes chemical burns due to its acidic properties. Phenol is known to be an aromatic hydrocarbon that is utilized as a precursor to manufacture various chemical intermediates including bisphenol A, phenolic resins, caprolactam, andadipic acid and alkyl phenols. Cumene peroxidation process, rasching process, toluene two-stage oxidation process and sulphonation process are the four processes done to manufacture the product. The compound is also used as a raw material in perfumery derivatives, phenolic resins, explosives, pesticides, plastics, surfactants, pharmaceuticals, disinfectants, plywood and laminates and dyes.
The use of phenolic compounds in numerous industrial applications such as production of plastics and explosives including picric acid, manufacturing of drugs and antioxidants, making intense colored dyes, in wood preservatives and in everyday products including mouthwash, liquid detergents, inks, floor cleaners and disinfectants among others act as one of the major factors driving the growth of phenolic compounds market. The increasing rate of construction activities in the residential and commercial domains because of rapid economic development globally and the utilization of resins in the production of plywood, laminated beams and flooring panels accelerate the phenolic compounds market growth. The high usage of phenolic resins in the manufacturing of thermosetting plastics which are further utilized in the production of electrical components including electron tubes, insulators and sockets and the employment of paper phenolics in manufacturing household laminates and paper composite panels and glass phenolics also influence the phenolic compounds market. Additionally, growing research and development activities, commercialization of new catalysts and processes and expansion of manufacturing industries positively affect the phenolic compounds market. Furthermore, technological advancement in the production processes and process design innovations extend profitable opportunities to the phenolic compounds market players in the forecast period of 2021 to 2028.
Key Market Players mentioned in this report: Dow, INEOS, CEPSA, Honeywell International Inc., LG Chem, Shell, KUMHO PETROCHEMICAL, PTT Global Chemical Public Company Limited, Solvay, Novapex, allnex group, IMEXBB, Axiall Corporation, Borealis AG, Chang Chun Group, Versalis S.p.A., Taiwan Prosperity Chemical Corporation, Altivia, Automatic Control Department, Hexion, DOMO CHEMICAL, SABIC, Mitsui Chemicals, Inc.
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Segmentation:- Phenolic Compounds Market
The phenolic compounds market is segmented on the basis of application, manufacturing process and end use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of application, the phenolic compounds market is segmented into epoxy resins, polycarbonates, nylon, bakelite, detergents, phenolic resins, pharmaceutical drugs and herbicides.
- On the basis of manufacturing process, the phenolic compounds market is segmented into cumene process, dow process and rasching hooker process.
- On the basis of end use, the phenolic compounds market is segmented into bisphenol-A, phenol formaldehyde resin, nylon-KA Oil, PPO/orthooxylenol and alkyl phenol.
Phenolic Compounds Market, By Region:
The phenolic compounds market is analyzed and market size, volume information is provided by country, application, manufacturing process and end use as referenced above.
The countries covered in the phenolic compounds market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the phenolic compounds market because of the extensive use of BPA which finds its application in manufacturing polycarbonates and epoxy resins, increasing consumer spending on comfort, rising disposable income, rapid urbanization and demand for furniture, automobiles, household and industrial appliances and agricultural equipment.
The country section of the phenolic compounds market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Reasons to Consider This Report:
- Save the time and resources required for entry level research by getting an insight into the leading players and segments of global Phenolic Compounds market.
- The report highlights key business priorities which will help companies to reform their business strategies and establish themselves in the global market.
- The key findings and recommendations given in the report emphasize on crucial progressive industry trends in the Phenolic Compounds Market thereby enabling players to develop effective long term strategies in order to garner their market revenue.
- Gain crucial insights into global market trends and outlook and the factors driving and hindering market growth.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Queries Resolved In This Report:
- Which will be the specialties at which Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set a nearness?
- Which will be the foreseen development rates for your own economy out and out and furthermore for each portion inside?
- Which will be the application and sorts and estimate joined intently by makers?
- What will be the dangers that will attack growth?
- The length of the global market opportunity?
- How does Market share advance vacillations their value from various assembling brands?
Table of Contents: Global Phenolic Compounds Market
Covid-19 Impact on Phenolic Compoundsin Healthcare Industry
Global Phenolic Compounds Market, by Product Type
Global Phenolic Compounds Market, by Modality
Global Phenolic Compounds Market, by Type
Global Phenolic Compounds Market, by Mode
Global Phenolic Compounds Market, by End User
Global Phenolic Compounds Market, by Geography
Global Phenolic Compounds Market, Company Landscape
Check Complete Table of Contents with List of Table and Figures @ https://www.databridgemarketresearch.com/toc/?dbmr=global-phenolic-compounds-market
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