NEW YORK, Oct. 22, 2021 /PRNewswire/ -- The phenol market is expected to grow by USD 3.16 bn from 2020 to 2024, progressing at a CAGR of over 4%, according to Technavio. The report offers an up-to-date analysis as well as exact growth variance and the Y-O-Y growth rate.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
Although the rising demand from developing economies will offer immense growth opportunities, safety concerns associated with the use of phenol will challenge the growth of market participants.
Phenol Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the phenol market, including Compañía Española de Petróleos SA, Covestro AG, Honeywell International Inc., INEOS Group Holdings SA, Kumho Petrochemical Co. Ltd., Mitsubishi Chemical Holdings Corp., Mitsui Chemicals Inc., PTT Global Chemical Plc, Royal Dutch Shell Plc, and Solvay SA. Backed with competitive intelligence and benchmarking, our research report on the phenol market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist phenol market growth during the next five years
Estimation of the phenol market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the phenol market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of phenol market vendors
Formaldehyde Market: The formaldehyde market has been segmented by end-user (construction and furniture, automotive, and others), derivatives (urea formaldehyde, phenol formaldehyde, melamine formaldehyde, polyoxymethylene, and others), and geography (APAC, North America, Europe, South America, and MEA). Download Free Sample Report
Polyphenol Market: The polyphenol market has been segmented by type (grape seed, tea, apple, and others), application (functional beverage, functional food, dietary supplement, and others), and geography (APAC, Europe, North America, South America, and MEA). Download Free Sample Report
Phenol Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of over 4%
Market growth 2020-2024
USD 3.16 billion
YoY growth (%)
APAC, Europe, MEA, North America, and South America
Performing market contribution
APAC at 53%
Key consumer countries
China, Taiwan, and South Korea (Republic of Korea)
Leading companies, competitive strategies, consumer engagement scope
Compañía Española de Petróleos SA, Covestro AG, Honeywell International Inc., INEOS Group Holdings SA, Kumho Petrochemical Co. Ltd., Mitsubishi Chemical Holdings Corp., Mitsui Chemicals Inc., PTT Global Chemical Plc, Royal Dutch Shell Plc, and Solvay SA
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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