Portland, OR, Oct. 12, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global phenol derivative market was estimated at $36.6 billion in 2021 and is expected to hit $56.5 billion by 2031, registering a CAGR of 4.6% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $36.6 Billion |
| Market Size in 2031 | $56.5 Billion |
| CAGR | 4.6% |
| No. of Pages in Report | 342 |
| Segments Covered | Derivative, End-use Industry, and Region. |
| Drivers | Increasing use of liquid detergents, mouth wash, floor cleaners, and disinfectants |
| Opportunities | Improved sales targeting efficiency |
| Restraints | Presence of caustic substances in phenol |
Covid-19 Scenario-
- The distorted supply & demand chain from industries such as chemical, textile, automotive impacted the global phenol derivative market negatively.
- However, there was an increase in demand for phenol derivatives from the electrical and electronics industry since utilization of electronics products witnessed an inclined curve.
The global phenol derivative market is analyzed across derivative, end-use industry, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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Based on derivative, the Bisphenol-A (BPA) segment held more than half of the total market revenue in 2021, and is expected to dominate by 2031. The phenolic resin segment, on the other hand, would manifest the fastest CAGR of 5.1% throughout the forecast period.
Based on end-use industry, the chemicals segment garnered more than one-fourth of the total market revenue in 2021, and is expected to dominate by 2031. The electrical and electronics segment, however, would project the fastest CAGR of 5.3% throughout the forecast period.
Based on region, the global phenol derivative market across Asia-Pacific generated nearly half of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The same region would also showcase the fastest CAGR of 5.3% during the forecast period. The other provinces analyzed through the report include North America, Europe, and LAMEA.
The key market players analyzed in the global phenol derivative market report include Covestro AG, Dow Inc., Exxon Mobil Corporation, Kumho P & B Chemicals., Inc, Formosa Chemicals & Fibre Corp, Hexion Inc, Shell Plc, Cepsa, Honeywell International Inc., Mitsui Chemicals, Inc, PTT Phenol Company Limited, SABIC, Solvay SA, Ineos, and Mitsubishi Chemical Holdings Corporation. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
