Press Releases
 
Global Phenol Market at a Projected CAGR of more than 6% over the Forecast Period 2018-2023

united states, 5 July 2018 -- The global phenol market has been witnessing a positive growth over the past few years. This can be attributed to factors such as increasing demand for phenol derivatives coupled with rising focus on wind-energy.

Phenol, also referred to as benzenol, phenolic acid and monohydroxybenzene, is an aromatic organic chemical with the molecular formula C6H5OH. It is volatile and highly toxic compound which occurs as a white crystalline solid at room temperature. Earlier, it was sourced from coal tar, whereas, now it is produced from petroleum at a large scale. Phenol and its derivatives play a vital role in the production of epoxies, nylon, herbicides, polycarbonates, detergents and numerous pharmaceutical drugs. A new research report by IMARC Group, titled “Phenol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the global phenol market crossed a value of US$ 19 Billion in 2017. The report further anticipates the market value to reach US$ 28 Billion by 2023, at a projected CAGR of more than 6% over the forecast period.

Request a free report sample: https://www.imarcgroup.com/request?type=report&id=581&flag=B

Global Phenol Market Drivers/Constraints:

Bisphenol-A, a derivative of phenol, is used to produce epoxy resins which are further utilized in the manufacturing of rotor blades for wind turbines. As a result of the mounting focus on renewable energy, the demand for wind turbine rotor blades is witnessing a surge, in turn, creating positive growth prospects for the phenol market.

Phenol-resins find wide applications in the manufacturing of thermosetting plastics which are extensively used in the production of electrical components such as electron tubes, insulators, and sockets. A surge in the demand for these components, particularly in the emerging markets, is projected to facilitate the phenol market growth.

The bolstering consumption of phenol derivatives such as caprolactam, phenylamine, alkylphenols, chloro-phenols and salicylic acid in a number of end-use industries represents another major growth-inducing factor.

Over the past few years, the price of phenol has witnessed a number of fluctuations owing to changing price of its raw materials – benzene and propylene. This acts as one of the major challenges faced by the global phenol market.

Source: https://www.imarcgroup.com/global-phenol-market

# # #


Media Contacts:
IMARC Group
USA: +1-631-791-1145
Email:
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

Image Attached Image Attached Download file at: https://www.imarcgroup.com/files/images/phenol-market-report-2018.png
(Right click and save file to download.)

Document Attached Image Attached Download file at: https://www.imarcgroup.com/phenol-technical-material-market-report-3
(Right click and save file to download.)

Submitted by Imarc Group, IMARC Group on Thursday, 5 July 2018 at 4:57 PM
Category: Science & Research
 
Related News

Global Insulin Pumps Market Analysis: Trends and Future Prospects 2025
Saturday, 22 Sep 2018

Global Pen Needles Market Analysis, Size, Growth, Trends and Forecast 2025
Saturday, 22 Sep 2018

Overview Global Ion Exchange Resins Market 2018: Growth, Demand and Forecast Research Report to 2023
Thursday, 20 Sep 2018

U.S. Autism Treatment Market Analysis, Size, Growth, Trends and Forecast 2022
Wednesday, 19 Sep 2018

U.S. Autism Treatment Market Analysis, Size, Growth, Trends and Forecast 2022
Wednesday, 19 Sep 2018

Related Events

International SAP Conference for Building Materials, Prague, 2018
Tuesday, 16 Oct 2018

Future Armoured Vehicles Survivability 2018
Tuesday, 13 Nov 2018

Global Forum for Innovations in Agriculture - GFIA in Focus Australia
Tuesday, 27 Nov 2018

Argus LPG and Petrochemical Feedstocks in Shanghai - November 2018
Tuesday, 27 Nov 2018

EDEX - Egypt Defence Expo, 3-5 December 2018, Cairo
Monday, 3 Dec 2018

Latest News

ABAC & G-PMC Celebrate Work Uniting Veterans To Take On ANAB-IAF Anti-American Practices
Sunday, 23 Sep 2018

Why It Is Vital To Count Words And Use A Word Counter Free Online
Sunday, 23 Sep 2018

Michelle Kwan’s ‘Casa del Sole’ sold in Newport, RI
Sunday, 23 Sep 2018

Book a Reputed Hotel in Plainview Texas to Make Your Stay Pleasurable and Memorable
Sunday, 23 Sep 2018

Book the Best Woodlands Texas Hotel to Enjoy Great Vacation
Sunday, 23 Sep 2018

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2018
Today is Sunday, 23 September 2018

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Phoenix Empowerment And Training Retreat in Peterborough
  • Academy of Integrative Health
  • Entrepreneurs & Start-ups - Success Summit - limited free early bird tickets
  • Entrepreneurs & Start-ups - Success Summit - limited free early bird tickets
  • Entrepreneurs & Start-ups – Success Summit - limited free early bird tickets

  • Latest Jobs
    Sorry, there are currently no entries posted here.