The global phenol derivatives market is expected to grow at a CAGR of 7.22%, reaching a market size of US$38.959 billion in 2030 from US$27.497 billion in 2025.
Phenol derivatives are chemicals generated from phenol used for several reasons, including mouthwash, skin disinfection, and treatment of perianal infections. They should be used with caution during pregnancy, at concentrations of no more than 2%, and only on undamaged skin to minimize possible absorption and side effects.
Factors driving the phenol derivatives market include increased demand for plastics, medicines, coatings, and industrial uses. Economic development, technical improvements, and government policies all play important roles in market expansion.
In addition, it has been found that the electronics sector uses these derivatives to manufacture accessories such as circuit boards. Research has shown that, due to the increase in the world’s population and urbanization, the use of plastics has increased since, with infrastructure development comes an increased need for more plastics.
Phenol derivatives find application in the manufacture of adhesives, coatings, and plastics, all of which are products that are on the rise owing to increased industrialization. This tendency is further supported by the development of chemical manufacturing capacities in different countries, including China and India, where production capacity is being expanded to meet domestic as well as export markets.
At the corporate level, private businesses are investing in climate projects, especially BASF, Germany’s largest chemical company, which plans to spend up to one billion Euros by 2025 to attain its 2021 climate goal. The company is further planning to increase this by 2-3 billion euros by 2030. The growth in the chemical industry, coupled with sustainability initiatives, is fuelling the phenol derivatives market.
Furthermore, rising urbanization and population expansion are causing an increase in demand for consumer products, which frequently use phenol derivatives in their manufacturing processes. For instance, China is the largest market globally for automobiles by car sales, with local production expected to hit 35 million units by 2025. According to the Ministry of Industry and Information Technology, automobile sales totaled more than 26 million, including 21.48 million passenger vehicles in 2021, rising by 7.1% from 2020. Meanwhile, the sale of commercial vehicles stood at 4.79 million units in 2021, down by 6.6% against 2020. Nonetheless, demand for building materials and other consumer goods increases with the growth of cities, leading to even higher industry growth.
Phenol derivatives are chemicals generated from phenol used for several reasons, including mouthwash, skin disinfection, and treatment of perianal infections. They should be used with caution during pregnancy, at concentrations of no more than 2%, and only on undamaged skin to minimize possible absorption and side effects.
Factors driving the phenol derivatives market include increased demand for plastics, medicines, coatings, and industrial uses. Economic development, technical improvements, and government policies all play important roles in market expansion.
Global phenol derivatives market drivers
An important factor and a global trend contributing to the phenol derivatives market growth is the increasing necessity to produce plastics and resins. Phenol derivatives, particularly bisphenol-A (BPA) and phenolic resins, are also used in synthesizing high-performance and lightweight plastic materials with excellent mechanical properties and chemical and thermal stabilities. The automotive industry is applying phenolic polymers to enhance car fuel efficiency, while construction industries are using phenolic resins for insulating materials and structures. According to the new residential construction data conveyed by the U.S. Census Bureau in partnership with the U.S. Dept. of Housing & Urban Development in April 2024, the number of building permits reported was 1,440,000, and the number of housing completions was 1,623,000.In addition, it has been found that the electronics sector uses these derivatives to manufacture accessories such as circuit boards. Research has shown that, due to the increase in the world’s population and urbanization, the use of plastics has increased since, with infrastructure development comes an increased need for more plastics.
Global phenol derivatives market geographical outlook
Asia Pacific’s phenol derivatives market is anticipated to grow significantly.
The Asia Pacific phenol derivatives market is expected to increase significantly, driven by growing demand from key end-user sectors such as automotive, construction, and electronics. As of 2024, the electronics market in India is valued at US$155 Billion, of which domestic production accounts for 65%, as stated by Invest India.Phenol derivatives find application in the manufacture of adhesives, coatings, and plastics, all of which are products that are on the rise owing to increased industrialization. This tendency is further supported by the development of chemical manufacturing capacities in different countries, including China and India, where production capacity is being expanded to meet domestic as well as export markets.
At the corporate level, private businesses are investing in climate projects, especially BASF, Germany’s largest chemical company, which plans to spend up to one billion Euros by 2025 to attain its 2021 climate goal. The company is further planning to increase this by 2-3 billion euros by 2030. The growth in the chemical industry, coupled with sustainability initiatives, is fuelling the phenol derivatives market.
Furthermore, rising urbanization and population expansion are causing an increase in demand for consumer products, which frequently use phenol derivatives in their manufacturing processes. For instance, China is the largest market globally for automobiles by car sales, with local production expected to hit 35 million units by 2025. According to the Ministry of Industry and Information Technology, automobile sales totaled more than 26 million, including 21.48 million passenger vehicles in 2021, rising by 7.1% from 2020. Meanwhile, the sale of commercial vehicles stood at 4.79 million units in 2021, down by 6.6% against 2020. Nonetheless, demand for building materials and other consumer goods increases with the growth of cities, leading to even higher industry growth.
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- Historical data & forecasts from 2022 to 2029
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
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The global phenol derivatives market is segmented and analyzed as follows:
By Derivatives
- Bisphenol-A
- Phenolic Resin
- Caprolactam
- Adipic Acid
- Other Derivatives
By Application
- Plastics
- Pharmaceuticals
- Coatings
- Industrial
By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of the Middle East and Africa
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Rest of Asia-Pacific
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. GLOBAL PHENOL DERIVATIVES MARKET BY DERIVATIVES
6. GLOBAL PHENOL DERIVATIVES MARKET BY APPLICATION
7. GLOBAL PHENOL DERIVATIVES MARKET BY GEOGRAPHY
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
9. COMPANY PROFILES
Companies Mentioned
- JFE Chemical Corporation
- Solvay
- AdvanSix
- BASF SE
- Cepsa Chemicals
- INEOS Phenol
- Mitsubishi Chemical Corporation
- Mitsui Chemicals India
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | November 2024 |
| Forecast Period | 2025 - 2030 |
| Estimated Market Value ( USD | $ 27.5 billion |
| Forecasted Market Value ( USD | $ 38.96 billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
