The global demand for Phenol & Acetone Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Phenol is a highly versatile aromatic organic compound. It is a white crystalline solid, and mildly acidic, requires careful handling. It finds application in industries including plastics, resins, detergents, herbicides, pharmaceuticals, and cosmetics. Acetone is a colorless, flammable, volatile organic compound. It is primarily used to produce other chemicals or products such as nail polish removers, paint thinner, film lacquers, cleaners, coatings, cement, paint, and adhesives. It is also used for cleaning in households, commercial operations, and laboratories.
Expanding population and industrialization is steering the growth of the global phenol & acetone market. Rising demand for acetone & phenol derived product across industries such as chemical manufacturing, petrochemical, pharmaceutical, paints, and cement to fuel market growth. These factors together with rising per capita income, lifestyle changes, and growing preference for high-performance products, drive the demand for the acetone & phenol market during the forecast period. Market participants are expanding their production capacities to meet growing demand. However, economic uncertainties aroused due to the COVID-19 pandemic are projected to hinder the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of phenol & acetone.
The entire phenol & acetone market has been sub-categorized into product and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Bisphenol A
- Phenolic Resin
- Methyl Methacrylate
This section covers regional segmentation which accentuates on current and future demand for phenol & acetone market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Phenol & Acetone Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the phenol & acetone market include Ineos, PTT Phenol, Mitsui Chemicals, CEPSA, Kumho P & B, Shell, Taiwan Prosperity, Chang Chun Group, Sinopec & Mitsui, Formosa, AdvanSix, DowDuPont, LG Chem, Sabic, Versalis, Mitsubishi Chemical, ALTIVIA, Borealis Polymers. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.