세계의 페놀 시장, 수요 분석 : 유형별, 용도별, 예측 분석(2034년)

Phenol is a vital industrial chemical used as a starting material in the production of many everyday products. Its simple structure and high reactivity make it an essential ingredient across multiple industries, including plastics, electronics, construction, textiles, and healthcare.

Phenol serves as a key raw material in the synthesis of high-performance plastics, synthetic fibers, and resins that provide durability, heat resistance, and chemical stability. It plays a crucial role in manufacturing automotive components, household goods, insulation materials, and even medical formulations.

Phenol Demand Analysis

The main applications of phenol include the production of Bisphenol-A (BPA), used in polycarbonate plastics and epoxy resins; phenolic resins, which are valued for their strength and heat resistance; and nylons, especially nylon-6, used in textiles and engineering plastics. Phenol is also used to produce alkylphenols for detergents and fuel additives, and phenylene oxides, which go into high-performance polymers. Other uses range from pharmaceuticals and disinfectants to dyes and adhesives.

Asia-Pacific continues to dominate the global phenol market, with China and India emerging as key growth centers. This leadership is driven by the region's robust manufacturing base, rapid urbanization, and increasing demand from end-use industries such as automotive, construction, electronics, and packaging. China, in particular, has heavily invested in expanding its chemical production capacity, including phenol and its downstream derivatives, to meet both domestic needs and export demands. India, with its growing industrial sector and favorable government policies, is also witnessing rising phenol consumption, particularly in construction materials and consumer goods.

Market Drivers

• Rising Demand for BPA and Phenolic Resins

One of the primary drivers of phenol demand is its use in the production of Bisphenol-A (BPA) and phenolic resins. BPA is crucial for manufacturing polycarbonate plastics and epoxy resins, which are widely used in automotive parts, electronics, building materials, and consumer goods. Similarly, phenolic resins are essential in circuit boards, insulation materials, and adhesives. As industries continue to seek strong, durable, and heat-resistant materials, the demand for these phenol-based products is growing. Their widespread applications across multiple sectors ensure a steady and robust market for phenol globally, especially in developing and industrializing regions.

• Rapid Industrial Growth in Asia-Pacific

Asia-Pacific, led by China and India, is experiencing rapid industrial growth and urban development, making it a key driver of phenol demand. Rising construction activity, increased manufacturing output, and expanding automotive and electronics sectors all contribute to higher consumption of phenol-based products. Governments in these countries are also investing in infrastructure and offering incentives for local chemical production, which encourages capacity expansion. This growth has positioned Asia-Pacific not only as the largest consumer but also a leading producer of phenol and its derivatives. The region's industrial momentum is estimated to continue fueling global demand in the foreseeable future.

Market Restraints

• Environmental and Health Concerns Over BPA

BPA, a major downstream product of phenol, has come under increasing scrutiny due to potential health risks, particularly when used in food and beverage containers. Studies linking BPA exposure to hormonal and developmental issues have prompted regulatory agencies to impose restrictions or recommend safer alternatives. As a result, the demand for BPA-free products is rising, especially in North America and Europe. This shift affects overall phenol consumption, pushing manufacturers to explore alternative materials and technologies. Growing consumer awareness and stricter safety standards may continue to restrain BPA-related phenol demand in several key markets around the world.

• Regulatory Pressures and Sustainability Demands

In developed regions like Europe and North America, environmental regulations and sustainability goals are becoming stricter. Phenol production, which relies heavily on petrochemical feedstocks like benzene, faces pressure to reduce emissions, energy consumption, and hazardous waste. Regulatory compliance increases operational costs and can deter new investments in traditional phenol production. The rising demand for bio-based or circular alternatives is gradually challenging the dominance of fossil-based phenol. As global industries move toward greener practices, producers are being pushed to adapt, which may limit growth or redirect investments toward more sustainable but potentially costlier solutions.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Application
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand-Supply Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Chemical
• Automotive
• Textile
• Others

5. Capacity (Plants & Projects) Analysis

• Capacity, by Company
• Capacity, by Country and by Region
• Capacity Overview, By Region and Country

6. Introduction to Phenol and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

7. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

8. Global Phenol Demand-Supply Analysis, By Application (Volume, Value) (2018 - 2034)

• Strategic Issues
• Demand-Supply Analysis and Forecast (2018 - 2034)
  • Capacity
  • Capacity Utilization (%)
  • Production
  • Imports
  • Exports
  • Net Exports
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
  • Global Phenol Market, By Application
• Bisphenol-A
• Phenolic Resins
• Nylons
• Alkylphenols
• Phenylene Oxides
• Others

9. Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2018 - 2034)

• Strategic Issues
• Capacity
• Capacity Utilization (%)
• Production
• Imports
• Exports
• Net Exports
• Demand
• Demand Growth Rate (%)
• Phenol Market, By Application

Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all the application to arrive at the regional / global Demand-Supply growth for the forecast period (2025 - 2034)

10. Pricing Analysis

• Average Phenol Prices, USD/Kg
• Average prices, by region
• Price Forecast

11. Key Strategic Issues

12. Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

13. Strategic Recommendation & Suggestions

14. Company Analysis

• Phenol Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Key Business Strategies adopted and Prismane Consulting Overview
  • Recent Developments
  • Companies Covered -
• Solvay
• INEOS
• CEPSA Quimica
• Polemeri Europa
• Novapex
• Borealis Group
• Kumbho P&B Chemicals
• DOMO Caproleuna
• PKN Orlen
• Kazanorgsintez
• Ufaorgsintez
• Mitsui Chemicals
• Qingdao Hisea Chem
• Solventis
• Royal Dutch Shell
• LG Chem
• Formosa Chemicals & Fibers Corporation
• PTT Phenol
• Sinopec Group
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

15. Appendices

• Demand-Supply - Regions
• Demand-Supply - Countries
• Capacities, 2018-2034