Market Overview:
The global phenol and acetone market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for phenol and acetone in various applications such as bisphenol A, phenolic resin, caprolactam, methyl methacrylate, and others. In addition, the growing demand for these products from developing countries is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period.
Product Definition:
Phenol is an aromatic organic compound with the molecular formula C6H5OH. It is a colorless crystalline solid that is slightly soluble in water. Phenol has a characteristic odor reminiscent of benzene. Acetone is a colorless, volatile, flammable liquid ketone with the molecular formula CH3COCH3. It is the simplest ketone and has been used commercially as a solvent for paints and varnishes, as well as being produced on a large scale from propylene.
Phenol:
Phenol is a chemical compound and it has many industrial uses. Phenol is a clear, crystalline, volatile liquid that exists in two forms - ortho and para - which are derived from different sources. Ortho-phosphoric acid (HPA) and para-hydroxypropionic acid (PHPA) are the most common types of phenols found in nature.
Acetone:
Acetone is an organic compound and it's a colorless & flammable liquid with a strong odor. It has a similar structure to that of ethanol but higher acidity levels. Acetone is mainly used in the production of phenol which further is used for producing polycarbonate resins, paints & coatings, adhesives & sealants and printing inks among others.
Application Insights:
Bisphenol A dominated the global phenol & acetone market in terms of revenue share in 2017. This is owing to its usage as a building block for numerous industrial applications such as polycarbonate, epoxy, and polyester resins. In addition, it is used for producing plastics and rubber components that are essential for the construction industry across various regions. Phenolic resin emerged as the second-largest application segment with a significant share of over 7% in 2017 on account of its rising demand from end-use industries including automotive and construction. It finds application across numerous industries due to properties such as high strength along with excellent chemical resistance which makes it suitable for use in furniture feetpads, skid steer parts where durability is required at an affordable cost.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various end-use industries, such as construction, packaging, and automotive. China is one of the largest producers as well as consumers of these chemicals globally. It has been observed that a large number of Chinese manufacturers have shifted their production bases outside China owing to stringent regulations by various regulatory bodies in the country regarding emission levels and manufacturing practices. This factor will also contribute toward regional phenol & acetone market growth over the next eight years.
The European region accounted for a significant share in terms of volume consumption in 2017 due to rapid industrialization coupled with increasing per capita income levels among countries like Germany, Ural River area Countries (Russia), Turkey etc.
Growth Factors:
- Increasing demand from end-use industries such as paints & coatings, adhesives, and sealants
- Rising demand for phenol and acetone in Asia Pacific region
- Growing use of phenol and acetone in the production of plastics
- Increasing application scope of phenol and acetone in the pharmaceutical industry
- Technological advancements in the production process
Scope Of The Report
Report Attributes
Report Details
Report Title
Phenol & Acetone Market Research Report
By Type
Phenol, Acetone
By Application
Bisphenol A, Phenolic Resin, Caprolactam, Methyl Methacrylate, Other
By Companies
Ineos, CEPSA, Shell, Mitsui Chemicals, Sinopec & Mitsui, Chang Chun Group, Kumho P&B, PTT Phenol, Formosa, Taiwan Prosperity, LG Chem, Mitsubishi Chemical, Borealis Polymers, Versalis, AdvanSix, Sabic, ALTIVIA, DowDuPont
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Phenol & Acetone Market Report Segments:
The global Phenol & Acetone market is segmented on the basis of:
Types
Phenol, Acetone
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bisphenol A, Phenolic Resin, Caprolactam, Methyl Methacrylate, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ineos
- CEPSA
- Shell
- Mitsui Chemicals
- Sinopec & Mitsui
- Chang Chun Group
- Kumho P&B
- PTT Phenol
- Formosa
- Taiwan Prosperity
- LG Chem
- Mitsubishi Chemical
- Borealis Polymers
- Versalis
- AdvanSix
- Sabic
- ALTIVIA
- DowDuPont
Highlights of The Phenol & Acetone Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Phenol
- Acetone
- By Application:
- Bisphenol A
- Phenolic Resin
- Caprolactam
- Methyl Methacrylate
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Phenol & Acetone Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Phenol is a chemical compound with the formula C6H5OH. It is a white solid that can be found in many common household items, such as cleaning products and paint. Acetone is also a chemical compound, but with the formula CH3COOH. It is also a white solid, but it has an unpleasant odor that makes it difficult to work with.
Some of the major players in the phenol & acetone market are Ineos, CEPSA, Shell, Mitsui Chemicals, Sinopec & Mitsui, Chang Chun Group, Kumho P&B, PTT Phenol, Formosa, Taiwan Prosperity, LG Chem, Mitsubishi Chemical, Borealis Polymers, Versalis, AdvanSix, Sabic, ALTIVIA, DowDuPont.
The phenol & acetone market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Phenol & Acetone Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Phenol & Acetone Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Phenol & Acetone Market - Supply Chain
4.5. Global Phenol & Acetone Market Forecast
4.5.1. Phenol & Acetone Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Phenol & Acetone Market Size (000 Units) and Y-o-Y Growth
4.5.3. Phenol & Acetone Market Absolute $ Opportunity
5. Global Phenol & Acetone Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Phenol & Acetone Market Size and Volume Forecast by Type
5.3.1. Phenol
5.3.2. Acetone
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Phenol & Acetone Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Phenol & Acetone Market Size and Volume Forecast by Application
6.3.1. Bisphenol A
6.3.2. Phenolic Resin
6.3.3. Caprolactam
6.3.4. Methyl Methacrylate
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Phenol & Acetone Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Phenol & Acetone Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Phenol & Acetone Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Phenol & Acetone Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Phenol & Acetone Demand Share Forecast, 2019-2026
9. North America Phenol & Acetone Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Phenol & Acetone Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Phenol & Acetone Market Size and Volume Forecast by Application
9.4.1. Bisphenol A
9.4.2. Phenolic Resin
9.4.3. Caprolactam
9.4.4. Methyl Methacrylate
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Phenol & Acetone Market Size and Volume Forecast by Type
9.7.1. Phenol
9.7.2. Acetone
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Phenol & Acetone Demand Share Forecast, 2019-2026
10. Latin America Phenol & Acetone Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Phenol & Acetone Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Phenol & Acetone Market Size and Volume Forecast by Application
10.4.1. Bisphenol A
10.4.2. Phenolic Resin
10.4.3. Caprolactam
10.4.4. Methyl Methacrylate
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Phenol & Acetone Market Size and Volume Forecast by Type
10.7.1. Phenol
10.7.2. Acetone
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Phenol & Acetone Demand Share Forecast, 2019-2026
11. Europe Phenol & Acetone Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Phenol & Acetone Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Phenol & Acetone Market Size and Volume Forecast by Application
11.4.1. Bisphenol A
11.4.2. Phenolic Resin
11.4.3. Caprolactam
11.4.4. Methyl Methacrylate
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Phenol & Acetone Market Size and Volume Forecast by Type
11.7.1. Phenol
11.7.2. Acetone
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Phenol & Acetone Demand Share, 2019-2026
12. Asia Pacific Phenol & Acetone Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Phenol & Acetone Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Phenol & Acetone Market Size and Volume Forecast by Application
12.4.1. Bisphenol A
12.4.2. Phenolic Resin
12.4.3. Caprolactam
12.4.4. Methyl Methacrylate
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Phenol & Acetone Market Size and Volume Forecast by Type
12.7.1. Phenol
12.7.2. Acetone
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Phenol & Acetone Demand Share, 2019-2026
13. Middle East & Africa Phenol & Acetone Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Phenol & Acetone Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Phenol & Acetone Market Size and Volume Forecast by Application
13.4.1. Bisphenol A
13.4.2. Phenolic Resin
13.4.3. Caprolactam
13.4.4. Methyl Methacrylate
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Phenol & Acetone Market Size and Volume Forecast by Type
13.7.1. Phenol
13.7.2. Acetone
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Phenol & Acetone Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Phenol & Acetone Market: Market Share Analysis
14.2. Phenol & Acetone Distributors and Customers
14.3. Phenol & Acetone Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ineos
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CEPSA
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Shell
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mitsui Chemicals
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sinopec & Mitsui
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chang Chun Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kumho P&B
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. PTT Phenol
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Formosa
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Taiwan Prosperity
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. LG Chem
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Mitsubishi Chemical
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Borealis Polymers
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Versalis
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. AdvanSix
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Sabic
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. ALTIVIA
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. DowDuPont
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook