The global phenol derivatives market was valued at USD 8.29 billion in 2023 and is anticipated to reach USD 8.76 billion in 2024 from USD 13.62 billion by 2032, growing at a CAGR of 5.67% from 2024 to 2032.
Phenol derivatives are compounds that can be acquired from phenol, a carbolic acid found in family merchandise, including detergents and throat sprays. Increasing the scope and variety of applications of phenol derivatives due to their low cost and relatively easy availability will increase the call for phenol derivatives, advocate analysts. The challenges faced by the utilization of Phenol derivative compounds are its effects on human fitness. Excessive usage of the compound can cause difficulty in respiratory, fever, headache, swelling, vomiting, and nausea and can worsen pain, redness, and irritation around the mouth.
Some of the usually used phenol derivatives are bisphenol-A, alkylphenols, chloro-phenols, salicylic acid, and hydroxyphenyl. Bisphenol-A is the most commonly used spinoff of phenol. It is particularly used to produce epoxy resins and polycarbonates. Epoxy resins are used for paint coatings and moldings, with polycarbonates finding applications in food and drink packaging, impact-resistant safety systems, clinical gadgets, and compact discs. It is predicted to be the main derivative segment of the phenol derivatives market in the coming few years.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2032 |
Base Year |
2023 |
Forecast Period |
2024 to 2032 |
CAGR |
5.67% |
Segments Covered |
By Derivatives, Applications, and Regions. |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Midas Pharma, Rheinmetall Waffe Munition, LG Chem, Mitsui Chemicals, Honeywell International, CEPSA, INEOS, Arsol Aromatics, Schutz, Royal Dutch Shell, Ter Hell Plastic and Others. |
Midas Pharma, Rheinmetall Waffe Munition, LG Chem, Mitsui Chemicals, Honeywell International, CEPSA, INEOS, Arsol Aromatics, Schutz, Royal Dutch Shell, Ter Hell Plastic. Some of the market players dominate the global phenol derivatives market.
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