According to a market report by Lucintel, the future of the phenol derivative market looks promising with opportunities in the electronic, textile fiber, construction, automotive, laminate, insulation, paint and coating, and additive applications. The global phenol derivative market is expected to grow with a CAGR of 5% from 2021 to 2026. The major drivers for this market are increasing utilization of phenol derivatives in electronic, paint and coating, textile, construction, and various other applications.
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In this market, phenol derivatives, such as bisphenol A, phenolic resins, caprolactam, alkyl phenol, adipic acid and others, are used in a wide range of industries. Lucintel forecasts that phenolic resins will remain the largest segment due to high demand as a filler, precursor, or additive in various markets, such as automotive, furniture, construction, and electronics and electrical.
Within the phenol derivative market, automotive will remain the largest application segment for various phenol derivatives. Automotive is also expected witness to the highest growth during the forecast period due to high demand for reducing automotive weight and improving fuel efficiency as well as performance.
Asia Pacific will remain the largest region in the forecast period due to increasing disposable income, infrastructural development, urbanization, and regional governments’ support through duty rationalization for raw materials and tax incentives for R&D investments.
BASF, Covestro AG, Bayer Material Science, PTT, Mitsubishi Corporation, Aditya Birla Chemicals, and Shandong Shengquan Chemical are among the major phenol derivative manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global phenol derivative market by derivative, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Phenol Derivative Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global phenol derivative market by derivative, application, and region as follows:
By Derivative [Kilotons and $M shipment analysis for 2015 – 2026]:
Bisphenol A
Phenolic Resins
Caprolactam
Alkyl Phenol
Adipic Acid
By Application [Kilotons and $M shipment analysis for 2015 – 2026]:
Electronics
Textile Fiber
Construction
Automotive
Laminates
Insulation
Paints and Coating
Additives
Others
By Region [Kilotons and $M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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