Chemical industry reports Phenol Market: Applications and Outlook

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Phenol Market Share, Size, Analysis, Growth, Regional Outlook,
Trends and Forecasts to 2025 | Hexa Research
" The global phenol market size was USD 11.75
billion in 2016 and is expected to grow on account of
its commercial viability and rising demand for its
derivatives such as epoxy resins, polycarbonates,
nylon, Bakelite, detergents, phenolic resins,
pharmaceutical drugs and herbicides"
The global Phenol Market is anticipated to reach USD 31.73 billion by 2025, driven by the rising demand for
derivatives such as epoxy resins, polycarbonates, nylon, phenolic resins, detergents and pharmaceuticals.
These derivatives are important intermediates for manufacturing an extensive range of industrial products
and are expected to boost the market over the forecast period.
Asia Pacific had the highest market share in terms of revenue and volume and is expected to maintain its
position over the forecast period. Furthermore, China and India have been driving the regional market owing
to the increased consumption of the derivatives, produced from phenol to manufacture industrial products.
Asia Pacific market is expected to grow at a CAGR of 4.9% over the projected period. Europe and North
America are likely to grow at a steady state as a result of stringent government norms to use thi s product as
it is toxic and harmful to the environment.
Browse Details of Report @ https://www.hexaresearch.com/research-report/phenol-market
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