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However, phenolic resins are the fastest growing segment in terms of both volume and revenue share.
These are synthetic polymers and are used for making molded products such as laboratory
countertops, billiard balls and as adhesives & coatings which are anticipated to fuel the market over the
forecast period.
There is a huge competition among the established players and companies have to comply with
environmental regulations implemented by the EPA and European Commission. The presence of a
stringent regulatory framework is expected to increase the entry barriers for new players.
The majority of the companies in the field enter into a joint venture agreement with other manufacturers
and distributors to expand its presence and meet the requires demand in the particular regions. The
leading players operating in the phenol market include INEOS Phenol, Mitsui Chemicals, Aditya Birla
Chemicals, PTT Phenol, CEPSA Quimica, Shell Chemical, LG Chem, Honeywell Resins & Chemicals,
Shandong Sheng Quan Chemicals Co. Ltd., and SABIC Innovative Plastics.
Hexa Research has segmented the global phenol market based on end-use and region:
Segmentation by end use, 2014 - 2025 (Kilo Tons) (USD Million)
• Bisphenol-A
• Phenolic resins
• Caprolactam
• Others
Segmentation by region, 2014 - 2025 (Kilo Tons) (USD Million)
• North America
• U.S.
• Europe
• Russia
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa
Key players analyzed
• INEOS Phenol
• Mitsui Chemicals
• Aditya Birla Chemicals
• PTT Phenol
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