DUBLIN, October 6, 2017 /PRNewswire/ --
The "Global Phenol Market 2017-2021" report has been added to Research and Markets' offering.
The global phenol market to grow at a CAGR of 3.08% during the period 2017-2021.
Global Phenol Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers revenue generated from the sales of phenol from various derivative types.
One trend in the market is restriction on specific phenol-based toys by European Union (EU). The EU had recently amended the Toy Safety Directive (TSD) to include a restriction on the use of phenol in certain toys in 2017. The restriction is expected to become effective in November 2018. In October 2014, the World Trade Organization (WTO) had circulated a proposal to regulate the use of six chemicals in toys for children aged less than 36 months. These six chemicals are BIT, CMI:MI (3:1), CMI, MI, formamide, and phenol.
According to the report, one driver in the market is applicational growth of phenol. Phenol is used in various applications such as medical, paints and coatings, electricals, cool refineries, resin paint, textile wood, and dying. It is also used in industrial applications such as abrasives, adhesives and sealant chemicals, flame retardants, and fuels and fuel additives. in terms of consumer-based applications, it is used in automotive care products, floor coverings, foam seating and bedding products, and fuels and related products. In extraction industry, phenol is used in the study and extraction of bio-molecules.
Further, the report states that one challenge in the market is changing pricing of phenol in different regions. Benzene and propylene are the raw materials used for manufacturing phenol. The global price of benzene is fluctuating with the growing demand. This is also affecting the price of phenol. In major consuming regions such as APAC, Europe, and North America, the fluctuating prices of phenol pose a major challenge. For instance, in APAC, the price of phenol was around $950- to $1,100 per metric tons in 2016. In Europe, prices of phenol range from $72-$78 per metric tons in 2016.
Other prominent vendors
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Derivative Type
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/28sj6n/global_phenol
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