The global phenol derivative market is projected to grow at a CAGR of 4% to 6% from 2021 to 2026. The growth of phenol derivative market is driven by increasing utilization of phenol derivatives in electronic, paint and coating, textile, construction, and various other applications.
Some of the Key Questions answered in
this exclusive report are:
Q.1 What are some of the
most promising potential, high-growth opportunities for the global phenol
derivatives market by derivative (bisphenol A, phenolic resins, caprolactam,
alkyl phenol, and adipic acid), application (electronics, textile fiber,
construction, automotive, laminates, insulation, paints and coating, additives,
and others), and region (North America, Europe, Asia Pacific, and the Rest of
the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the phenol derivative market?
Q.4 What are some
changing demands of customers in the phenol derivative market?
Q.5 What are the new
developments in the phenol derivative market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this phenol derivative area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this phenol derivative market?
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Market Segmentation:
Based on derivative, the
phenol derivative market is segmented into bisphenol A, phenolic resins,
caprolactam, alkyl phenol, and adipic acid. The phenolic resins segment
accounted for the largest share of the market in 2020 and is expected to
register the highest CAGR during the forecast period, due to high demand as a
filler, precursor, or additive in various markets, such as automotive,
furniture, construction, and electronics and electrical.
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.
Key Players in the
phenol derivative market are BASF, Covestro AG, Bayer Material Science, PTT,
Mitsubishi Corporation, Aditya Birla Chemicals, and Shandong Sheng Quan
Chemicals.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
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https://www.lucintel.com/phenol-derivative-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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