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World - Phenols - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

World - Phenols - Market Analysis, Forecast, Size, Trends and Insights

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Nov 27, 2023

The Largest Import Markets for Phenols

Phenols are a crucial component in various industries, serving as a building block for the production of a wide range of products. The global import market for phenols has witnessed significant growth in recent years, with several countries establishing themselves as key players in this market. In this article, we will explore the world's best import markets for phenols, backed by key statistics and data from the IndexBox market intelligence platform.

1. China

China ranks at the top of the list with an import value of $2.6 billion in 2022, making it the largest import market for phenols globally. Rapid industrialization and the increasing demand for phenolic resins and other derivatives have fueled China's import growth in recent years. The country's chemical industry, which heavily relies on phenols, is one of the main drivers of this import market.

2. India

India secures the second position with an import value of $854.7 million in 2022. The consistent growth of various industries, such as automotive, construction, and electronics, has led to substantial demand for phenols in the Indian market. This, coupled with the country's limited domestic production, has boosted its dependency on imports to meet the rising demand.

3. Germany

Germany stands as one of the leading importers of phenols, with an import value of $728.6 million in 2022. The country's chemical industry, which is known for its high standards and innovative research, heavily relies on phenols for the production of various products. Germany's strong industrial base and its position as a major exporter of finished goods make it an attractive market for phenol imports.

4. South Korea

South Korea follows closely behind Germany with an import value of $723.9 million in 2022. The country's robust manufacturing sector, particularly in electronics and automotive industries, drives the demand for phenols. South Korea's strategic location as a hub for trade in the Asia-Pacific region further strengthens its position in the global import market for phenols.

5. Netherlands

The Netherlands ranks fifth in the world as an import market for phenols, with an import value of $722.8 million in 2022. The country's well-developed chemical industry, supported by advanced infrastructure and a skilled workforce, contributes to its significant import volumes of phenols. The Netherlands also serves as a major distribution hub for phenols in Europe.

6. Belgium

Belgium holds the sixth position with an import value of $644.7 million in 2022. The country's chemical industry, which is one of the largest contributors to its economy, is a major consumer of phenols. Belgium's strategic location and well-connected transport networks make it an ideal gateway for phenol imports into Europe.

7. Taiwan (Chinese)

Taiwan secures the seventh position in the world import market for phenols, with an import value of $522.8 million in 2022. The electronics sector in Taiwan, known for its production of semiconductors and electronic components, drives the demand for phenolic resins. The country's strong manufacturing base and its close proximity to major Asian markets contribute to its import market growth.

8. Japan

Japan ranks eighth with an import value of $441.9 million in 2022. The country's highly developed manufacturing industry, particularly in automotive, electronics, and construction sectors, fuels the demand for phenols. Japan's strong focus on technological innovation and the production of quality goods contribute to its substantial import volumes of phenols.

9. United States

The United States holds the ninth position in the global import market for phenols, with an import value of $354.9 million in 2022. The country's diverse industrial base, including automotive, construction, and healthcare sectors, drives the demand for phenols. The United Stateslarge consumer market and its need for high-quality phenol derivatives contribute to its import market growth.

10. United Kingdom

The United Kingdom closes the list of the world's best import markets for phenols, with an import value of $257.3 million in 2022. The country's chemical industry, particularly in the production of plastics and resins, is a major consumer of phenols. The United Kingdom's well-developed infrastructure and strategic position make it an attractive destination for phenol imports.

These top-10 countries collectively dominate the global import market for phenols, driven by various factors such as industrial growth, technological advancements, and a need for quality phenol derivatives. The data and statistics provided are sourced from the IndexBox market intelligence platform, a reliable and comprehensive source of market insights.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global phenols market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20142410 - Monophenols
  • Prodcom 20142433 - 4,4-Isopropylidenediphenol (bisphenol A, diphenylolpropane) a nd its salts
  • Prodcom 20142439 - Polyphenols (including salts, excluding 4,4 isopropylidenediphenol) and phenol-alcohols
  • Prodcom 20142450 - Halogenated, sulphonated, nitrated or nitrosated derivatives of phenols or phenol-alcohols

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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