Report Update: Nov 1, 2024

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

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Phenols market

Phenols market: find the most recent facts and figures powered by an Ai-driven business intelligence platform. Info cover companies, exports, market size, market prices, consumption, imports, trade, and production. There is a breakdown by country, including China, Russia, the U.K., the U.S., Latin America, Africa, the Middle East, and EU. Market dynamics and forecast to 2030 are also featured in the snapshots.

Phenols - World's Largest Markets

Rating	Country
1	Indonesia
2	China
3	India
4	Nigeria
5	Russia

In value terms, the largest phenols markets worldwide were Indonesia, China and India, together comprising 59% of the global market. Nigeria, Russia, the United States, Spain, the UK, Brazil, Japan, Germany, Taiwan (Chinese) and France lagged somewhat behind, together comprising a further 23%.

Spain saw the highest growth rate of market size, among the main consuming countries over the period under review, while phenols market for the other global leaders experienced more modest paces of growth.

Phenols Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Finland	990	916	686	-16.8%
Thailand	1395	1105	872	-20.9%
Taiwan (Chinese)	1290	1273	878	-17.5%
Belgium	1397	1318	957	-17.2%
South Korea	1465	1151	1070	-14.5%
Singapore	1572	1249	1122	-15.5%
United States	1924	1851	1664	-7.0%
Netherlands	1352	1312	1728	13.1%
Japan	2875	2596	2120	-14.1%
Jordan	3296	3409	3349	0.8%
India	4995	4444	3943	-11.2%
Germany	1969	1862	4061	43.6%
China	4310	3924	4422	1.3%
Average	1869	1789	1644	-6.2%

Prices varied noticeably by the country of origin; the country with the highest price was China ($4,422 per ton), while Finland ($686 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
South Korea	2336	2046	1974	-8.1%
United Kingdom	2058	2115	1970	-2.2%
Taiwan (Chinese)	1893	1724	1708	-5.0%
Japan	1894	1929	1694	-5.4%
India	1837	1791	1580	-7.3%
China	1780	1491	1292	-14.8%
Germany	1734	1513	1288	-13.8%
Thailand	1648	1413	1270	-12.2%
Netherlands	1129	1304	1168	1.7%
Poland	1395	1232	1048	-13.3%
Belgium	1602	1303	937	-23.5%
Average	1830	1704	1495	-9.6%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was South Korea ($1,974 per ton), while Belgium ($937 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced a decline in the import price figures.

Phenols - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
China	1.9	1.9	2	1.3%
South Korea	0.6	0.6	0.6	-0.3%
India	0.8	0.6	0.5	-19.8%
Germany	0.5	0.5	0.5	-5.3%
Belgium	0.3	0.2	0.5	28.1%

In value terms, China ($2B) constitutes the largest market for imported phenols worldwide, comprising 27% of global imports. The second position in the ranking was occupied by South Korea ($609M), with a 8.4% share of global imports. It was followed by India, with a 7.2% share.

From 2018 to 2020, the average annual growth rate of value in China amounted to +1.3%. In the other countries, the average annual rates were as follows: South Korea (-0.3% per year) and India (-19.8% per year).

Phenols - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Japan	0.8	0.8	0.7	-8.6%
South Korea	1.2	0.8	0.6	-26.0%
United States	0.9	0.6	0.6	-15.5%
China	0.6	0.5	0.6	-4.4%
Belgium	0.6	0.5	0.5	-5.3%

In value terms, the largest phenols supplying countries worldwide were Japan ($667M), South Korea ($643M) and the United States ($631M), together accounting for 31% of global exports. These countries were followed by China, Belgium, Jordan, India, Germany, Singapore, Thailand, Taiwan (Chinese), the Netherlands and Finland, which together accounted for a further 54%.

Jordan recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Phenols - Market Forecast

Driven by increasing demand for phenols worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Phenols - Top Companies

Hubei Zhuxi Humanwell Pharmaceutical Co., Ltd., BASF SE, Cilag AG, PETRONIKA, PT, The Dow Chemical Company, F. Hoffmann-La Roche AG, AVC HOLDINGS PTY LTD, AUSTRALIAN VINYLS CORPORATION PTY LTD, Novartis Pharma AG, GSK Consumer Healthcare S.A., Novartis Pharma Schweizerhalle AG, Hebei Huiyuan Coking & Gas Making Group Co., Ltd., SAUDI BASIC INDUSTRIES CORPORATION (SABIC), MB Barter (usa) Inc, ASTRAZENECA PLC, TEVA PHARMACEUTICAL INDUSTRIES LIMITED, SUMITOMO CHEMICAL COMPANY, LIMITED, HARVEYS COMPOSITES (PTY) LTD, BASF Corporation, Braskem S/A

Phenols - Product Coverage

HS 2907 - Phenols; phenol-alcohols
HS 2908 - Phenols or phenol-alcohols; halogenated, sulphonated, nitrated or nitrosated derivatives thereof

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
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. 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. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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
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