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Phenol Derivatives Market Share

Name: Phenol Derivatives Market Size, Industry Statistics Report 2025
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI2002
Published Date: Oct 2019
Report Format: PDF

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Phenol Derivatives Market Share

Companies operating in the phenol & its derivatives market are adopting various strategies such as production capacity expansion, for enhancing market share in global phenol and its derivatives market. For instance, in July 2018, BASF announced to expand its production capacity for IRGANOX 1010 to cater to the growing market in Asia Pacific. Other strategies adopted by industry participants include new product development, strategic partnerships, collaborations, mergers and acquisitions. Some of the major companies operating in the market are

BASF
Covestro AG
Bayer Material Science, PTT
Mitsubishi Corporation
Aditya Birla Chemicals
Shandong Sheng Quan Chemicals Co. Ltd.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

As per estimates, phenol derivatives market would record a revenue share of USD 67 billion in 2025.

The overall phenol derivatives market might register a CAGR of 5.4% over the anticipated period.

Phenol is an aromatic white crystalline compound with closely bonded groups of phenyls and hydroxy. It is majorly utilized as precursor for formulating important industrial compounds such as plastics and related materials.

This report says that Asia pacific is the largest phenol derivatives market and it accounted for over 45% market share in 2018.

According to Global Market Insights, Inc., the phenol derivatives market is projected to expand at more than 5% CAGR up to 2025.