Global inclination towards cleaner sources for generating energy to drive the global phenol derivatives market through 2024. According to TechSci Research report, “Global Phenol Derivatives Market By Derivative, By Region, Competition, Forecast & Opportunities, 2024’’, phenol derivatives market, globally, is projected to reach $ 21.81 billion by 2024, growing at a CAGR of 5.32% during the forecast period.
The Important Elements of Phenol Derivatives Market
Increasing demand for Bisphenol A, a major phenol derivative, is anticipated to support the global market for phenol derivatives, as it is widely used in polycarbonates, which are used in expanding medical and consumer goods industries. Moreover, global inclination toward cleaner sources for power generation is anticipated to increase the demand for epoxy resins, enhancing the overall phenol derivatives market.
Epoxy resins are being extensively adopted in various other areas including general-purpose adhesives, industrial coatings, non-skid coatings, rigid foams, cement and mortars as well as oil drilling. However, the generation of hazardous waste during the production of phenol is anticipated to hamper the growth of the global phenol derivatives market during the forecast period.
Browse market data Figures and Tables spread through 110 Pages and an in-depth TOC on the ” Global Phenol Derivatives Market”@ https://www.techsciresearch.com/report/phenol-derivatives-market/3912.html
Regionally, the market for phenol derivatives has been segmented into North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. Among these regions, Asia-Pacific is the largest market for phenol derivatives, globally, with countries including China, Japan, India, South Korea, and Taiwan witnessing a surge in the use of phenol derivatives in the production of electronics and automotive products and components. The industrial activities in South Korea and China are mainly concentrated on the manufacturing of electronics goods, therefore increasing the demand for phenol derivatives in the region.
Download Free Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3912
Customers can also request 10% free customization on this report.
“Global phenol derivatives market is expected to witness growth over the course of next five years, on account of increasing demand from the Asia-Pacific region and growing wind energy sector. Backed by extensive use of phenol derivatives in food & drink packaging, medical devices, and impact-resistant safety equipment, the phenol derivatives market would register growth across the globe.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Phenol Derivatives Market By Derivative, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of the global phenol derivatives market and provides statistics and information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global phenol derivatives market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high-growth and emerging markets, leading technologies, and niche applications. Our workforce of more than 100 full-time Analysts and Consultants employing innovative research solutions and tracking global and country-specific high-growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Related:
Green Methanol Market Analysis by Size, Growth, Demand, Trends, Share & Overview
Recycled Propylene Market Analysis by Size, Growth, Demand, Trends, Share & Overview
Synthetic Paper Market Analysis by Size, Growth, Demand, Trends, Share & Overview
Adhesive Film Market Analysis by Size, Growth, Demand, Trends, Share & Overview
Water Based Adhesive Market Analysis by Size, Growth, Demand, Trends, Share & Overview