New York, October 22, 2021/PRNewswire/--According to Technavio data, the phenol market is expected to grow by US$3.16 billion from 2020 to 2024, a compound annual growth rate of more than 4%. The report provides the latest analysis as well as the exact growth difference and YOY growth rate.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. In order to take full advantage of opportunities, market suppliers should maintain their position in the slow-growth field, while paying more attention to the growth prospects in the fast-growing field.
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Technavio presents a detailed picture of the market by studying, synthesizing and summarizing data from multiple sources. The phenol market report covers the following areas:
Although the growing demand from developing economies will provide tremendous growth opportunities, the safety issues associated with the use of phenol will challenge the growth of market participants.
2020-2024 Phenol Market: Supplier Analysis
We conducted a detailed analysis of approximately 25 suppliers in the phenol market, including Compañía Española de Petroleos SA, Covestro AG, Honeywell International Inc., INEOS Group Holdings SA, Kumho Petrochemical Co. Ltd., Mitsubishi Chemical Holdings Corp., Mitsui Chemicals Inc., PTT Global Chemical Plc, Royal Dutch Shell Plc and Solvay SA. With the support of competitive intelligence and benchmark testing, our phenol market research report aims to provide support for entry support, customer information, mergers and acquisitions, and listing strategies.
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2020-2024 phenol market: main highlights
The compound annual growth rate of the market during the 2020-2024 forecast period
Detailed information on the factors contributing to the growth of the phenol market in the next five years
The scale of the phenol market and its contribution to the mother market
Forecast of upcoming trends and changes in consumer behavior
Growth of the phenol market
Analyze the market competition landscape and detailed supplier information
Comprehensive details of the factors that will challenge the growth of suppliers in the phenol market
Formaldehyde market: The formaldehyde market has been subdivided by end users (construction and furniture, automobiles, etc.), derivatives (urea-formaldehyde, phenolic, melamine-formaldehyde, polyformaldehyde, etc.) and regions (Asia Pacific, North America, Europe), South America and MEA ). Download free sample report
Polyphenol market: The polyphenol market has been segmented by type (grape seed, tea, apple, etc.), application (functional drinks, functional foods, dietary supplements, etc.) and region (Asia Pacific, Europe, North America, South America), and MEA) . Download free sample report
Accelerate with a compound annual growth rate of over 4%
Asia Pacific, Europe, MEA, North and South America
China, Taiwan and South Korea (Republic of Korea)
Leading company, competitive strategy, scope of consumer participation
Compañía Española de Petroleos SA, Covestro AG, Honeywell International Inc., INEOS Group Holdings SA, Kumho Petrochemical Co. Ltd., Mitsubishi Chemical Holdings Corp., Mitsui Chemicals Inc., PTT Global Chemical Plc, Royal Dutch Shell Plc, and Solvay SA
Mother market analysis, market growth incentives and obstacles, fast and slow growth market segment analysis, COVID-19 impact and future consumer dynamics, market conditions analysis during the forecast period
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For more valuable insights, please view our report snapshot
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