Lucintel Forecasts Phenol Derivative Market To Grow At A Cagr Of 4% To 6% From 2021 To 2026

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According to the recent study the phenol derivative market is projected to reach an estimated grow at a CAGR of 4% to 6% from 2021 to 2026. Growth in this market is primarily driven by increasing utilization of phenol derivatives in electronic, paint and coating, textile, construction, and various other applications.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in phenol derivative market by derivative (bisphenol A, phenolic resins, caprolactam, alkyl phenol, and adipic acid), application (electronics, textile fiber, construction, automotive, laminates, insulation, paints and coating, additives, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Phenolic resins market is expected to remain the largest segment during the forecast period.”
Based on derivative, the phenol derivative market is segmented into bisphenol A, phenolic resins, caprolactam, alkyl ...
... phenol, and adipic acid. Lucintel forecasts that the phenolic resins market is expected to remain the largest segment due to high demand as a filler, precursor, or additive in various markets, such as automotive, furniture, construction, and electronics and electrical.
“Within the phenol derivative market, the automotive segment is expected to remain the largest application.”
Based on application the automotive segment is expected to witness the highest growth over the forecast period due to high demand for reducing automotive weight and improving fuel efficiency as well as performance.
“Asia pacific will dominate the phenol derivative market in near future.”
Asia Pacific will remain the largest region in the forecast period due to increasing disposable income, infrastructural development, urbanization, and regional governments’ support through duty rationalization for raw materials and tax incentives for R&D investments.
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Major players of phenol derivative market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. BASF, Covestro AG, Bayer Material Science, PTT, Mitsubishi Corporation, Aditya Birla Chemicals, and Shandong Sheng Quan Chemicals are among the major phenol derivative providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/phenol-derivative-market.aspx or helpdesk@lucintel.com
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