Analysis On The Market Of Phenol Derivatives

Phenols are a group of chemical compounds which comprises a wide group which is attached straight to an aromatic hydrocarbon group. It is also recognized as carbolic acid. It is mildly acidic in nature and it must be handled very carefully as it has the tendency which causes chemical burns. It was first made with coal tar but now as it is produced in a wide range, so petroleum is used. It is important as an industrial product as a forerunner for many other materials and important compounds. It is mostly used for synthesizing plastics, and other related materials. Phenol’s chemical derivatives are important for the manufacture of epoxies, nylon, polycarbonates, bakelite, detergents, and herbicides.

Phenol derivatives are the most significant classes of aromatic mixtures in organic chemistry. They are manufactured by ruthenium-catalyzed metathesis with adaptable substitute pattern. Many phenolic compounds are there in nature which is applied in the manufacturing of different types of perfumes and flavors to give a pleasant odor. These compounds are also manufactured synthetically.

The different types of PHENOL and its derivates market are

•      Bisphenol-A- it is the most frequently used derivatives of phenol. It is mostly used to make polycarbonates and epoxy resins. Epoxy resins are mostly used for coatings and moldings and polycarbonates are used in food and drink packaging.
•          Alkylphenols- it is used in the manufacturing of surfactants, emulsifiers, detergents, and even in the production of insecticides and plastic products.
•         Chloro-phenols- it is basically used in bactericides and antiseptics. It is also used in fungicides to preserve timber and is used as additives to stop the growth of microbial in many products.
•          Salicylic acid- it is applied to produce aspirins and other pharmaceuticals.
•         Hydroxyphenyl- it is applied to make drugs and in agrochemicals.
•         Bakelite- it is applied to hip-joint replacement parts, pacemakers, and cataract lenses.

Globally the phenol derivates market is coming in demand because of the Bisphenol A. this component is used in the polycarbonates which are applied to medical industry and other consumer goods.

The wind energy sector is also coming in demand in many countries for this the epoxy resins demand is also growing slowly. As the rotor blade composites in the wind turbine power generators need epoxy resins.

Globally the phenol derivates market is estimated to have a value of USD 19.78 Billion by 2026 at a growth rate of 4.6% from 2016 to 2026.

Geographically the global phenol derivates market is segmented into:

•          Europe
•          Latin America
•          Asia Pacific

The major players in this phenol derivates market are

•          Sinopec
•          Honeywell International Inc.
•          Royal Dutch Shell Plc
•          Mitsui Chemicals
•          LG Chem INEOS

More information can be obtained about the phenol derivates market from DATA MARKET MONITORING online.

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