Phenol Prices, News, Demand and Supply | ChemAnalyst

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Phenol Prices Overview
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Market Overview Quarterly Update on Global
Phenol Market Asia   Market sentiments of the
Asian Phenol Market remained under doldrums
pressurized by supply overhang due to massive
capacity additions of 400 KTPA from Chinas
Zhejiang Petrochemicals. The situation was
exacerbated by the resumption of operations in
Japans Osaka-based Mitsui Chemicals and Chung
Chun PC of China followed with no news of any new
turnarounds till the end of next quarter.
Furthermore, manufacturers across the Northern
Asia operated their plants at nearly full
capacities but the inventories of the products
remained manageable with strong offtakes for
certain derivatives. Get more info
https//www.chemanalyst.com/Pricing-data/phenol--1
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Phenol Prices Overview
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Europe   Even after production from several major
manufacturers was curtailed to curb supply
overhang, the market witnessed surplus cargoes of
Phenol as downstream industries made no prominent
gains. Although two of the renowned producers
Domo Caproleuna and Seqens underwent a
maintenance turnaround but it was not enough to
revive the dull offtakes of Phenol in the
European market. As resurgence of Coronavirus
continued to impact the automotive sector, demand
for its major derivatives Bisphenol A and
Caprolactam remained dampened with low hopes of
recovery by the next quarter.   North
America   Phenol market outlook in North America
remained balanced as turnarounds implemented from
leading producers like SABIC and Shell,
outstripped the excess supply. Since Asia was
already flooded with Phenol supply after massive
capacity additions from China, export potential
of North America reduced to a significant
percentage with diminished demand from its major
consumers. Although several downstream sectors
like automotive and construction showcased
promising hopes of recovery, players were
cautious over prevailing demand uncertainties on
consistent rise in coronavirus number in some
parts of the region. How we can
help ChemAnalyst addresses the key problematic
areas and risks associated with chemical and
petrochemical business globally and enables the
decision-maker to make smart choices. It
identifies and analyses factors such as
geopolitical risks, environmental risks, raw
material availability, supply chain
functionality, disruption in technology and so
on. It targets market volatility and ensures
clients navigate through challenges and pitfalls
in an efficient and agile manner
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Phenol Prices Overview
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Timeliness and accuracy of data has been the core
competency of ChemAnalyst, benefitting domestic
as well as global industry in tuning in to the
real-time data points to execute
multi-billion-dollar projects globally. Methodol
ogy ChemAnalyst gathers information through
primary research surveys conducted with various
Phenol manufacturers, spread across domestic and
international market, suppliers and
dealers/distributors to gain insights
into value-chains and demand-supply scenario to
assess the market situation. Thorough study of
companys annual reports and secondary sources
such as exhaustive search on credible paid
databases, including our internal database is
done to verify the information. All the collected
information is analyzed, evaluated and presented
in chronological order to depict a meaningful and
clear picture of the concerned market.   Our
dedicated team of industry experts
comprehensively monitors and analyzes various
aspects of the Global Phenol market. The team
analyzes various industrial segments, strategic
viewpoints and provides an analysis of the
industrys performance in the long run. This
would enable our clients in efficiently plan
their future investments, mitigate risk,
understand the cost dynamics and strike out a
balance amidst market volatility. Critical
examination of the impact of COVID-19 pandemic on
the global supply chains and shift in demand
patterns with change in buying behavior of
consumers across the globe.   Several ongoing
development projects across industries are
tracked, followed by the details of major
projects in the development stage, which can
positively or negatively influence Global Phenol
market.   Pricing is captured through exhaustive
primary interviews with domestic and
international manufacturers, traders and
importers and customers on daily, weekly, monthly
and yearly basis.  
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Phenol Prices Overview
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Finally, region-specific markets for Phenol are
analyzed and region-wise demand pattern is
tracked. About Phenol is a colorless organic
derivative of Benzene, that can be produced via
various routes and synthesized as a highly
demanded petrochemical. The most common process
for manufacturing Phenol is via Cumene Route. In
this process, Cumene is obtained using Benzene
and Propylene which is further oxidized to yield
Hydroperoxide that is finally subjected to acid
catalysis to form Phenol/Acetone. Phenol can be
categorized as monohydric, dihydric and
polyhydric based upon the number of hydroxyl
groups attached to it. Though concentrated Phenol
is toxic in nature, its very diluted form can be
used as a disinfectant in household cleaning
products and mouthwash. As a chemical feedstock,
Phenol is predominately utilized to produce a
high valued derivative, Bisphenol A which is
majorly consumed for producing remarkable
plastics like epoxy resins and polycarbonates.
The product also finds large-scale consumption to
produce derivatives like Phenolic Resin and
Caprolactam, two products finding enormous
applications in the construction and polyester
industry.