Phenol Market is Expected to Reach USD 20.07 Million by 2030 at a CAGR of 4.9% | ChemAnalyst
According to ChemAnalyst report, “ Phenol Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030 ”, Phenol market was valued USD 12.5 Million in 2020 and is forecast to reach USD 20.07 Million by 2030, growing at a CAGR of 4.9% until 2030. Global demand of phenol is growing constantly, owing to its commercial viability and use of its derivatives such as Bisphenol A, Phenolic Resins, Caprolactam, Alkyl Phenyls and others which are further employed to manufacture a wide range of products such as liquid detergents, inks, mouthwash, wood preservatives, herbicides, floor cleaners and disinfectants. Additionally, it acts as an intermediate or precursor for synthesizing several chemical compounds and pharmaceutical drugs or as a derivative in the production of nylon, herbicides, epoxies, and cosmetics. Explore full report with table of contents: https://www.chemanalyst.com/indu