Report ID: SQMIG15B2090
Report ID:
SQMIG15B2090 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|
Tables:
34 |
Figures:
74
Phenol Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 3.7% during the forecast period (2025-2032).
The global phenols market is experiencing steady growth driven by several factors. Phenols are versatile chemical compounds used in various industries, including pharmaceuticals, chemicals, plastics, and personal care.
The market is driven by the increasing demand for phenols in the production of resins, coatings, and adhesives. The growing construction and automotive sectors, along with the rising awareness towards environmental sustainability, are also contributing to the market growth.
Additionally, the expanding healthcare and pharmaceutical industries are driving the demand for phenols in drug manufacturing. However, stringent regulations regarding the use of certain phenolic compounds, as well as concerns regarding their environmental impact, pose challenges to the market.
Overall, the global phenols market is expected to continue growing as industries seek innovative applications and sustainable alternatives in various sectors.
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Report ID: SQMIG15B2090