Phenol Derivatives Market Forecast by End-use Industry 2018-2028Posted by ankush Nikam on September 11th, 2019 Extensive Usage in Diverse Industries Likely to Trigger Phenol Derivatives Market Growth For decades, chemicals have been attracting the interest of various end use industries, globally, and phenol is a widely used chemical, an organic compound. Phenol has in fact become an asset for industrial application in many end use industries. Synthetically obtained from phenol, phenol derivatives are a significant class of aromatic compounds, with huge applications across different industries. The phenol derivatives market has been witnessing growth over time, and is projected to gain profits, owing to its extensive usage in medical devices, food and drink packaging, compact disc, and impact resistant safety equipment. These chemical compounds are highly used in household product, such as mouthwash, cleaners, and as intermediates for industrial synthesis. The growing use of phenol derivatives in first surgical antiseptic and anesthesia are creating lucrative opportunities for the manufacturers of phenol derivatives. Phenol derivatives have huge applications in automotive industry and electronics and electrical goods in the form of epoxy resins and polycarbonate. Surging demand for phenol derivatives from end-use industries like wind energy, are constantly moving the market towards growth. Request Sample Report@ https://www.factmr.com/connectus/sample?flag=S&rep_id=1250 Key Drivers and Challenges in Phenol Derivatives Market
Trends and Opportunities
Competitive Landscape: Phenol Derivatives Market There are wide range of large, medium and small companies operating in the phenol derivatives market. Some of the leading stakeholders in phenol derivatives market are:
Extensively Used Phenol Derivative Bisphenol –A Expected to Trigger Phenol Derivatives Market Bisphenol-A is a widely used phenol derivative, commonly adopted to produce polycarbonates and epoxy resins. Polycarbonate has huge applications in drink and food packaging industries, like in manufacturing impact-resistant safety equipment, medical instruments, water and baby bottles, and compact discs, etc. Additionally, epoxy resins are highly used by manufacturers to coat metal products, including bottle tops, water supply pipes, and food cans. Bisphenol-A, a widely used derivative of phenol, is also found in numerous thermal paper products, such as ATM receipts and cash register. Thus, phenol derivatives market is anticipated to grow on the back of extensive uses of Phenol derivatives, like Bisphenol- A. Like it? Share it!More by this author |