Product ID: UCMIG15A2075
Report ID:
UCMIG15A2075 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Phenol derivatives refer to a group of organic compounds derived from phenol. The global phenol derivatives market was valued at over USD 45 billion in 2018 and is expected to grow at a CAGR of 5.4% between 2019 and 2025. Phenol is an aromatic compound with a hydroxy group and is used as a precursor for the production of various industrial compounds, such as plastics and related materials. Phenol derivatives find application in a wide range of industries, including automotive, construction, electronics, and healthcare, among others.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Commodity Chemicals by segment aggregation, the contribution of the Commodity Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG15A2075