From GlobeNewswire: 2025-06-02 10:00:00

The Phenol Derivatives Market was valued at USD 23.49 billion in 2024 and is forecasted to reach USD 36.04 billion by 2032, with a CAGR of 5.50% during the period from 2025 to 2032. End-use industries like plastics, pharmaceuticals, and personal care are driving market growth for phenol derivatives due to their desirable properties.

The U.S. market size for phenol derivatives was valued at USD 4.23 billion in 2024 and is projected to reach USD 6.94 billion by 2032, with a CAGR of 6.40%. The country’s strong chemical manufacturing base and demand from sectors like automotive, healthcare, and electronics contribute to market growth.

The phenolic resin segment dominates the market with around 42% share in 2024, due to its high thermal stability, strength, and flame resistance properties. Asia-Pacific held the largest market share of around 41% in 2024, driven by rapid industrialization and strong manufacturing base in countries like China and India.

Recent developments in the industry include BASF’s bio-based phenol derivative manufacturing process to reduce carbon emissions, Huntsman Corporation’s advanced bisphenol A alternative for high-performance polycarbonate resins, and Solvay’s partnership to develop phenol-based intermediates for pharmaceutical applications.

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