Why did the Phenol Price Change in July 2025? The average North American Phenol Price Index stood at USD 1040/MT, FOB Louisiana during Q2 2025, a decline of 9% from Q1 2025, with a trend of mixed pricing—early-quarter decrease, mid-quarter recovery, and late-quarter stabilization.

Get comprehensive insights into the Phenol market, with a focused analysis of the Phenol price trend across Asia, Europe, North America, Latin America, and the Middle East Africa.

The nonyl phenol prices in India reached 2040 USD/MT in September. In Q3 2024, India’s nonyl phenol market displayed stable pricing trends, supported by steady orders from the detergent and personal care sectors. Seasonal monsoon effects had a minor impact on consumption levels, while a stable supply—ensured by reliable access to Phenol—helped maintain market equilibrium.

The direction of phenol prices across the largest ten trading countries was influenced by shifting regional supply-demand dynamics, feedstock cost volatility, and the fortunes of the downstream sector in 2024.

Nonyl Phenol prices in North America witnessed a gradual downward trend throughout Q1 2025, driven by softened demand fundamentals and stable production costs. In January, market activity remained subdued but relatively balanced, with adequate supply levels and steady operations across domestic manufacturing units. However, by February and March, weaker consumption patterns from downstream sectors, such as detergents, lubricating oil additives, and plastic stabilizers, began to weigh on market sentiment.

In Q1 2025, the price trend for Phenol in the North American region consistently demonstrated a bullish outlook. Throughout January, the combination of severe winter storms and disruptions in freight transportation created notable supply chain bottlenecks, prompting a significant price increase. Concurrently, rising feedstock Benzene prices escalated production costs, reinforcing price pressures.

The size of the Phenol Market was valued at USD 24.3 Billion in 2023 and is projected to reach USD 41.4 Billion by 2032, with an expected CAGR of 4.9% during the forecast period. Phenol is a basic organic compound and is also needed in different industries. The market can anticipate huge growth due to its importance in making plastics, resins and medications. The spike in vehicle production, driven by the requirement for high-performance materials, has significantly increased demand for phenolic resins. Simultaneously, the construction industry's continual need for these resins is driven by ongoing infrastructure initiatives and advances in building materials. Emerging nations, particularly China and India, are witnessing strong construction sector expansion as a result of increased industrialization, urbanization, and infrastructure spending. This opens up considerable opportunity for phenol suppliers to increase their market presence and capitalize on rising demand. In addition, manufacturers are also investing more in research & developments to improve production methods, with the goal of reducing environmental impact and increasing resource efficiency. Recent developments include: August 2022: INEOS Phenol announced the acquisition of the asset base of Mitsui Phenols Singapore Ltd from Mitsui Chemicals for a total consideration of USD 330 million. The addition of the Jurong phenol and BPA assets will provide integration opportunities with manufacturing sites in Germany, Belgium, and the United States. The acquisition will increase the total production capacity by 1 million tonnes., April 2022: Cepsa launched the new line of sustainable chemical NextPhenol, which is produced from the recycled feedstock. The launch of the new product range is a part of Cepsa's ambition to make its business activities fossil-free.. Key drivers for this market are: High Demand of Bisphenol-A, Other Drivers. Potential restraints include: Ban on BPA in the United States and Europe, Others Restraints. Notable trends are: Bisphenol-A Product Type to Drive the Market.

Get the latest insights on price movement and trend analysis of Phenolic Resin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global phenol acid market is expected to reach US$ 26.13 billion in 2024. Fact.MR’s latest industry analysis forecasts the market to expand at 4.8% CAGR and reach US$ 41.77 billion by 2034-end.

Report Attributes	Details
Phenol Market Size (2024E)	US$ 26.13 Billion
Forecasted Market Value (2034F)	US$ 41.77 Billion
Global Market Growth Rate (2024 to 2034)	4.8% CAGR
Canada Market Growth Rate (2024 to 2034)	5.8% CAGR
China Market Value (2034F)	US$ 9.19 Billion
North America Market Share (2024E)	28.6%
East Asia Market Share (2034F)	38.4%
Key Companies Profiled	Mitsubishi Chemical Corporation Shell INEOS LG Chem Cepsa Mitsui Chemicals Inc. Solvay Royal Dutch Shell

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 5.36 billion
Growth Rate (2024 to 2034)	5.2% CAGR
Projected Value (2034F)	US$ 8.93 Billion

Attribute	China
Market Value (2024E)	US$ 5.43 billion
Growth Rate (2024 to 2034)	5.4% CAGR
Projected Value (2034F)	US$ 9.19 Billion

Category-wise Evaluation

Attribute	Phenol for PPO/Orthooxylenol Production
Segment Value (2024E)	US$ 8.1 Billion
Growth Rate (2024 to 2034)	4.6% CAGR
Projected Value (2034F)	US$ 13.2 Billion

The market value of phenol was approximately 23.12 billion U.S. dollars worldwide in 2022. By 2030, the global market value of this organic compound is expected to grow to around 28.99 billion U.S. dollars.

Pharma Grade Phenol Market Outlook

The global pharma grade phenol market size is expected to witness significant growth, reaching USD 2.8 billion by 2032 from USD 1.6 billion in 2023, reflecting a robust CAGR of 5.6% during the forecast period. The growth of this market is primarily driven by the increasing demand for high-quality phenol in pharmaceuticals, coupled with advancements in medical research and heightened awareness about hygiene and sanitation.

One of the primary growth factors for the pharma grade phenol market is the rising prevalence of infectious diseases and the consequent demand for effective disinfectants and antiseptics. With increased healthcare spending globally and the need to maintain sterile environments in hospitals and clinics, pharma grade phenol is becoming a critical component in ensuring patient safety and reducing the spread of infections. Additionally, the aging global population and the rise in chronic diseases have necessitated the development of more advanced pharmaceutical products, thereby boosting the demand for high-purity phenol.

Another significant factor propelling market growth is technological advancements in phenol production and purification processes. Innovations in chemical synthesis and purification technologies have led to the production of phenol with higher purity levels, which are essential for pharmaceutical applications. These advancements not only enhance the efficacy and safety of pharmaceutical products but also cater to the stringent regulatory requirements imposed by health authorities worldwide. As a result, pharmaceutical companies are increasingly investing in high-purity phenol to improve their product portfolio and comply with regulatory standards.

The growing awareness about hygiene and sanitation, especially in the wake of the COVID-19 pandemic, has also played a crucial role in the market's expansion. The pandemic underscored the importance of cleanliness and infection control, leading to a surge in demand for disinfectants and antiseptics containing pharma grade phenol. This trend is expected to continue as governments and health organizations emphasize the need for improved hygiene practices to prevent future outbreaks, thereby driving the demand for phenol-based products.

Ortho Phenylphenol, a derivative of phenol, is gaining traction in the pharmaceutical industry due to its potent antimicrobial properties. It is widely used as a preservative in various pharmaceutical formulations, ensuring the longevity and stability of products. The compound's effectiveness in inhibiting the growth of bacteria and fungi makes it an invaluable component in the production of antiseptics and disinfectants. As the demand for safe and effective pharmaceutical products continues to rise, the role of Ortho Phenylphenol in enhancing product quality and safety becomes increasingly significant. Its application is not limited to pharmaceuticals; it is also utilized in the food industry as a preservative, further highlighting its versatility and importance in maintaining product integrity across different sectors.

Regionally, Asia Pacific is anticipated to dominate the pharma grade phenol market, supported by rapid industrialization, a booming pharmaceutical sector, and significant investments in healthcare infrastructure. Countries like China and India are key contributors to this growth, given their expansive pharmaceutical manufacturing capabilities and increasing healthcare expenditure. North America and Europe are also expected to show substantial growth owing to advanced healthcare systems and a high demand for pharmaceutical products.

Application Analysis

The application segment of the pharma grade phenol market is primarily categorized into pharmaceuticals, disinfectants, antiseptics, and others. The pharmaceutical application is projected to hold the largest market share due to the extensive use of phenol in drug formulations and medical preparations. PhenolÂ’s antiseptic properties make it an essential ingredient in various pharmaceutical products designed to prevent and treat infections. Moreover, the ongoing research and development activities aimed at discovering new therapeutic applications for phenol further bolster its demand in the pharmaceutical sector.

Disinfectants represent another significant application segment driven by the heightened need for sterilization in medical facilities. With the rise in hospital-acquired infections

Explore the factors influencing phenol pricing in the industrial sector, including crude oil trends, supply-demand dynamics, and geopolitical events. Understand the market complexities and historical volatility impacting its costs.

The global phenol market size reached a value of approximately USD 22.00 Billion in 2024. The industry is expected to grow at a CAGR of 4.20% during the forecast period of 2025-2034. A major driver for the phenol market is the increased demand for bisphenol A (BPA), which is widely used in the production of polycarbonate plastics and epoxy resins. These are necessary for the automotive, construction, and electronics industries, thus aiding the market growth to attain a valuation of USD 33.20 Billion by 2034. Moreover, phenolic resins, which are produced from phenol, play a critical role in various automotive and construction applications. Surging demand for BPA and phenolic resins is driving the growth of the market. In addition, with demand for sustainable products increasing, it is expected to shape the phenol market during the forecast period.

The phenol market, valued at approximately $XX million in 2025, is experiencing robust growth, projected to exhibit a Compound Annual Growth Rate (CAGR) exceeding 4.00% from 2025 to 2033. This expansion is driven by increasing demand from key downstream applications such as resins (particularly epoxy and phenolic resins used in construction, automotive, and electronics), caprolactam (a precursor to nylon), and bisphenol A (a crucial component in polycarbonate plastics). Furthermore, the growth is fueled by the burgeoning global construction industry, the expanding automotive sector, and the rising adoption of advanced materials in electronics and packaging. Technological advancements leading to more efficient and sustainable phenol production processes, coupled with strategic collaborations and capacity expansions by key players, are also contributing factors. However, the market faces certain restraints. Fluctuations in raw material prices, particularly benzene (the primary feedstock for phenol production), can significantly impact production costs and profitability. Stringent environmental regulations concerning the handling and disposal of phenol and its byproducts present operational challenges and necessitate substantial investments in pollution control technologies. Additionally, the availability of alternative materials and the competitive landscape, with several established players and emerging regional producers, create a dynamic and potentially volatile market environment. Market segmentation reveals a considerable share held by epoxy resins, driven by their superior performance in various applications, followed by caprolactam and bisphenol A segments. Companies like Altivia, AdvanSix Inc., and others are actively engaged in expanding their production capacities and diversifying their product portfolio to maintain their market positions. Regional growth is anticipated to vary, with regions experiencing robust industrial growth expected to see higher demand for phenol. Recent developments include: August 2022: INEOS Phenol announced the acquisition of the asset base of Mitsui Phenols Singapore Ltd from Mitsui Chemicals for a total consideration of USD 330 million. The addition of the Jurong phenol and BPA assets will provide integration opportunities with manufacturing sites in Germany, Belgium, and the United States. The acquisition will increase the total production capacity by 1 million tonnes., April 2022: Cepsa launched the new line of sustainable chemical NextPhenol, which is produced from the recycled feedstock. The launch of the new product range is a part of Cepsa's ambition to make its business activities fossil-free.. Key drivers for this market are: High Demand of Bisphenol-A, Other Drivers. Potential restraints include: High Demand of Bisphenol-A, Other Drivers. Notable trends are: Bisphenol-A Product Type to Drive the Market.

Phenol is an important industrial chemical used in the production of various products, including plastics, resins, and adhesives.The global phenol market is expected to grow significantly in the coming years, driven by increasing demand from end-use industries such as construction, automotive, and electronics.Key players in the market include Royal Dutch Shell, Solvay SA, Deepak Nitrite Limited, INEOS Group Limited, ALTVIA Chemicals, Sasol Chemicals, Mitsubishi Corporation, and Domo Chemicals. Key drivers for this market are: Rising Demand for Electronic Products to Drive Growth . Potential restraints include: Development of Graphene Sheets to Hinder Growth.

The global phenol market, valued at $24.40 billion in 2025, is projected to experience steady growth with a Compound Annual Growth Rate (CAGR) of 3.3% from 2025 to 2033. This growth is driven by increasing demand from key downstream applications, particularly in the production of phenolic resins, which are widely used in construction, automotive, and electronics industries. The robust growth in the construction sector, particularly in developing economies in Asia-Pacific, fuels the demand for phenolic resins and consequently, phenol. Furthermore, the expanding automotive industry, with its need for lightweight and durable materials, is another significant driver. Advances in technology, leading to the development of high-performance phenol-based materials with improved properties like heat resistance and durability, contribute to market expansion. However, the market faces challenges including fluctuating raw material prices (like benzene, a key feedstock) and stringent environmental regulations concerning the production and disposal of phenol and its derivatives. Competition among established players and the emergence of new technologies also shape market dynamics. The market segmentation reveals that phenolic resins represent a significant portion of phenol consumption, followed by BPA (Bisphenol A), nylon-6,6 precursor, and other applications. Geographic regions like Asia-Pacific (particularly China and South Korea) are expected to exhibit significant growth due to their burgeoning industrial sectors. North America and Europe also contribute substantially, though at a potentially slower pace compared to APAC. The competitive landscape is characterized by the presence of both large multinational corporations and regional players. Key companies like Dow, Covestro, and Formosa Chemicals & Fibre Corp are major players, leveraging their established production capacities and distribution networks. These companies employ various competitive strategies including product diversification, strategic partnerships, and investments in research and development to maintain their market positions. The industry faces risks related to price volatility, regulatory changes, and the potential for disruptive innovations. However, the long-term outlook for the phenol market remains positive, driven by its essential role in numerous vital industries and the ongoing research into innovative applications of phenol-based materials. Specific growth rates within segments like BPA and phenolic resins will vary depending on the performance of their respective downstream sectors.

Global Crude Phenol comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2024 - 2032. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.

Global Phenol & Acetone market size 2025 was XX Million. Phenol & Acetone Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Why did the Di-Ter-Butyl Phenol Price Change in July 2025? Di-Ter-Butyl Phenol market activity in the USA remained largely steady in Q2 2025, with no significant price movements reported across key downstream sectors.

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