In Q3 2025, North America, the Phenol Price Index rose by 4.06% quarter-over-quarter, reflecting tightening and downstream demand. Check detailed insights for Europe and APAC.

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 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.

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.

Explore the factors influencing the price of phenol per litre, a key industrial compound, including market demand, raw material costs, and global trade dynamics. Learn how fluctuations can impact industries from construction to pharmaceuticals and strategies businesses might use to manage costs.

Explore the key factors influencing phenol prices including supply and demand, raw material costs, energy and regulatory changes, global economic conditions, and technological advances. Understand how these elements impact the production and distribution of this crucial industrial commodity.

In Q3 2025, In India, the Nonyl Phenol Price Index fell by 7.31% quarter-over-quarter, driven by softer feedstock costs. Check detailed insights for Europe and North America.

In Q3 2025, North America, the Di-Tert-Butyl Phenol (DTBP) Price Index held steady with a modest 0.5% QoQ rise, reflecting balanced supply-demand. Check detailed insights for Europe and APAC.

Explore the fluctuating trends in the phenol market influenced by supply chain disruptions, crude oil volatility, and sustainability shifts in 2023, impacting its role in producing key industrial compounds.

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).

In Q3 2025, North America, the Phenolic Resin Price Index rose by 1.27% quarter-over-quarter, reflecting stable feedstock costs and balanced demand. Check detailed insights for Europe and APAC.

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Phenol Market Size 2024-2028

The phenol market size is forecast to increase by USD 4.3 billion at a CAGR of 3.3% between 2023 and 2028. The market exhibits significant growth due to the expanding utilization of phenol in various industries, including machinery parts, everyday products, and drug manufacturing. The market is experiencing significant growth due to the increasing application of phenol in various industries, including construction activities, where it is used in the production of phenolic resins for plywood, laminated beams, and flooring panels. Phenol is a versatile chemical used in the production of mouthwash, disinfectants, liquid detergents, floor cleaners, antioxidants, colored dyes, plastics, and explosives. However, the market faces challenges such as regulatory restrictions, particularly in the EU regarding phenol-based toys, and price volatility of phenol. In, phenol's demand continues to rise, driven by its essential role in manufacturing essential products, ensuring a steady market trajectory.

What will be the Size of the Market During the Forecast Period?

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The chemical compound phenol, with the molecular formula C6H5OH, is a vital industrial chemical with a benzene ring structure and a hydroxyl group. Its unique properties make it a versatile feedstock in various industries, including construction, pharmaceuticals, and plastics. Phenol is used extensively in construction activities as a primary component in phenolic resins. These resins are essential in manufacturing plywood, laminated beams, and flooring panels, providing strength and durability to these materials. In the pharmaceutical sector, phenol is used as a feedstock for producing carbolic acid, an antiseptic and disinfectant.

Moreover, the chemical's antiseptic properties make it an essential ingredient in disinfectants and antiseptics. In the electronic devices industry, phenol is used in the production of machinery parts due to its excellent solubility in organic solvents and resistance to heat. In the chemical industry, phenol is used as a building block in producing plastics and resins, such as polycarbonate plastics and epoxy resins. These materials are widely used in various applications, including paints and coatings, adhesives, and electrical and electronics. Bisphenol-A (BPA), a derivative of phenol, has been a topic of debate in recent years due to concerns regarding its potential health effects.

However, phenol itself is not subject to any current bans or restrictions. The market is driven by the increasing demand for phenolic resins in the construction industry and the growing usage of phenol in the production of bio-based phenol. Bio-based phenol is gaining popularity due to its eco-friendly nature and potential to reduce the dependence on petrochemical feedstocks. In conclusion, phenol is a versatile chemical compound with a wide range of applications across various industries. Its unique properties make it an essential feedstock in the production of phenolic resins, plastics, and resins, among others. The growing demand for eco-friendly alternatives and the increasing usage of phenol in the construction industry are expected to drive the growth of the market.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Derivative Type

  BPA
  Phenolic resins
  Nylon-KA oil
  Others


Geography

  APAC

    China
    South Korea


  Europe

    Germany


  North America

    US


  South America



  Middle East and Africa

By Derivative Type Insights

The BPA segment is estimated to witness significant growth during the forecast period. Phenol, a colorless solid compound, plays a significant role in various industries due to its versatility. In the manufacturing sector, it is used as a raw material for producing machinery parts and everyday products. For instance, it is an essential component in the production of mouthwash, disinfectants, liquid detergents, and floor cleaners. In the pharmaceutical industry, phenol is used in drug manufacturing as an antioxidant and in the production of colored dyes. Moreover, phenol is a vital ingredient in the production of plastics, including BPA-based plastics. These plastics are known for their clarity and durability, making them suitable for use in various applications, such as sports equipment, water bottles, compact discs, and digital versatile discs.

Furthermore, in the automotive industry, phenol-based epoxy resins are used as coatings for water pipes and in the form of polycarbonate to reduce greenhouse gas emissions and improve fuel efficiency. Overall, phenol's applications span across multiple industries, making it an indispensable compound in the modern world.

The price of phenol-formaldehyde resin in the United States for Q4 2023 reached 3085 USD/MT in December.

Explore IMARC’s newly published report, titled “Phenol-Formaldehyde Resin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of phenol-formaldehyde resin pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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

Phenols Price in Iran - 2021. Find the latest marketing data on the IndexBox platform.

¿Por qué cambió el precio del fenol en julio de 2025? El índice medio de precios del fenol norteamericano se situó en USD 1040/MT, FOB Louisiana durante el 2º trimestre de 2025, una disminución del 9% respecto al 1º trimestre de 2025, con una tendencia de precios mixtos: disminución del primer trimestre, recuperación del trimestre y estabilización del último trimestre.

In Q3 2025, North America, the Para Aminophenol Price Index fell modestly quarter-over-quarter, influenced by softer exports and stable domestic supply. Check detailed insights for Europe, MEA and APAC.

The para aminophenol prices in the UAE for Q2 2024 reached 3260 USD/MT in June. Extended supply network challenges, such as cross-border issues and shipping disruptions, impacted the market in Q2 2024. A post-holiday demand slump and strategic inventory management contributed to price drops.

In value terms, phenols and phenol-alcohols exports stood at $554M in 2016. In general, phenols and phenol-alcohols exports continue to indicate a relatively flat trend pattern. Over the period under ...

Discover the booming phenol oil market! Explore its $15 billion (2025 est.) size, 5% CAGR projection to 2033, key drivers, restraints, and major players like INEOS Phenol and Shell. Get insights into regional market shares and future growth potential.