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.

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.

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.

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.

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.

Throughout Q1 2025, the phenolic resin market in North America followed a mixed trend. January saw a slight decline in prices, pressured by weak demand from adhesives, coatings, and molding compounds, combined with high inventory levels and cold weather-related construction slowdowns. Market activity was further stalled by seasonal holidays and cautious procurement behavior. In February, prices began to recover moderately as weather conditions improved, and downstream operations resumed.

In Q1 2025, the North American Di-tert-butyl Phenol market exhibited a soft price trend, influenced by balanced supply and steady demand from downstream sectors such as plastics, adhesives, and coatings. While manufacturing activities remained stable, buyers adopted a cautious procurement approach amid ongoing economic uncertainties, leading to restrained market activity. Feedstock phenol prices showed slight improvement during the quarter, alleviating some cost pressures for producers. However, competitive dynamics and adequate inventories in the region kept price movements limited.

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

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 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.

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.

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 ...

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.

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

The global phenol oil market is experiencing robust growth, driven by increasing demand from key downstream sectors like resins, bisphenol A (BPA), and caprolactam. While precise market size figures for the base year (2025) are not provided, considering typical market growth rates in the chemical industry and the listed companies' activities, a reasonable estimate for the 2025 market size could be around $15 billion USD. Assuming a Compound Annual Growth Rate (CAGR) of, for example, 5% (a conservative estimate given industry fluctuations), the market is projected to reach approximately $20 billion USD by 2033. This growth is fueled by several factors, including the rising global population driving demand for consumer goods, expanding construction activities requiring resins and plastics, and the increasing adoption of phenol-derived products in various industrial applications. However, market expansion faces challenges such as fluctuating raw material prices (benzene and propylene are key inputs), stringent environmental regulations regarding emissions and waste management, and the potential for substitution by alternative materials in specific applications. The competitive landscape is characterized by a mix of established global players like INEOS Phenol, Shell, and Borealis, and regional manufacturers such as Chang Chun Group and Formosa Chemicals & Fibre Corporation. This competitive environment fosters innovation and price competitiveness, impacting market profitability. Future market growth will depend on strategic partnerships, technological advancements in production efficiency and sustainability, and effective adaptation to evolving regulatory frameworks. Further segmentation analysis, focusing on specific application areas and regional variations, would provide a more granular understanding of the market dynamics and pinpoint high-growth opportunities for stakeholders.

Globally, the phenol demand has improved owing to improvement in the general economic condition and increase in the construction and housing sector.

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.