Phenol Derivatives Market Size Forecast to Reach $18.7 Billion by 2025
Posted on Jun 28 2020 6:37 AM "he phenol derivatives market is witnessing an increase its demand as they are widely used in household products, automotive metal coatings, rubber products and as an intermediates for industrial synthesis." Phenol Derivatives Market size is forecast to reach $18.7 billion by 2025, after growing at a CAGR of 5% during 2020-2025. The phenol derivatives market is witnessing an increase its demand as they are widely used in household products, automotive metal coatings, rubber products and as an intermediates for industrial synthesis. Demand for phenol derivatives is increasing due to their unique properties such as flexibility, durability, spotless coating, chemical resistance, film toughness, improved adhesion and strong plasticizing effect. These characteristics of phenol derivatives is driving its demand in various end use industries such as automotive, electronics, textiles and packaging industries, which will increase the phenol deriva...