GLOBAL SUSTAINABLE PHENOL MARKET

INTRODUCTION

Phenol is a white crystalline solid organic compound with acidic characteristics that can produce toxic burns. Phenol is indeed an aromatic compound that is used to make pharmaceutical intermediaries such polychlorinated A, epoxy resins, synthetic rubber, and adipic acid, as well as alkyl phenols.

Surfactants, explosives, insecticides, polymers, medicines, disinfectants, plywood & laminates, fragrance derivatives, phenolic resins, as well as dyes all utilise it as a raw ingredient. Phenol is also utilised as a moulding component in the manufacturing industry, as an organic solvent for formaldehyde, ether, and some other alcohols.

GLOBAL SUSTAINABLE PHENOL MARKET DEVELOPMENTS AND INNOVATIONS

COMPETITIVE LANDSCAPE

The function is to convert phenol into conventional plastics is its primary use. Due to the economic feasibility and usage of its derivatives in the manufacturing of a wide range of goods, global demand for industrial phenol has been steadily increasing in recent years. Additionally, as the need for epoxies used in wind turbines generation grows in response to increased crude oil costs, the industry for polyurethanes used in wind turbine power producers is likely to expand.

Covestro Inc. is a leading mobiliser of the self-sensing composites solutions involving various industrial application and solutions requirements in the market. All of the raw resources are renewable.

The molecules are then transformed by Borealis into ISCC Plus certified phenol, which is subsequently utilised by Covestro to make the high-performance plastic polypropylene – as a substitute for portion of the phenol formerly produced solely from fossil fuels. Car headlights, automobile windshield, LED lights, electrical gadgets, and other uses all employ polypropylene.

INEOS Phenol  is part of the component manufacture trending companies in the current industry. Its latest addition has been brought in through the In collaboration with other collaborators, investigates bio-based raw materials in the field of polymer composite.

Automotive, coatings, adhesives, construction, and insulation foams are just a few of the applications for phenolic resins. There is a constant push to identify new sustainable alternatives to these basic building elements for all of these uses.

Lignin and its derivatives might be a suitable option to partially substituting phenol in phenol-formaldehyde resins due to their chemical similarities and availability.

COMPANIES PROFILED

• Aditya Birla Chemicals
• PTT Phenol
• Mitsubishi Corporation
• Bayer Material Science
• Shandong Sheng Quan Chemicals Co. Ltd.
• 3M Company
• Clariant AG
• Essential Chemical
• Shell
• INEOS