Alkyl Phenol Derivatives Market

Global Market Study on Alkyl Phenol Derivatives: Growing Demand for Phenolic Resins to Aid Market Expansion

Market Snapshot

Newly-released industry analysis on alkyl phenol derivatives shows that global demand for para-tert-butyl phenol is expected to witness year-on-year (YoY) growth of 3.2% in 2021 to total 141.5 KT. Sales of 2,4-di-tert-butyl phenol is expected to rise 2.9% to 22.8 KT.

Persistence Market Research has estimated alkyl phenol derivative sales across the globe to rise at a CAGR of 3.3% over the forecast period of 2021 and 2031. East Asia and South Asia Pacific are witnessing significant growth in this market, with East Asia itself projected to account for around 35.8% market share.

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Companies

  • DIC Corporation
  • SI Group
  • TASCO Group
  • Sasol Limited
  • United Chemical Products Ltd.
  • Maruzen Petrochemical Co., Ltd.
  • FabriChem (NutriScience Innovations, LLC)
  • HELM AG
  • Jiyi Group
  • SONGWON Industrial Group
  • Qingdao Scienoc Chemical Co., Ltd.
  • Red Avenue New Material Group Co., Ltd.
  • Prasol Chemicals Pvt. Ltd.
  • Vinati Organics Limited
  • Novokuibyshevsk Petrochemical Company
  • Afton Chemical Corporation
  • Dayang Chem (Hangzhou) Co., Ltd.
  • Nanjing Datang Chemical Co., Ltd.
  • Naiknavare Chemicals Limited
  • Balmer Lawrie Ltd.
  • Viral Organics (India) Limited

Valuable Insights Offered in Alkyl Phenol Derivatives Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Assessment by Product Type Standards
  • Assessment of Import Price, Bulk Price, Contractual Price, Producer / Distributor Price
  • Certifications and Compliance Requirements
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Alkyl Phenol Derivative Sales and How to Navigate
  • Recommendation on Key Winning Strategies

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Consumption Analysis of Alkyl Phenol Derivatives from 2016 to 2020 Vs Market Outlook for 2021 to 2031

In the alkyl phenol derivatives market, the phenolic resin segment, polycarbonate resin segment, and antioxidants segment revenue is expected to total US$ 352.1 Mn in 2021, according to the annual market analysis conducted by Persistence Market Research.

Historically, from 2016 to 2020, consumption of alkyl phenol derivatives increased at 0.9%, mainly owing to the impact of COVID-19 in 2020. Excluding this exceptional year, factors that have been encouraging market expansion include the growing paints and coatings segment, adhesives segment, lubricants and oil segment, and rubber & plastic segment.

Sales of alkyl phenol derivatives have witnessed considerable growth over the past years, and are estimated to continue the same over the decade. Growing demand for phenolic resins, polycarbonate resins, antioxidants, and surfactants are boosting consumption of alkyl phenol derivatives.

Furthermore, significantly growing end-use industries, especially in China, India, and ASEAN, are expected to bolster the growth rate for the market over the coming years.

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What are the Key Opportunities for Alkyl Phenol Derivative Manufacturers across the Globe?

Plastic is an integral part of numerous industries. With its excellent properties, plastic is being adopted at a significant rate and also displacing other materials such as metals in many applications. In order to show better efficiency and workability in harsh and severe conditions, such as high temperature and high pressure, plastic additives are used to minimize or slow down the degradation of plastic products.

A variety of plastic additives are present in the marketplace, such as antioxidants, chemical blow agents, heat stabilizers, impact modifiers, plasticizers, and flame retardants, among others.

Alkyl phenol derivatives are used as antioxidant additive, UV stabilizer, and as a resin in polymer processing. Alkyl phenol derivatives inhibit and restrict the oxidation of plastic products in harsh environments. Demand for plastics is strongly dependent upon the production and its consumption in the marketplace.

Furthermore, increasing adoption of plastics across packaging, automotive, industry and other industries is projected to further stimulate market growth and drive demand for alkyl phenol derivatives.

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What are the Restraints Being Faced by Alkyl Phenol Derivative Suppliers?

One of the major restraints that may hamper market growth is the availability of alternatives for alkyl phenol derivatives for plastic and rubber processing and lubricant additive applications.

According to market figures, rubber and plastic processing is the key end use of alkyl phenol derivatives, which are consumed on a large scale in these end uses. But many alternatives such as thioesters, phosphites, other phenolic resins, and other antioxidants and amines are available in the commercial market. This may act as a tumbling block to the growth of the alkyl phenol derivatives industry.

Major manufacturers are producing other alternatives for alkyl phenol derivatives in order to reap high operational profits and benefits.

In the market, intensity of manufacturers of amine and phosphite types are relatively high, which further supports their penetration on a very large scale. Also, shifting inclination toward the adoption of natural-based antioxidants further inhibits market growth.

Will Sales of Alkyl Phenol Derivatives Gain Traction Due to Surge in Use of Lubricants and Oil in Various Industries?

Numerous end-user industries such as infrastructure, oil & gas, and mining & metallurgy, to name a few, need heavy machineries in order to streamline their day-to-day operations in an efficient manner. These heavy machineries operate in extreme conditions incessantly round the clock.

With exposure to high temperature and excessive pressure, these heavy machines are frequently exposed to significant wear and tear. In order to avoid wear and tear to key internal components, heavy machinery operators are using lubricants and oils in order to reduce the down time. There are numerous types of lubes used in heavy machinery such as hydraulic oil, grease, gear & axel oil, and more.

Lubricant manufacturers are focusing on imparting special properties such as enhancing thermal stability, increasing corrosion resistivity, and prolonging the life of lubricants. For such properties, phenolic antioxidants are used as an additive, especially in order to impart the above said properties to lubricant products. These antioxidants are manufactured from alkyl phenol derivatives.

With the expansion of heavy industries, demand of specialized lubricants in the market is swelling, which will further fuel demand for alkyl phenol derivatives in the long term.

Will Rise in Adhesives Demand Create Opportunities for Alkyl Phenol Derivative Manufacturers?

The adhesives segment is anticipated to remain a key factor driving sales of alkyl phenol derivatives. There has been a rise in the use of alkyl phenol derivative-based adhesives owing to their excellent properties.

Due to stringent regulations, manufacturers of lightweight vehicles have increased the use of advanced adhesive materials, which have shown improved performance in high temperature conditions as compared to conventional welding and mechanical methods.

Residential construction has also witnessed significant demand for adhesives and sealants to improve adhesion, aesthetic appearance, and the finish of surfaces, which may otherwise be hampered by using welding and screws.

All these factors are anticipated to benefit demand growth of alkyl phenol derivatives over the coming years.

Country-wise Analysis

Why is China a Highly Lucrative Market for Alkyl Phenol Derivatives?

In 2021, alkyl phenol derivatives demand in China is anticipated to grow 3.8% year on year, bucking initial scepticism about how the market would perform during a global pandemic. Across the whole of China, total sales of alkyl phenol derivatives are expected to reach US$ 166.3 Mn by 2031.

China is anticipated to remain a dominating market for the consumption of alkyl phenol derivatives. This is due to the strong presence of phenolic and polycarbonate resin, antioxidant, surfactant, and chemical manufacturers.

Further, due to the presence of several manufacturers in the country, supply of the product remains significant. The country is also expected to remain a key exporter of alkyl phenol derivatives across the globe.

What Makes the U.S. a Demand Hub for Alkyl Phenol Derivatives?

The U.S. market is anticipated to witness an incremental dollar opportunity of around 78.1% of the overall incremental opportunity to be created in North America. The country is also expected to witness a considerable growth rate in the market over the forecast period.

Presence of several phenolic and polycarbonate and epoxy resins manufacturers in the country is boosting demand for alkyl phenol derivatives. Further, presence of several chemical intermediate manufacturers along with antioxidant manufacturers is also benefiting demand.

Strong presence of various end-use industries in the U.S. is also contributing to consumption growth. Substantial development of paint & coating, adhesive, lubricant & oil, rubber & plastic, and dye industries is boosting the sales of alkyl phenol derivatives in the country.

Category-wise Insights

Which Application Generates Considerable Demand for Alkyl Phenol Derivatives?

Significant portion of alkyl phenol derivatives all over the globe is used in the production of phenolic resins. Phenolic resins are expected to account for 55.7% of the overall consumption of alkyl phenol derivatives in East Asia.

The phenolic resins segment is also anticipated to witness a considerable growth rate owing to growing demand for plastic, laminate, adhesive, and coating production. Further, growing building and construction sector is also expected to indirectly benefit phenolic resins sales, as this end use needs laminates, adhesives, and coatings.

Which Product Type Has High Commercial Potential in Alkyl Phenol Derivatives?

Revenues from the para-tert-butyl phenol segment of alkyl phenol derivatives are expected to increase 3.4% year-over-year in 2021. Demand for 2,4-di-tert-butyl phenol is anticipated to increase 3.1%, giving the combined alkyl phenol derivatives industry year-over-year growth of 3.2% in 2021.

Para-tert-butyl phenol consumption rate is anticipated to remain significant owing to its demand for the manufacturers of phenolic resins, polycarbonate resins, and various other substances. 2,4-di-tert-butyl phenol is also anticipated to witness health growth over the forecast period due to its growing demand for antioxidant and UV light stabilizer production.

Why is Demand for Alkyl Phenol Derivatives Surging from the Lubricants & Oil Industry?

The lubricants and oil end-use segment is expected to progress at a CAGR of 3.1% in the European region. The segment is estimated to remain one of the key end uses in the business of alkyl phenol derivatives all over the globe.

Lubricants and oil are used in various industrial applications, including gear, air compressor, engines, turbines, bearings, equipment and machine, etc. Growing demand for frictionless industrial machinery and equipment is boosting demand for lubricants and oil all over the globe.

These factors are expected to benefit the global market for alkyl phenol derivatives over decade.

How Has COVID-19 Dented the Sales Prospects of Alkyl Phenol Derivatives?

The global alkyl phenol derivatives market witnessed a significant downfall in the year 2020, owing to decrease in demand from application segments, including phenolic resins, polycarbonate resins, antioxidants, surfactants, and chemicals.

Market growth is projected to be significantly impacted by the COVID-19 pandemic crisis in the medium term, due to decrease in the production of paints and coatings, oil, rubber and plastic and lubricants, followed by decrease in the production of adhesives, etc.

Further, drop in demand in 2020 was also due to disruptions in the supply chain, restrictions on movement, and severe lockdowns across regions.

Competitive Landscape

Key market participants, as discussed in the report, are focusing on expanding their production capacities across emerging countries. Key players are focusing on catering to growing demand from end users and are increasing export volumes to enhance their market presence all over the globe.

Key players also focuses on investing a fair share of their revenue in research and development for the innovation of products. They are also focusing on utilizing products in various new applications.

Some key players are focusing on sustainable development by reducing carbon footprint and treating the hazardous waste at their plants before disposal.

Some of the key developments are:

  • Vinati Organics Limited in 2016 announced to produced alkyl phenol derivatives including PTBP, 2,4- DTBP and 2,6-DTBP at capacity of about 30 kilo tons per annum. The green field plant starts operations from 2020 and now is running at a capacity of about 50%.
  • In 2020, Songwon Industrial Co. Ltd. entered into a distribution agreement with A. S. Paterson Company Ltd. in order to support the growth of performance chemicals across Canada.

Similarly, recent developments related to companies manufacturing alkyl phenol derivatives have been tracked by the team at Persistence Market Research, which are available in the full report.

Alkyl Phenol Derivatives Market Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

  • US$ Mn for Value
  • Kilo Tons for volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Australia and New Zealand
  • GCC Countries
  • Turkey
  • South Africa

Key Market Segments Covered

  • By Product Type
  • Application
  • End Use
  • Region

Key Companies Profiled

  • DIC Corporation
  • SI Group
  • TASCO Group
  • Sasol Limited
  • United Chemical Products Ltd.
  • Maruzen Petrochemical Co., Ltd.
  • FabriChem (NutriScience Innovations, LLC)
  • HELM AG
  • Jiyi Group
  • SONGWON Industrial Group
  • Qingdao Scienoc Chemical Co., Ltd.
  • Red Avenue New Material Group Co., Ltd.
  • Prasol Chemicals Pvt. Ltd.
  • Vinati Organics Limited
  • Novokuibyshevsk Petrochemical Company
  • Afton Chemical Corporation
  • Dayang Chem (Hangzhou) Co., Ltd.
  • Nanjing Datang Chemical Co., Ltd.
  • Naiknavare Chemicals Limited
  • Viral Organics (India) Limited

Pricing

Available upon Request

Key Segments Covered in Alkyl Phenol Derivatives Industry Research

By Product Type

  • Para-tert-butyl phenol (PTBP)
  • 2,4-di-tert-butyl phenol (2,4 DTBP)
  • 2,6-di-tert-butyl phenol (2,6 DTBP)
  • Para-octylphenol (POP)

By Application

  • Phenolic Resins
  • Polycarbonate Resins
  • UV Stabilizers
  • Surfactants
  • Antioxidants
  • Flavors and Fragrances
  • Chemical Intermediates
  • Others

By End Use

  • Alkyl Phenol Derivatives for Paints & Coatings
  • Alkyl Phenol Derivatives for Adhesives
  • Alkyl Phenol Derivatives for Perfumes
  • Alkyl Phenol Derivatives for Lubricants and Oil
  • Alkyl Phenol Derivatives for Rubber & Plastic
  • Alkyl Phenol Derivatives for Dyes & Inks
  • Alkyl Phenol Derivatives for Food & Beverages
  • Others

FAQs Answered in Study

  • What is the current global market value of alkyl phenol derivatives?

    The global alkyl phenol derivatives market is currently valued at over US$ 460 Mn.

  • What is main factor driving demand for alkyl phenol derivatives?

    Growing demand for phenolic resins and antioxidants are driving sales of alkyl phenol derivatives.

  • At what CAGR did demand for alkyl phenol derivatives increase over the past 5 years?

    From 2016 to 2020, demand for alkyl phenol derivatives increased at a sluggish CAGR of 0.9%.

  • What will be the demand outlook for alkyl phenol derivatives through 2031?

    Sales of alkyl phenol derivatives are projected to increase at 3.3% CAGR and be valued at over US$ 640 Mn by 2031.

  • What are the key trends being witnessed in the global marketplace?

    Expansion and investments in R&D by key players are being witnessed in the global market.

  • Who are the key players in the global market for alkyl phenol derivatives?

    DIC Corporation, Sasol Limited, Red Avenue New Material Group, HELM AG, and Vinati Organics Limited are identified as key manufacturers of alkyl phenol derivatives, as per ratings on the basis of market share, market reach, clientele, etc.

  • What is the market share of the top 5 key manufacturers of alkyl phenol derivatives?

    Top 5 suppliers of alkyl phenol derivatives account for around 46% market share, according to ratings on the basis of market share, market reach, clientele, and others.

  • Which are the top 5 countries driving most of the demand for alkyl phenol derivatives?

    China, the U.S., Japan, India, and South Korea are key demand centers for alkyl phenol derivatives.

  • Which countries are key producers and exporters of alkyl phenol derivatives?

    China, the U.S., ASEAN are key producers and exporters of alkyl phenol derivatives.

  • How is the alkyl phenol derivatives market faring in India?

    The market in India is projected to witness a growth rate of around 3.7% over the decade.

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  • Is the market research conducted by Persistence Market Research?

    Yes, the report has been compiled by expert analysts of Persistence Market Research, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

  • What research methodology is followed by Persistence Market Research?

    Persistence Market Research follows a methodology that encompasses the demand-side assessment, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

  • Who are the respondents for primary research?

    Persistence Market Research speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

  • What are the sources of secondary research?

    Persistence Market Research conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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