China Phenol Market Insights, Industry Trend, Forecasts to 2035

The China Phenol Market Size encompasses the various aspects of its production and consumption of phenol and its derivatives. Phenol is an important organic intermediate that serves as the basis for many products that include phenolic resin, bisphenol A, polycarbonate, epoxy resin, pharmaceuticals, agrochemicals and specialty chemicals. The primary source of phenol is through the oxidation of cumene and is used as a key building block for plastics, coatings, adhesives, etc., to produce many of the materials used in industrial production, which add up to an important piece of the overall petrochemical industry in China.

The phenol in China are backed by government support, including the China’s extension of anti-dumping duties on phenol imports from the United States, the European Union, South Korea, Japan and Thailand for another five years, as announced by the Ministry of Commerce, aimed at protecting domestic producers from unfairly priced foreign phenol. This move reflects country intervention to stabilize local industry conditions and strengthen domestic supply chains

As technology advances, Chinese phenol providers are now using large, integrated phenol-acetone plants that combine upstream feedstock production with downstream refining, transportation costs are decreased while yield efficiencies are improved resulting in a more competitive operation compared to stand-alone plants. In addition to these integrated facilities, trends in digital process control, automation, and safety optimization are also being applied more broadly in chemical production hubs to increase environmental compliance and operational reliability. The general trend for chemical companies in China is to use industry 4.0 style technologies to increase competitiveness and sustainability throughout the industry.