South Korea Phenol Market Analysis Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End User Industries, Distribution Channel, Region-Wise Demand, Import & Export , 2015-2030
South Korea Phenol market demand stood at 541 Thousand Tonnes in 2020 and is forecast to reach 850.5 Thousand Tonnes by 2030, growing at a healthy CAGR of 4.20% until 2030. Bisphenol A (BPA) and phenolic resins are the main end-use markets for Phenol, collectively accounting for more than 75% of the country’s market. The performance of these two markets is strongly linked to the automotive, construction and electrical and electronics sectors and due to its strong investments across these sectors, South Korea’s Phenol market is anticipated to grow astonishingly in the forecast period. Due to its large capacity installations, South Korea is one of the leading exporters of Phenol to other Asian regions. COVID-19 pandemic had a severe impact on the market, in general, and disrupted the country’s economy. The manufacturing units were closed for a significant amount of time and disturbed the distribution channels. The rising threat of mass death convinced the government to maintain lockdown methods keeping the markets at a halt. The government is slowly controlling the consequences, and steadily market is regaining its composure.
Under this subscription, you would be able to access South Korea Phenol market demand and supply analysis on a cloud-based platform for one year. The data is updated on a near real-time basis to add any new movement in the industry including but not limited to new plant announcements, plant shutdowns, temporary disruptions in demand or supply, news and deals, and much more specific to Phenol.
Years Considered for Analysis:
Historical Years: 2015 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2030
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