Bio Based Phenol Market Size & Trends Shows a Rapid Growth by 2028

Bio-based Phenol Market is estimated to grow at a CAGR of 5.5% from 2022-2028. Rapid depletion of fossil fuels that are used in the manufacture of various products, including phenol, is leading to global energy crisis. Consequently, the cost of petroleum-based phenol is increasing. Petroleum-based phenol also negatively affects the environment. Therefore, companies need to focus on alternative feedstock for petroleum-derived products. Plant phenol, also called bio-based phenol, is produced from renewable lignocellulosic biomass including wood, straw, and grass. This is a key feedstock of second-generation biofuels. Manufacturers should tap into opportunities in lignin, which is a primary source of bio-based phenol, in order to broaden their revenue streams. Companies are increasingly making data-driven decisions before investing in new manufacturing technologies. They are investing in R&D of bio-based waste and residue oils to innovate in bio-based phenols. 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity? 

Global Bio-based Phenol Market Report by Segment

By Derivative

• Phenol
• Bisphenol

By Source

• Lignin
• Cellulose
• Hemicellulose/Xylan
• Others

By Application

• Solvent
• Fuel Additives
• Bio-pesticides and Insecticides
• Dietary Supplements
• Polyurethane Foams
• Polymers and Resins Production
• Cosmetics Formulation
• Others

By End-use

• Agrochemicals
• Plastics
• Automotive
• Personal Care
• Food and Beverage
• Chemical and Petrochemical
• Others

By Company

• DSM Company
• EUCLID
• AB Enterprises
• Borealis
• Mitsui Chemicals
• Lanxess Deutschland GmbH
• Technon OrbiChem
• UPM Biochemicals 

Global Bio-based Phenol Market Report by Region

North America       

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East and Africa