The North America phenol market attained a volume of 3.88 Million Tons in 2024. The market is further projected to grow at a CAGR of 3.60% between 2025 and 2034, reaching a volume of 5.53 Million Tons by 2034.
There is a growing demand for phenol derivatives in North America, driven by their wide range of applications in industries such as pharmaceuticals, chemicals, and electronics. This trend is boosting the overall consumption of phenol and its derivatives, leading to North Americaphenol marketgrowth and expansion. For instance, in 2022, the phenol capacity was 15.65 million tonnes per annum (mtpa), which is expected to grow further. Companies like INEOS Phenol and Mitsui Chemicals are expanding their product lines to include a wide range of phenol derivatives, catering to the growing demand for these products in industries such as pharmaceuticals, chemicals, and electronics.
Advancements in manufacturing processes, such as the cumene process, Dow process, and Ranching-Hooker process, are enhancing the efficiency and sustainability of phenol production in North America. These technological innovations are driving market growth and improving the overall competitiveness of the industry. Companies like Shell and SABIC are investing in technological advancements in manufacturing processes. These innovations are enhancing the efficiency and sustainability of phenol production.
As per North America phenol market analysis, phenolic resins are widely used in various applications, including the production of adhesives, coatings, and insulation materials. Major producers of phenolic resins in North America include Hexion, BASF, and Georgia-Pacific Chemicals. The demand for phenolic resins is driven by their versatility and wide range of applications, particularly in the construction and automotive industries.
Caprolactam is a key intermediate in the production of nylon 6 fibres and resins, with significant demand from the textile, automotive, and electronics industries. Major producers of caprolactam in North America include Ascend Performance Materials, Invista, and BASF.
There is a growing demand for phenol derivatives in North America, driven by their wide range of applications in industries such as pharmaceuticals, chemicals, and electronics. This trend is boosting the overall consumption of phenol and its derivatives, leading to North Americaphenol marketgrowth and expansion. For instance, in 2022, the phenol capacity was 15.65 million tonnes per annum (mtpa), which is expected to grow further. Companies like INEOS Phenol and Mitsui Chemicals are expanding their product lines to include a wide range of phenol derivatives, catering to the growing demand for these products in industries such as pharmaceuticals, chemicals, and electronics.
Advancements in manufacturing processes, such as the cumene process, Dow process, and Ranching-Hooker process, are enhancing the efficiency and sustainability of phenol production in North America. These technological innovations are driving market growth and improving the overall competitiveness of the industry. Companies like Shell and SABIC are investing in technological advancements in manufacturing processes. These innovations are enhancing the efficiency and sustainability of phenol production.
As per North America phenol market analysis, phenolic resins are widely used in various applications, including the production of adhesives, coatings, and insulation materials. Major producers of phenolic resins in North America include Hexion, BASF, and Georgia-Pacific Chemicals. The demand for phenolic resins is driven by their versatility and wide range of applications, particularly in the construction and automotive industries.
Caprolactam is a key intermediate in the production of nylon 6 fibres and resins, with significant demand from the textile, automotive, and electronics industries. Major producers of caprolactam in North America include Ascend Performance Materials, Invista, and BASF.
Market Segmentation
North America Phenol Industry Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:Market Breakup by Product Type
- Phenolic Resin
- Bisphenol A
- Caprolactam
- Others
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
Market players are focusing on expanding their production capacity and investing in research and development activities to develop new and innovative phenol-based products.- INEOS AG
- Mitsubishi Chemical Group Corporation
- Honeywell International Inc.
- Shell PLC
- Solvay SA
- ALTIVIA
- AdvanSix Inc.
- Capital Resin Corporation
- SI Group, Inc.
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Phenol Market Overview
6 North America Phenol Market Overview
7 North America Phenol Market by Product Type
8 North America Phenol Market by Country
9 Market Dynamics
11 Trade Data Analysis (HS Code: 297)
13 Competitive Landscape
Companies Mentioned
- INEOS AG
- Mitsubishi Chemical Group Corporation
- Honeywell International Inc.
- Shell PLC
- Solvay SA
- ALTIVIA
- AdvanSix Inc.
- Capital Resin Corporation
- SI Group, Inc.
