Commodity Market Report
Global cumene-phenol long-term outlook H1 2019
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Report summary
The lack of investment over the past two years has led to tight supply in the global phenol market amid healthy demand growth, hinting at possible business opportunities. Most regions will see positive phenol demand growth, albeit with different growth patterns. Asia will lead growth in both phenol supply and demand, while new developments in the Middle East will be export-oriented. The underlying phenol demand is supported by end-use industries such as electronics, construction, and automotive sectors. Global phenol trade volumes tend to expand and peak in 2020. The new wave of capacity additions, predominantly coming out of Asia will drive down volumes afterwards
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