| Product Code: ETC108343 | Publication Date: Aug 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India`s phenol import market saw significant growth with a CAGR of 22.34% from 2020 to 2024. However, in 2024, the market experienced a slight decline in growth rate at -1.82% compared to the previous year. The top exporting countries to India in 2024 were Thailand, Singapore, South Korea, South Africa, and the USA. The market concentration, as measured by the HHI, increased from moderate in 2023 to high in 2024, indicating a more consolidated market landscape. This trend suggests a dynamic and evolving market environment for phenol imports in India.

India phenol market is expected to witness a positive growth over the forecast period owing to its wide application in various industries such as paints and coatings, plastics, adhesives and construction. The growing demand for synthetic resins such as polycarbonate, epoxy resin, melamine formaldehyde from end-user industries is likely to drive the demand for phenol in India. Moreover, increasing consumption of plastic products due to rising disposable income is further estimated to be one of the major factor propelling the market growth during the forecast period. Growing urbanization and industrialization along with rapid economic development has also increased domestic production which has resulted into an increased availability of raw materials needed for manufacturing phenols thus providing impetus to this market
he major drivers that are driving the growth of India Phenol Market are increasing consumption of plastic products due high disposable income among people and growing applications in various industries including paints & coatings and adhesives & sealants industry. Additionally technological advancements coupled with introduction new innovative product offerings by key players operating in this space would further propel the market expansion over near future.
However stringent government regulations pertaining environmental concerns related with manufacture process might hinder industry Outlook during forthcoming years on account it requires usage hazardous chemicals like benzene while producing these chemicals.Moreover ,availability these feedstock at competitive prices is another challenge faced by manufacturers operating in this space.
Some prominent manufacturers involved in IndiaPhenol Market include Dow Chemicals Ltd., Reliance Industries Ltd., Gujarat Alkalies & Chemicals Limited (GACL), BASF SE ,Hindustan Organic Chemical Limited (HOCL) ,Kothari Petrochemicals Pvt Ltd amongst others
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Phenol Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Phenol Market Revenues & Volume, 2021 & 2031F |
3.3 India Phenol Market - Industry Life Cycle |
3.4 India Phenol Market - Porter's Five Forces |
3.5 India Phenol Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 India Phenol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for phenol in various industries such as automotive, construction, and electronics. |
4.2.2 Increasing focus on sustainable and eco-friendly production processes in India. |
4.2.3 Expansion of end-use industries and infrastructure development projects in the country. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in phenol production. |
4.3.2 Stringent environmental regulations and compliance requirements. |
4.3.3 Intense competition from other phenol-producing countries. |
5 India Phenol Market Trends |
6 India Phenol Market, By Types |
6.1 India Phenol Market, By End-users |
6.1.1 Overview and Analysis |
6.1.2 India Phenol Market Revenues & Volume, By End-users, 2021-2031F |
6.1.3 India Phenol Market Revenues & Volume, By Bisphenol A, 2021-2031F |
6.1.4 India Phenol Market Revenues & Volume, By Phenolic Resins, 2021-2031F |
6.1.5 India Phenol Market Revenues & Volume, By Caprolactam, 2021-2031F |
6.1.6 India Phenol Market Revenues & Volume, By Alkyl Phenyls, 2021-2031F |
6.1.7 India Phenol Market Revenues & Volume, By Others, 2021-2031F |
7 India Phenol Market Import-Export Trade Statistics |
7.1 India Phenol Market Export to Major Countries |
7.2 India Phenol Market Imports from Major Countries |
8 India Phenol Market Key Performance Indicators |
8.1 Capacity utilization rate of phenol production facilities in India. |
8.2 Adoption rate of eco-friendly production technologies and processes. |
8.3 Investment in research and development for product innovation. |
8.4 Market penetration rate of phenol in emerging applications. |
8.5 Export volume of phenol products from India. |
9 India Phenol Market - Opportunity Assessment |
9.1 India Phenol Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 India Phenol Market - Competitive Landscape |
10.1 India Phenol Market Revenue Share, By Companies, 2024 |
10.2 India Phenol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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