Bio-based phenols are gaining popularity in a variety of applications, including cosmetic formulations, nutritional supplements, and solvents
Companies are investing more on renewable phenol research and development since it is a broad class of chemicals with commercial relevance, a distinctive structure, and has a large supply
ALBANY, N.Y. , June 23, 2022 /PRNewswire/ -- The value of the global bio-based phenol market stood at US$ 12.5 Bn in 2021. The global market study on bio-based phenol estimated the market to rise at a CAGR of 5.5% during the forecast period, from 2022 to 2031. The Bio-based phenol market revenue analysis estimates the market to attain value of US$ 21.3 Bn by 2031. The Bio-based phenol market outlook is estimated to be positive with the accelerated depletion of fossil fuels. These fuels are that utilized in the production of a variety of goods, including phenol, is causing energy shortage all over the world. As a result, the price of petroleum-based phenol is rising. In addition, phenol derived from petroleum does leave a harmful impact on the environment. As a result, businesses must concentrate on alternate feedstock for petroleum-derived goods.
Renewable lignocellulosic biomass, such as grass, straw, and wood is used to make bio-based phenol. In order to diversify their revenue streams, manufacturers are likely to look toward lignin, which is a major source of bio-based phenol. In an effort to innovate in bio-based phenols, businesses are spending more on research and development activities of bio-based waste and residual oils.
Get PDF Brochure for More Insights – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=84367
Market demand for bio-based phenol is estimated to stem mostly from environmental degradation and fossil fuel depletion. These two factors are likely to drive up usage of bio-based chemical intermediates in industries including medical, automotive and transportation, and electrical. For long-term sustainability, it is essential to substitute petroleum-based products with low-cost, bio-renewable natural resources. This factor is predicted to have a considerable influence on the chemical industry as well as the environment and is expected to favour the market.
Get Covid 19 Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=84367
Key Findings of Market Report
Lignocellulose provides a number of distinct benefits. There is a lot of it, and it's all renewable. It also is readily accessible as a food industry waste product. Hemicellulose, cellulose, and lignin, and are all components of lignocellulosic biomass and it could be used as eco-friendly alternatives to phenol. The structure of lignin is phenolic. It is now widely involved in the manufacturing of bio-based phenolic resin and is likely to emerge as one of the ongoing trends of bio-based phenol.
In the industrial bio-oil industry, phenol is used to generate higher-value products including renewable phenols. Once separated and purified, certain phenols can be utilized as chemical feedstock, whereas others can be utilized as intermediates in the production of food additives, pharmaceuticals, adhesives, and specialty polymers. As a result, producing phenol from bio-oils is a green process, and demand for bio-based phenol is increasing.
Request a Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84367
Global Bio-based Phenol Market: Growth Drivers
In 2021, the lignin category held 44.5 % of the market share, according to the report. By 2031, it is predicted to rise at a CAGR of 6.7% during the forecast period. Due to its unusual structure, which consists of phenyl-propane units, lignin is likely to be a feasible alternate source for high-value-added compounds.
Asia Pacific is estimated to have the major proportion of the global market, in terms of region. It is likely to be followed by North America and Europe . This can be attributed to the region's abundant supply of raw materials at competitive prices. Besides, South Korea , Japan , India , and China's growing diversification of the building and construction and automobile businesses to fuel regional market.
Make an Enquiry Before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=84367
Global Bio-based Phenol Market: Key Players
Some of the key market players are
Global Bio-based Phenol Market: Segmentation
Browse More Chemicals & Materials Market Research Reports by TMR:
Glycerol Market - Glycerol Market is likely to register a CAGR of 6.3% during the forecast period and is anticipated to reach a glycerol market share of US$ 454.1 Bn by 2031
Geotextiles Market - Geotextiles Market is likely to register a CAGR of 10.3% during the forecast period and is anticipated to reach a geotextiles market share of US$ 22.9 Bn by 2031
Silicone Masterbatches Market - Silicone Masterbatches Market is likely to register a CAGR of 6.3% during the forecast period and is anticipated to reach a silicone masterbatches market share of US$ 427.5 Mn by 2031
Dodecanedioic Acid Market - Dodecanedioic Acid Market is likely to register a CAGR of 7.2% during the forecast period and is anticipated to reach a dodecanedioic acid market share of US$ 1.5 Bn by 2031
Heptanoic Acid Market - Heptanoic Acid Market is likely to register a CAGR of 3.8% during the forecast period and is anticipated to reach a heptanoic acid market share of US$ 4 Bn by 2031
Bio Alcohol Market - Bio Alcohol Market is likely to register a CAGR of 10% during the forecast period and is anticipated to reach a bio alcohol market share of US$ 419.75 Bn by 2031
Lignin Market - Lignin Market is likely to register a CAGR of 5.4% during the forecast period and is anticipated to reach a lignin market share of US$ 5.6 Bn by 2031
Static and Rotating Equipment (Oil and Gas) Market - Static and Rotating Equipment (Oil and Gas) Market is likely to register a CAGR of 4.8% during the forecast period and is anticipated to reach a static and rotating equipment (oil and gas) market share of US$ 35.6 Bn by 2031
Transparency Market Research is a global market research firm that offers the latest market research reports and business consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Rohit Bhisey Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Blog: https://tmrblog.com Email: sales@transparencymarketresearch.com
Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/bio-based-phenol-market-is-predicted-to-expand-at-a-cagr-of-5-5-during-the-forecast-period-notes-tmr-study-301573316.html
As we move toward the end of Q2, it’s time to start thinking about earnings. Looking back at the quarter, analysts are predicting earnings growth of 8%, which may rise to 11% heading into next year. It’s a rosy picture, but it’s also not a sure thing. GDP contracted in Q1, by nearly 1.5%, and some estimates are showing 0% growth in Q2. Such results would meet the technical definition of a recession – and recession is hardly the usual environment to find robust earnings growth. Looking at current
In this article, we will take a look at 10 value stocks to buy according to billionaire David Tepper. If you want to skip our discussion on Tepper’s history and his hedge fund’s performance, go directly to 5 Value Stocks to Buy According to Billionaire David Tepper. With a net worth of $16.7 billion, David […]
Nuclear submarine supplier to be sold to US buyer after diplomatic row Russian default expected within days Retail sales volumes down 0.5pc in May FTSE 100 rises strongly Ambrose Evans-Pritchard: The pro-Brussels establishment is painting Brexit as an economic disaster to reverse it Sign up here for our daily business briefing newsletter
Tesla plant near Shanghai is going to shut down temporarily, according to reports. On Wednesday, Reuters reported that Tesla (ticker: TSLA) will shut down production in China for a couple of weeks at the start of July to upgrade equipment. Tesla didn’t return a request for comment.
“Time is running out for cash-burning companies kept afloat with easy access to capital,” New Constructs CEO David Trainer said in a Thursday research note.
(Bloomberg) -- Robinhood Markets Inc. faced a more dire situation during the height of last year’s meme-stock frenzy than executives at the online brokerage let on publicly, according to a report from top Democrats on a key congressional committee. Most Read from BloombergSupreme Court Overturns Roe, Transforming Abortion-Rights FightStocks Roar Back With Best Week in a Month: Markets WrapJuul’s Vaping Products Are Ordered Off the Market in the USJustice Kavanaugh Says States May Not Bar Travel
This month we’ve received both good and bad news from the “single greatest predictor of future stock market returns.” It is a contrarian indicator, with higher equity allocations associated with lower subsequent market returns, and vice versa. According to a simple econometric model I constructed that bases its predictions on the historical correlation between the indicator and the stock market, the S&P 500’s real total return over the next decade will be minus 3.3% annualized.
Shares of the specialty pharmaceutical company Bausch Health Companies (NYSE: BHC) are surging today in response to the news that Joseph Papa has resigned from the board of directors effective immediately. Over the past six years, Papa has been instrumental in lowering the company's sky-high debt and keeping it out of bankruptcy court. Bausch said in a statement Thursday evening that billionaire hedge fund manager John Paulson will fill the vacant board position.
Energy prices are high. But bargain-hunter Buffett continues to bet on big oil.
Dividend stocks are the new darlings in S&P 500. But investors are getting burned on those stocks, too.
The drop is exciting some Berkshire investors because the stock now trades for 1.3 times Barron's estimate of its June 30 book value, compared with more than 1.5 times at its March high.
Bitcoin bear markets aren't unusual. But cryptocurrencies have never faced such an aggressive Federal Reserve. Welcome to the crypto ice age.
High-yield dividend stocks are a major component of my stock portfolio. Here are three income stocks that have room for solid gains in the next year and even better gains over the long run. The blue-chip business development company (BDC) Main Street Capital (NYSE: MAIN) has held up better than the S&P 500 index, which is down 21% so far this year.
The merger of the special-purpose acquisition company Gores Guggenheim and the electric-vehicle company coming from Volvo is done.
In this article, we will look at 10 stocks to profit from inflation. If you want to explore similar stocks, you can also read 5 Stocks to Profit from Inflation. Billionaire investor and hedge fund manager of the world’s largest hedge fund, Bridgewater Associates, Ray Dalio shared his views on the current economic situation that […]
U.S. stock indexes moved more than 2% higher, as investors shifted their views about central bank policy after weak economic data.
Shares in the biggest U.S. banks rallied on Friday after they passed the Federal Reserve's annual health check, but Bank of America underperformed with test results implying it needs a larger-than-expected capital buffer, which could limit share buybacks and dividends. While the broader equity market also rallied on Friday, Wells Fargo & Co, up 7.5%, was the biggest gainer among the 34 lenders that underwent the Fed's so-called stress test, which measures how they would fare in a hypothetical severe economic downturn. The group would have roughly twice the capital required under Fed rules in the downturn scenario, it said.
Shares in Polestar Automotive Holding UK PLC jumped 16% on their first day of trading Friday, after the Swedish electric-vehicle maker completed a merger with a special-purpose acquisition company amid plans to expand globally. Polestar agreed to be acquired by blank-check company Gores Guggenheim in September. The auto maker is a unit of Volvo Car AB, which in turn is owned by Zhejiang Geely Holding Group Co. of China.
ConocoPhillips ( NYSE:COP ) stock is about to trade ex-dividend in 2 days. The ex-dividend date is one business day...
The inflation problem is real. According to the American Automobile Association (AAA), the average price for a gallon of gas is $4.96 compared to just $3.07 last year. If consumers spend $400 more a month on things that they need, then they'll necessarily make cuts elsewhere to keep their heads above water.