Phenol Market to Record an Impressive Growth Rate of US $17 B in 2022
Phenol is an aromatic compound commonly known as carbolic acid that has a similar structure to alcohol but with higher levels of acidity. The global phenol market is driven in large part by the surging demand for bisphenol – A. The demand in the global phenol market is substantially influenced by general macroeconomic factors and thus, the consumption of phenol has a direct relation to the growth patterns of major world economies. Phenol is widely used in many different applications...
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