News Snapshot:
The global phenol capacity is poised to see considerable growth by registering a total growth rate of 17% by 2024. The phenol capacity is likely to potentially increase from 14.21 million tonnes per annum (mtpa) in 2019 to 16.64 mtpa in 2024. Among the regions, Asia leads the capacity additions and the region’s phenol capacity is expected to increase from 7.82 mtpa in 2019 to 9.76 mtpa in 2024, at an average annual growth rate (AAGR) of 4.4% says GlobalData, a leading data and analytics company. GlobalData’s report, ‘ Global Phenol Industry Outlook to 2024 – Capacity and Capital Expenditure...
