Asia likely to account for entire global phenol capacity additions by 2030
AI Summary
Asia is projected to be the sole region globally adding phenol production capacity by 2030, driven by increasing demand for primary downstream derivatives. This trend highlights the region's growing significance in the global chemicals market.
Asia is likely to be the only region globally projected to register phenol capacity additions by 2030, driven by demand for primary downstream derivatives.
World Markets Commodities Asia phenol capacity chemical industry capacity additions downstream derivatives market projection