Imported Phenol in Kandla

Phenol, a vital aromatic compound, is popular for its extensive use across multiple industrial sectors. It is also known as carbolic acid. It is a white crystalline solid that dissolves in water. With its unique chemical properties, phenol serves as a vital raw material in producing resins, plastics, and pharmaceuticals.

Phenol’s high reactivity and versatility make it an indispensable ingredient in manufacturing processes, including adhesives, coatings, and synthetic fibres.

Several leading chemical manufacturers dominate the phenol market. Leading phenol brands include INEOS, Mitsui Chemicals, and LG Chem. These companies invest in research and innovation to cater to the growing demand for phenol-based products.

In India, renowned phenol brands like Deepak Phenolics provide consistent quality products used in various industries. Phenol is sourced from Kandla and Dahej, catering to high-demand markets like Mumbai and beyond.

Industries like railway manufacturing and marine operations rely on premium-quality chemicals like phenol for superior performance. Marine paint procurement involves phenol derivatives for enhanced durability and protection against harsh conditions. Products like silicone sealants or marine-grade adhesives are often required in large tenders in India. For example, high-performance coatings were recently required in tenders by the Shipping Corporation of India. Similarly, phenol was required in rail projects such as Modern Coach Factory's project in Raebareli, due to its use in adhesive formulations, like polyvinyl acetate adhesives, that ensure strong bonding.

Key Properties of Phenol

• Aromatic Structure: Phenol’s benzene ring enables it to undergo substitution reactions, making it a precursor for many derivatives.
• Hydrophilic Nature: It has limited solubility in water, which enhances its use as a solvent.
• Acidity: Phenol is slightly acidic, which contributes to its reactivity in industrial processes.
• Toxicity: Phenol is corrosive and requires careful handling due to its potential health hazards.

Industrial Applications of Phenol

• Resins and Plastics: Phenol is predominantly used in the production of bisphenol A (BPA), a key precursor in the manufacturing of polycarbonate plastics and epoxy resins. These materials are integral to industries such as automotive, construction, and electronics due to their strength, durability, and resistance to heat. Additionally, phenol is essential in the creation of phenolic resins, widely used in laminates, insulation, and moulding compounds. Phenolic resins provide durability and thermal resistance.
• Pharmaceuticals: In the pharmaceutical sector, phenol acts as an intermediate in synthesising various drugs like aspirin and serves as an antiseptic in certain medical formulations.
• Agrochemicals: Phenol derivatives play a crucial role in the production of herbicides, fungicides, and pesticides, supporting modern agriculture.
• Industrial Solvents: Phenol is used as a solvent in chemical processes, enhancing the extraction and purification of compounds.
• Dyes and Textiles: Phenol derivatives are essential in dye manufacturing, adding vibrant colours to textiles and other materials. It is also a crucial component in the production of nylon intermediates and enables the development of synthetic fibres.

Phenol Market Trends and Supply Chain

The phenol market is shaped by its widespread use in diverse industries, particularly resins and plastics. It has a rising demand in the construction and automotive sectors. The construction industry relies on phenolic resins for insulation materials and adhesives. Automotive manufacturers use polycarbonate plastics derived from phenol for lightweight, durable components.

The growth of the electronics manufacturing industry is also increasing the demand for phenol as phenol-based epoxy resins are integral to producing printed circuit boards (PCBs) and electrical components.

The increasing demand for phenol-based products in emerging economies has bolstered its market growth, creating opportunities for expansion in regions with developing industries.

The Asia-Pacific region leads the global phenol market, accounting for 52.5% of the total market share, with major demand driven by the production of Bisphenol A (BPA) and phenolic resins.

Further, the largest application segment is Bisphenol A, which constitutes 47% of phenol usage, followed by phenolic resins and caprolactam. These materials are crucial in industries such as automotive, electronics, and construction.

Major phenol suppliers ensure reliable distribution networks, offering PAN India delivery to support industries across key regions. Major phenol brands like Shell Chemical, and Solvay ensure a steady supply chain across global markets.

Flexible packaging options cater to diverse customer needs, ranging from bulk industrial orders to smaller-scale applications. Competitive pricing and credit options further enhance accessibility for businesses looking to optimise their procurement strategies.

Environmental regulations and the push for sustainable production methods are also shaping the phenol market. The market is witnessing a shift toward bio-based phenol production to reduce reliance on petroleum-derived raw materials. Manufacturers are exploring greener alternatives and efficient technologies to meet the rising demand while adhering to environmental standards.

Phenol Prices

Phenol prices vary globally due to differences in production capacities, import-export policies, and regional demand. Key regions like Asia-Pacific, North America, and Europe drive the market. Staying updated with phenol prices today ensures competitive procurement, particularly for industries managing tight project budgets.

Phenol Historical Prices

Phenol prices have remained quite volatile in the past few years. Phenol rates increased constantly throughout 2024 before falling around the end of the year.

Phenol Rates Today

As of December 2024, the global phenol market shows a varying price range, depending on the region and production source. In India, the price of phenol range between Rs 80 to Rs 100 per kilogram, largely influenced by import costs and domestic production levels.

Tracking daily the price of phenol through market intelligence platforms like Nexizo helps businesses to strategise procurement effectively.

Phenol Price Forecast

As industries continue to innovate, the demand for phenol and its derivatives is expected to grow. Its vital role in producing advanced materials, coupled with evolving applications in sustainable solutions, positions phenol as a cornerstone of the chemical industry. Businesses that capitalise on these trends stand to benefit from phenol’s indispensable contributions to industrial progress.

Factors that Influence Phenol Prices in India

Phenol prices fluctuate based on various global and regional factors:

• Raw Material Costs: Phenol is primarily produced from benzene and propylene. Fluctuations in these feedstock prices directly impact phenol rates.
• Supply and Demand Dynamics: The demand for BPA and phenolic resins significantly influences phenol pricing. Increasing applications in manufacturing polycarbonates, resins, and adhesives drive the price of phenol. Shipping constraints also impact import/export dynamics.
• Crude Oil Prices: Fluctuations in crude oil prices directly affect phenol rates in the market, as its feedstock is derived from petrochemicals.
• Global Economic Trends: Industrial growth or slowdown affects phenol consumption across key sectors like construction and automotive.
• Environmental Regulations: Stricter policies around emissions and waste management can fluctuate phenol production costs and availability.

Get the Best Phenol Prices Today on Nexizo

Nexizo sources phenol from top industrial centres, including Deepak Phenolics in Dahej and imported phenol in Kandla. Nexizo’s network ensures you get the best phenol, delivered on time, with complete customisation options. Flexible options like bulk supply meet the requirements of large-scale projects, including railway coatings or urban development tenders. Contact Nexizo today to stay ahead in the industry with reliable and cost-effective phenol.