Supply and demand forecast of global phenol market

The global production capacity of phenol was 9.50 million tons in 2005. Its production capacity will be 9.96 million tons by 2007, 11.18 million tons by 2012. The consumption of phenol will be 8.0 million tons in 2006, and the global consumption of phenol will increase at a rate of 4%-5% annually in the coming five years. The main application of phenol is to produce bisphenol A and phenolic resin, which cover 40% and 28% respectively recently. The production capacity of phenol was 506 kt and the consumption was 630 kt in 2005. The ratio as the material of bisphenol A and phenolic resin was 41% and 27.7% individually in China. Domestic phenol consumption will increase by 9% annually in the coming years.