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Global and Russian phenol markets

After the recession in 2008-2009, the world phenol market began to recover. In the coming years the production output is expected to grow at a rate of 5.5% per year, and in Asia the growth rate will be 7% annually. If this situation do not goes worse the production output will reach pre-crisis level next year. The growth rate of phenol consumption in the world will amount to 5-6% per year. Chiefly, the demand will grow in Asia.

The Russian market is also experiencing a revival and growth in consumer demand. It is expected that this year production output will grow up by 25% and will reach the level of 2006. According to forecasts, in 2011 the phenol market will be stable. Looking forward, this segment of Russian market could change significantly, if the adherents of green production achieve the taboo to use phenolic resins.

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