Monthly Advisory

Phenol

Phenol
Phenol

Demand for phenol in India has grown about 10% a year from 2017-18 to 2025-26, and domestic sales met about 60% of it in 2024-25; imports covered the rest.

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Phenol formaldehyde (PF) resins take the largest share of the phenol used in India. Other major uses are alkylphenols, aniline, bisphenol A, adipic acid, plasticisers and pharmaceutical products, and the industries that use these phenol-based products are growing fast, which is what drives demand.

Domestic sales have risen strongly since Deepak Phenolics started production in 2018, and phenol production in India is up several-fold since 2017-18. It still falls short of demand. Thailand was the main source of India's phenol imports in 2024-25, with about 47% of the total, and more capacity is needed to close the gap.

Several cumene/phenol projects are under way in India, including those of Haldia Petrochemicals and Deepak Chem Tech, and they have prompted plans for related bisphenol-A (BPA) and polycarbonate capacity. Analyses suggest that adding polycarbonate to an integrated cumene/phenol project could be a much bigger step.

Our journalists bring you exclusive news from the industry. Their contacts run from manufacturers to decision makers, relationships built over 18 years, and that gives the team a close view of the Indian phenol market.

Business Development
Anirudh Sharma
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